The picture is becoming clearer: 25 of the 36 states of the federation are in dire straits with their Internally Generated Revenue (IGR) and this is being blamed on the slow-down in the nation’s revenue base and security concerns in others.
And the immediate fallout is that workers across the federation are languishing in penury due to unpaid salaries running into months as the first quarter of the year draws to a close.
This is coming against the backdrop of the call for a second round of bailout by state governors in the wake of low allocations from the federation account occasioned by falling oil prices
Meanwhile, as Vice President Yemi Osinbajo has assured investors of bright and robust economy ahead.
Applauding the investors for there resilience despite the hash economy, the Vice President said though there are challenges, better years are ahead. Read more