It is noteworthy that for the most part of the last two decades, most Nigerian States have become overly dependent on the statutory allocations from the Federal Government. As far as financial sustainability is concerned, many of these States have become seemingly complacent, with a good number of them barely generating even 20% of the figures of their allocations from the FAAC in internally generated revenue (IGR) figures. This trend has become more saddening in recent times especially because the narrative has been changing in a few quarters as more State governments have now started looking inwards.
With Nigeria’s presidential elections just two days away, permutations of varying degrees are ongoing in a bid to predict our nation’s incoming president. This is especially because winning the coveted presidential seat requires gaining the highest number of votes cast and clinching at least 25% of votes cast in at least 24 of Nigeria’s 36 states. The electorate could just wait for the results of the election, but it is a known fact that the perception by both the local and international community of the election results will affect the president’s influence.
