New Revenue Formula: Commission Visits States, LGs …Chime Proposes 40:40:20

The Revenue
Mobilisation Allocation and Fiscal Commission had visited all the 36 states in the country and the Federal Capital Territory, as well as the 774 Local Government Council Areas to sensitise Nigerians to make inputs into the review process.
Speaking in Enugu during the South East zonal Public hearing recently, the commission’s Chairman, Chief Elias Mbam said  zonal public hearing on the process was also held in Nasarawa State for the North Central zone, Kaduna for the North West and that of Enugu for the South East zone, adding that other geo-political zones would be reached in the near future.
Mbam noted that the commission has been engaged in advocacy and mass mobilisation campaign on the review exercise through consultations, sensitisations and public hearings.
Speaking,  Governor Sullivan Chime of Enugu State proposed a new revenue sharing formula of 40% to the Federal Government,  40% to the States and 20% to the Local Governments.
In an address presented  through his Deputy, Mr. Sunday Onyebuchi during the public hearing at Nike Lake Resort Hotel, Enugu, Governor Chime described the current revenue sharing formula in Nigeria as lopsided saying that it needed to be reviewed to ensure equity and fair play.
According to him, states in the South East zone face enormous challenges including erosion control, cases of kidnapping among others, adding that such challenges could be more effectively checked with increased funding.
The State Chief Executive further observed that the state government occasionally takes the responsibility of the federal government, especially in the areas of road rehabilitation and equipment of the security agencies, advising that the states revenue share be reviewed to accommodate such challenges.
He, however, thanked the commission for choosing Enugu State as venue for the review exercise for the people of the South East zone assuring participants of the state’s hospitality to them.