Quote from KayodeK on May 13, 2026, 8:39 am

Imo State Governor Hope Uzodimma has lauded the fiscal policies of the federal government, noting that reforms have pushed the monthly Federation Account Allocation Committee (FAAC) distribution to a record N2.6 trillion. Speaking to reporters, the Governor highlighted that this increase in revenue has allowed state governments to embark on more ambitious infrastructure and social welfare projects.

The Governor also pointed to the rise in foreign reserves, which have reportedly touched $49.4 billion as of May 2026. He attributed this growth to the administration’s aggressive drive for foreign investment and the stabilization of the oil and gas sector. The improved fiscal position is being seen as a “new dawn” for state-level governance in Nigeria.

Uzodimma emphasized that with more funds available, states have no excuse for failing to deliver on their mandates to the citizens. He called for transparency in how the increased allocations are utilized, particularly in the areas of healthcare, education, and rural development. The Governor noted that the current administration’s focus on “economic pragmatism” is beginning to bear fruit.

Critics, however, warn that higher allocations must be matched by responsible spending and debt management at the state level. While the numbers are impressive, the impact on the “common man” remains the ultimate yardstick for success. The Governor’s remarks come amid ongoing discussions about a new national minimum wage and the financial sustainability of local government areas.

https://guardian.ng/news/uzodimma-says-tinubus-reform-pushed-faac-allocation-to-n2-6tr-monthly/