Increased federal allocations have not improved Nigerians’ purchasing power - Analyst Odok

A university lecturer and political analyst, Dr Joseph Odok, has questioned the impact of increased allocations from the Federation Account Allocation Committee, FAAC, to state governments, saying the rise in revenue has not translated into improved purchasing power for Nigerians. Odok said in his social media post that the increase in allocations and salaries had not necessarily improved living conditions, arguing that the purchasing power of workers had declined despite higher nominal earnings. In a commentary, the lecturer recalled that he could comfortably fuel and maintain his car when he was a Lecturer II, but said the current economic situation had made it difficult for some profes...