Lagos State Governor, Mr. Babatunde Fashola, yesterday, expressed his disapproval over alleged unlawful spending by the Federal Government, stressing that the government had exceeded the approved N240 billion for the year on fuel subsidies with an additional N1.2 trillion by the end of last month.
Speaking to newsmen at Murtala Muhammed Airport, Lagos, Fashola noted that additional N1.2 trillion would have been placed in the Federation Account, adding that such amount could have constituted an asset to the 36 states and the local governments in the country.
He said: “The money has gone without lawful authorities to spend it and without consultation with the stakeholders, that is the federating units.”
Fashola noted that the federal revenue allocation formula was such that the central government keeps 52 per cent of the revenue while the states gets 36 per cent and the local governments are left with 20 per cent, stressing that alteration to the third tier of government cannot fast-track meaningful development at the council level.
The governor said: “Now, if you have a local government structure and a federation revenue allocation formula where the national government keeps 52 per cent of the revenues, the 36 states shares 26 per cent and the local governments, 774 of them, are left to share just 20 per cent, just think of it, can they make any progress?
“The local governments, which are closest and most impactful to the people have the least revenue,” he added.
The governor , who noted that local governments were responsible for primary health care and education to the local populace, said they were saddled with responsibilities beyond their capacities.
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