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FG Deduct N78bn from Allocations Made to States

today05/03/2023 11

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The Federal Government deducted over N78bn from allocations made to the states for external debt servicing.

According to data from the Federation Account Allocation Committee Disbursement, the deductions were made in 2022 from the allocations given to state governments from the Federation Account.

At least N4.27bn, N2.74bn, N2.62bn and N2.15bn were deducted from Oyo, Rivers, Ogun and Edo states respectively.

Written by: Helen Obih

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