When Aides Become An Embarrassment To Governance: The Case Of Abia’s Financial Illiteracy
By Obinna Oriaku The Deputy Speaker was absolutely right when he stated that Abia State receives about ₦38 billion monthly, according to the state’s own Quarter 2, 2025 Budget Performance Report. The report, published by the Abia State Government, provides undeniable evidence that exposes the ignorance of certain government aides who struggle to grasp even the most basic principles of public finance. The confusion stems from a fundamental lack of understanding between FAAC receipts and total revenue. The Federation Account Allocation Committee (FAAC) disbursement represents only funds shared from the federation account. However, total revenue goes beyond FAAC, it includes…
