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No alternative to fiscal federalism, says Abiru

By Emmanuel Oladesu, Deputy Editor

The All Progressives Congress (APC) candidate for the Lagos East District by-election, Tokunbo Abiru, said yesterday that he would pursue fiscal federalism along with other legislators, if elected.

The former Managing Director of Polaris Bank spoke during a meeting with party elders, community leaders and residents in Ibeju-Lekki.

He said fiscal federalism was indispensable to national progress, adding that it would empower the states and promote even development.

Abiru said: “I will team up with other lawmakers to ensure fiscal federalism in Nigeria. As federating units, our states cannot be viable with the current fiscal structure.

READ ALSO: No alternative to fiscal federalism – Abiru

“There is need for review within the ambit of the existing legal framework to institutionalise fiscal federalism, with a view to encouraging healthy competition among states to promote even development.

“With the ongoing constitutional review, I will exploit this window of opportunity to push for a new fiscal federalism regime.”

Abiru also said he would work with other federal lawmakers from Lagos to secure a special status for the state.

He said Lagos is facing enormous pressure as a former federal capital, noting that a special status would enable it to attract more federal presence.

 

 

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