Revenue from Federation Account dropping by 40% since July 2013 - Niger gov

Niger State governor, Dr Mu’azu Aliyu, has raised  the alarm that revenue accruable to the 36 state governments from the Federation Account has declined by about 40 per cent over the last six months.
He,  therefore, warned that if the situation was not checked by the appropriate authorities, most of the states in the country would not be able to pay workers’ salaries very soon.
The governor stated this on Monday when he received the new Director-General of the National Youth Service Corps (NYSC), Brigadier-General Johnson Olawunmi and the outgoing Secretary General of the Arewa Consultative Forum (ACF), Colonel Musa Shehu (retd), who paid him a visit at the Government House, Minna.
Governor Aliyu, however, blamed the dwindling income from the Federation Account on low remittance from crude oil sales, which accounted for more than 70 per cent of the total amount generated to the Federation Account.
Aliyu also submitted that “corruption and outright stealing had affected oil revenue” of the country in recent times and, therefore, asked that something urgent should be done to correct the trend to forestall an impending financial danger.
The governor said that 19 northern state governors would  meet very soon to find ways of solving the financial problems bedevilling all tiers government in the country.
While admitting that prospecting oil and gas was the sole responsibility of the Federal Government as enshrined in the constitution, Aliyu said there was nothing stopping the states from preparing the ground for the Federal Government to come in and invest in the project.





















REF  http://www.tribune.com.ng/news2013/index.php/en/news/lead-stories/item/33184-revenue-from-federation-account-dropping-by-40-since-july-2013-niger-gov.html