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Enhanced FAAC allocation: Govs ‘ve no reasons not to perform optimally with huge revenue — APC chieftain

…Urges Nigerians to hold governors accountable

 

CYRIL MBAH, Abuja

A foundation member of the All Progressives Congress (APC), Mr. Osita Okechukwu has called on Nigerians to collectively hold their leaders, especially governors, accountable by demanding more from them because state chief executives are the greatest beneficiaries from the removal of fuel subsidy.

“In my own recalibration of events, the subnationals – State and LGAs are the greatest beneficiaries of the Removal of Fuel Subsidy, Okechukwu said in a statement issued on Tuesday.

He called on every progressive patriot to hearken to Professor Nentawe Yilwatda’s golden advice for Nigerians to hold their leaders accountable.

“As estimated fuel subsidy expenditure records are interalia:- 2010-N667 billion, 2011-N2,11 trillion, 2012-N1.36 trillion, 2013-N1.32 trillion, 2014-N1.22 trillion, 2015-N654 billion, 2016-N240 billion, 2017-N154 billion, 2018-N1.9 trillion, 2019-N508 billion, 2020-N864 billion, 2021-N1.43 trillion, 2022-N4.39 trillion, 2023-N3.6 trillion.” Source – NEITI, IMF, the former VON director general disclosed.

Okechukwu submitted that the call for accountability was timely as many citizens still wallow in multi-dimensional poverty, local insecurity and state infrastructure deficit; despite unprecedented increases in the Federal Allocation Accounts Committee (FAAC), which was hitherto devoted to funding fuel subsidy.

He called for a change in the mindset of the people, where the blame are heaped only on the Federal Government, as if the Federal Revenue is only in the hand of the President.

Accordingly, Okechukwu stated that Yilwatda’s appeal should remind Nigerians that accountability must cascade downwards, as President Bola Ahmed Tinubu, GCFR, has demonstrated a visible commitment to national renewal through reforms in energy and huge security funding.

“My candid appeal is for Nigerians to adhere to Professor Yilwatda’s advice as a challenge to rededicate themselves to development by asking mostly APC’s Governors to sit up, especially now that we have an outstanding majority of governors,” he concluded.

 

For a better society

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