Connect with us

Headlines

Wike Faults Revenue Sharing Formula, Demands Increased Allocation to States

Published

on

Rivers state Governor, Nyesom Wike, has urged the  Revenue Mobilisation Allocation and Fiscal Commission to reduce revenue accruable to the Federal Government from the federation account to 40 per cent, and increase those of states and local government councils to 40 and 20 per cent respectively.

The governor said the current revenue sharing formula that allowed the Federal Government to take 52.68 per cent, and the states and local government councils to take 26.72 per cent and 20.60 percent respectively, was unacceptable.

Wike made the assertion when members of the RMAFC, led by its chairman, Elisa Mbam, paid him a courtesy call at the Government House, Port Harcourt on Wednesday.

The governor observed that despite the changes that the country had been through in the past 29 years, it was regrettable that it had continued to use the 1992 revenue formula prescribed by the military.

This was contained in a statement issued by the Special Assistant to the Governor on Media, Kelvin Ebiri titled ‘Wile calls for upward review of revenue allocation to states’ and made available to journalists on Wednesday.

Wike faulted the use of 1992 population figure, public school enrolment and public hospital bed spaces, land mass as formula for allocation of revenue.

He argued that a more equitable formula should also take into cognisance current population figure as well enrolment in private schools and number of bed spaces in private hospitals.

“Using the same formula of 1992 as a basis for revenue allocation in this country is so unfortunate. And to worsen the situation under a democratic dispensation, since 1999 till now, our country has not reviewed the revenue allocation formula” Wike stated.

Governor Wike urged the commission to reduce the revenue accruable to the federal government to 40 percent because the it has abdicated its responsibility of providing security and basic infrastructure to the federating states.

“You people should reduce the percentage of the federal government. Give them 40 percent. Give the states 40 percent, give Local Government 20 percent. In that way, most of the responsibilities that belong to the federal government will now be taken away and given to the States,$ he added.

He noted that the current centralised federal system in operation in Nigeria has made it impossible for most states to look inwards and harness their potentiall, saying the country’s vast resources, will continue to amount to nothing if the states  are not allowed to use their resources to drive and determine their development.

“We cannot talk about operating a federal system without having a fiscal federalism. It is practically impossible. Let’s cancel that word federalism, we are operating a unitary system.

“But you cannot be saying we are operating a federal system, at the same time operating a centralised system,” the governor said.

He expressed reservation about the willingness of the present federal government to implement the recommendations of the revenue mobilisation and fiscal commission, which is currently holding public hearing on new revenue sharing formula across the six geopolitical zones.

Revenue Mobilisation Allocation and Fiscal Commission (RMAFC)  chairman, Elisa N. Mbam explained that one the major mandate of the commission was to review from time to time the revenue allocation formular to conform with changing realities.

Mbam explained that it has become necessary to review the current formular because the last review was done in 1992.  He observed that there has been a lot of changes in the political and socio-economic situation of the country.

According to him, the data that will be collated from the states will help the commission to arrive at a fair revenue formular.

“We believe that what we will get from states will help us to come up with a revenue formular that will be fair, just and equitable,” he stated.

The Punch

Continue Reading
Advertisement


Click to comment

Leave a Reply

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

Headlines

UK Court Clears Ex-Petroleum Minister Alison-Madueke of All Corruption Charges

Published

on

Former Nigerian oil minister Diezani Alison-Madueke was on Wednesday found not guilty ​by a London jury of six bribery charges, after ‌a rare corruption trial of a high-profile former energy official.
Alison-Madueke, minister for petroleum resources between 2010 and 2015 under then-president Goodluck Jonathan, stood trial ​charged with five counts of accepting bribes and a ​charge of conspiracy to commit bribery, which she denied.
Prosecutors ⁠alleged Alison-Madueke, 65, was given “a life of luxury” in London ​from oil and gas industry figures seeking lucrative contracts in Nigeria, ​which has long grappled with mismanagement and corruption.
But the former minister, who was also briefly president of the Organization of the Petroleum Exporting Countries, ​said she never took any bribes and had no real ​influence over the awarding of lucrative government contracts.
After a trial at London’s Southwark ‌Crown ⁠Court, Alison-Madueke was acquitted by a jury of all six charges she faced after more than 46 hours of deliberation.
The not guilty verdicts are a major blow to British authorities, which began their ​investigation into corruption ​allegations against Alison-Madueke ⁠more than a decade ago.
Alison-Madueke stood trial alongside oil industry executive Olatimbo Ayinde, 54, who was ​charged with one count of bribery relating to ​Alison-Madueke ⁠and a separate count of bribery of a foreign public official.
Alison-Madueke’s brother Doye Agama, 69, was charged with conspiracy to commit bribery ⁠with ​his sister relating to payments made to ​Agama’s church.
Both Ayinde and Agama denied the charges against them and were also ​acquitted by the jury.

