Femi falana
Under the current political dispensation, the national economy is firmly controlled by the federal government. Apart from the management of the mineral resources owned by the Nigerian people, the federal government conducts domestic and foreign affairs on behalf of the country. Although the Constitution has been amended several times since 1999 by the nation’s legislative houses, the members of the political class have resolved to retain the document as the grundnorm of the unitary republic. The revenue allocation formula which gave 52 percent of the resources of the Federation to the federal government as well as 24 percent and 20 percent to states and local governments respectively has been left intact.
The federal government has turned down the demand of state governments for the restoration of the residual powers confiscated from them by the erstwhile military regime. In frustration, the state governments have embarked on…
Source: Thisday Newspaper
