FG, states, LGs share N8trn in 8 months

• Citizens should ask questions about how govts spend money – Economic experts

In spite of the unprecedented hardship in the country occasioned by high inflation, incredibly high cost of living owing to prices of virtually every commodity that have risen astronomically in the past few months, the federal government, 36 states and 774 local governments in the country shared over N8 trillion between June 2023 and January 2024, according to documents obtained from the Office of the Accountant-General of the Federation.

A food seller at Ogba in Lagos, Lizzy Umoren, could not hide her frustration when customers complained that the food, she sold to them was too small for the amount they paid.

According to her, “It is not about me, but about what I bought in the market. I don’t want to reduce the quality of my food; otherwise, it would have just been quantity. I bought one Derica of white garri for N2,000 and one Derica of yellow garri for N3,000. By this time last year, a Derica of white garri was not more than N800 and yellow garri for N1,400. A bag of rice is now N86,000.”

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