The Presidency has urged Nigerian state governors to use the recent surge in Federal Account Allocation Committee (FAAC) disbursements wisely for the benefit of the citizens.
This call came from Daniel Bwala, Special Adviser on Policy Communication to President Bola Tinubu.
Bwala made this announcement on X (formerly Twitter), highlighting that the latest FAAC allocation has hit an unprecedented N3.143 trillion.
This is the highest total revenue ever recorded in the history of the FAAC disbursements.
Bwala credited this milestone to President Tinubu’s recent reforms aimed at closing financial loopholes and freeing up funds for national development.
“Thanks to President Bola Tinubu’s efforts, loopholes have been blocked, and funds have been freed up to accelerate the country’s development,” Bwala wrote.
With this increase in allocation, Bwala emphasized that both state and local governments are now receiving record-breaking funds.
This moment is seen as a significant turning point in Nigeria’s governance, marking a new phase of possible transformation in the country.
Bwala strongly urged governors to channel the newly available resources into projects that will positively impact the lives of the citizens.
“I urge all state governors to make judicious use of these increments in allocations in service of our people,” Bwala said.
The increased funds are seen as part of the broader goals of President Tinubu’s “Renewed Hope” agenda, a set of reforms aimed at fostering economic growth, national stability, and social development.
Bwala reassured Nigerians that this was just the beginning of the tangible benefits of the administration’s vision.
“The time to harvest the different gains of the Renewed Hope is nigh,” he added, encouraging citizens to continue believing in the government’s commitment to bring about impactful reforms.
For many Nigerians, the significant increase in allocations raises hopes for improvements in key sectors such as education, health, infrastructure, and security.
The call for prudent financial management by state governors comes at a time when the country is grappling with various economic challenges.
Governors now have an opportunity to use these funds wisely, ensuring that they reach the communities and citizens who need them the most.
In his message, Bwala stressed that this moment of increased allocation should be viewed not only as a financial victory but also as an opportunity for governance to make a real difference.
The administration’s renewed focus on fighting corruption and improving transparency has provided a platform for this unprecedented increase in revenue.
Bwala’s statement comes as President Tinubu’s government continues to push for reforms that aim to improve Nigeria’s economic stability and development trajectory.
Nigerians are now looking to their state governors to prove their ability to manage these funds responsibly, ensuring that they lead to lasting improvements in the lives of the citizens.
This increase in allocations is expected to stimulate development in various sectors, contributing to the country’s long-term growth and prosperity.
However, the pressure is now on the state governors to deliver on the promise of better governance and tangible improvements for their people.
Governors are now tasked with proving that the faith placed in them by the federal government is well-founded.
As Nigeria awaits the impact of these new allocations, the focus remains on how well state governments will manage this windfall to make a meaningful difference in the lives of ordinary citizens.
