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Gov Al Makura Advocates New Revenue Sharing Formula
The Nasarawa State governor, Umaru Tanko Al-Makura, has called on the federal government to come up with a revenue allocation formula that would ensure even distribution of the nation’s wealth.
The governor made the call at the opening ceremony of a two day public hearing on the review of the revenue allocation formula for the North Central Zone which was held in Lafia,Nasarawa State capital on Wednesday.
Al-Makura, who was represented by his deputy, Dameshi Luka Barau, noted that since 1992, the nation has been unable to come up with a new revenue formula that would reflect changing realities in the state and local government areas.
He expressed dismay at the level of imbalance in the current revenue allocation formula.
“It is no longer news that one state in the South-south receives more than the allocation of the entire North Central zone. This is not only unacceptable but regrettable since we are all contributors to the national wealth and therefore it sharing should be fair”, governor Al – Makurasaid.
Also speaking at the occasion, the chairman Revenue Mobilisation Allocation and Fiscal Commission,RMAFC, Elias Mbam, said the commission is set to review the current formula in line with paragraph 32 (b) part 1 of the third schedule to the 1999 constitution.
This empowers the commission to ” review from time to time, the revenue allocation formula and principles in operation to ensure conformity with changing realities, provided that any revenue formula which had been accepted by an Act of the National Assembly Shall remain in force for a period of not less than five years from the date of commencement of the Act.”
Mbam pointed out that the review exercise will be the basis for a new revenue allocation formula amongst the three tiers of government.
While observing that the revenue allocation in Nigeria is very sensitive and has serious implications on the unity and socio-economic developments of the country, he enjoined stakeholders at the hearing to be patriotic in their contributions, adding that every section of the country should be considered equally.