2023: Tinubu Pledges To Review States’ Revenue Allocation

Cat:

Related stories

Asiwaju Bola Tinubu, the All Progressives Congress (APC) Presidential Candidate in 2023 general elections has promised an upward review of revenues accruable to state governments, if he elected as next president.

Tinubu made the promise in his campaign action plan tagged: ‘’Renewed Hope’’ made public in Abuja on Friday.

He listed this as one of the steps to bridge the development gap between the Federal Government and the 36 state governments and the Federal Capital Territory (FCT).

According to the document, Tinubu also explained that 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.

The News Agency of Nigeria (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.

Under his economic blueprint, Tinubu also proposed fiscal activeness, which includes anti-corruption, prudence, open governance and mutual trust between government and the governed.

He also promised to reduce drastically the overdependence 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.

Agency Report
Agency Report
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

NDN
Latest News
[Photos] Wike, Fubara, Amaewhule Reunite at Burial in Rivers, Signaling Peace After Tinubu’s MediationFLASH BACK: How Aminu Dantata, Dangote's Great Uncle, Wished For Death Almost 3 Years Ago[VIDEO] Wike, Fubara: Wike supporters mocking FubaraTrump’s Confusing Message About Iranian OilTrump says he’s terminating trade talks with Canada over tax on tech firmsList of Top 5 Countries That No Longer ExistMonday Okpebholo, Ifeanyi Uba's Seats: INEC Unveils Timetable for Bye-Elections as Voter Registration Resumes August 18Tears as Legendary Nigerian Tycoon Aminu Dantata, Dangote's Uncle Passes Away at 94Worsening Crisis: Saraki Predicts More Massive Defections from PDPINEC Unveils Timetable for Nationwide Bye-Elections as Voter Registration Resumes August 18How 2027 Intrigues, Power Play Ousted Ganduje as APC National ChairmanExclusive! Nigerians, International bodies Demand Justice as Ogun State Govt Stalls Estate Development, 9 Years after Payments for landNAPTIP Declares Speed Darlington Wanted for Rape, Cyberbullying AllegationsNNPCL Raises Alarm, Says Saboteurs Plot to Derail Corruption-Free OverhaulKenyan High Court Condemns Nnamdi Kanu’s Extradition to Nigeria as Unlawful
X whatsapp