If elected president in 2023, the All Progressives Congress presidential candidate Asiwaju Bola Tinubu is mulling a reform of the revenue-sharing mechanism among the three levels of government.
Friday saw the unveiling of Tinubu’s 80-page manifesto titled “Renewed Hope 2023 — Action Plan for a Better Nigeria.”
According to his manifesto, Tinubu pledges to allot additional funding to the states and local governments so that they may solve local issues and fulfill their increased constitutional responsibility to the people.
Read Also: Tinubu’s manifesto to be unveiled by President Buhari on Friday
The APC presidential candidate stated that too many powers and resources have been centralized at the federal level since the country’s establishment, hence he intends to reevaluate the distribution formula.
According to him, the current system is problematic since “state governments are closer to the people and must be more responsive to local needs and aspirations.”
Tinubu stated that his administration will conduct a review of the federation’s revenue allocation system in order to rebalance the distribution of cash between the three levels of government (federal, state, and local).
“More funds should be allocated to the States and Local Governments so that they can better address local concerns and fulfil their expanded constitutional obligations to the people,” he said.
Tinubu also announced that his government will collaborate with the National Assembly to reevaluate the existing exclusive legislative list and give states and local governments additional duties.
According to Tinubu, his administration will prioritize crime prevention, jails, stamp fees, and specific sorts of taxation.
The APC presidential candidate stated that the measures would l “promote stronger governance at the state and local level, thus reducing political congestion and competition for resources at the federal level. The performance of federal, state and local governments shall improve while the people will benefit by having more political democracy and economic development more closely at hand.”
Today in the State House in Abuja, the ruling party is slated to officially reveal the manifesto and inaugurate the Presidential Campaign Council (Friday).
