FAAC disbursements plus IGR can’t fund 28 states’ 2019 budget – NEITI
NEITI in its latest Quarterly Review released on Sunday in Abuja also noted that total state revenues in 2017 and 2018 cannot fund 2019 budgets of 28 states.A summary of the review signed by NEITI spokesman, Dr Orji Ogbonnaya Orji, said: “There is no state whose net FAAC disbursements in either 2017 or 2018 can adequately finance their budgets for 2019, Net disbursements to states in 2017 as a percentage of the 2019 budgets ranged between 2.25 percent and 43.1 percent .
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