Governors Urges President Buhari To Present NASS The New Revenue Formula Plan .


Governors of the 36 States of the Federation have resolved to meet with the President, Major General Muhammadu Buhari (retd.), over the new revenue draft presented to him by the Revenue Mobilization Allocation and Fiscal Commission in 2022, Chairman of the Nigeria Governors Forum and Governor of Sokoto State, Aminu Tambuwal has said.

The meeting according to the outgoing governor is to plead with the Commander-in-Chief to present the new draft formula to the National Assembly before May 29, 2023, when a new government will take over the reins of power.

Tambuwal disclosed this late Wednesday night at a meeting of the 36 Governors under the aegis of the Nigeria Governors Forum in Abuja.

The well-attended meeting which lasted over three hours also had in attendance the Chairman of the National Assembly Service Commission, Mr Ahmed Amshi.

Addressing journalists at the end of the meeting, Governor Tambuwal said, “It was a normal meeting of governors where we discussed issues concerning the country, the sub-nationals and of course, democracy and good governance.

“We discussed the new revenue formula submitted to Mr President by the Revenue Mobilization Allocation and Fiscal Commission and the need for us to approach Mr President for him to present the new draft formula to the National Assembly before this administration winds up.

“We are going to meet with Mr President as a forum and we’ll appeal to him to present that formula to the National Assembly. We will see!”

According  to The Punch report in April 2022, the RMAFC presented a report on the review of the vertical allocation formula to the President, Major General Muhammadu Buhari (retd) for necessary action.

The report proposed a revenue-sharing formula of 45.17 per cent to the Federal Government, 29.79 per cent to States and 21.04 per cent to Local Governments.

In the current revenue-sharing arrangement, the Federal Government takes home 52.68 per cent, leaving the State and Local Governments with 26.72 per cent and 20.60 per cent respectively.

According to Tambuwal, the Forum also discussed the guidelines on financial regulations set by the Nigerian Financial Intelligence Unit, primary healthcare, and stamp duties, among others.

“We discussed the guidelines by the NFIU on financial regulation that is working on how to ensure that Nigeria is taken out of the grey list of the Financial Task Force.

“We discussed the issue of primary healthcare and the progress made so far during our induction course. Some states that have attained some milestones are going to receive awards for their performance.

“We also discussed the issue of stamp duties being owed to both the Federal and the State Governments and warehoused by the Central Bank and we are working to make sure that it is released for disbursement to both the Federal Government and the states.

On his assessment of the NGF so far, Governor Tambuwal said the Forum has done very well, noting that “As a Forum and an institution of governance that we inherited from our leaders, the past governors; I believe that a lot of achievements have been made, particularly as we made sure that we maintain the unity, the cohesion, the non-partisanship of this platform and making sure that in all that we do, it is about Nigeria first and of course, our various states.”

When asked if the governors took a definite stand on the proposed removal of fuel subsidy by the incoming administration, the outgoing Sokoto State Governor said, “No.”

In attendance was Governor Nasir El-Rufai of Kaduna State, accompanied by the Kaduna State Governor-elect, Senator Uba Sani: Governors Godwin Obaseki (Edo), Babagana Zulum (Borno), Abubakar Badaru (Jigawa), Atiku Bagudu (Kebbi), Yahaya Bello (Kogi) and Duoye Diri of Bayelsa State.

Others include Seyi Makinde, Simon Lalong, Aminu Masari, Dapo Abiodun, Hope Uzodinma and Babajide Sanwo-Olu of Oyo, Plateau, Katsina, Ogun, Imo and Lagos States respectively, among others.