₦airaland Forum

ibabz:
https://businessday.ng/life/article/despite-record-faac-windfalls-states-sink-deeper-into-debt-poverty-worsens/

Do you need more evidence?

ibabz:
https://businessday.ng/life/article/despite-record-faac-windfalls-states-sink-deeper-into-debt-poverty-worsens/

Do you need more evidence?

ibabz:
Pls compare the debt profile of those states during Jonathan, Buhari and Tinubu. Perhaps you may understand why it seems they can when in actual fact they are borrowing to pay salaries.

ibabz:
One of the “big wins” constantly advertised by this administration is that state governments now receive more allocation than ever before. And somehow, whenever anyone asks a simple question about accountability, like what exactly all these loans have achieved in the lives of citizens, the conversation magically shifts.

Suddenly, it’s no longer about federal responsibility. It becomes: “But states are getting more money now!”

We are told, repeatedly, that allocations have “increased.” But this has quietly become one of the most misleading narratives in recent times.

Yes, allocations in naira have increased.
But when you factor in inflation and the collapse of the exchange rate, states are actually receiving far less value than before.

So the real question is simple:
Has state allocation truly increased or does it just look that way on paper?

Let’s step away from emotions and look at the numbers.

2014 (Before the decline began)
Average monthly FAAC: ₦600 – ₦700 billion
Exchange rate: ₦165/$1
Dollar value: $3.6 – $4.2 billion per month

2022 (Before the current administration)
Average monthly FAAC: ₦700 – ₦800 billion
Exchange rate: ₦430/$1
Dollar value: $1.6 – $1.9 billion per month

2025 (Current reality)
Average monthly FAAC: ₦1.1 – ₦1.3 trillion
Exchange rate: ₦1,500/$1
Dollar value: $730 – $860 million per month

At first glance, the naira figures look impressive. Trillions instead of billions, it sounds like massive growth.

But in real terms, the value has collapsed.

So when it is said that “allocations have increased,” it is technically correct but economically misleading.

This is a simple arithmetic: while FAAC has increased in naira terms, its real value has dropped by over 75–80% since 2014.

Meanwhile:
Government borrowing is at unprecedented levels
States are receiving less real value than ever
The cost of governance has risen sharply

And yet, one uncomfortable question remains:

Why are state governors not speaking up about this reality?

Are they unable to see the difference, or is there something else at play?

To make matters worse, while allocations have lost value, the burden on citizens has increased. The minimum wage, for instance, has effectively dropped from over $100 in 2014 to barely $40 in 2026.

Where exactly has all the borrowed money gone after three years without even a single block of classroom to point to?

And those “savings” from subsidy removal, where exactly are they hiding? Because from everything we can see and verify, they’re clearly not with the state governments… and definitely not reflected in the lives of ordinary citizens.

These are the questions many Nigerians are still waiting to have answered.

Iree o!

nedekid:
Meennn, I saw the video of where Vdm explained all what blord did, I was in shock, can someone really be that stupid, someone despite his young age said to be that rich atleast he must have sense and life experiences to have achieved all he has, but alas it does it seem so.
Could it be that blord is not educated or his money drove him crazy to expose him like this? Anyway, aside this prosecution, I see Vdm still bringing up civil suit where blord will be compelled to pay millions in damages.

SisterAnn:
Can you tell me one single thing wrong in that statement?

SisterAnn:
He will be but you won't live to see it.

Validated:
Tinubu is just distracting us. All these shenanigans no reach Abacha own. Tinubu must face opposition led by Peter "Okwute' Obi. By 2.0pm, results will be overwhelming that he will be peeing in hid pants.

As for INEC and judiciary, we are not just watching, the people have not got your time.
We all thought Amupitan was better than Mahmoud, not knowing this one is worse.

Whether APC likes or not, even with 36 governors and FCT, we are waiting for them at the ballot box. It is either they want to end the democracy, let everyone return to their work or they leave.

Kpongolo:
Parachoko the

Urch---i ,n you know how e be me and you during the drug sniffing election abi ?

MajorOvakporaye:
Bola Tinubu is nothing but a shameless coward. You claim to have performed greatly, yet you're trying to suffocate opposition by every means possible. If the useless idiot called Bola Ahmed Tinubu is confident about his achievements, why not allow the people to judge you whether you're fit or not? No, the stupid man wants to impose himself on millions of people after his shameful performance so far.

parags:
Should a legislator even be doing projects in the first place ? .

IbnB:
The fat pooch is not even from Lagos State, na Calabar guy im be o

ogolemati:
instead of them to chase the criminal agbero chairman that grabbed snatched and ran away with their power.they are calling Trump to come do what .to come chase the criminal

1nice:
Dey play
APC now have two factions.
Tinubu have stepped on the fingers that feed him resulting in the consequences of two APC factions.

ogolemati:
I forgot you are not using your B.

Sheuns:
Someone will sue the Lagos state government one day.

All these locking up of buildings by agencies. I just hope it’s backed by law.

ogolemati:
I see you buying fuel 2500 and paying more taxes to agbero chairman if he comes back 2027

1nice:
A fresh wave of tension has rocked Nigeria’s ruling party as a factional chairman within the All Progressives Congress (APC) has openly rejected a proposed peace agreement reportedly backed by President Bola Ahmed Tinubu and key members of his family.

According to sources close to the situation, the peace deal was aimed at resolving lingering internal disputes that have divided party stakeholders across several states. The agreement, believed to have been facilitated through quiet consultations involving influential figures within the president’s inner circle, was expected to restore unity ahead of upcoming political activities.

However, in a surprising turn, the factional chairman dismissed the arrangement, describing it as “one-sided and lacking genuine reconciliation.” He insisted that the concerns of his faction were not adequately addressed, adding that true peace cannot be achieved without fairness, inclusion, and respect for internal party democracy.

“The attempt to impose a settlement without proper dialogue only deepens the crisis,” he stated. “We remain open to peace, but not at the expense of justice.”

Political observers say this development could further complicate efforts by Bola Ahmed Tinubu to consolidate control within the APC, especially as internal divisions continue to threaten party cohesion.

Members of the president’s camp have yet to issue an official response, but insiders suggest that fresh negotiations may be underway to prevent the situation from escalating.

As the standoff continues, party loyalists and analysts alike are watching closely, warning that unresolved internal conflicts could weaken the APC’s strategic position in future elections.

Despite the tension, there are still hopes among stakeholders that dialogue and compromise may eventually prevail, preserving unity within the party.

Bentacur007:
32 governors still not comfortable

Eriokanmi:
. I thought they were looking for structures in 2023, come 2027, they'd see the largest structure in Nigeria's history

Shawarmagirl:
I will resign if Yahaya Belo is not persecuted and go to jail. Has the so called EFCC Chairman resigned? All of you in APC knows how to talk with bold mouth but full of emptiness.

Omooba77:
This is the notification of resignation Hon Nafiu Bala, Deputy National Chairman of ADC received and stamped by INEC back then in October.

https://x.com/i/status/2039465951402316166