Ortom Calls For Review of Revenue Sharing Formula In Nigeria
Benue State Governor, Samuel Ortom, has called for an upward review of the revenue sharing formula in the country to make more money available to states and local governments for greater development.
The governor spoke yesterday at the Benue Peoples House, Makurdi when the Federal Commissioner representing Benue State at the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, Chief Adaa Maagbe paid him a courtesy visit.
He said it was no longer feasible for states to cope with development realities and the new national minimum wage using the current revenue sharing.
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Governor Ortom stated that states were willing to pay the N30,000 national minimum wage but would do better if the revenue sharing formula undergoes upward review.
He reaffirmed his directive to caretaker chairmen in the state and the Bureau for Local Government and Chieftaincy Affairs to comply with the guidelines issued by the Nigerian Financial Intelligence Unit (NFIU), pending the hearing and determination of the suit filed by the Nigerian Governors’ Forum challenging the constitutionality of the new regulations.
The governor expressed appreciation to President Muhammadu Buhari for finding Mr. Maagbe worthy of the appointment, expressing the hope that Benue would fare better in terms of revenue sharing than the past two years when the state had no representative at the RMAFC.