The All Progressives Congress (APC) Presidential Candidate, Asiwaju Bola Tinubu, has promised an upward review of revenues accruable to state governments, in his administration if elected as next president.
He said that, this will be one of the steps to bridge the development gap between the Federal Government and the 36 state governments and the Federal Capital Territory (FCT).
The former Governor of Lagos state made this promise in his campaign manifesto tagged: ‘’Renewed Hope’’ made public in Abuja on Friday.
According to him, the initiative would bring faster development to the grassroots areas across the country.
The allocation of revenue between the federal and state governments will be adjusted to give greater flexibility to foster grassroots economic developments, he said.
NAN reports that under the current sharing arrangement, the Federal Government takes 52.68 per cent of the revenue shared, states get 26.72 per cent, while local governments get 20.60 per cent.
Tinubu, also proposed fiscal activeness, which includes anti-corruption, prudence, open governance and mutual trust between government and the governed, under his economic blueprint.
He promised to reduce drastically the over-dependence on crude oil earnings and over-exportation of other raw materials capable of growing local industries.
We will improve on existing industries and sectors. We will be brave and innovate enough to see how new economic visitors powered by today’s technology can create jobs and provide goods and services that will propel us towards greater prosperity and development.
We will build an economy that produces more of the everyday items, both agricultural and manufactured goods, that define an individual’s and a nation’s standard of living,’’ he said.
Discussion about this post