10th Floor, Reinsurance Building, 46 Marina, Lagos.


 FAAC allocation declines by 30%, states’ finances may worsen.

FAAC allocation declines by 30%, states’ finances may worsen.

Revenue allocation to federal, state and local governments has declined from a peak of N970.57bn in July 2021 to N680.783bn in May 2022, representing a 30 per cent reduction over the period.

The decrease in allocation to these levels of government reveals the fiscal challenges facing various levels of government in Africa’s biggest economy.

https://punchng.com/faac-allocation-declines-by-30-states-finances-may-worsen/?amp

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