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21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues

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Twenty one states of the federation are seeking loans amounting to N1.65 trillion to fund their 2024 budget deficits despite the increase in the allocations they have received from the Federation Account Allocation Committee (FAAC) in the last one year. 

From June 2023 to June this year, all the 36 states and the 774 local governments received a total of N7.6 trillion from FAAC. This increase in revenue is largely due to the removal of petrol subsidy by the federal government on May 29, 2023. 

Findings by Daily Trust show that the 36 states are projected to receive N5.54 trillion from FACC for this year as against the N3.3 trillion disbursed to them last year.

Under the current revenue-sharing formula, the federal government receives 52.68 percent; while states and local governments get 26.72 percent and 20.60 percent respectively. Such federation revenues, in addition to internally generated revenues of each tier, are expected to facilitate development across the three tiers of government, and also ensuring that the governments fulfill their financial obligations. 

The FAAC allocations to local governments for June were paid directly to the state governments.

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 The Supreme Court had, on July 11, affirmed financial autonomy for the local governments. The apex court directed that the financial allocations meant for all the 774 local government areas in the country be paid to them directly. It said it is unconstitutional for state governments to keep and manage allocations on behalf of the local governments. 

States’ borrowing patterns 

Investigations by Daily Trust show that 21 states have expressed intentions to borrow a total sum of N1.650 trillion from both internal and external sources to fund their 2024 budget deficits.

Other states are yet to upload their borrowing plans. 

According to details of the borrowing plans made public, the Adamawa State Government is to borrow N68.46 billion; Anambra N245 billion; Bauchi, N59.08 billion; Bayelsa, N64 billion; Benue, N34.69 billion; Borno, N41.71 billion; Ebonyi, N20.5 billion; Edo, N42.71 billion and Ekiti State, N27.15 billion. 

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Others are Jigawa, N1.78 billion; Kaduna, N150.1 billion, Kebbi, N36.7 billion; Katsina, N163.87 billion; Kogi, N37.08 billion; Kwara, N30.76 billion; Osun, N12.36 billion; Oyo, N133.4 billion; Nasarawa, N32.93 billion; Gombe, N73.75 billion and Imo, N271.34 billion.

The monthly FAAC allocations to the 36 states and the 774 local governments from June last year to June this year stood at N7.6 trillion. This represents an increase of over 40 per cent. 

In June 2023, states got N299.92 billion; local government councils (LGCs), N221.79. July: states, N310.670 billion, LGCs, N229. 409 billion. August: states, N319.52 billion; LGCs, N236.23 billion. September: states, N361.19 billion; LGCs, N266.54 billion. October: states, N287.07 billion; LGCs, N210.90 billion. November: states, N379.41 billion; LGCs, N278.04 billion. December: states, N396.693 billion and LGCs, N288.928 billion.

In January this year, state governments got N379.407 billion; LGCs, N278.041 billion. February: states, N366.95 billion; LGCs, N267.15 billion. March: states, N398.689 billion; LGCs, N288.688 billion. April: states, N403 billion; LGCs, N293 billion. May: states, N388.419 billion; LGCs, N282.476 billion. June: states, N461.979; LGCs, N337.019 billion.

Allocations from Value Added Tax also rose year-on-year by 228.8 percent to N2.42 trillion in the first five months of 2024, up from N736.06 billion in the first five months of 2023. 

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The 13 percent derivation fund received by oil producing states also rose by 234 percent to N519.83 billion in the first five months of 2024, up from N155.5 billion in the first five months of 2023.    

In June this year alone,   the FAAC allocations to both states and local governments crossed the N1 trillion mark with N1.3 trillion.

If the standard of N500 million outlined by the World Health Oganisation (WHO) for establishment of an averagely equipped primary healthcare centre facility is anything to go by, 20 percent (N160 billion) of the June allocation is enough to put in place 320 of such health facilities nationwide.

There’s need for accountability – Experts 

The Executive Director of the Centre for Fiscal Transparency and Public Integrity, Umar Yakubu, said there is a need for accountability regarding how the allocations to the states are being spent. In an interview with Daily Trust, Yakubu noted that the removal of the petrol subsidy has led to a significant increase in revenues, especially at the states and local governments. 

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He said: “The major issues is that governments think the more they make revenue, the more they solve problems because the accountability mechanism is so weak and the audit processes are not good enough to check excesses. 

“So, what you have is more Naira into the system and the few who have access to them will convert them to dollars, which is the major reason our foreign exchange market has not stabilised because of too much Naira chasing few dollars. 

“Therefore, we call for accountability which has to be in place to check corruption because as you can see, more money has come, but no state is recruiting, no state is increasing pensions or allowances of workers or event increasing capital expenditures because they are just siphoning money without accountability”, he said.  

Also speaking to Daily Trust, a development expert, Victor Agi, said if the issue of accountability at the sub-national level is not tackled head-on, the challenges at the grassroots would continue. 

