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By Lawrence Agbo
The Special Adviser to President Bola Tinubu on Economic Affairs, Tope Fasua, has said the FG is carrying a disproportionate share of Nigeria’s debt burden, noting that it accounts for about 93% of national borrowings while the states handle only around 7%.
“There’s been too much emphasis on the Federal Government. The Federal Government has been left to carry 93% of the borrowings of Nigeria, whereas the states have just 7%,” Fasua said.
Speaking on Channels TV Morning Brief, the Special Adviser to President Bola Tinubu on Economic Affairs argued that the country’s fiscal responsibility structure is uneven and places excessive pressure on the federal level.
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Fasua said this imbalance also extends to infrastructure delivery, stressing that the Federal Government executes most major projects across the country, a situation he suggested should be reconsidered for better decentralisation.
“All the major infrastructural projects in this county have been done by the federal government; that shouldn’t be the case.”
He maintained that greater financial and developmental responsibility should be shared more equitably among the federating units to improve efficiency and reduce strain on federal resources.
