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Governors Ask Review Revenue Sharing Formula - Politics (2) - Nairaland

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Re: Governors Ask Review Revenue Sharing Formula by Nobody: 8:41am On Apr 29, 2016
I do not have confidence in what any Nigerian governor can do,their recklessness in the area of finance is alarming,they are self centered that the masses that voted for them are the last in their scale of consideration.Few months ago bail out funds were given to them and now most of them cannot account for it,most of them diverted it to personal purposes hence now they are coming with new wicked and absurd proposal.Nigerians should rise up and resist them,record shows that in the past monies have been shared and they were not judiciously utilized by these class of politicians,so let the present sharing formula be maintained for lack of trust.PMB please the masses are looking up to you not these ones we can no longer trust them.
Re: Governors Ask Review Revenue Sharing Formula by mfm04622: 9:29am On Apr 29, 2016
Why can't we run this nation as a Federation we claim it is? If it is a federation, everything earned in a state will belong to the state and the state will pay a tax or contribution to the Federal Government. That is how a federation is supposed to work. However, as the FG own an control the ocean, all revenue from offshore oil will belong to FG without sharing with any state. This will ginger states to work hard and develop their states. This will stop the dependence on monthly allocation. If this is too radical to do at once, we can do derivation for all earning from each state, not only on oil. The derivation should be at least 30% on all money FG collect from each state in whatever form. They the rest 70% is pooled and shared among States, LGs and FG in an agreed formula. The % of th derivation should b reviewed after every 10 years. This will force states to develop capacity to develop and tax their states effectively
Re: Governors Ask Review Revenue Sharing Formula by thespokenword: 1:08pm On Apr 29, 2016
Laxy people .nonsense!
Re: Governors Ask Review Revenue Sharing Formula by Amanwulu1(m): 1:21pm On Apr 29, 2016
loseyourseld:


I do not quite agree with this. I think federal government has more responsibilities. Apart from road constructions across the country, FG is responsible for power generation, security healthcare (partly) which are all capital intensive.
If state governments want more money, then they should be ready to shoulder more responsibilities, like state police, start generating their own power.
The long term solution is for state governors to become more creative in generating money.
has any gov ever opposed creatn of state police?
Re: Governors Ask Review Revenue Sharing Formula by billyG(m): 3:20pm On Apr 29, 2016
OreMI22:
State government has in the last 16 years shouldered the bulk of Development projects across Nigeria.
State governments should get 50 or 60 percent of the shared revenue, while FG gets 30% and LGA gets 5 or 10 percent because they will steal it anyway.
mention 6 viable,durable developmental projects yur states hav shoulder?what did they do with d excess crude money they shared,Y is there poverty & underdevelpoment everywhere?
Re: Governors Ask Review Revenue Sharing Formula by OreMI22: 4:39pm On Apr 29, 2016
loseyourseld:


I do not quite agree with this. I think federal government has more responsibilities. Apart from road constructions across the country, FG is responsible for power generation, security healthcare (partly) which are all capital intensive.
If state governments want more money, then they should be ready to shoulder more responsibilities, like state police, start generating their own power.
The long term solution is for state governors to become more creative in generating money.

Remeber it was Abacha that started putting almost the entire federal revenue into the FG purse. Until obasanjo eased it a little. Since Obasanjo gave states a little more, there has been explosion of developmental projects in Nigeria. from whay kwankwaso did in Kano, to Akpabio to fashola to Chime. We have all been withnesses to the transformation of Nigeria through state oriented initiatives.
Even the good federal roads in southern part of Nigeria were ALL built by the respective state governments. Now, where are the billions the FG allocates to itself every month?

The ONLY reason any of those responsibilities the FG put on itself has not worked is because IT IS HANDLED BY THE FEDERAL GOVERNMENT!The FG also put those on itself, not because they truly intend to improve infrastructure in Nigeria, but so they can have excuses to point at when they are challenged about keeping almost 60% of the entire national resources in Abuja.

I remember when University and primary education were sole responsibility of the FG, those sectors completely failed Nigerians and at a point, there were 2 million Nigerians taking Jamb for only 3,000 spaces in the Federal Universities. As soon as states and Private bodies were permitted to establish universities, that monstrous situation has eased a lot.

If states get a bigger share of the country's revenue, they can build multiple power plants, fund agriculture, fund education and many many many great things will happen in Nigeria. As long as we leave all our national resources in the hands of the FG, Nigeria's resources will continue to be wasted and stolen.

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