The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has assured that it will provide, within the shortest possible time, a generally acceptable revenue sharing formula that will meet the yearnings and expectations of the three tiers of government in the country.
The assurance was given by the Federal Commissioner in charge of Bauchi and Gombe States in the Commission, Mohammed Kabir Usman, in Bauchi to sensitise critical stakeholders in Bauchi State on the review of the vertical revenue allocation formula.
Usman said the revenue was imperative in view of the fact that Nigeria’s structure had changed since 1996 with the creation of six additional states, bringing the number of states in the country to 36, while local government areas rose from 589 to 774.
This, the commissioner said, had led to agitations for the review of the revenue sharing formula by various interest groups, particularly state governments.
He said the sensitisation programme was meant to enlighten all major stakeholders, particularly the states and local governments on the need to participate and make relevant contributions in the process of the review.
“The conduct of this sensitisation programme became necessary because the political structure of the country has since changed with the creation of six additional states in 1996, which brought the number of states to 36. Correspondingly, the number of Local Government Councils also increased from 589 to 774.
“Various interest groups are yearnings for the review particularly, the state governments,” the RMAFC commissioner said.
Usman said the sensitisation exercise was designed to enlist the interests of stakeholders through interaction at various levels with a view to getting them informed to make useful inputs so that the commission would have a workable template to assist it in the task of evolving and bequeathing a new revenue sharing formula.
While saying that one of the constitutional functions of the RMAFC was to review revenue allocation formula and principle in operation from time to time to ensure conformity with changing realities, the commissioner called on stakeholders to contribute meaningfully to the exercise.
“I want you to use this opportunity to contribute positively towards ensuring the success of the review,” he told participants, adding that the exercise would assist the commission to come up with a just, fair, equitable and acceptable revenue allocation formula for the county.
The Bauchi State governor, Bala Mohammed, while reacting, said the ongoing review of the vertical revenue allocation formula was a welcome development.
The governor, who was represented at the occasion by the Secretary to the State Government (SSG), Ibrahim Kashim, commended the Federal Government for the move to review the allocation formula.
He, however, charged participants to contributions meaningfully in order to meet the yearnings and expectations of both government and citizenry.