Toba Owojaiye Reporting
The Federal Government, State Governments, the Federal Inland Revenue Service (FIRS), and other entities were set to share a staggering N3.8 trillion Stamp Duty Fund, the nation buzzed with anticipation and scrutiny.
The breakdown of this colossal fund distribution was as follows: the Federal Government would claim 14%, while the State Governments would be the major beneficiaries with 73%. FIRS, responsible for tax collection, was allocated 4%, and the remaining 9% earmarked for various other beneficiaries.
With such an immense sum at stake, the nation’s eyes were on the governors, who had the lion’s share to manage. Expectations soared as citizens urged their leaders to “Show Working!” The responsibility to utilize these funds judiciously weighed heavily on their shoulders, and the public demanded transparency and accountability in every aspect.
As the news reverberated through the country, a renewed hope emerged that these funds would be channeled into vital infrastructure projects, education, healthcare, and other essential services. The promise of a brighter future hinged on how effectively the governors and authorities could harness this windfall for the benefit of the people.