States depend on printed money from CBN to survive – Senior Lawyer, Agbakoba

A Senior Advocate of Nigeria, Olisa Agbakoba, has decried the dependence of states on monthly allocation for survival.

Speaking in an interview on Politics Today, a programme on Channels Television monitored by DAILY POST on Friday, Agbakoba urged various states of the federation to be self-reliant.

“If you want to have economic prosperity, involve more of the political leaders in the process. We have 774 Local Government chairmen and 36 governors who are idle.

”Other states are bankrupt, except maybe Rivers and Lagos; they depend on printed money from the Central Bank of Nigeria, CBN.

“They are absolutely fiscally deficit, and they can’t function. They have to come to Abuja every month to collect printed money to pay civil servants,” he said.