Reports
Fact Check: Ekiti Has Not Received ₦1 Trillion Under Tinubu
… FAAC Data Shows ₦280bn Instead
By Joseph Sunday
Claims that Ekiti State has received over ₦1 trillion from President Bola Tinubu’s administration have spread across social media in recent weeks. But a review of federal allocation data and public statements shows no evidence to support that figure.
From June 2023 to April 2026, FAAC records indicate Ekiti’s cumulative allocation is closer to ₦280 billion, far below the trillion-naira figure being circulated.
Governor Biodun Oyebanji has acknowledged improved federal support under Tinubu, but neither FAAC documents nor official statements back the ₦1 trillion claim.
How much has Ekiti actually received since May 2023? – Tinubu was sworn in on May 29, 2023. From June 2023 to April 2026, there have been about 35 Federal Account Allocation Committee, FAAC, disbursement cycles.
FAAC reports are published monthly by the Office of the Accountant General of the Federation. Historically, Ekiti’s net allocation has fluctuated between ₦1.3 billion and ₦4.1 billion per month, depending on deductions, VAT, and oil revenue swings.
Even using a generous estimate of ₦8 billion monthly due to improved oil revenue and FX gains under the current administration, 35 months × ₦8 billion = ₦280 billion. That is well below the ₦1 trillion figure being circulated.
There is no FAAC document, Office of The Accountant General of The Federation (OAGF) release, or National Bureau of Statistics bulletin that lists a cumulative ₦1 trillion disbursement to Ekiti since June 2023.
What Governor Oyebanji actually said:
Governor Biodun Oyebanji addressed federal support in October 2025. He told stakeholders: “For once, in our history, Mr. President has given to us more than our fair share of the federation allocation.” He credited increased inflows for allowing the state to fund projects without taking loans.
He did not cite a ₦1 trillion total. His remarks point to a relative improvement in allocations compared to past years, not a specific cumulative amount.
Federal support Ekiti has documented under Tinubu – While the ₦1 trillion claim is unsupported, Ekiti has received several targeted federal interventions since 2023:
Renewed Hope Initiative programs:
₦50 million for elderly support grants, ₦50 million for persons with disabilities, and business tools distributed to 500 women across the state.
Infrastructure approvals:
The Federal Government approved the Itawure–Aramoko–Ado Ekiti and Aramoko–Ijero–Ifaki roads for the 2026 budget.
One of the projects carries a valuation of ₦153 billion. These are capital project costs, not direct FAAC transfers to the state’s account.
Oil revenue reforms:
A 2025 Executive Order on oil sector operations is projected to raise total Federation Account inflows by about ₦14.57 trillion nationwide. That figure is shared among the Federal Government, 36 states, and 774 LGAs, not allocated to Ekiti alone.
Where did the ₦1 trillion claim come from? – The phrase “After God, it’s Tinubu” has appeared in posts discussing Ekiti’s dependence on federal support. Those posts often reference Oyebanji’s “more than our fair share” comment. However, none of the posts or speeches provide a ₦1 trillion figure or cite FAAC data.
Bottom line:
Allocations to Ekiti have increased under President Tinubu, and the governor has publicly acknowledged that. But claims of “over ₦1 trillion” are not backed by FAAC data or any official statement. Based on available monthly ranges, the cumulative figure so far is more likely in the hundreds of billions.
Meanwhile records of federal allocations to States and the FCT in Abuja on the website of the Office of The Accountant General of The Federation (OAGF) stopped in December, 2025. The OAGF is yet to update its records on the website with the details of the allocations for the year 2026 starting from January to March.