The Federal Government has disrelish the tremendous security budgets of state governments across the country. While urging the new state government to make security a top priority, it also highlighted the fact that certain states devote a disproportionate amount of resources to this area. Boss Mustapha, the Secretary to the Government of the Federation, (SGF) expressed concerns about the practice in a keynote address given at the ongoing induction of returning and newly elected state governors.
According to Mustapha, an economically prosperous Nigeria is one that has found internal stability and external safety. He noted that numerous states are allocating a disproportionate part of their budgets to security in recent times, diverting funds that could be used for development. The SGF expressed his disappointment that there is less investable land in Nigeria, citing the country’s frequent violent conflicts as the cause. Therefore, it is crucial that we acknowledge the interconnected nature of security, economic growth, investment, and development.
Funds should rather be invested in fintech and youth development.
Mustapha said that this acknowledgment will serve to inform their priorities upon assuming power in the coming days. In addition, he urged the returning and newly elected state governors to abandon the so-called “youth empowerment programme” in favour of investing in youth and fintech development. He argued that instead of grants, youths should be given investment to become financially self-sufficient. Nigeria’s economy would be driven forward by its young and industrious people if they have access to quality education, job training, social security, affordable housing, and adequate healthcare.
This demographic advantage can be converted into an economic dividend, however more decisive measures are required to do so. To keep up with the times and anticipate the future, Mustapha recommends that the new state chief executives invest more funds into the fintech industry. FinTech, he said, will rapidly alter the future of e-commerce, trade, health, and banking, and that international companies like Google and others are prepared to commit their resources because of the potential advantages.
Incoming governors should urge their SSG to participate in federal forum.
Moreover, the SGF praised the Nigeria Governors’ Forum (NGF) for hosting the conference, labeling them as “a voice of reason in managing critical issues of governance between the states and the Federal Government.” The incoming governors, he said, should urge their respective Secretaries of State Government (SSG) to participate in the Forum for the Secretary to the Government of the Federation and Secretary to the Governments of the States, as it allows for productive dialogue between the federal government and the states on matters of mutual benefit.
Also, it’s an ideal setting to converse and get feedback on what other people are doing right when it comes to articulating and enacting policies, programmes, and agendas that improve the quality of life for local residents. He said that at their meetings, they have passed resolutions that have influenced the way governments handle policy coordination. However, as Mustapha pointed out, there has been significant emphasis on issues such as performance management and delivery and transition management.
Greater and more consistent effort is necessary in the nation.
Now that the elections have been concluded, the SGF noted that the actual work of satisfying Nigerians’ hopes and paving the way to genuine growth and development for all is due to start. He added that even while successive federal and state governments in Nigeria have worked hard, the country still has challenges in areas like poverty, healthcare, education, infrastructure, and the recovery of its economy. Greater and more consistent efforts are necessary given that no single government can solve the nation’s plethora of developmental issues.
Related Link
NGF: Website
FG disrelish high states security budget – Numerous states allocates disproportionate part of budgets to security. – Express your point of view.
While having a well-funded security system is essential for maintaining law and order, The issue of high state security budget in Nigeria is a contentious issue due to concerns over its effectiveness, transparency, and the allocation of resources away from other vital sectors. Therefore, there is a need for continuous dialogue and engagement to ensure that security funding is efficiently utilized, accountable for and transparency measures are put in place.
We all know the importance of Adequate security in our country. The state must have estimated the cost of the security they need for the safety of their people. If they still inflate this cost, then it just tells us the extent at which our leaders are corrupt .
FG disrelish high states security budget. Hope it will be use well and well distributed. Nigeria security is not up to standard they are only trying. Not only funding they should go for better training and more education
This budget to security will really good a lot way in reshaping the country security. The funds will enable them to get education, healthcare and education for the betterment of Nigeria security
FG disrelish high states security budget I hope is use in the right way to improve the country security, the security as been poor we need to upgrade of security to make people safe
The state security budget this kind fund need to be used well and that will show progress in the security of the country we provide all what we lack and make our security standard
With the security situation of the country, out of fear and under pressure many state governors are allocating disproportionate part of budgets to security rather than to the development of their state. Both could be run concurrently and achieve a better result.
The high level of insecurity in land must have prompted the state governor to allocate disproportionate part of budgets to security. These are fund that can be use for the development of the states. However, state government can run both and achieve appreciatable growth.