I Will Review Revenue Formula – Bola Tinubu

October 22, 2022 By News Editor

I Will Review Revenue Formula – Bola Tinubu

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.

He also promised his administration will build on President Muhammadu Buhari’s efforts to end terrorism, kidnapping, banditry and other violent agitations in the country.

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.

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 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 mobilise the totality of our national security, military and law enforcement assets to protect all Nigerians from danger and from the fear of danger.

‘’We will expand and improve upon the use of technology, enhance recruitment of personnel and bolster existing agencies and systems to achieve this fundamental national security goal.

‘’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.


(Report by Julius Toba-Jegede, Edited by Isaac Aregbesola. NAN Report)


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