October 21, 2024
Obaseki

The Edo State Governor, Mr. Godwin Obaseki, has urged the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to review the present revenue allocation formula that would reflect the present and changing economic realities amid fiscal challenges faced by states in the wake of the coronavirus (COVID-19) economy.

Obaseki gave the charge on Thursday when he received the Federal Commissioner of the Revenue Mobilisation Allocation and Fiscal Commission, Alhaji Mohammed Kabir Usman and other members of the team on a courtesy visit at the Government House, Benin City.

Obaseki said: “Even as a state, we find ourselves under pressure as almost all federal agencies operating in the state rely on our support. It looks like it is only the salary of its staff that the Federal Government pays, while other operational logistics and expenses are shouldered by the state and the revenue allocation formula remains the same.

“I am happy you are in Edo and on your own, appreciate and understand the need to introduce more transparent ways of gathering data and information, which is the basis for determining the indicators for this allocation.

“We cannot continue this way especially due to some responsibilities borne by the state government. When local governments are in trouble, the states have to intervene. In Edo State, there are two local governments that we have to continue to give bail out.

“We believe in running an open government and urge you as a body to review the indicators, focusing on achieving objective data that will help the body make positive decisions as it affects revenue allocation for local governments and states.”

“Shortly, you will join us as we put pressure to ensure that the basis of revenue allocation, whether vertical or horizontal allocation is reviewed.

It is almost two decades since it was done and things have changed radically,” the governor noted.

Obaseki further added: “With the readjustment of the economy as a result of COVID-19, we are facing major difficulties as internal revenue has come down, particularly the local government. We had started to reform their revenue base and were doing well until COVID-19 surfaced in March this year. This is important for us.”

On his part, Usman thanked the governor for receiving his team, adding: “We are here in the state, a team of twelve people on a sensitisation and advocacy tour, which is the first of its kind.

“The Constitution empowers the Commission to determine the revenue sharing formula among the various stakeholders, that is, Federal, State and Local Government, from time to time. It also has the power to determine the salaries and allowances of all political, judicial and public officers of the federation.”

96 thoughts on “Obaseki Seeks Review Of Revenue Allocation To Reflect Economic Realities.”

  41. I have to thanks for the efforts you might have place in writing
    this site. I am just hoping to view exactly the same high-grade blog articles by you at a later time at the same time.
    In fact, your creative writing abilities has encouraged me to obtain my, personal site now 😉

    Also visit my blog post DevinTRepoff

    Reply

  81. We are a group of volunteers and starting a new scheme in our community. Your web site provided us with valuable information to work on. You have done an impressive job and our whole community will be grateful to you.

    Reply

  82. One of the leading academic and scientific-research centers of the Belarus. There are 12 Faculties at the University, 2 scientific and research institutes. Higher education in 35 specialities of the 1st degree of education and 22 specialities.

    Reply

  84. Undeniably believe that which you stated. Your favorite justification appeared to be on the internet the simplest thing to be aware of. I say to you, I definitely get irked while people consider worries that they plainly do not know about. You managed to hit the nail upon the top as well as defined out the whole thing without having side effect , people can take a signal. Will likely be back to get more. Thanks

    Reply

  85. Wonderful goods from you, man. I’ve understand your stuff previous to and you’re just too magnificent. I really like what you’ve acquired here, really like what you’re stating and the way in which you say it. You make it entertaining and you still take care of to keep it sensible. I can not wait to read far more from you. This is actually a great website.

    Reply

  88. Nice post. I used to be checking continuously this blog and I am inspired! Very useful information particularly the final phase 🙂 I care for such info a lot. I used to be seeking this particular info for a long timelong time. Thank you and good luck.

    Reply

  91. It’s a shame you don’t have a donate button! I’d without a doubt donate to this excellent blog! I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to brand new updates and will talk about this blog with my Facebook group. Chat soon!

    Reply

  95. I do agree with all the ideas you have presented for your post. They are very convincing and will definitely work. Still, the posts are too quick for newbies. May just you please extend them a bit from next time? Thank you for the post.

    Reply

  96. You really make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complicated and very broad for me. I am looking forward for your next post, I will try to get the hang of it!

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Related News

Dr. Nto

Ex Commissioner dares EFCC over frequent invitation by the anti-graft agency

October 17, 2024 69
IMG-20241017-WA0003

Defence: Military strength, crucial for economic growth and social Improvement… PROFORCE CEO

October 17, 2024 21