Vice President, Yemi Osinbajo,
has declared that only states with sound financial discipline will access
further assistance from the Nigerian government.
Osinbajo, who insisted that
states must henceforth show financial discipline, expressed worry at the
situation of finances in some states.
Recall that Buhari on Monday
condemned how Paris Club Refund was spent by some state governors.
Osinbajo spoke on Monday in Abuja
at a workshop organized by the Revenue Mobilization Allocation and Fiscal
Commission (RMAFC).
The event discussed on
alternative sources of revenue generation for sustainable development in states
and local government councils in Nigeria.
In his remark, Osinbajo
represented at the occasion by the minister of finance, Mrs. Kemi Adeosun, said
“The independent monitoring and evaluation of states against agreed milestones
under the FSP, has been conducted and further consideration for support to
states, will be solely dependent on reports from this exercise”.
“Fiscal discipline, improved
revenue generation, rational allocation and efficient use of resources, must be
strategies adhered to by every tier of government if we must return to a path
of sustainable growth.
“The 22-Point FSP for states and
local governments was introduced and acceded to by states governments in 2016
with the view to enhancing fiscal prudence and transparency in public
expenditure, monitoring the ongoing public financial management reforms being
undertaken by the federal government.”
Acting Chairman of the RMAFC,
Alhaji Shettima Umar Abba-Gana, said the commission was designing new
additional sources of revenue and ways and means of generating and collecting
these revenues for the benefit of the states and local governments.
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