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Radda tells Nigerians not to blame governors alone for hardship

Katsina State Governor Dikko Umaru Radda has urged Nigerians to stop blaming state governors alone for the country’s worsening economic hardship. He argued that the Federal Government takes the largest share of national revenue and therefore bears major responsibility for how resources are used.​ Radda noted that under the current revenue sharing formula, the Federal Government receives about 52 percent of funds from the Federation Account, while states and local governments share the rest. He said this leaves subnational governments struggling to meet rising demands for salaries, infrastructure and social services amid inflation and currency depreciation.​ The governor pointed out that recent court rulings directing that local government funds be paid directly to councils will further limit the ability of states to intervene in grassroots projects. He warned that citizens should not expect miracles from governors when most of the […]

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 Oyedele Urges Governors to Borrow for Infrastructure Only

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has advised state governors to borrow money only for building infrastructure that spurs economic growth, not for routine government spending. Speaking at the launch of a report on state finances in Abuja, Oyedele expressed concern over the rising debt levels of state governments. He clarified that borrowing is not inherently bad, but its purpose is what matters. “There is nothing wrong with borrowing; what matters is what you are borrowing for?” he stated. “We need to borrow less for recurrent spending, if at all, and borrow responsibly for infrastructure and productivity.” He commended states like Abia, Enugu, and Lagos, which allocate over 70% of their budgets to capital projects like roads and schools. He also revealed that new tax laws coming into effect next year will shift […]

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