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However, with the damage done to the national economy and its impact on sub-nationals in recent times, this issue has taken on dangerous dimensions.
Once NNPC goes into default and liquidity, it affects every borrowing done by the country, even the sub-nationals.
Source: https://newmail-ng.com/dangote-ph-refineries-others-wont-change-fuel-price-nnpcl/
“The federal government should get less allocation than the states because the sub-nationals have a lot to do,” he said.
Source: https://punchng.com/states-lgs-meet-rmafc-demand-higher-revenue-allocation/