Governor Diri Raises Concern Over Resource Sharing Among States, Advocates For Fiscal Federalism

Governor Diri Raises Concern Over Resource Sharing Among States, Advocates For Fiscal Federalism

Bayelsa State Governor, Douye Diri, emphasized that the current federalism structure in Nigeria has hindered state development, advocating for a revision of the revenue sharing formula to align with fiscal federalism principles. Speaking at an event in Houston, Texas, where he was honored with the “Icon of Unity and Social Justice.…………CONTINUE READING

award by Ijaws in the USA and Canada, Governor Diri highlighted the potential of the Niger Delta region for development if allowed to utilize its resources effectively. He criticized the allocation of only 13 percent of resource-rich states’ revenue, such as those in the Niger Delta, while emphasizing Bayelsa’s significant contribution to the federal allocation shared monthly in Abuja. Governor Diri called for a shift towards true federalism, where states can access 100 percent of their resource revenue, envisioning a prosperous Bayelsa akin to Houston if such a model were adopted. He expressed concern over the unequal sharing of revenue from mineral resources like gold and questioned the fairness of the current revenue allocation system, urging for reforms to ensure equitable distribution and development across states. State Governor, Douye Diri, emphasized that the current federalism structure in Nigeria has hindered state development, advocating for a revision of the revenue sharing formula to align with fiscal federalism principles. Speaking at an event in Houston, Texas, where he was honored with the “Icon of Unity and Social Justice” award by Ijaws in the USA and Canada, Governor Diri highlighted the potential of the Niger Delta region for development if allowed to utilize its resources effectively. He criticized the allocation of only 13 percent of resource-rich states’ revenue, such as those in the Niger Delta, while emphasizing Bayelsa’s significant contribution to the federal allocation shared monthly in Abuja. Governor Diri called for a shift towards true federalism, where states can access 100 percent of their resource revenue, envisioning a prosperous Bayelsa akin to Houston if such a model were adopted. He expressed concern over the unequal sharing of revenue from mineral resources like gold and questioned the fairness of the current revenue allocation system, urging for reforms to ensure equitable distribution and development across states.

Published by Caleb Alfred