FG not sincere about state of economy, says Fashola

Governor Babatunde of Lagos State has accused the Federal Government of not being sincere with the citizens on the state of the nation’s economy, alleging that the postponement of the monthly Federal Allocation Accounts Committee, (FAAC) which was scheduled to hold in Enugu State, yesterday, was a signal that all was not well with the federation account.

Fashola stated this, Thursday, at the commemoration of the 2014 World Food Day/Agric Value Chain Day, in Agege, where he handed over agricultural empowerment materials to 3,149 persons. The theme of this year’s event was “Family farming: Feeding the world, caring for the earth”.

He said “as I was coming to this event, I received a message that the monthly Federal Allocation Accounts Committee meeting where states know how much the country earn in the last 30 days and what percentage would be shared between the three tiers of government-Federal, State and Local governments-from the federation accounts has been postponed.

“The meeting which was scheduled to hold in Enugu State today (yesterday) was postponed because there was not enough fund in the federation account. That is the situation of the country’s economy today.”

He said the reality has made it imperative for state governments to look inward and put in place effective tax system if they must continue to discharge their duties to the citizens.