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Tribune Online
Governors insist on a new revenue sharing formula


The Chairman of the Nigeria Governors Forum (NGF) and Ekiti State Governor, Kayode Fayemi, on Monday, insisted that time had come to review the revenue sharing formula of the country.

He told State House correspondents after a meeting with President Muhammadu Buhari at the presidential villa, Abuja that the effort to have a change in the formula has been a sustained agitation dating back to the President Olusegun Obasanjo era.

Asked for an update on the move, he said: “A review of the revenue sharing formula is still the position of Nigeria’s Governors Forum. We feel that it’s time for the revenue sharing formula to change and we have made a representation to the President and Commander-in-Chief, not just under the Buhari’s administration, this has been an ongoing agitation that started way back since the time of President Olusegun Obasanjo.

“it continued on President Yar’Adua and President Goodluck Jonathan. So, it’s not just something that has been brought out under President Buhari.”

Fayemi was hopeful that with the full complement of members of the Revenue Mobilisation, Allocation and Fiscal Allocation (RMAFC) in place, the matter would soon be taken up with President Buhari.

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He explained: “And you also know that there is a process to this. The process is that the Revenue Mobilization, Allocation and Fiscal Commission, RMAFC, which has the responsibility for this would do its own due diligence, consult widely with critical stakeholders and we have also made available our own representation to RMAFC.

“Every state has a representative at RMAFC as you know and only last week, RMAFC held a retreat on this and other matters and I believe they will communicate the position.

“Now that we have a full-fledged RMAFC in place with a Chairman and other members appointed, it is our expectation that this would be taken up by RMAFC with Mr President in a manner that we have taken it up.”

He also assured that the move to review the revenue sharing formula would have no bearing in the negations of the consequential increases in the new national minimum wage.

He stressed since the states are not equal, they will have to work out what is best for them individually.

The Ekiti Governor further stated: “Whether that would affect negotiation for the minimum wage, I can tell you no. Minimum wage is a law.

“But as I have always said to you, a national minimum wage act is not a general minimum wage review. They are two separate things.

“Governors are committed to the minimum wage Act and no one is going to pay anything less than N30, 000.

“Some of us have started paying N30, 000 as you may be aware, others want negotiations on the consequential adjustment to end before they start paying the minimum wage.

“And as you may be aware, what has happened so far is that the Federal Government has agreed on a percentage of consequential adjustment with labour.

“What is happening currently in states, and the majority of our states have started that negotiation, is to agree what that consequential adjustment would be in the state.

“I have also said too many people who have asked me, fingers are not equal at the level of the states.

“So, a consequential adjustment may not necessarily end up being the same. It will be different from state to state.

“We are not going to adopt the hook line and sinker what has been adopted between the federal government and labour. That is for federal government workers. What happens in the state is a different matter.

“But I can assure Nigerians that no state is going to pay anything less than N30, 000.”

Governors insist on a new revenue sharing formula
Tribune Online

source https://tribuneonlineng.com/governors-insist-on-a-new-revenue-sharing-formula/

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