Cynthia Egboboh
…Experts link rising poverty to governors’ spending priorities
Despite receiving a record N33.27 trillion from the Federation Account Allocation Committee (FAAC) in the first eleven months (January-November) of 2025, state governors still poured resources into politically eye-catching but less impactful projects while citizens remained trapped in abject poverty.
In 2024, states received a total disbursement of N25.46 trillion, which could also have lifted millions out of multi-dimensional poverty estimated at 63 percent.
Accor
…Experts link rising poverty to governors’ spending priorities
Despite receiving a record N33.27 trillion from the Federation Account Allocation Committee (FAAC) in the first eleven months (January-November) of 2025, state governors still poured resources into politically eye-catching but less impactful projects while citizens remained trapped in abject poverty.
In 2024, states received a total disbursement of N25.46 trillion, which could also have lifted millions out of multi-dimensional poverty estimated at 63 percent.
Accor
Source: Businessday.ng | Read the Full Story…