 Agi said state governments must be accountable with the increased revenues to drive growth at the grassroots.  

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“One of the issues is that people always blame bad governance on the federal government, forgetting that governors also get huge allocations to develop their various states. 

“In the last one year, revenues have grown by almost 50 per cent, yet the governors can’t improve welfare of their workers and the people in general. For instance, the president signed the national minimum wage of N70,000 and some of the governors are kicking that they can’t pay despite increase in revenues. This indicates that something is wrong. 

“What is more disturbing is that the same issue will now be encountered in the local governments now that their allocations will be paid directly. There is need for more awareness from civil society to ensure that development at the grassroots is implemented now that revenues have increased,” he said.

Daily Trust 

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One Dead, Three Injured in Anambra Building Collapse as Govt Seals Site

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By Okey Maduforo, Awka

One person has been confirmed dead while three others sustained injuries following the collapse of a three-storey building in Oko, Orumba North Local Government Area of Anambra State.

The building, which reportedly housed students of the Federal Polytechnic, Oko, collapsed on Sunday night, trapping some occupants beneath the rubble.

The injured survivors were rescued and taken to Chukwuemeka Odumegwu Ojukwu University Teaching Hospital and St. Michael’s Hospital, Oko, where they are currently receiving treatment.

Meanwhile, the Anambra State Government has sealed off the site of the collapsed building, reaffirming its commitment to stricter enforcement of physical planning regulations and the elimination of unsafe construction practices.

The Commissioner for Physical Planning and Urban Development, Barrister Chijioke Ojukwu, said preliminary findings indicated structural failure as the likely cause of the collapse.

He announced the immediate closure of the site pending comprehensive investigations and structural integrity assessments.

Ojukwu said the incident would mark a turning point in the enforcement of building regulations across the state, warning that owners and developers of defective or non-compliant structures would face sanctions.

He added that ongoing construction projects would also be subjected to stricter inspections.

The Commissioner for Works, Arc. Okey Ezeobi, said technical investigations were ongoing to determine the exact cause of the collapse, adding that a team of professionals had been deployed to conduct a comprehensive structural evaluation.

Ezeobi assured residents that recommendations arising from the investigation would be implemented to strengthen the state’s building control system, prevent future occurrences and ensure that anyone found culpable is prosecuted in accordance with the law.

The Commissioner for Health, Dr Afam Obidike, said medical personnel and ambulances were immediately deployed to the scene to provide emergency care for the injured.

He said the Ministry of Health worked closely with other emergency response agencies throughout the rescue operation.

Obidike commended the swift and coordinated response of the Anambra State Government and emergency agencies, describing it as crucial to the rescue efforts and the timely medical treatment of the victims.

The Mayor of Orumba North Local Government Area, Rtd. Capt. Casmir Nwafor, also praised the rapid intervention of the state government and emergency responders, noting that their coordinated efforts helped contain the situation and minimise further risks.

Nwafor urged developers, property owners, institutions and residents to strictly comply with approved building regulations and safety standards, reaffirming the local government’s support for the enforcement of physical planning laws.

An eyewitness, Prince Ifeanyi Ezefunamba, said the building, reportedly occupied by students of the Federal Polytechnic, Oko, collapsed at about 10:00 p.m. after occupants heard cracking sounds and began evacuating.

He said one survivor, Miss Chioma Akabike, narrowly escaped moments before the building collapsed, while rescue operations commenced immediately.

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Traveller Praises Enugu Air, Says Airline Has Made Enugu More Accessible

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A traveller who arrived in Abuja aboard an Enugu Air flight has praised the airline for its service, describing the flight as smooth, calm and comfortable despite unfavourable weather conditions.
The traveller, Wordshot Amaechi Ugwele, in a viral social media post said Enugu Air had become a source of pride for the South-East and had significantly improved connectivity between Enugu and other parts of Nigeria.
Ugwele said the airline’s expansion to destinations including Benin and Kano had made air travel more accessible to residents of the region.
He said, “Today, our people can also fly directly from Enugu to Kano, a travel convenience that would have seemed unimaginable not too long ago, until Enugu Air made it a reality.”
Ugwele also commended Enugu State Governor, Peter Ndubuisi Mbah, for what he described as his vision, meticulous planning and disciplined execution in driving development across the state.
According to him, the governor’s achievements in infrastructure, connectivity and economic transformation had contributed to Enugu’s emergence as one of Nigeria’s fastest-growing states.
He said the establishment and expansion of Enugu Air demonstrated the administration’s commitment to improving transportation and connecting Enugu with other parts of the country and beyond.

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Canada based Prophetess Sparks Controversy After Celebrating Mother-in-Law’s Death

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Prophetess Ezinne Nwanorue, a Nigerian preacher based in Canada, has sparked controversy online after appearing to celebrate the death of her mother-in-law in a social media post that has drawn widespread criticism.

