Gov Ikpeazu hails review of revenue sharing formula

The Abia State Governor, Okezie Ikpeazu, the clarion call for states to make contributions to the ongoing review of the revenue sharing formula by the Revenue Mobilisation Allocation and Fiscal Commission is desirable.

Ikpeazu made the case when he received in audience a delegation of the Federal Commissioner, representing Abia State at the Revenue Mobilisation Allocation and Fiscal Commission, Dr. Chris Akomas, at Government Lodge, Aba adding that the move for the review by the RMAFC is laudable and assured that Abia State would cooperate with the RMAFC and make its position known very soon.

The governor announced the setting up of a Committee to that effect which would be headed by the Commissioner for Finance, Dr. Aham Uko adding that with true federalism “states will have powers to manage resources in their domains and in the case of natural resources, pay royalties to the federal government”.

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Earlier, Dr. Chris Akomas who is the Chairman of the Committee on Disbursement of the Commission said the team was in the State to sensitize the State Government on the ongoing process of the review of the revenue sharing formula of the Federal Government. 

He stated that the process of reviewing the revenue sharing formula is the constitutional responsibility of the Commission and said that response to the review is urgent while the next stage would be the Zonal Public Hearings where States would make their positions known

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