Nigeria In One Minute
FAAC crisis: 14 governors can’t pay salaries
Some states’ inability to meet vital financial obligations without allocation from the Federal Government is becoming clearer by the day following the deadlock in the Federal Account Allocation Committee (FAAC) meeting.
As at today, not less than 14 states currently owe workers’ salaries for June, following delay in disbursement of funds from the centre.
The situation has also been made worse by poor internal revenue generation (IGR) mechanism and over-bloated civil service structure put in place by some of the governors.
New Telegraph’s survey across states revealed that while a few are up to date in salary payment from their IGR and possible surplus from federal allocation, some others resort to short-term loan facilities from banks to meet same obligation.
New Telegraph, July 9, 2018
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