Nigeria must increase federal revenue share or transfer more responsibilities to states, says Zrosk CIO
Nigeria must either increase the Federal Government's share of national revenue or transfer some of its responsibilities to state governments to address its persistent fiscal challenges, according to Samson Esemuede, Chief Investment Officer at Zrosk Investment Management Ltd. The post Nigeria must increase federal revenue share or transfer more responsibilities to states, says Zrosk CIO appeared…
Nigeria's Chief Investment Officer at Zrosk Investment Management Ltd, Samson Esemuede, has argued that the country must either increase the Federal Government's share of national revenue or transfer more responsibilities to state governments in order to tackle its persistent fiscal challenges. This comes amid President Bola Tinubu's request for approval of a supplementary external borrowing plan of $20.52 billion and €1.05 billion for 2026–2027 to finance infrastructure and development projects across the country.
Esemuede highlighted the mismatch between the revenue available to the Federal Government and the responsibilities it is expected to discharge, asserting that the country's fiscal deficits stem not only from poor spending decisions but also from structural weaknesses in revenue distribution and government responsibilities.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
