The Delta State Governor, Dr. Ifeanyi Okowa, has disclosed that the state is finding it difficult to pay salaries due to the reduction in funds gotten from the Federal Allocation Accounts Committee ( FAAC).
Okowa, who revealed this to pressmen in Asaba, expressed displeasure over the reduction in funds received from the Federal Allocation Accounts Committee ( FAAC) in December, 2021.
He noted that the debt profile of the Federal Government has worsened the ability of the State Government to get needed loans.
While lamenting the downturn of Nigeria’s economy, Okowa charged for the Federal Government to find an economic plan to solve the dwindling fortunes of the country.
According to him, ” In this month, we are struggling to pay salaries. What we have is not even enough to pay salaries, I do not know about tomorrow but the revenue receipts we have been getting from FAAC is far from what we expect.”
He further noted that no explanation has been given by respective quarters as to why the allocation received by the state was reduced in comparison to the previous.
While hoping for a lasting solution to the importation of oil production through the completion of Dangote Refineries, he bemoaned the effect on the finances of the country.
“Considering the fact that the oil prices are fairly up but that has also come with its own challenge. The oil prices are up but, unfortunately, we are importing oil and petrol, so the gains from the oil prices is completely wiped out from the petroleum importation and that has continued to be a problem for us as a Nation,” he asserted.