Adeyinka Grandson wrote: I have read numerous claims from the Igbos in the last two weeks over the Federation Account Allocation for the Month of May 2013. They all claimed South-East received the lowest allocation. To them, this is injustice. But in reality,the Igbo, Hausa/Fulani, Kanuri, earned more allocation than they contributed to the national economy. The Yoruba and South-South have earned the least, below what they contributed to the Federation Account. For the month of May 2013, the Federal Government of Nigeria made N1.6 trillion as revenues. These revenues come from all the six geopolitical zones of Nigeria. The Igbos have deliberately concentrated their twisted argument on what was shared to the geopolitical zones as follows: 1] South-South -N285 Billion. 2] North-West -N157 Billion. 3] South-West -N127 Billion. 4] North-East -N109 Billion. 5] North-Central -N105 Billion. 6] South-East -N85 Billion. 7] FCT Abuja -N3.2 Billion. 8] Federal Government -N730 Billion. 9] NCS/FIR -N6 Billion. 10 ] TOTAL ALLOCATION: N1.6 Trillion. The Igbos have completely ignored the argument of how much each geopolitical zones of Nigeria contributed to the Federation Account. I present you the details of how much was contributed by each geopolitical zones to the Federation Account: 1] South-South -N479 Billion. 2] North-West -N20 Billion. 3] South-West -N339 Billion. 4] North-East -N5 Billion. 5] North-Central -N15 Billion. 6] South-East - N10 Billion. 7] FCT Abuja -N 0 Billion. 8] Federal Government -N 0 Billion. 9] NCS/FIR -N 0 Billion. 10] TOTAL CONTRIBUTION: N1.6 Trillion. The argument now is not how much was allocated to each geopolitical zones of Nigeria or how much was contributed by each zones, but to know which zone(s) is at the receiving end of our flawed unitary system. This brings us to Contributions Versus Allocations. 1] South-South contributed N479 Billion to the Federation Account. The zone was allocated N285 Billion. It made a loss of N194 Billion. 2] South-West contributed N339 Billion to the Federation Account. The zone was allocated N127 Billion. It made a loss of N212 Billion. 3] South-East contributed N10 Billion to the Federation Account. The zone was allocated N85 Billion. It made a gain of N75 Billion. 4] North-West contributed N20 Billion to the Federation Account. The zone was allocated N157 Billion. It made a gain of N137 Billion. 5] North-East contributed N5 Billion to the Federation Account. The zone was allocated N109 Billion. It made a gain of N104 Billion. 6] North-Central contributed N15 Billion to the Federation Account. The zone was allocated N105 Billion. It made a gain of N90 Billion. It is more than obvious now that the wealth and resources of the South-South and the Yoruba people are being used to fund development in other regions of Nigeria. The reason why we lack qualitative healthcare for Yoruba citizens and residents, affordable housing, job opportunities, social benefits etc. We must demand for fiscal federalism or outright division of Nigeria for the Yoruba are suffering when our wealth and resources are used to developed other people will we suffer.
Posted on: Sun, 23 Jun 2013 12:41:56 +0000
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