According to Bayelsa State Governor Douye Diri, the country’s monthly revenue allocation does not adhere to true federalism, which is why his state has not been able to realize its full potential. CONTINUE FULL READING>>>>>
According to Daily Trust, Diri said this when giving a speech in Houston, Texas, after receiving the title of “Icon of Unity and Social Justice” from Ijaws in the US and Canada.
He decried the monthly federal allocation system in the country, stating that if Bayelsa had received 100 percent of the oil and gas revenue rather than 13 percent, the state would have been a small Houston.
He said in part, “You cannot take away the resources in my state and the internally generated revenue that would have accrued to us and expropriate it in the name of Federation Account Allocation Committee (FAAC). Every month end, the 36 states in the country gather in Abuja to share resources accruing from my state and they still come back to insult us that our state is insolvent.”CONTINUE FULL READING>>>>>
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