Revenue Allocation Formula

Topics: President of the United States, Federal government of the United States, Nigeria Pages: 4 (1351 words) Published: April 3, 2011
 New Nigerian September 5, Daily Champion Sept.6, Daily Trust Sept.7, Leadership Sept. 7, Sunday Tribune Sept. 10, Daily Sun Sept 12, Vanguard Sept.15&10, Daily Independent October 4, 2006
It was my last official outing as Head of Public Relations at the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) when I joined other members of the Commission to the inauguration of a Special Committee on Revenue Allocation constituted by Federal House of Representatives. The inauguration which was held on August 23, 2006 came in the realization that since the 1992 Revenue Allocation Formula, the nation is yet to have constitutionally backed sharing indices for the Federal (FG), States and Local Government Councils (LGCs). The politics of revenue allocation even in the present democratic dispensation has been so contentious that a week after, the Special Committee headed by House Leader, Abdul Ningi had to undertake Public Hearings between August 28 to30, 2006 across the six geopolitical zones. In all the centres there were heated debates and even some threats. At the inauguration were the Chairman of RMAFC Engr. Hamman Tukur whose Commission is constitutionally mandated to fashion out the revenue formula and the Minister of Federal Capital Territory (FCT), Mal. Nasir Elrufai who was there to present the Federal government’s perspectives on the proposal. There are already some levels of misconception arising from arguments at the inauguration. For instance while the Chairman of RMAFC restated the need for Special Funds to address the need of the constituent units under the custody of Federal Government for joint administration by stakeholders, there have been misinterpretations on this aspect in some sections of the media. The Minister of FCT too made a very strong representation on behalf of FG where he said it is needless the argument for the creation of ‘parallel bodies on fiscal issue.’ This was in...
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