A
abujagirl
Guest
Despite receiving the largest monthly allocation from the federal government, Akwa Ibom state is currently broke and may not be able to pay contractors for new projects. THE SUN has this story.
Akwa Ibom State Government has said it may not be able to pay contractors for new projects because the projected revenue of over N400 billion expected by the state has not been realised.
The state Commissioner for Information and Communications, Mr. Aniekan Umanah, made the observation in reaction to the Federal Account Allocation Committee (FAAC) mid-year publication which showed that the state earned the highest revenue of N135.84 billion between January and June this year while Osun earned the least with N19.61 billion.
While debunking the claim that the state was the highest revenue earner in the country, Umanah said no state in the country earned up to one per cent of the revenue of the country.
Click here to read more
SOURCE: #TheSun
#AkwaIbom
Akwa Ibom State Government has said it may not be able to pay contractors for new projects because the projected revenue of over N400 billion expected by the state has not been realised.
The state Commissioner for Information and Communications, Mr. Aniekan Umanah, made the observation in reaction to the Federal Account Allocation Committee (FAAC) mid-year publication which showed that the state earned the highest revenue of N135.84 billion between January and June this year while Osun earned the least with N19.61 billion.
While debunking the claim that the state was the highest revenue earner in the country, Umanah said no state in the country earned up to one per cent of the revenue of the country.
Click here to read more
SOURCE: #TheSun
#AkwaIbom
