Niger Delta
Bayelsa To FG: Review Revenue Sharing Formula
Bayelsa State Government has called on the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to review some of its revenue sharing parameters in the interest of equity and fairness.
Governor Douye Diri made the call while declaring open a sensitisation programme on the review of the existing revenue allocation formula organised by the commission tin Yenagoa, the state capital.
Represented by his Deputy, Senator Lawrence Ewhrudjakpo, the Governor kicked against the continued use of number of local governments as a yardstick for sharing revenues in the country.
He pointed out that Bayelsa was being shortchanged with only eight local government areas even though it has more square kilometers than several states in the country.
According to governor Diri, Bayelsa has about 11,000 Square Kilometers, noting that some of its local government areas like Southern Ijaw was equivalent to five or more council areas elsewhere in the country.
He also frowned at the allocation of revenue accruing from the disputed Soku oil field to Rivers State,noting that it was worrisome.
Speaking earlier when a delegation of the commission led by the Commissioner representing Bayelsa, Hon. Alfred Egba, paid him a courtesy call in his office, the Governor stressed the need for all such revenues to be deposited in an escrow account.
“It is unfair that for a judgement that we are still contesting in court, RMAFC is in a hurry to allocate revenues coming from the Soku Oil wells to Rivers State.We ordinarily had expected that, that money would have been kept in an escrow account, pending when the case is finally determined. We know that Rivers State has a lot of resources and connections, but our take is that the right thing should be done”, he said.
“We believe there is always a way of using history to guide the future. I say so because this oil dispute we are talking about, RMAFC itself had taken a decision several years ago. So, we expect the commission to stand by that decision.
“Secondly, we believe that some of the indicators, you are using to share revenues currently do not promote equity and fairness in this country and therefore not acceptable to us.For instance, we do not agree that you should continue to use local government areas as a basis of sharing revenues. It is faulty because the creation of local governments was not done scientifically”, he added.
“It was purely political and a case of who was holding the knife and the yam at the time of creating them. And so, those who had the knife cut more to themselves.You are aware that, if we are to take Southern Ijaw Local Government Area and place it on some states, Southern Ijaw is equivalent to several local government areas in those states.”
“Bayelsa has about 11,000 Square Kilometers with only eight local government areas. While some states with about 6,000 Square Kilometers have 13 local government areas or more. So, where is the justice and fairness?”, he noted.
Also speaking, the Secretary to the State Government, Rt Hon. Konbowei Benson, also stressed the need for the Commission to review the extant revenue sharing formula in an expeditious manner, as it has been in use since 2004.
Rt Hon Benson, who was represented by the Permanent Secretary, General Services, Mr Anthony Ikhobo, urged the participants to come up with ideas targeted at achieving a more equitable distribution of accrued revenue from the Federation Account for the benefit of all tiers of government.
Earlier in his remarks, the Team Leader, Hon Alfred Egba, assured that the commission would do all within its powers to consider the inputs of various stakeholders with a view to fashioning out a more acceptable revenue sharing formula.
By: Ariwera Ibibo-Howells, Yenagoa
News
China Alerts Rivers, A’Ibom, Abia Govs To Economic Triangle
The Mayor of Housing, My-ACE China, has alerted the Governor of Rivers, Akwa Ibom, and Abia states to what he calls an emerging ‘Economic Triangle’ within their states.
Mr China, a real estate success strategist who has won numerous local and international awards, has thus drawn the attention of the governors of the concerned states to the emerging development and has urged them to intentionally accelerate the emergence of the economic triangle.
Speaking to newsmen in Uyo, Akwa Ibom State capital at the conclusion of his business trip to the state, Mr China, who is the managing director of the Housing and Construction Mayor Limited, said the envisaged economic corridor would compete favourably with the Lagos economic hub or even better.
He said: “Talking about ‘Economic Triangle’, the only place that can wrest economic power from Lagos is Akwa Ibom, Abia, and Rivers states axis or corridor. This corridor contains more than Lagos has, if they can be interconnected with smooth roads, ports, and if their blue potentials are unlocked. They will not only wrest power from Lagos but would be more lucrative.”
The investor who is behind the emerging Alesa Highlands Green Smart City in Eleme, near Port Harcourt, said the new ‘Economic Triangle’ has a bigger potential due to massive land assets with the corridor plus blue economy and the existing hydrocarbon industry.
Explaining, Mayor of Housing said Aba (Abia State) provides the biggest fabrication capacity in West Africa to supply goods to the Gulf of Guinea; Port Harcourt provides access to the Gulf of Guinea for off-taking Aba products, and the Uyo provides deep sea port at Ibaka and international airport facilities as well as forest reserves for massive agro-economy.
He said with sea ports in Rivers State and deep seaport in Akwa Ibom, and international airports in Rivers and Akwa Ibom, Aba can focus on adequate power supply and fabrication boom to supply a new booming market around the economic triangle.
By doing this, he said, jobs would spill out in huge quantities and more manufacturers would be drawn from all over Africa to boost the fast coming African Continental Free Trade Agreement (AfCFTA). He said Nigeria would thus have two major trade nodes in West Africa; Lagos and the PH/UYO/Aba triangle.
He said goods going to or coming from Chad, Niger, and the rest of Central Africa can head to the Lagos ports or to the Ibaka/PH ports zone in the new economic triangle.
He said with power supply made stable, good roads, excellent security system, and ease of doing business enthroned in the zone, the South-South and South East would become the biggest economic nerve in the near future.
Mayor of Housing called on governors of the three states to be intentional about the new corridor, put away political differences (if any), and create this corridor by agreeing on projects each state would execute with a short period of time so the states would be linked by good roads, communication, security, trade laws, concessions to investors, etc.
He remarked that northerners were already heading to the Onne Port in Rivers State to export goods, saying creating a commission to oversee the development of the ‘Economic Triangle’ would fast-track its emergence.
He observed that people of the three states are peaceful and usually preoccupied with zeal for economic prosperity, saying that if they are linked to such huge opportunities staring at them in the emerging economic triangle, they would totally shun violence and focus on prosperity.
Mr China insisted that the emerging economic triangle would form a big node not only into the Gulf of Guinea economic zone but into Africa because AfCFTA is about production, certification, market availability, and easy transport nodes by sea and air. He said the new economic triangle boasts of all the factors.
“They can only realise this by working together, through collaboration. One state cannot do it but a triangle of the three will create it through seamless interconnection, ports, industrial park, etc. The people will be the richest and internally generated revenue (IGR) will be the biggest in the country,” he said.
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