Source: Reuters

Continue Reading

Headlines

2027: Arise News Anchor Alleges Fresh Plot to Keep Atiku, Obi Off Ballot

Published

on

Arise Television anchor, Rufai Oseni, has alleged that there may be attempts to prevent key opposition figures, including Peter Obi and Atiku Abubakar, from appearing on the ballot for the 2027 general elections.

Oseni’s remark followed a Federal High Court judgment ordering the de-registration of some political parties.

Justice Peter Lifu of the Federal High Court in Abuja, on Monday, ordered the Independent National Electoral Commission (INEC) to deregister the African Democratic Congress (ADC), Accord Party (AP), Action Peoples’ Party (APP), Zenith Labour Party (ZLP), and Action Alliance Party (AAP) over alleged constitutional breaches.

The judgment arose from a lawsuit filed by the Incorporated Trustees of the National Forum of Former Legislators (NFFL), which argued that the affected parties failed to meet constitutional and statutory electoral performance requirements necessary for continued recognition as political parties.

Justice Lifu subsequently barred INEC from recognising the affected parties, accepting nominations from them or permitting them to participate in activities related to the 2027 general elections.

The ruling, if upheld, could affect the political ambitions of several politicians, including former Vice President Atiku Abubakar, who is the ADC presidential flag-bearer, and Osun State governor Ademola Adeleke, who is seeking re-election on the platform of the Accord Party.

But speaking on Arise TV’s Morning Show on Tuesday, Oseni described the court ruling as a “test” of public reaction, warning that more actions could follow ahead of the next general election.

According to him, opposition parties such as the African Democratic Congress, ADC, and the Nigeria Democratic Congress, NDC, should be cautious, claiming that efforts could be made to stop major figures from participating in the election.

Oseni argued that the judgment was part of a broader process aimed at shaping the political landscape ahead of 2027.

He maintained that the ruling came despite some of the affected parties having recorded electoral victories in recent elections.

He warned that Nigerians must remain vigilant to safeguard the country’s democracy, stressing the need for judicial reforms alongside efforts to tackle insecurity.

Oseni said: “NDC, ADC should be careful because there will be attempt, and this is me predicting now, to ensure that Obi, Atiku and other big contenders are not on the ballot.

“This that you saw yesterday is just a test. This is not the real place where the whole thing is going. This is me predicting now.

“You know before you have a show you test the microphone. They want to see the reactions of Nigerians. More is still coming.

“You can see how they carry a judgement when ADC won two House of Representatives seats in Kogi, one Kogi House of Assembly seat, APP one chairmanship seat in Jigawa, Zenith Labour party won several seats in Abia, but they still went ahead and issued judgement for deregistration after the Court of Appeal, a higher court, said it should stay on that.

“If we want to deal with this judicial rascality, can I tell you something? The judge that gave this judgment, nothing will happen to him. Nothing on this earth. They are just coming.

“And who is leading this group? Gbajabiamila. Have you forgotten what Gbajabiamila said on Hon Ajibade’s birthday? So they are just coming. This one is just a test. The next one they will do is the NDC.

“With the way they’re going, if Nigerians don’t shine their eyes when they will finally have this election, you will not have the major contenders in the ballot. This thing they have just done is to test reactions from Nigerians.

“I saw this thing coming. You know we are going into an election in which Atiku Abubakar is the only major candidate from the North. It’s not like the last one you have Kwankwaso that can split the Kano votes. And you have Peter Obi and general consensus that a lot of people are in abject penury, insecurity is raging hard.

“This is the beginning of many things. They are just testing the microphone. It’s engineered. More is coming. Nigerians, it is you that will save your democracy. Judicial reforms have become so important as insecurity in Nigeria.”

Continue Reading

Headlines

2027: Atiku Picks Rotimi Amaechi as Presidential Running Mate

Published

on

The African Democratic Congress (ADC) presidential candidate, former Vice President Atiku Abubakar, has picked former Rivers State Governor and former Minister of Transportation, Rotimi Amaechi, as his running mate.

Announcing the decision, ADC National Publicity Secretary, Bolaji Abdullahi, said Amaechi’s emergence followed broad consultations within the party and reflected his strong performance as runner-up in the party’s presidential primaries as well as his track records of service to his state and the country.

According to the ADC, Amaechi’s extensive experience across both the legislative and executive arms of government, as former Speaker of the Rivers State House of Assembly, two-term Governor of Rivers State, and former Minister of Transportation, makes him uniquely qualified to complement Atiku’s leadership, strengthen the party’s national appeal, and bolster its campaign to offer Nigerians an experienced and credible alternative ahead of the 2027 presidential election.

The party said the choice of Amaechi underscores its commitment to presenting a leadership team with proven governance experience and national appeal as it prepares for the 2027 presidential contest.

ThisDay

Continue Reading