Ogun State Governor, Dapo Abiodun has called for an upward review of States revenue allocation sharing formula from 26.7 percent to 45 percent.

Under the current revenue sharing formula, the Federal Government takes 52.68 percent, the states 26.72 percent and the local government councils, 20.60 percent with 13 percent derivation revenue going to the oil nine producing states.

But Abiodun, in canvassing for the upward review, submitted that the current formula is no longer in tune with economic realities

He said the increase would allow for “more developments in the states.”

Abiodun, who was represented by his Commissioner for Finance and Chief Economic Adviser, Dapo Okubadejo, said this in Lagos while speaking at the South West Zonal Public Hearing on Review of Revenue Mobilisation Allocation and Fiscal Commission.

Abiodun also noted that there should be a downward review of the allocation of the federal government to 30 percent.

Making the proposal, the Governor said the formula should be reworked to stand as 30 percent to Federal; 45 percent to states; and 25 percent to Local governments, as against the current stand.

Abidoun also wants the Exclusive List amended to allow each tier of government to concentrate on areas that will better touch the lives of the people.

The governor, who attributed the current imbalance in the revenue sharing formula to the provisions of the 1999 Constitution, particularly the Exclusive Legislative List, maintained that States have increasingly borne significant additional increase in managing issues relating to maintenance peace, security, education, infrastructural development, and social welfare programmes, among others.

The State Government further called for a review of the Social Development Factor of the allocation formula in line with modern day realities areas of education, health and population, saying, “population density should replace population and land mass as independent factor in revenue allocation”

helinues:
That 45% is not feasible at all.

The ones the state governors have been collecting, what have they done with it?

helinues:
That 45% is not feasible at all.

The ones the state governors have been collecting, what have they done with it?

orisa37:
The Answer is NO.

WE SAY TAKE 90% OF ALL YOU WORK FOR AND GIVE 10% TO JOINTLY RUN THE FEDERAL GOVERNMENT.

stampo:
Do you know that if the other side of this country has gotten what the south has....
Long time ago, there wouldn't be any thing called Nigeria ?

Only VAT , everywhere shake ...
Y ask for 45% when you can actually have it all...

Femiwilli:
The parasitic leeches wont like this!

They are determined to suck the south dry, let them generate revenue from kidnapping

helinues:
That 45% is not feasible at all.

The ones the state governors have been collecting, what have they done with it?