Osinbajo Lashes Out At State Governments‎ Over Finances

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The Vice President has questioned the spendings of some of the state governors and has said only states with financial discipline will henceforth receive assistance from the Nigerian government.

In what looks like seconding the word of President Buhari who condemned how Paris Club Refund was spent by some state governors, Prof. Yemi Osinbajo insisted expressed worry at the situation of finances in some states and insisted that states must show financial discipline.

Osinbajo spoke on Monday in Abuja at a workshop organized by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC).

The event discussed on alternative sources of revenue generation for sustainable development in states and local government councils in Nigeria.

In his remark, Osinbajo represented at the occasion by the minister of finance, Mrs. Kemi Adeosun, said: “The independent monitoring and evaluation of states against agreed milestones under the FSP, has been conducted and further consideration for support to states, will be solely dependent on reports from this exercise”.

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“Fiscal discipline, improved revenue generation, rational allocation and efficient use of resources, must be strategies adhered to by every tier of government if we must return to a path of sustainable growth.

“The 22-Point FSP for states and local governments was introduced and acceded to by states governments in 2016 with the view to enhancing fiscal prudence and transparency in public expenditure, monitoring the ongoing public financial management reforms being undertaken by the federal government.”

Acting Chairman of the RMAFC, Alhaji Shettima Umar Abba-Gana, said the commission was designing new additional sources of revenue and ways and means of generating and collecting these revenues for the benefit of the states and local governments.

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Biodun Kupoluyi

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Biodun Kupoluyi has 10542 posts and counting. See all posts by Biodun Kupoluyi

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