3 weeks ago
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The president of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr Mohammed Bello Shehu, has reaffirmed the Commission’s determination to nutrient a new, equitable, and data-driven gross allocation look that reflects Nigeria’s existent economical and law realities.
Speaking astatine a sheet treatment titled “Recalibrating Nigeria’s Revenue Allocation Formula” held connected Monday successful Abuja, Dr Shehu said the existing formula, approved successful 1992, nary longer reflects Nigeria’s fiscal responsibilities, demographic shifts, oregon governance realities.
He explained that caller amendments to the RMAFC Act person empowered the Commission to prosecute straight with backstage assemblage entities, including lipid companies, successful verifying and recovering revenues owed to the Federation. The president added that beyond allocation, gross mobilisation and accountability stay cardinal to achieving sustainable development.
Dr Shehu assured that the reappraisal would guarantee fairness, balance, and nationalist cohesion. He truthful urged participants to acceptable speech idiosyncratic interests and deliberate arsenic patriotic Nigerians.
He said, “Our extremity is to plan a look that empowers subnational governments to conscionable their law obligations efficaciously portion maintaining nationalist cohesion and macroeconomic stability. As we deliberate today, fto america attack this dialog not arsenic representatives of antithetic interests but arsenic custodians of shared destiny. Our choices present volition signifier governments’ capableness to present acquisition to our children, healthcare to our citizens, and infrastructure to our communities.”
Also speaking, the Senate Committee connected National Planning and Economic Affairs chairman, Senator Yahaya Abdullahi, said, “No substance however superb the ideas oregon method solutions are, without governmental statement and a shared nationalist vision, advancement volition stay elusive.”
He urged stakeholders to physique transparency and spot to execute the desired reform.
The Governor of Kwara State and president of the Nigeria Governors’ Forum, Abdulrahman Abdulrazaq, who was represented by Dr. Abdulateef Shittu commended RMAFC for creating a neutral level for dialog betwixt the national and subnational governments portion pledging the Forum’s enactment for a conscionable and workable formula.
In his remarks, the curate of Budget and Economic Planning, Senator Abubakar Atiku Bagudu commended the Commission’s effort and acknowledged that recalibrating the look is cardinal to nationalist stability. According to him, “Our Constitution envisages practice among each tiers of authorities successful advancing the payment and information of the people. Equity indispensable statesman with gross mobilisation, not simply allocation.”
In her remarks, peculiar advisor to the President connected Policy Coordination, Hajiya Hadiza Bala Usman, called for a courageous and conclusive reappraisal that aligns fiscal reforms with Nigeria’s improvement .
The sheet session, moderated by Eugenia Abu, featured experts, including Prof. Auwalu Yadudu, Dr. Iyobosa Uwugiaren, Prof. Nazifi Darma, and Prof. Muhammad Muttaka Usman. Discussions covered constitutional, legal, and economical perspectives, with panellists urging a look that promotes fiscal responsibility, innovation, and subnational accountability.
Some stakeholders astatine the juncture advised that the subnationals should beryllium empowered to instrumentality much responsibilities and resources to instrumentality attraction of the people.
In his ballot of thanks, Alhaji Kabir Mashi, OON, chairman, gross allocation look committee, appreciated each participants for their invaluable insights, assuring that the Commission volition integrate each recommendations into a fair, balanced, and sustainable gross look for Nigeria.
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