​Mounting pressure on the states
The total monthly payout by the Federation Account Allocation Committee (FAAC) to the three tiers of government in December (from November revenues) slumped to N370bn (US$1.86bn) from N474bn the previous month. We wonder how the majority of state governments are managing. In total, their payout amounted to N101bn (before charges) in December plus a further N26bn for the nine oil-producing states from the 13% derivation formula. In 2013 their total spend was N4.11trn including N880bn on personnel alone.
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