The breakdown of the disbursement shows that the federal government received over ₦653 billion, state governments took ₦706 billion, and local councils were allocated ₦513 billion, with an additional ₦96 billion set aside for states benefiting from derivation revenue. Despite these substantial sums, there are growing accusations that many state administrations are failing to prioritize public welfare, instead channeling funds into excessive governance costs and non-essential expenditures.
Critics argue that the rising cost of governance, coupled with the depreciation of the national currency, has diminished the real value of these allocations. Even as more money flows into state coffers, the impact on infrastructure, social services, and economic conditions remains negligible. One representative highlighted the disconnect between increased revenue and tangible benefits, pointing out that inflation and currency devaluation have eroded purchasing power, leaving communities with little to show for the higher allocations.
Further criticism has been directed at state governors for allegedly disregarding constitutional provisions, particularly concerning local government autonomy. Accusations of financial strangulation at the grassroots level have surfaced, with claims that governors deliberately withhold funds meant for local administrations, undermining their ability to function independently. This behavior, described as predatory, has been condemned as a threat to democratic principles and a betrayal of public trust.
The situation has drawn sharp rebuke, with some labeling certain governors as economic predators who prioritize personal or political interests over developmental needs. Calls for stricter oversight and accountability mechanisms have intensified, urging lawmakers to intervene and ensure that funds are disbursed transparently and used effectively to address pressing societal challenges.
