FAAC bonanza: Govs face questions as payouts hit N47tn

The Punch | 24-08-2026 02:12am |

Nigerian governors are facing increasing scrutiny over the allocation of N47 trillion in federal allocations (FAAC) since the removal of fuel subsidies. The surge in payouts has raised questions about transparency and the impact on public services. Analysts are calling for greater accountability in the use of these funds. The government has yet to issue a comprehensive response.

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