The cleric shared the funeral poster of the deceased, Comfort Nwanorue, on Facebook on Monday, accompanying it with remarks in which she accused her late mother-in-law of being responsible for some of the challenges she had faced in the past.

Ezinne claimed she had endured years of spiritual attacks and persecution, saying she believed God had exposed those she held responsible for her struggles.

She also issued stern warnings to individuals she described as agents of evil, urging them to repent.

Her comments triggered a wave of reactions on social media, with many users criticising her for publicly expressing what they perceived as joy over the death of a family member.

The incident has also renewed public interest in Ezinne’s marriage to Franklin Nwanorue, which previously made headlines over a controversial fidelity oath he took before relocating to Canada.

Before leaving Nigeria, Franklin reportedly recorded a video in which he pledged to remain faithful to his wife, declaring that he should die if he ever cheated on her after relocating abroad.

However, Ezinne later accused her husband of violating the oath, alleging in a separate Facebook post that he had become involved with another woman despite his public declaration.

As of the time of filing this report, Franklin Nwanorue and other members of his family had yet to publicly respond to Ezinne’s latest social media post.

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Nnamdi Kanu Terminates Ifeanyi Ejiofor’s Legal Representation, Withdraws IPOB Mandate

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The detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has formally terminated the services of his longtime personal lawyer, Barrister Ifeanyi Ejiofor, directing him to stop representing him, his family or IPOB in any capacity.
In a letter dated July 22, 2026, and written from the Sokoto Correctional Centre, Kanu said Ejiofor’s engagement as his personal legal representative had previously been terminated verbally, adding that the latest letter served as formal written confirmation of the decision.
Kanu also withdrew any authority previously granted to Ejiofor to act for or represent IPOB, insisting that the lawyer no longer had any express, implied or ostensible authority to speak or act on behalf of the group.
Citing Section II, Subsection A of the IPOB Code of Conduct, Kanu said the power to appoint, suspend or dismiss principal officers rests exclusively with the IPOB leader unless expressly delegated.
He argued that no individual, committee or former office holder acting outside the provisions of the IPOB Code of Conduct could validly appoint or retain legal representatives for the organisation.
Kanu directed Ejiofor to immediately stop making public statements, granting interviews, issuing press releases or publishing social media posts on behalf of him, his family or IPOB.
He also instructed the lawyer to stop presenting himself as his legal representative or that of IPOB in any court, forum or public space, and to take the necessary legal steps to withdraw from any pending matters in which he remains counsel of record.
See also: Nnamdi Kanu engages new legal team as terrorism trial begins today
In the letter, Kanu warned Ejiofor against disclosing or misusing confidential information obtained during their lawyer-client relationship.
“Accordingly, I hereby place you on formal notice that you are not authorised to disclose, publish, communicate, exploit, or otherwise use any confidential or privileged information acquired in the course of your retainer, whether directly or indirectly, for any purpose whatsoever, except as required by law or by order of a court of competent jurisdiction, without my express written authorisation.
“Any unauthorised disclosure or misuse of privileged information may constitute professional misconduct and may give rise to disciplinary proceedings before the Legal Practitioners Disciplinary Committee, as well as any other remedies available under the law.”
Kanu further cautioned that any breach of client confidentiality or unauthorised disclosure of privileged information could amount to professional misconduct and attract disciplinary proceedings before the Legal Practitioners Disciplinary Committee (LPDC), in addition to other legal remedies available under Nigerian law.
I tightened the language, removed repetition and improved the flow while retaining the substance of the original report.

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Rescue Operations Ongoing After Three-Storey Building Collapses in Oko

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Rescue operations are ongoing following the late-night collapse of a three-storey building known as Elite Five Star Lodge, located beside Tonimas Filling Station in Amokpala, Oko, Orumba North Local Government Area of Anambra State.

The building collapsed on Sunday night, July 26, 2026, trapping some occupants beneath the rubble.

According to the Anambra State Police Command, a police-led joint security team was immediately deployed to the scene following a distress report.

The state Police Public Relations Officer, PPRO, SP Tochukwu Ikenga, disclosed this in a statement made available to newsmen on Monday.

Ikenga said, “On receipt of the distress report, the police, in collaboration with other security agencies, immediately mobilised to the scene, secured the area to prevent further danger, and coordinated rescue efforts.

“The Anambra State Fire Service and the Anambra State Emergency Management Agency (SEMA) also responded promptly and joined in the rescue operation.

“The Command notes that rescue operations are ongoing to reach other persons who may still be trapped, as the number of casualties or affected persons cannot yet be confirmed.

“Also, some injured victims have been rescued from the debris and evacuated to a hospital in Oko, where they are currently receiving medical attention.

“To this end, members of the public, especially residents in the area, are urged to remain calm, avoid spreading unverified information, and stay away from the scene to allow emergency responders unrestricted access.

“Further updates will be communicated as more verified information becomes available.”

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