Governor Willie Obiano has proposed fifty per cent allocation to States, thirty per cent to Local Governments, and twenty per cent to Federal Government in the ongoing new revenue sharing formula review.
He made the proposals during the opening ceremony of the three-day interactive session with the Federal Revenue Mobilization Allocation and Fiscal Commission, in collaboration with Anambra State Government at Professor Dora Akunyili Women Development Centre in Awka.
Government House Correspondent, Emmanuel Okonkwo reports that Governor Obiano, represented by his Deputy, Dr Nkem Okeke, thanked the Revenue Mobilization Allocation and Fiscal Commission for the sensitization exercise and described the upward review of the revenue allocation formula by the commission as a welcome development.
The Governor noted that the States and local governments bear the heavyweight of social and economic activities, and development, and as such deserve more allocation than the Federal Government.
He further appreciated the Federal Government for making Anambra one of the oil-producing states in Nigeria which qualifies it as one of the beneficiaries of allocations given to oil-producing States in the country.
In an opening remark, the Federal Commissioner, Revenue Mobilization Allocation And Fiscal Commission, Mr Chima Okafor explained that the sensitization exercise was designed to enlist the interests of stakeholders through interactions at various levels in order to get informed and make useful inputs that can provide pathways for creating a workable template to assist the commission in its task of evolving, and bequeathing to the nation a fair, just and equitable new revenue sharing formula.
The event attracted government functionaries, traditional rulers, and other community leaders.
Recall that under the current revenue sharing formula, the Federal Government takes fifty-two point six-eight per cent, the States twenty-six point seven-two per cent and the local governments, twenty-point sixty per cent with thirteen per cent derivation revenue going to oil-producing State
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