Oyo State recently received ₦50 billion from the Federal Government, sparking intense public scrutiny after it emerged that only ₦4.5 billion was approved for the victims of the Bodija explosion.
Citizens and observers are questioning the whereabouts of the remaining ₦45.5 billion, urging transparency and accountability in the allocation of such a massive sum. Concerns have been raised over the apparent lack of proper supervision by the Ministry of Finance, which some say should have ensured that the funds were strictly directed toward relief and compensation for affected residents.
Critics have also highlighted potential conflicts of interest, pointing out that Governor Seyi Makinde’s presidential ambitions could be influencing the management of public resources. They argue that taxpayer money intended for vulnerable citizens should not be diverted toward political pursuits.
Experts and concerned Nigerians are calling for stringent fiscal discipline, including:
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Ring-fencing funds for designated purposes
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Linking disbursements to clearly defined projects
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Releasing money only upon verified milestones
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Subjecting all spending to independent monitoring and audit
Any deviation from these principles, they warn, risks financial recklessness and a betrayal of public trust. The situation has reignited debates about transparency, accountability, and responsible governance in Nigeria.
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