Governor Nyesom Ezenwo Wike of Rivers State

Development: Governor advocates new revenue-sharing formula for states

*We advocate a new revenue formula that should take more revenue out of Federal Government and given to the states, says Governor Nyesom Ezenwo Wike of Rivers State

*RMAFC’s 2018 verification exercise characterised by fraud because certain data supplied by some states were very spurious ─Top Official

Isola Moses | ConsumerConnect

Emphasising that the states as constituents in the Nigerian Federation bear more development burden and would require more money to cater to the needs of their people, Governor Nyesom Ezenwo Wike of Rivers State has advocated a fresh revenue sharing formula that will make them get more money for development purposes.

The governor made the suggestion Tuesday, September 29, when receiving a delegation of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) on a courtesy visit to the Government House, in Port-Harcourt, Rivers State capital.

It was learnt Wike pointed out that the states bear more development burden and would require more money to cater to the needs of the people.

He said: “There cannot be a Federal Government without the states. So, we advocate a new revenue formula that should take more revenue out of the Federal Government and given to the states.

“This is because the burden is more on the states than the Federal Government. So, the states should have more revenue to cater for the people.

The Rivers State Governor applauded the Commission for taking the bold step to correct fraudulent practices adopted by some states in order to gain financial advantage.

Wike assured that the state would continue to interface with the Commission to make their work easy.

He also restated his administration’s determination’s to deploy all resources received for the development of the State.

Alhaji Mohammed Kabiru Usman, Leader of RMAFC delegation, said they were on an advocacy and sensitisation tour to the state.

The Commission’s 2018 verification exercise was characterised by fraud because some data supplied by some states were very spurious.

Usman said that such over-inflated figures were to make those states to get the money that they did not deserve and deny others.

According to him, the visit would afford them the time to sensitise the relevant financial officers in the state on the importance of providing correct data to the Commission.

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