City Crime
North-East Seeks Review Of Vertical Revenue Sharing Fomula
Stakeholders from the North East geo-political zone have advocated for the review of revenue sharing formula, to increase allocation to states and local government councils in the country.
They made the call at a public hearing on the review of the vertical revenue allocation formula for the North East zone held in Gombe yesterday.
The forum was organised by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).
The stakeholders said the call was imperative to allow the states and LGCs to have more resources for the development of their respective states.
They described as lopsided the current formula where the Federal Government received 52.68 per cent; states 26.72 per cent and 20.60 to the LGCs.
Governor Inuwa Yahaya, who inaugurated the forum, said that the sharing structure should be tailored towards more people centred, equitable and fairer allocation formula.
“Where the Federal Government earns 40 per cent, the states 35 per cent and the LGCs 25 per cent is the consensus view of our people and is hereby proposed to the RMAFC,” he said.