Financial advisor and educator, Kalu Aja, has criticized the Bola Tinubu administration for directing subsidy savings straight into the Federation Account Allocation Committee (FAAC) for distribution.
In a post on X on Thursday, Aja argued that the savings should have been ring-fenced, clearly identified, and tied to specific projects to enable citizens to hold state and local governments accountable.
He wrote: “In my opinion, the Tinubu administration erred by simply channeling the subsidy savings into FAAC. The funds should have been ring-fenced, highlighted, and then distributed. That way, the government can point to tangible projects financed by those funds.”
Aja clarified that his suggestion does not call for the creation of a new fund or additional bureaucracy but rather for transparent tagging of the extra revenue from subsidy removal, so that grassroots citizens can monitor how governors and local government authorities use it.
About The Author
