Monday, 2 September 2013

Revenue Sharing Different Level Of Government Must Be Proportionate Their Responsibilities ~ OBJ

Former President Olusegun Obasanjo  said  that the sharing of the nation’s revenue among different levels of governments must be proportionate to their responsibilities.

Obasanjo stated this in Abeokuta, the Ogun State capital when members of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) paid him an advocacy visit ahead of the proposed review of the existing revenue sharing formula.

He stressed the need for the quantification of responsibilities of the different tiers of governments for a fair and equitable revenue sharing formula.

He said further  that the items on the exclusive and the concurrent lists in the constitution must be quantified to determine how much of the nation’s resources should be allocated to them.

Also stating that such technical exercise might require the services of experts and therefore counseled them to engage the services of consultants, Obasanjo stressed that the commission must not jettison the mobilisation aspect of its responsibility.

He however expressed concern that previous commissions failed to pay adequate attention to fund mobilisation.

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