PRICE AND BENEFITS: The Cost of Creating New State. A Choice to Make

PRICE AND BENEFITS: The Cost of Creating New State. A Choice to Make
As Nigerians consider the prospect of creating new states, it's essential to examine the facts, historical data, and potential implications. This informed decision-making process will enable citizens to make wise choices about the country's future. Past experiences have shown that creating new states comes with significant costs. For instance, the 1967 creation of 12 states led to increased administrative expenses, while the 1976 creation of 19 states resulted in higher recurrent expenditures. The 1996 creation of 36 states further escalated costs, with estimates suggesting that creating a new state could cost between ₦50 billion to ₦100 billion, with annual recurrent expenses ranging from ₦10 billion to ₦20 billion.

While creating new states may offer benefits like improved representation, local development, and increased access to resources, it's crucial to consider the potential risks. Increased debt and fiscal strain, deepened oil dependency, widened inequality, and potential destabilization of the economy are all possible outcomes. Nigeria's current debt stands at N121 trillion ($76 billion), and the country's reliance on oil revenues remains high, with 83% of exports attributed to oil. Many existing states struggle to fund recurrent expenditures without federal support, highlighting the need for careful consideration.

To make informed decisions, Nigerians must weigh the potential benefits and risks of creating new states. By examining the historical context, potential implications, and data-driven insights, citizens can make wise choices about the country's future. It's essential to consider the long-term effects of creating new states and to prioritize sustainable economic development, fiscal responsibility, and inclusive governance. Ultimately, the decision to create new states is a complex one that requires careful deliberation and a commitment to the well-being of all Nigerians.

Creating new states in Nigeria entails high costs—administrative overhead, increased debt, and corruption risks—against benefits like improved representation, local development, and political stability. As an individual Nigerian, what will your choice be? Make your voice heard.

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Видео PRICE AND BENEFITS: The Cost of Creating New State. A Choice to Make канала Abubakar Sadiq Kundak