EXPERTS have expressed worry over Kogi State Government’s plan for alternative sources of revenue, in the face of dwindling revenue accruing to states from the Federation Account.

The state has the potential to increase its stake in oil and gas as oil, since the discovery of oil in Ibaji local government area of the state. Also, the state has a unique potential to make the country a destination
for steel production if the Ajaokuta Steel Complex receives requisite attention. Yet, it is bugged down by the fact that it’s yearly budgets draw the major chunk from federal allocation and very little from internally generated revenue. This is critical, as it poses a major threat to the need
for rapid development of the state.