Don’t be fooled, states are not richer, by Dele Sobowale
Furthermore, debt-servicing costs have also escalated in the last three years, putting more strain on state government finances.
Price inflation, over the years, has eroded the value of the Naira, such that even N900,000 per month, paid to the Manager is not an improvement in real purchasing terms.
Most Nigerians are being fooled right now, as they often are, by the Federal Government; with regard to the monthly allocations to states.
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