The Cross River State Government received only about 15 per cent of its statutory allocation from the Federation Account in March.
Figures released show that out of the state’s gross allocation of N2.22bn, only N34.9m was received by the state as N2.18bn was deducted to service debts incurred by previous administration.
A statement titled, “Cross River gets N34 Million from FAAC for March” said that this is coming after the state received a meager N170m in February.
It read, “For a second successive month, Cross River State’s allocation from Federal Allocation is in the negative.
“Figures just released shows that the state’s net statutory allocation for the month of March is N34,960,344.53.- Punch