President Bola Ahmed Tinubu has expressed delight over the improved financial health of Nigerian states, noting that they no longer face difficulties in meeting salary obligations to workers.
The President made the remark during a high-level meeting with Governors at the State House, where discussions focused on economic reforms, fiscal responsibility, and the impact of the Federation Account Allocation Committee (FAAC) disbursements.
“I am happy that states no longer struggle to pay salaries,” President Tinubu stated. “This is a direct result of the bold reforms we have implemented. Our economy is healing, and the benefits are reaching the grassroots. Workers deserve timely and regular payments, and we are committed to sustaining this progress.
The President commended the state governors for prudent financial management and urged them to continue prioritizing infrastructure development, healthcare, and education using the increased allocations from the federal government.
This positive development is attributed to the administration’s economic policies, including the removal of fuel subsidies, unification of exchange rates, and enhanced revenue generation through the Nigeria Revenue Service, which have significantly boosted FAAC distributions to states and local governments.
Several governors present at the meeting echoed the President’s sentiments, highlighting improved internally generated revenue (IGR) and better fiscal autonomy for their states.