Reframe the argument. It's subsidy NOT devaluation. States are receiving 1/2 their entitled allocation since FG sells dollars for half price
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@OoTheNigerian Question is where is inflation? States spend naira not $. Unless inflation has gone rampant they should not be too much pain
@AkinSawyerr States spend in Naira.
If allocation is $1Billion states are being given N200 Billion to share instead of N400 Billion.
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@OoTheNigerian Again I ask are allocations give in dollars? Salaries paid in dollars? State employees buying Garri or imported kellogs? -
@AkinSawyerr I'm trying to get your point o. Allocations are based on the Naira equivalent of dollars earned. - 12 more replies
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