Nigeria's state governors are waking up to the reality of being self-sufficient. As recently as 2015, we saw 23 out of the 36 state governors owe their workers salaries. And in one embarrassing incident, one of the governors replied to workers on strike, saying, "a man cannot give what he does not have".
Others have echoed the same sentiment—that the revenue problems of their states are beyond them.
These days things are changing. Even though it is still gradual, state governors are getting uncomfortable when they cannot pay their staff in full, as they should be. And some are trying to restructure their revenue so that it becomes more predictable.
Yesterday, Stears Business analysed how state governments rely on the Federation Account Allocation Committee (FAAC), which comes from the federal government, for most of their income. The National Bureau of Statistics (NBS) shows that FAAC has provided over 60% of