Northern States are gradually losing significant portion of their shares of FAAC allocation, which is undoubtedly the biggest source of their revenue. From Local Government Funds, Fiscal Reform Bills, to dividends from the NLNG shares of NNPC and today, the National Lottery. All these were part of the pool that makes up the monthly national cake distribution known as Federal Accounts and Allocation Committee. These developments are not surprising to any student of development. We all saw it coming.
