According to a report by an online publication, Economic Confidential, Osun state appears to be the worst hit by the development and ranks number one, as its allocation for the month of April 2016 at N2.030 billion was quaffed by a deduction of N2.391 billion.
Thus, the state is left with a deficit of N361 million to be paid in the subsequent months by the state.This represents a staggering 117.8 percent of the total allocation due the state from the federation account.
The implication of this for the state is that it had nothing to take home for the month of April, 2016, as other means of survival had to be adopted to keep the ship sailing for the people of Osun State.
Also, Bayelsa state, was affected in the deduction conundrum, with a total deduction of N3.207 billion out of an allocation of N4.812 billion for the month of April, 2016 representing 66.66 percent of the total allocation.
Other states affected include: Cross River state with a total deduction of N1.405 billion, Ogun state, N1.185 billion, Plateau State, N1.248 billion and Ekiti State with N1.067 billion all representing 63.46 percent, 57.20 percent, 56.52 percent and 55.33 percent respectively within the period under review.
From the report, not less than N3.078 billion of the total amount was deducted for bail-out funds granted the states by the Federal Government. At least eight states had no deductions on bail-out funds for the month of April 2016.
The states: Akwa Ibom, Anambra, Jigawa, Kogi, Lagos, Rivers, Yobe and the Federal Capital Territory did not collect the bail-out funds from the federal government or appropriate time for the deduction have not fallen due and are yet to commence.
