Akwa Ibom, Delta, 12 others in dire straits, rely on FAAC to survive –Report

By Chinelo Obogo
Akwa Ibom, Bayelsa, Delta, Taraba are among the 14 states that would struggle to fund their 2023 budgets, pay salaries, pensions and gratuities without receiving funds from the Federal Account Allocation Committee (FAAC), a report has shown.
According to BudgIT, 14 out of  Nigeria’s 36 states rely on FAAC for at least 70 percent of their total revenue. For instance, the report shows Bayelsa’s  gross FAAC revenue for 2023 was N347,893,968,276.01 (Three hund