The Governor of Oyo State, Mr. Abiola Ajimobi, on
Wednesday expressed optimism that the Federal Government would yield to
the pressure of state governors for a review of the revenue allocation
formula.
The governor, in company with his Ogun State counterpart, Senator Ibikunle Amosun, said this while addressing journalists at the presidential wing of the Murtala Muhammed Airport, Lagos.
While expressing support for the review, Ajimobi said most of his colleagues were working towards improving their internally generated revenue, to complement federal allocation.
“Definitely we need a review of the Federal (revenue allocation) formula, and I honestly believe that the Federal Government will agree to our demands because our new President is very reasonable and is very supportive of all the States,” Ajimobi said.
As for internally generated revenue, he said, “I think that most state governments are now doing everything possible to restructure and ensure that we improve on our IGR. And in terms of reaching out to businesses, we are trying to improve our industrial base which will in turn improve on our IGR. Hopefully, we are trying to block all the leakages, which will improve on our IGR within the next couple of months.”
For about four months now, governors in the country have sustained agitation for a review of the federal revenue allocation formula. They based the calls on claims that the Federal Government was wasting funds needed by state and local governments in the country. There have also been reports of governors lobbying the Nigeria Labour Congress to support them in their quest to have the revenue formula reviewed.
By Okechukwu Nnodim Courtesy Of: Punch
The governor, in company with his Ogun State counterpart, Senator Ibikunle Amosun, said this while addressing journalists at the presidential wing of the Murtala Muhammed Airport, Lagos.
While expressing support for the review, Ajimobi said most of his colleagues were working towards improving their internally generated revenue, to complement federal allocation.
“Definitely we need a review of the Federal (revenue allocation) formula, and I honestly believe that the Federal Government will agree to our demands because our new President is very reasonable and is very supportive of all the States,” Ajimobi said.
As for internally generated revenue, he said, “I think that most state governments are now doing everything possible to restructure and ensure that we improve on our IGR. And in terms of reaching out to businesses, we are trying to improve our industrial base which will in turn improve on our IGR. Hopefully, we are trying to block all the leakages, which will improve on our IGR within the next couple of months.”
For about four months now, governors in the country have sustained agitation for a review of the federal revenue allocation formula. They based the calls on claims that the Federal Government was wasting funds needed by state and local governments in the country. There have also been reports of governors lobbying the Nigeria Labour Congress to support them in their quest to have the revenue formula reviewed.
By Okechukwu Nnodim Courtesy Of: Punch
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