Governors' Forum Task Buhari To Present New Revenue Sharing Formula To NASS Before May 29
The 36 State governors of the Federation, under the aegis of the Nigeria Governors Forum (NGF),on Thursday, charges President Muhammadu Buhari to present the new draft Revenue Mobilization Allocation and Fiscal Commission in 2022, to the National Assembly, before a new administration takes over on May 29, 2023.
The 36 State governors of the Federation, under the ageis of the Nigeria Governors Forum (NGF),on Thursday, charges President Muhammadu Buhari to present the new draft Revenue Mobilization Allocation and Fiscal Commission in 2022, to the National Assembly, before a new administration takes over on May 29, 2023.
The Chairman of the Nigeria Governors Forum and Governor of Sokoto State, Aminu Tambuwal disclosed made the appeal while briefing journalists, late Wednesday night at a meeting of the 36 State governors in Abuja.
According to Tambuwal, the purpose of the meeting, was to discuss critical national issues.
“It was a normal meeting of governors where we discussed issues concerning the country, the sub-nationals and of course, democracy and good governance.
“We discussed the new revenue formula submitted to Mr President by the Revenue Mobilization Allocation and Fiscal Commission and the need for us to approach Mr President for him to present the new draft formula to the National Assembly before this administration winds up
“We are going to meet with Mr President as a forum and we’ll appeal to him to present that formula to the National Assembly. We will see!”
It would be remembered that the RMAFC, in April, last year, presented a report on the review of the vertical allocation formula to the President Buhari for necessary action.
The report proposed a revenue-sharing formula of 45.17 per cent to the Federal Government, 29.79 per cent to States and 21.04 per cent to Local Governments.
In the current revenue-sharing, arrangement, the Federal Government takes home 52.68 per cent, while the State and Local Governments take 26.72 per cent and 20.60 per cent, respectively.
Tambuwal, said the Forum discussed the guidelines on financial regulations set by the Nigerian Financial Intelligence Unit, primary healthcare, and stamp duties, among others.
Recall that NFIU had set March 1, 2023, as the deadline on cash withdrawals from all federal, state and local government accounts.
NFIU also said any cash withdrawal by federal, state and local governments withdrew from 2015-2022, would be investigated.
But Tambuwal said their meeting was to mitigate the grey areas in the NFIU guidelines.
“We discussed the guidelines by the NFIU on financial regulation that is working on how to ensure that Nigeria is taken out of the grey list of the Financial Task Force.
“We discussed the issue of primary healthcare and the progress made so far during our induction course. Some states that have attained some milestones are going to receive awards for their performance.
“We also discussed the issue of stamp duties being owed to both the Federal and the State Governments and warehoused by the Central Bank and we are working to make sure that it is released for disbursement to both the Federal Government and the states.” He said.
Tambuwal while giving his assessment on the NGF, said the Forum has done very well, stressing that the Forum as an institution of governance they inherited from the past governors, he believed that the Forum had achieved a lot.
"I believe that a lot of achievements have been made, particularly as we made sure that we maintain the unity, the cohesion, the non-partisanship of this platform and making sure that in all that we do, it is about Nigeria first and of course, our various states.” He added
According to Tambuwal, the governors did not have a definite stand on the proposed removal of fuel subsidy by the incoming administration.
Governors who attended the Forum's meeting were Governor Nasir El-Rufai of Kaduna State, accompanied by the Kaduna State Governor-elect, Senator Uba Sani; Governors Godwin Obaseki (Edo), Babagana Zulum (Borno), Abubakar Badaru (Jigawa), Atiku Bagudu (Kebbi), Yahaya Bello (Kogi) and Duoye Diri of Bayelsa State.
Others include Seyi Makinde, Simon Lalong, Aminu Masari, Dapo Abiodun, Hope Uzodinma and Babajide Sanwo-Olu of Oyo, Plateau, Katsina, Ogun, Imo and Lagos States respectively, among others.
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