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Rising revenues must improve citizens’ living standards, say economists
NG🏛️ PoliticsCenter5 hr. ago

Rising revenues must improve citizens’ living standards, say economists

Economists in Nigeria argue that increased revenues for state governments should lead to tangible improvements in citizens' living standards. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprise, emphasized that states must use their heightened fiscal resources responsibly to enhance public services like roads, healthcare, and education. Data shows that 35 states received over N6.97tn in combined revenue between January and June 2026, highlighting the need for accountability. Yusuf warned that without proper management, increased funds could fail to benefit citizens due to recurrent spending or ineffective projects. Economist Babatunde Ajayi criticized the lack of oversight at the state and local government levels, suggesting that federal authorities are not adequately monitoring resource allocation, leading to poor implementation and minimal impact on communities.

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The Punch logoThe PunchIndependentCenter5 hr. ago
Rising revenues must improve citizens’ living standards, say economists

Economists in Nigeria argue that increased revenues for state governments should lead to tangible improvements in citizens' living standards. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprise, emphasized that states must use their heightened fiscal resources responsibly to enhance public services like roads, healthcare, and education. Data shows that 35 states received over N6.97tn in combined revenue between January and June 2026, highlighting the need for accountability. Yusuf warned that without proper management, increased funds could fail to benefit citizens due to recurrent spending or ineffective projects. Economist Babatunde Ajayi criticized the lack of oversight at the state and local government levels, suggesting that federal authorities are not adequately monitoring resource allocation, leading to poor implementation and minimal impact on communities.

Bias read (Center): While the article discusses economic policies and government accountability, which are politically charged topics, the framing remains balanced. It presents concerns from both Yusuf and Ajayi without overtly favoring either side. The focus is on the need for responsible fiscal management rather than

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