Nigeria: Okonjo-Iweala - Shortfall in Federal Allocation to State Govts Not Political

11 December 2013

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has explained that the dwindling revenue to state governments from federation account is not in any way political, but is sequel to the reduction in revenue accruable to the federal government.

She declared that despite the shortfall, the federal government had distributed monies from the Excess Crude Account (ECA) to state governments and paid salaries of workers, adding that it was unreasonable to read political meanings to allocation of federal resources.

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