Party Criticises Revenue Allocation Formula

The Justice Party (JP), on Wednesday in Lagos said the current federal revenue allocation formula was unacceptable to the party.

It said the formula gave 52.68 per cent to the federal, 26,72 per cent to states and 20.60 per cent to the local governments.

Mr Ayo Akintayo, Chairman, Lagos State chapter of the JP, told newsmen that a situation where the federal government got more allocation than the states and the councils was unacceptable and should be reversed.

“I think there is need for the country to go back to the federal system”.

According to Akintayo, Nigeria needs to tackle corruption head long because it is the country’s major problem now.

He expressed dissatisfaction with the situation where the Federal Government spent 25 per cent of the nation’s income on the National Assembly, saying it was part of corruption that needed drastic measures to stop.

On the menace of Boko Haram sect, the Chairman urged the Federal Government to “ensure equilibrium that will come with a revolution in the system to curb the situation of insecurity in the country”.

He added that the sect wanted to destabilise the nation.

Akintayo, however, called on the security forces and all stakeholders in the system to foster unity and peace in the country.

On ministerial nominees currently undergoing screening, Akinatayo recommended that people with revolutionary ideas on how to tackle insecurity in Nigeria should be appointed.

“We need people with revolutionary ideas who can assist President Jonathan to tackle the crisis at hand to come as ministers”, he said.