Amidst the prevalent poverty rate in Nigeria, 36 states, including the FCT and 774 local governments received a total of N8.8 trillion as allocation from the Federal Accounts Allocation Committee (FAAC) from 2020 to 2021, a report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has shown.
The National Bureau of Statistics had, in its National Multidimensional Poverty Index report, disclosed that 133 million Nigerians are multi-dimensionally poor.
The NBS said 63 percent of Nigerians were poor due to a lack of access to health, education, living standards, employment, and security.
The NBS report showed Sokoto, Bayelsa, Gombe, Jigawa, and Plateau were the top five poorest states in 2022.
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They were closely followed by Yobe, Kebbi, Taraba, Ebonyi and Zamfara.
There have been reports of a lack of basic amenities and development projects at the state and local government levels.
An analysis of the Fiscal Allocation and Disbursements Audit (FASD) report of the NEITI showed that the revenue shared included income gross statutory allocations, value-added tax, and 13 percent derivation for mineral-producing states.
A breakdown of the report shows that in terms of geo-political zone allocations, the South-South received the highest allocation with N2.59 trillion, which represents 29.53 percent of the total revenue disbursed to states and local governments.
Read more: https://dailytrust.com/states-lgs-cry-for-development-despite-sharing-n8-8trn-in-2-years/
