Bayelsa Deputy Governor Knocks FG Over Parameters For Revenue Allocation


YENAGOA – Bayelsa State Deputy Governor, Lawrence Ewhrudjakpo has condemned the parameters being used by the Federal Government to determine revenue allocations to states and local government councils in the country.

Ewhrudjakpo expressed concern over dwindling federal receipts accruing to Bayelsa from the Federation Accounts, amidst rising oil prices at the international market.

He spoke at the Government House Yenagoa on Wednesday while receiving a report from the 12-member committee set up last week by the state government to look into claims made by former councillors concerning unpaid allowances.

A statement on Thursday by his Senior Special Assistant on Media, Mr Doubara Atasi quoted the deputy governor as maintaining that revenues shared by the Federal Government to Bayelsa and its local councils had been on the decline even in the wake of increasing oil prices.

He lamented the worsening inflation rate in the country that had escalated cost of living to an unbearable level for majority of the citizenry.

Ewhrudjakpo said this downward trend was making it difficult for both tiers of government in the state to carry out some of their obligations.

He said, “We have been experiencing a downward trend for reasons we don’t understand. Our crude oil prices are higher now, but our allocation is getting smaller by the day. I don’t know the parameters they (the Federal Government) are using now.

“Clearly, what they are using is not in tandem with international standards. Our economy is continually nose-diving, our Naira continues to depreciate and there is high inflation that is making things extremely difficult for Nigerians.”




Read the Source post on Independent Newspaper Nigeria.

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