Oyebode, who spoke on Arise News on Tuesday, is also the Commissioner for Finance for the Ekiti State Government. He said, “In monetary terms, this is not even a significant increase to the federation account. It’s a single-digit impact in terms of growth on the federation account. It’s about doing what is proper,” he said, adding that public debate should focus on “safeguarding federation revenues”. Oyebode rejected the claim that states were being “given” money by the Federal Government, saying revenues in the Federation Account belonged to the federation and must be shared under the constitutionally prescribed distributable pool.

Source: Punch February 25, 2026 03:51 UTC