Naira stability will halt the federation allocation windfall that has been enjoyed by federal and state governments in the last nine years, threatening their revenues and projections.
The federal government and its component units have, since the liberalisation of the foreign exchange market, saw a rise in their monthly disbursed allocation due to exchange rate differentials.
But the reduced volatility of the naira means the largesse seen from FX is gone and may pile pressure on the governments’ fiscal health.
The Federation Account Al
