Ten States Received More Allocations From The Federation Account Than Several West African Countries Total Budget In 2013...Okonjo Iweala, Finance Minister.. Emmanuel Uduaghan Of Delta State Revealed To Have Received Over 209 Billion In 2013 Less Internally Generated Revenue.. Dr Ngozi Okonjo-Iweala, has listed Nigeria’s 10 highest revenue receiving states based on the federal allocations in 2013. The states, according to her, earn more than the annual budgets of some neighboring countries. The allocations are as follows: Akwa Ibom N260 billion, Rivers N230 billion, Delta State N209 billion, Bayelsa N173 billion, Lagos N168 billion, Kano N140 billion, Katsina N103 billion, Oyo N100 billion, Kaduna N 97 billion Borno N94 billion. Okonjo-Iweala gave the breakdown of the allocations on Sunday at Babcock University’s 12th Convocation at which she delivered a lecture with the theme: ‘Transforming Nigeria economy: Opportunities and Challenges’ “These were the allocations that all these states got last year, so the question is what did they do with it? Analysis shows that many Nigerian states receive revenue allocation which are larger than budgetary allocation of neighbouring countries such as Liberia which is $ 433 million, Gambia $210 million. ” So you see that our top 10 states receive more money than these countries and therefore you should be asking what is this money being used for?” Okonjo-Iweala said. She noted that some states use their allocation better than others adding that “that is why we can actually see what they are doing with their infrastructure, education, while others do not”. ” We should also ask ourselves what is the role of our state government and local government in supporting our transformation? We know from the constitution that provision of public services such as health, education, agricultural services and so on are all on a concurrent list and therefore are joint responsibilities of the federal state and local governments. “However it is not often that you hear people asking what has your state done? Most of their attention is turned to the federal government so we also need to ask what do our state and local government do with the resources they get?” Okonjo-Iweala stated FREE to SHARE ***************** Theres no safety outside of God. Send your Press Release/Articles to: [email protected] Advertise your product with us: [email protected] Read daily news&story at nigeriacamera.net/
Posted on: Tue, 03 Jun 2014 05:01:41 +0000
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