In an interview with Channels TV, Falana said before the removal of fuel subsidy in April last year, the amount shared by the Federal Account Allocation Committee (FAAC) to the three tiers of government (federal, state, and local) was N655 billion, but in July, after the removal, it increased to 1.9 trillion naira. He said in July, the government decided to keep 900 billion and shared 1 trillion naira. He said in December, the shared amount was 1.7 trillion naira. Falana argued that since the government has been gaining extra funds, the public should also enjoy the promised advantages of removing the subsidy CONTINUE FULL READING>>>>>
In Falana’s words: “In April before fuel subsidy removal FAAC shared ₦655 billion, in July ₦1.9 trillion was to be shared. But the federal government and the state government in their wisdom felt they should keep 900 billion and share 1 trillion naira. In December, the amount shared was 1.7 trillion naira. So if at the end of the day, the government of the federation and I am talking of the 3 tiers of government, is smiling to the bank with between 500 and 1 trillion naira additional funds, members of the public are entitled to the benefit of the removal (of fuel subsidy) because that was the promise” CONTINUE FULL READING>>>>>
