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 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.
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@OoTheNigerian Ok I get. I was thinking budget rather than oil allocations. My bad. But oddly enough the policy would stem inflation -
@AkinSawyerr How does the discrepancy help? Who does it help? - 10 more replies
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