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Emmanuel Seeks Hike In Revenue Allocation To States
The Akwa Ibom State Governor, Udom Emmanuel has called on the Federal Government to review upwards the revenue allocation to states in order to improve the economic growth and enhance industrialization in the country.
Emmanuel made this known while receiving a team from the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) on a sensitization visit led by the Federal Commissioner, Hon. Sunday Ayang, at Government House, Uyo.
The governor urged them to reflect on the major challenges of the states in their input, and work towards its implementation to further assist states tackle pending financial issues.
“Let me appreciate this call to my office, some of the grey areas and concerns you have pointed out, please, I want to appeal that this should be an exercise that will yield results.
“Honestly, the current sharing formula is not helping matters at all, especially we in the oil-producing areas. What you sign into law from the centre is also a major problem. How can you say that a community will take only 3% from the proceeds of the NNPC? It’s generating a lot of heat here but we are trying to manage that.
“Irrespective of going round, we all submitted memoranda for the PIB, but nothing was taken into consideration.
“So, I hope this won’t be a similar exercise. I hope that what we contribute will be taken into consideration? What we should do should help build and unite the country, coordinate economic activities for our growth, and for the interest of everybody so that we can live at peace.
“I welcome you to the state, be rest assured you will have all our cooperation, and the exercise will go smoothly. Please, let it be an exercise that will yield success and not another fruitless labour you are embarking on ’’, the governor stated.
The governor pointed out that the state does not receive revenue from the large gas reserve, VAT from International Oil Companies (IOC) operating in the state.
“Gas is a major issue, I can’t be a state that sits on the largest quantum of gas in this country, and I am not getting anything. 36.1% of oil and gas reserve of Nigeria is in Akwa Ibom State, and I am not getting anything from gas. So, how is it computed? There is something wrong somewhere, it is wrongly computed.
“These are raw data that can be verified anywhere. Now, there is another controversy of VAT, all VAT from these IOCs, where are they paying them to? They are not paying them to us, so there are many things you should look at and develop for the Federal Government.
“So, VAT from IOCs, from oil and gas should actually go to the states these things are produced”.
He called on the Federal Government to review the revenue allocation of the state to address the issue of population increase, marine security along the coastal lines, erosion menace to reduce the burden of the state government.
In his remarks, the team leader from Revenue Mobilization Allocation and Fiscal Commission and Federal Commissioner representing Akwa Ibom State, Hon. Sunday Ayang, stated that the purpose of the visit was to sensitize Akwa Ibom people on the review of sharing formula between the federal, states and local governments, where stakeholders would send in their inputs to capture grey areas.
According to Ayang, the Constitution makes provision for the exercise to be carried out every five years to further improve on revenue among the three tiers of government, noting that the team was working towards presenting memoranda before President Muhammadu Buhari for assessment and necessary action.
“It is an honour to be here, Your Excellency, to discuss matters of revenue allocation formula review, the primary purpose of our visit is to sensitize the people in the state of the fact that Revenue Mobilization Allocation and Fiscal Commission is embarking on an exercise to review vertical formula of sharing the revenue among the three tiers of government’’.
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HYPREP Plans 1,500 Jobs, Expanded Skills Training as Ogoni Cleanup Records Progress
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RHI, RSG Empower 500 Senior Citizens In Rivers
The Renewed Hope Initiative in conjunction with the Rivers State Government has empowered 500 elderly citizens in Rivers State with financial support of N200,000 each.
The empowerment programme was part of activities to celebrate the third anniversary of the Renewed Hope Initiative Elderly Support Scheme RHIESS, a social investment policy initiated by the First Lady of the Federal Republic of Nigeria, Senator Oluremi Tinubu.
Speaking at the event which held at the Government House, Port Harcourt, recently, under the theme, ‘Finding Joy in Old Age,’ Senator Tinubu said the gesture which has become traditional since 2023 was a mark of gratitude in recognition of the invaluable contributions of the senior citizens to nation building.
The First Lady who was represented by the wife of the Rivers State Governor and State Coordinator of the Renewed Hope Initiative, Lady Valerie Fubara, said the scheme was to “support two hundred and fifty (250) vulnerable elderly citizens aged 65 and above in all the 36 states of the federation, the Federal Capital Territory, and veterans from the Defence and Police Officers’ Wives Association (DEPOWA) totalling 9,500 selected beneficiaries across the nation.
She urged the beneficiaries to engage in activities that will make them find joy in old age.
“I encourage you to continue playing your part by staying healthy and active, nurture both your body and mind through regular exercise and meaningful engagement,” Senator Tinubu advised.
On her part, Lady Fubara said the State Government through the magnanimity of the governor, Sir Siminalayi Fubara, has increased the beneficiaries of the programme from 250 to 500.
She restated the commitment of the State Government towards provision of social welfare and improving the standard of living of the elderly in the State.
Also speaking, the Executive Secretary, Rivers State Contributory Health Protection Programme (RIVCHPP), Dr Vetty Agala, said the State Government has through the Health4allrivers Initiative, introduced free medical care for senior citizens in the State, in line with the Renewed Hope Initiative.
News
Expedite Action On MBA Forex Operator’s Prosecution, Rivers NUJ Tells EFCC
The Nigeria Union of Journalists (NUJ), Rivers State Council, has urged the Economic and Financial Crimes Commission (EFCC) to expedite the prosecution of the Director of the now distressed MBA Forex Trading, Mr. Maxwell Odum, in the interest of justice.
The Rivers State NUJ made the appeal during a courtesy visit to the EFFC’s Ag. Zonal Director, ACE Hassan Saidu, in Port Harcourt, recently.
The council’s chairman, Comrade Paul Bazia, said the appeal became imperative after it considered the number of Nigerians and others involved in the financial misconduct.
According to him, it has caused hardship among many households in the country and should be given the attention it deserves.
He said that investors cannot come into a country or invest in an economy or nation ridden with fraud.
This, he said, has made it more imperative to arrest, prosecute and convict alleged fraudsters like the MBA Forex Director, who is alleged to have defrauded thousands of unsuspecting Nigerians, to serve as a deterrent to others.
The chairman also requested that while the trial lasts, part of the swindled funds should be given to the victims that suffered loss and trauma as a result of the fraud.
The NUJ reiterated its resolve to change the narrative of reportage from crisis to developmental communication.
According to him, the NUJ’s main focus is blue economy and tourism.
He expressed the readiness of the Council to partner the agency in the area of information dissemination.
“We believe you have a responsibility to fight financial crimes. We also know that you need the Press to publicize your activities and NUJ can provide that,” he said.
Responding, the Zonal EFFC’s boss commended the NUJ’s vision to change the narrative of reporting from crisis to developmental communication.
According to Saidu, the Western world have since imbibed such culture, hence the negative stories about them are carefully sifted to allow only positive ones to be released to the outside world.
As for the trapped funds to be released, the EFCC Zonal Director stated that only the court can authorize such action, stressing that the primary responsibility of the Commission is to arrest and prosecute.
He pledged to partner with the NUJ now that the leadership has visited the Commission.
The Head of the Legal & Prosecution Department, DCE Odiase Stephen, corroborated the Zonal Director’s position and stressed that it was only when the matter has been determined by the court that such funds can be released.
He further stated that once a matter is before a court of competent jurisdiction, it cannot be discussed outside.
By: King Onunwor
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