Osinbajo Says State’s Dependent On Federal Monthly Allocations, Reason For Insufficiency
Vice President, Yemi Osinbajo has said that state’s dependent on federal monthly allocations stands to be the reason for insufficiency.
Professor Osinbajo, while presenting a lecture at the National Defence College Course 28 in Abuja emphasised that if this is stopped, the states would be able to pull their weight.
“The reason why state governments are not generating as much as they should is because there is something coming from the Federal government every month.
“If there was nothing coming from the Federal Government, states could put their weight. If the Federal government itself does not generate oil revenues, we will pull our weight.
“This is why there is a need to ensure that we hold ourselves to account for revenue generation. A country of this size, certain, can do far more than we are generating at the moment,” he said.
The Vice President stressed the correlation between national security and economic security, adding that it is the responsibility of the government to create social and economic opportunities and an enabling environment for citizens to thrive.
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