FG, states, LGs share N2.09tn October revenue

Another month, another FAAC sharing formula and this time, the Federal Government, states, and LGs walked away with N2.094tn, slightly lower than September’s figure. But the real issue isn’t the N9bn drop it’s the dependence. With over 30 states relying on FAAC for 80% of their revenue, the country’s fiscal structure looks...