Ondo’s FAAC revenue rises 22% in nine months under Tinubu, Shettima says

Vice-President Kashim Shettima says Ondo State’s revenue from the Federation Account increased by more than 22 per cent in the first nine months of 2026 compared with the corresponding period in 2025, attributing the growth to President Bola Tinubu’s economic reforms.

Shettima said the reforms had strengthened the financial capacity of state governments, enabling them to invest more in infrastructure, agriculture, power, education and healthcare.

The Vice-President spoke on Wednesday at the All Progressives Congress (APC) presidential campaign rally at the Akure Township Stadium, Ondo State, where he represented Tinubu.

He said the increase in revenue demonstrated the benefits of the administration’s economic policies and cooperation between the Federal Government and state governments.

“Our promise to prioritise the welfare of Ondo State has been demonstrated through the increased revenue accruing to Ondo State. This has come with President Tinubu’s reforms.

“Even in the first nine months of this year, Ondo received over 22 per cent more from the Federation Account than it did in the same period last year,” he said.

Shettima commended Governor Lucky Aiyedatiwa for deploying the additional resources to development projects, citing interventions in rural roads, transportation, electricity, water supply and healthcare.

He disclosed that the Federal Government, in partnership with the Ondo State Government and development partners, had constructed, rehabilitated and maintained more than 386 kilometres of rural roads to improve access to farms and markets.

“We are aware that a cocoa farmer in Idanre knows how much of his earnings a bad road can swallow. We have worked with your governor and our partners to build, repair and maintain more than 386 kilometres of rural roads,” he said.