The Kwara State Commissioner for Finance, Mr Demola Banu, has warned of an impending financial crisis in many states of the federation over late release of federal allocation by the Federal Government.

Speaking with journalists in Ilorin, the commissioner said the late release of federal allocation accruable to the state had caused delay in the payment of workers in the state.

The commissioner, who thus called for pragmatic approach among the states of the federation on their Internally Generated Revenue (IGR)

to bail themselves out and meet their financial obligations, added that recent crash in the price of oil in the world market, affected the delay in the transfer of federal allocation to the states of the federation.

"Governor Abdulfatah Ahmed is very much concerned about the welfare of Kwara workers. Workers will be paid before the end of the month. What caused delay in the payment of workers' salary is the late transfer of allocation from the federation account. We usually hold FAAC meeting between the 12th and 13th of every month, but we held this one between 18th and 19th. We just received it today (Thursday). We largely depend on what we get from the federal allocation and we are even 33rd on the allocation ladder among other states of the federation. It is almost impossible to pay workers' salary without allocation," he said.