Allocations can’t guarantee prosperity for states —Oyedele

By Emma Ujah, Abuja Bureau Chief & Emmanuel IheakaThe Minister of Finance and Coordinating Minister of the Economy, Prof. Taiwo Oyedele, has said federal allocations alone cannot guarantee prosperity for states, urging them to develop sustainable sources of revenue and drive economic growth.
He also said Nigeria recorded estimated savings of N15.8 trillion from the removal of fuel subsidy and the liberalisation of the foreign exchange market between June 2023 and December 2025, but insisted