The decision of the Federal Government to postpone the monthly Federal Allocation Accounts Committee meeting which was scheduled to hold in Enugu State on Thursday (yesterday) over shortage of funds in the federation account has been described as a ploy by the FG not to give the state of the nation’s economy, this is the belief of Governor Babatunde Fashola of Lagos State.
The governor made this disclosure at the 2014 World Food Day/Agric Value Chain empowerment in Lagos on Thursday, where he presented agricultural empowerment materials to 3,149 persons at the Agric Day with the theme, ‘Family farming: Feeding the world, Caring for the Earth,’ lamented that the central government was not sincere with its citizens on the current state of the country’s economy.
According to Fashola, “As I was coming to this event, I received a message that the monthly Federal Allocation Accounts Committee meeting where states know how much the country earns monthly and what percentage would be shared between the three tiers of government-Federal, State and Local governments-from the federation accounts, had been postponed, the meeting was postponed because there were not enough funds in the federation account. That is the situation of the country’s economy today.”
He noted that the Federal Government was not reliable and that was why there was no state government that could function effectively without a well structured tax system.
In his words “If we are to wait for the monthly federal allocation, we will not be able to provide the dividends of democracy to the residents of Lagos State, it was through the money we realised from taxes that we used in providing the empowerment materials for the residents of the state, we do not measure the economic progress in our state by the number of billionaires and owners of private jets which exclude many in the country. But we measure ours by the number of ordinary people in the society.”