The Tinubu Media Support Group (TMSG) is optimistic that all tiers of government will get more federal allocations than ever before in 2025 following the disbursement of N1.7 trillion for the month of January.
This, according to the group, is an affirmation of President Bola Tinubu’s position on the successful deployment of his administration’s economic policies
In a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, TMSG noted that Nigerians would be justified to demand more from their state governors this year.
It said: “The latest allocation of N1.703 trillion from the federation account to the three tiers of government comes on the back of a total gross revenue of N2.641 trillion in January.
“This disbursement is not only more than that of previous months. It also exceeded the January 2024 allocation of N1.149 trillion by more than N554 billion.
“It is also interesting to note that it is nearly one trillion naira more than what all the three tiers of government shared in January 2023.
“We make bold to say that all these are a direct consequence of the policies of the President Bola Tinubu administration, which have caused an increase in revenue.
“Anyone in doubt should take a second look at the country’s monthly revenue since May 2023, which has constantly recorded quantum leaps over what the Tinubu administration inherited.
“In addition, monthly reports from the Federation Account Allocation Committee (FAAC) also showed regular increases in Value Added Tax (VAT) Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Excise Duty, Import Duty, and Common External Tariff (CET) levies.
“And now that the country is on the verge of amending its tax laws with more focus on expanding the tax net than burdening the people with additional taxes, we are convinced that all tiers of government would continually get more federal allocations.”
TMSG, however, expects Nigeria’s to demand fiscal responsibility from the sub-nationals with the increase in allocations.
“We do not think that it is too much for the citizenry to ask questions from their leaders on how the nation’s resources are managed at the federal level. But with more funds going to the subnationals than ever before, the onus is on Nigerians to pay more attention to how states and local government authorities spend their legitimate money.
“For us, this is the time to demand good governance, probity, transparency and accountability in the use of public funds now that the local governments have financial autonomy.
“We also look forward to a situation where many of the subnational governments will use public funds to boost their revenue generating capacity so that they will depend less on federal allocations,” it added.
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