Politics
Ikpeazu Harps On Fiscal Federalism
Governor Okezie Ikpeazu of Abia State has called for true fiscal federalism where States will have powers to manage resources in their domains, saying it is the only way forward for the country.
Ikpeazu made the call when he received in audience a delegation led by the Federal Commissioner, representing Abia State at the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Chris Akomas at Government Lodge, Aba.
He equally advocated in the case of natural resources that states should control those domiciled in their area and pay royalties to the federal government.
The governor recalled that the Eastern Region of Nigeria used to be the fastest growing economy in the world during the times of Dr. Michael Okpara; when there was true federalism with different regions controlling their resources.
He made it clear that every region was not equally endowed by nature and as such, they must be allowed to enjoy the advantages of those endowments since the regions also live with the disadvantages of such endowments, especially environmental degradation.
He stressed the need for funds reserved for Federal roads by the Federal Government to be sent to the states to fix such roads that cut across the states.
Ikpeazu maintained that states should be allowed and empowered to do Federal government roads in their domains.
The Governor observed that the call for states to make contributions to the ongoing review of the revenue sharing formula by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) was desirable, adding that the move for the review by the RMAFC was laudable and assured that Abia State would cooperate with the Commission and make her position known soon.
Dr. Akomas, who is the Chairman of the Committee on Disbursement of the Commission, had earlier told the governor that the team was in the state to sensitize the Abia State Government on the ongoing process of the review of the revenue sharing formula of the Federal Government.
He stated that the process of reviewing the revenue sharing formula is the constitutional responsibility of the Commission and said that response to the review was urgent while the next stage would be the Zonal Public hearings where states would make their positions known.
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NASS Sets Date For 2025 Budget Passage
Chairman, Senate committee on appropriations, Sen. Solomon Adeola, stated this on Monday in Abuja at a meeting with the chairmen of standing committees in the Senate.
According to him, Jan. 31 is the date for laying of reports on the appropriation bill before the Senate and the House of Representatives.
He said upon resumption from Christmas and New Year break on Jan. 14, both chambers of the national assembly would suspend plenary for two weeks for budget defence by ministries, departments and agencies (MDAs).
Sen. Adeola also said that NASS had fixed Jan. 9 for an open day on the budget to enable various stakeholders, aside heads of MDAs, to make inputs on the budget.
“A tentative time table has been drawn for consideration of the budget at committee level.
“Budget defence sessions begin from Jan. 7, while reports from various committees are expected to be submitted from 15th to 18th of this month.
“Afterwards, collation and tidying up of the various reports will be done by the appropriation committee, with the hope of laying final report on the budget at the Senate on 31st of this month.
“However, the 31st of January fixed for laying of the budget is tentative, as it is just given to guide our work,” he said.
The principal officers of the Senate who attended the meeting included: the Deputy Leader, Sen. Lola Ashiru and Senate Whip, Sen. Tahir Monguno.
They said that the timeframe for consideration and passage of the 2025 budget by the national assembly was short.
They, however, expressed hope on the timely passage of the budget.
The committee, thereafter, went into a closed door session with chairmen of the various standing committees in the Senate.
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