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Business Digest September 22, 2021

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On BU$I₦£$$ DIG£$T this morning, September 22, 2021
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THE FEEDING BOTTLE SYSTEM IS BEING THREATENED!

Like it or dislike it, some Governors have opened our eyes to the reality of the sharing formula for financial resources from the centre to the States.

No wonder some Governors have permanently been running their States from Abuja so that this sharing formula will not go down. How can a state like Bayelsa which is the smallest state in Nigeria by the population and number of LGAs generate so much in VAT and yet get allocated less than a state like Zamfara that does not generate even a billion naira? Just Negodu!!

How can a State have so much viable voting population, yet this population cannot be productive enough to generate revenue?

Governors of the states begging and ranting that they can’t survive have practically owned up on their incapacitation to be resourceful.

Are they saying they lack the capacity to harness the resources in their state to increase internally generated revenue?

I hear some State Governors are begging for the matter not to be left with States, so what are the State Internal Revenue Services doing?

Our eyes have being opened and it is crystal clear that “monkey dey work bamboo dey chop” and some people are “reaping what they never sowed” Is that fair and equitable?

A State Governor specifically said he cannot pay salaries if they allow States to use only the VAT it generates! This is indeed a sad moment for a sitting Governor not to know what next to do.

I know they are alot of value added transaction in States that VAT is not being charged on, talk more of collecting.

Dear Governors, can you begin to look inwards and cut down your luxurious lifestyles? You will see how much can be saved and put into productive use to increase the internally generated revenue of your respective States.

_If you learnt anything from this, kindly share with someone out there._
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Yours-In-Entrepreneurship
_*Dr. Emmanuel Idenyi Shaibu*_
_animn, ace, f.hcd, f.dss, m.frcn, fimc, cmc, cms, FAiPA, DPA, ACCrFE_
The Millennium Entrepreneur
www.emmabglobalconcept.org
MakingAMarkGlobally

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About the author

Emmanuel Idenyi Shaibu Esq. (f.hcd)

Emmanuel Idenyi-Shaibu Esq. is known as The Millennium Entrepreneur. A well sought Public Speaker and Trainer in Strategic Business Re-positioning, is a graduate Of Marketing, Global Consumer Marketing, Financial Management, a Chartered Marketer, Chartered Economist, Chartered Human Capital Development expert, Seasoned banking professional, an Entrepreneur, Investor and Business Owner. He is married to one female wife and blessed with lovely and lively children.

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