The recurrent deterioration of the financial crisis that repeatedly hits the already economically struggling state governments in Nigeria, and which further exhausts their rapidly depleting finances hence affects their ability to meet their most basic financial obligations i.e. workers’ monthly salaries, represents the predictable and indeed inevitable consequence of their overreliance on the federal government, and also their failure to build sustainable economies that will sustain their respective states with or without the monthly statutory revenue allocations they receive from the federal government. It also further highlights some of the serious economic implications of the successive federal governments’ failure to diversify the economy and liberate it from the mercy of crude oil price fluctuations in international markets. Besides, as the prices continue to show no sign of significant improvement anytime soon, Nigeria’s revenue from crude oil sales would continue to decline leaving the country with little or no control […]