Former Lagos State governor Asiwaju Bola Tinubu, has charged candidates to go into the National Assembly and make laws for fiscal federalism.

“Go ahead,” he told the cheering crowd, “and elect all ACN legislative candidates into the National Assembly to tackle fiscal federalism and financial responsibility.”

Addressing a rally at the Teslim Balogun Stadium, Surulere, Lagos, to mark the Local Government Day in Lagos State, Tinubu told the crowd, comprising mainly local government officials, that the current federal revenue formula should be changed for Nigeria to develop.

He said: “As it is, the Federal Government takes far too much revenue to the detriment of states and local governments, where the real development takes place. For a truly federal state, states and local governments must take a minimum of 70 per cent of federally collected revenue.”

Praising Governor Babatunde Fashola, who was present, for showing good leadership, Tinubu said the governor kept the fiscal federalism issue on the national front burner.

The former governor congratulated the local government officials for keeping faith with what he called a “bottom-up” development paradigm which he said was being suppressed by Nigeria’s quaint federalism, which is no better than a unitary system.

He criticised federal authorities for their handling of local government administration.

Tinubu accused the Goodluck Jonathan campaign group of promoting “adversity instead of prosperity” and “divisiveness instead of unity”.

C[b]harging the President with playing the ethnic card by trying to turn the Igbo, the Hausa and other non-Yoruba against the Yoruba in Lagos, Tinubu said Jonathan was looking for division where there was none.[/b]

http://thenationonlineng.net/web3/news/31516.html

Hehe

The problem is, everyone has different definition of fiscal federalism

Beaf's definition of fiscal federalism is likely quite different from Tinubu's

Anyway, I agree with Tinubu. Shrink the FG share to 30%, let the states and LGs share the remaining 70%.

This is also probably the best way to tackle corruption in a meaningful, long-lasting way.

ekt_bear:

This is also probably the best way to tackle corruption in a meaningful, long-lasting way.

gbammm