According to him, the Federal Allocation Account Committee (FAAC), which allots federal revenue to the states, is the source of this funding. He claimed that the reason the governors have not protested the elimination of the fuel subsidy is because the amount of money they receive from the FAAC has increased.
In Yusuf’s words: “We have seen the allocation where they are going to spend over 96 million naira for a borehole, this is not a joke. The governors are awash with money, removal of this fuel subsidy means they get more money allocated to them during FAAC. That is why you will never hear any of these governors objecting to the removal of fuel subsidy”CONTINUE FULL READING>>>>>