Former President Goodluck Jonathan says recommendations of the 2014 National Conference organised by his administration will solve many of Nigeria’s problems.
He spoke at the Rivers State 50th year anniversary in Port Harcourt on Wednesday.
Jonathan insisted that fiscal federalism was the system that would develop Nigeria.
“This will allow states to assume control of the exploitation of their natural resources and mandate them to pay adequate taxes to the Federal Government,” he said.
”My conviction that fiscal federalism will initiate faster development is borne out of a comparison between the intervention Agencies and the 13 percent derivation.
”From the days of Special Funds, through OMPADEC to now NDDC, the Federal Government has provided funds for the development of the oil bearing communities but very little physical infrastructure to show for it.
“This is so because these bodies are highly political and lack continuity as tenures are hardly completed. New Federal Government administrations appoint new teams who award new contracts hence the zone is littered with abandoned projects.
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