Fashola blasts FG over poor utilisation of revenue




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Fashola blasts FG over poor utilisation of revenue





Lagos State Governor, Mr Babatunde Fashola, yesterday criticised  the Federal Government for allegedly not doing enough  with the huge monthly revenue allocations it gets from the federation account.


The governor,  who made the observation at the flag-off ceremony of the Lagos State Economic and Empowerment Programme in Ikeja, said the Federal Government failed to use the huge resources to better the lives of the people.


According to him, the Federal Government got 52 per cent of the total income of the federation, while the 36 state governments shared 26 per cent, lamenting that even with the huge share it got, the federal government had failed in its responsibilities, especially in the provision of power and security.


Fashola said: “There are three governments in Nigeria family, the federal, the state and the local government. We get income from three major sources. There are other ones but these are the main sources. One is oil, the other is charges and import duties. Last year in Apapa alone, between January and June, the published income for the Federal Government is N1.4 trillion.


“We don’t collect taxes from companies, all the companies in Nigeria, once you declare your profit, certain percentage is paid to the Federal Government. What we collect is personal income tax on the employees of the companies. Yet, the Federal Government has failed to provide electricity. If there is power today, many companies will pick up.


“In Lagos State, we are looking at an alternative to national failure because we would soon start to hear a lot of stories. Just remember that we used to have Berec, remember that at a time, 35 per cent of the components inside Peugeot 504 used to be produced in Nigeria, why can’t we do that again? ”


He  commended Lagosians for  paying their taxes, warning  them not to fall for the tricks of anyone, who promised them that there will be relieved tax payment, saying it was from Lagosians’ taxes that the state government embarked on a programme like the economic empowerment programme.


Fashola said over 10,000 women are targeted for empowerment through the training and vocational skill acquisition programme under the Ministry of Women Affairs and Poverty Alleviation (WAPA).







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