The Senator representing Bayelsa East of Bayelsa State, Ben Murray-Bruce has chided state governments over its dependence of federal allocations without investments to keep the state running, saying in the event oil fails, such state will also fail.
The social media savvy senator, stated this in series of tweets via his Twitter handle @benmurraybruce with the hashtag #FederalAllocationToStates.
He advised state governments to imbibe investment culture to pull resources towards the development of the states.
He said, “Its not too late to invest #FederalAllocationToStates. If not, if oil becomes history. States that don’t invest today, will also be history.”
The tweets further reads, “#FederalAllocationToStates were meant as seed money to be invested. It was the proceed of those investments that states should have spent.
“Rather than waste #FederalAllocationToStates on recurrent expenditure like salary, states should have set up viable investments with them.
“States could have set up cement factories, invested in telcos like MTN/Glo or built fuel stations etc with #FederalAllocationToStates
“Instead of doing this, states treated #FederalAllocationToStates like life support to the extent they can’t exist without the allocation.
