Tag: 26 States

  • Revenue Windfall Fails To Free 26 States From FAAC Dependence

    Revenue Windfall Fails To Free 26 States From FAAC Dependence

    —

    by

    Starnews NG
    in

    By Opeyemi Adelakun Nigeria’s post-subsidy revenue boom has yet to translate into meaningful fiscal independence for most state governments, with 26 of the 34 states reviewed in a new BudgIT analysis unable to generate enough internally to meet their personnel costs in 2025. The finding exposes a paradox at the heart of Nigeria’s ongoing economic…