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|Time To Decentralize Nigeria Economy. by ranlaen: 2:32pm On Feb 14, 2012|
When travelling to see friends and family around Nigeria recently i noticed how the level of poverty is so widespread and the states look barren .
for instance on a trip to the ancient city of Benin most side roads are totally broken while the government builds a dual carriage road .
Unemployment is very high and the state industry is non existant .Its not unique to edo state though just an example .
Problem is the governors just sit and wait for the yearly allocation of funds to blunder mismanage etc and then throw a small carrot out.
Well how about this make each state responsible for its own revenues period.No oil sharing money .
Let there be a grace period in which the share of oil revenues per state decrease gradually over 5 yr period and then cease.Then implement federal taxes on each state as a source of federal revenue with non oil state having the least to give it time to boost new industries.
That way states will be forced when they know there be no oil share coming up anymore to rebuild its industries.And that can only be better for nigeria as a whole.
If you look at some of the best countries to live in the world they have no oil or gas,australia ,holland,etc.
We need to make states wake up and build their industries there is not one state in nigeria not capable of a strong agriculture .There plenty of options for manufacturing ,mining list goes on.
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