Aregbesola Clamours For Separation Of Fed Govt And Federation Accounts

The governor of Osun State, Mr Rauf Aregbesola, has again clamoured for the separation of Federation Account from the Federal Government Account as a always the practice under a normal Federal System of Government. He spoke in Osogbo, the state capital last Friday at the Maiden Convocation lecture of Fountain University, Osogbo, with the topic:…”
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September 22, 2011 9:41 am

Ogbeni Rauf Aregbesola - Governor of Osun StateThe governor of Osun State, Mr Rauf Aregbesola, has again clamoured for the separation of Federation Account from the Federal Government Account as a always the practice under a normal Federal System of Government.
He spoke in Osogbo, the state capital last Friday at the Maiden Convocation lecture of Fountain University, Osogbo, with the topic: “Leadership and Governance: Emerging Issues for Genuine Transformation of Nigeria”, delivered by the Governor of Niger State, Dr Mua’zu Babangida Aliyu.
According to him, for as long as the Federal Government controls what is available to the federation, there would always be problem at the state level in the areas of declaring the financial resources and sharing formula.
The governor said: “The best form of government for a nation with multi-ethnic nationalities like Nigeria is federalism. Most of us, particular those that have managed the Nigerian states as an entity know that the name of Nigeria is not Nigeria alone, not Liberia like Liberia, not Congo like Congo, but it is Federal Republic of Nigeria. The simple interpretation of that is that the federation account should be distinct and different from the Federal Government account.
He said that the Federal Government using and maintaining the same account with the federation account was a big contradiction in the federalism that is in operation in Nigeria.
He stated that the current system, being in operation in Nigeria, does not give autonomy to the states, saying; “our nation is a federation and the meaning of federation is simply autonomy for the federating units”.
“The only tiers of government recognized by the federal republic anywhere in the world are the central government and the state governments. If by any imagination, you recognize another tier, in any form, you have bastardized the context of federalism”, he noted.
The governor then appealed to all Nigerians of good conscience to insist and refuse the purported attempt to unitarize the country.

3 Comments

Rafiu Sanusi

I would not know whether the press quoted our people service oriented governor out of context here. Otherwise, this statement misses it. As at now, there is a difference between the Federation Account and the Federal Government Account. If I may inform, the Federation Account is an account which is used to warehouse the revenue of the federation out of which the Federal, State and Local government share monthly using approved Revenue Allocation formula at the Federation Account Allocation Committee (FAAC) meeting.
After the sharing, the federal government takes its own portion to the Federal Government Tresury Account. The Federal Government Treasury Account is different from the Federal Account.

What the governor should be suggesting is the creation of the office of the Accountant General of the Federation as distinct from the Accountant General of Federal Government. Also, there should be Accountant General of the Local Government as distict from the Accountant General of the state. I should think this is what the governor said and not what was reported up.

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you are even more knowlegeable than these reporters.

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@ Rafiu Sanusi,, nice one there,, was actually trying to recollect the terms..
As for ds govt guys,am nt sure there is any saint amongst them..

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