A new report by civic-tech organisation, BudgIT, has revealed that 32 out of Nigeria’s 36 states relied on allocations from the Federation Account Allocation Committee for at least 55 per cent of their total revenue in 2023.
The report highlights the over-dependence of many states on federal transfers, which makes them vulnerable to external shocks, particularly those linked to oil revenue and federal disbursements.
BudgIT’s 2024 State of…
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