How resource control and fiscal federalism will have to work to be effective 

Ayo Akinfe 

[1] Our 36 states should be increased to 42 with seven representing each geo-political zone 
[2] Each of our 42 states will control all the resources within its domain 
[3] 50% of all generated revenue will be kept by the state 
[4] 20% of raised revenue will be paid into the federation account 
[5] 15% of raised revenue will be paid into a geo-political zone account 
[6 15% of raised revenue will be paid into a sovereign wealth fund which all states can borrow from but only for capital projects 
[7] States will be responsible for creating local governments within their domains 
[8] Local governments will raise their taxes independent of governors and spend such revenue as they deem fit 
[9] State governments will have nothing to do with those constitutional obligations of local governments such as primary schools, refuse disposal, markets, shopping malls, motor parks, etc 
[10] Our constitution needs to be amended to mandate state and local governments to spend at least 40% of their annual budgets on capital projects for the next 50 years