Zulum tasks RMAFC on review of revenue sharing formula
According to him, the review would help states to diversify and increase their Internally Generated Revenues (IGR) to execute projects and service delivery to the people.
Speaking at a national sensitisation programme on revenue sharing formula in Maiduguri, yesterday, he said: “I’m happy to announce that in the last six months, we have witnessed 24 per cent increase in our collected revenues.”
Zulum, who was represented by the Chief of Staff, Prof. Isa Marte, attributed the increase to proactive measures against many years of leakages with the Treasury Single Account (TSA) for Ministries, Departments, and Agencies (MDAs).
He added that the rebranding of the Borno State Geographic Information Service (BOGIS) has also increased the rates at which revenues were being collected.
According to him, with the dramatic increase in IGR, the revenue target for 2022 would be N19 billion.
Marte noted that if the Lagos State government could increase its monthly IGR from N1 billion in 1999 to N34 billion this year, Borno State could also meet its revenue target of N19 billion by 2022.
The Borno Chief Judge, Justice Kashim Zannah, also demanded an upward review of the revenue sharing formula, saying the remains the second largest in the country in terms of landmass.
In his remarks, the Federal Commissioner representing the state on RMAFC, Alhaji Adamu Adamu Dibal, said the 1999 Constitution (as amended) empowers the Commission to regularly review the revenue allocation formula.
According to him, the commission, given the changing socio-economic and political dynamics in the nation, was engaging stakeholders to fashion a new sharing formula.
He noted that the review was to fulfill the collective aspirations of the people for sustainable development.
“We are here to enlist the interests of stakeholders to get informed inputs for the revenue sharing template,” he said.
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