Revenue allocation formula must be reviewed…Oshiomhole says current formula is illegal

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Edo State Governor Adams Oshiemhole has demanded for the review of revenue allocation formula from the Revenue Mobilisation and Fiscal Allocation Commission (RMFAC). The governor described as illegal the present revenue allocation formula as according to him, the Nigerian constitution provided for the review of the formula every five years.

Oshiomhole made the demand today while speaking at the Godswill Akpabio?s Golden Jubilee Lecture in honour of the Akwa Ibom State Governor. He also attacked other regional motivated policies of the Federal Government like Federal Character, quota system among others saying that they put in place to set people against one another. The event is taking place at the Le Meridian Hotel Uyo.

?We must revisit revenue allocation formula. Akpabio has proved that governors can work. Let them come to Akwa Ibom State and they will change their minds. We have to remove these jargons like Federal Character and other which were put there to set people against one another. We must review the formula to allow the different parts of the country develop at their won pace. Those who want to sleep should go and sleep, those who want to work should work,? the Governor said.

He commended Governor Akpabio for the development stride he made in the state adding that his achievements speak for him any day.

?You, your wife and your children have every reason to be happy and proud of your name Godswill because you have justified that name. You have made your people happy by your uncommon transformation,? he told the Akwa Ibom governor.

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