The State Commissioner for Finance, Budget, and Economic Planning, Hon. Asiwaju Idris has disclosed that proposing a 75 per cent revenue formula for states and local governments, 50 per cent distribution resources for states and 25 per cent for local government will improve development across the nation.
The commissioner stated this during the nationwide sensitisation workshop of the 36 States including the FCT on the review of the existing allocation formula by the Revenue Mobilization Allocation and Fiscal Commission in the government house, Lokoja.
He said Kogi State Capital, Lokoja is one of the fastest-growing cities around the world and the second growing city in Nigeria.
The commissioner, in a press statement through his public relations officer, Princess Funsho Sumanu which was made available to Tribune Online, on Friday, said noted that the diversification of the economy and ways of how to increase the revenue of the state was the major point of discussion
He said the discussions on solid minerals that abound in the state as well the agricultural sector, especially on ways of empowering and providing gainful employment to the youths also form parts of the discussion.
Describing the fight against insecurity as a key objective of the state government, the commissioner hinted that without food security, there is going to be a lot of problems in achieving good security.
He commended the state government for its efforts in ensuring that the state is safe from criminal activities
Hon. Idris said all the recent activities of the state government is geared towards achieving a credible budget for the betterment of its citizens
While calling on the commission, saddled with the responsibility of reviewing the revenue formula to assist the state to lessen its burden of governance through the allocation of more funds, added that the present sharing formula is not favourable to the states and local governments
He enjoined stakeholders to make meaningful inputs that will benefit the states and local governments in the sharing formula.
According to the commissioner, with more resources, states will not be facing so many challenges.
He used the opportunity to appeal to the commission to look into the issue of the state especially that the state has a lot of mineral resources which among them is petroleum, oil, and gas, and therefore called on the commission chairman to use his good office to recommend Kogi State as an oil-producing state so that the president can make a formal declaration.
Hon. Idris said all the recent activities of the state government is geared towards achieving a credible budget for the betterment of its citizens
While calling on the commission, saddled with the responsibility of reviewing the revenue formula to assist the state to lessen its burden of governance through the allocation of more funds, added that the present sharing formula is not favourable to the states and local governments
He enjoined stakeholders to make meaningful inputs that will benefit the states and local governments in the sharing formula.
According to the commissioner, with more resources, states will not be facing so many challenges.
He used the opportunity to appeal to the commission to look into the issue of the state especially that the state has a lot of mineral resources which among them is petroleum, oil, and gas, and therefore called on the commission chairman to use his good office to recommend Kogi State as an oil-producing state so that the president can make a formal declaration.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Proposed 75 per cent revenue formula for states, LG will improve development across the nation ― Kogi Finance Commissioner
We Have Not Had Water Supply In Months ― Abeokuta Residents
In spite of the huge investment in the water sector by the government and international organisations, water scarcity has grown to become a perennial nightmare for residents of Abeokuta, the Ogun State capital. This report x-rays the lives and experiences of residents in getting clean, potable and affordable water amidst the surge of COVID-19 cases in the state. Proposed 75 per cent revenue formula for states, LG will improve development across the nation ― Kogi Finance Commissioner
and then