Economy
REVEALED: How Deductions Impoverish States in Nigeria Despite Huge Allocation
By Olabode Abolaji
Below is the Federal Account Allocation Committee (FAAC) allocation distribution to all the 36 States from January – March 2017.
Akwa Ibom State and Bayelsa State got the highest with N34.88 Billion and N22.97 Billion respectively.
The Figure obtained from @BudgITng reveals that Lagos and Osun States have the highest state with deductions from loans acquired from different sources which is deducted before the allocation is released to the states.
And this is the reason while states especially those of the ruling All Progressives Congress with some added advantage battle with the payment of salaries and other entitlements in their respective states.
Below is the graphical representation of the figures as released by the Budget Office of the Federation under the Ministry of Finance.
-
News5 days agoOsun Amotekun Corps To Hold Passing Out Parade For New Recruits Friday
-
Crime5 days agoBus Driver Remanded In Prison For Allegedly Killing UNIOSUN Students
-
Religion4 days agoHardship: Stick To One Wife – Emir Advises Muslim Men
-
News5 days agoTinubu Appoints Governing Councils For Varsities