…With post-subsidy revenues surging, scrutiny should shift from Abuja to the states
Nigerian’s political conversation still revolves around Abuja. When hospitals fail, roads collapse or schools deteriorate, public anger travels quickly to the Federal Government. Yet the fiscal reality has changed. The debate is now in the wrong capital.
Since the removal of fuel subsidy in 2023, allocations from the Federation Account Allocation Committee have surged. Across the country, state revenues from FAAC in 2024 are in many cases more than double 2023 levels. Lagos rose from about N329.69bn to N670.99bn. Delta increased from N580.6bn to N1.19tn. Akwa Ibom moved from N417.2bn to over N1tn. Similar jumps are visible in many smaller states.
