Wike calls for upward review of revenue allocation to states

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Governor Nyesom Wike

By Davies Iheamnachor – Port Harcourt

Rivers State Governor, Chief Nyesom Wike, has called on the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, to reduce revenue accruable to the federal government from the federation account to 40 per cent, and increase those of States and local government councils to 40 and 20 per cent respectively.

Wine said the current revenue sharing formula that allows the FG to take 52.68 per cent, and the states and local government councils to take 26.72 per cent and 20.60 per cent respectively, is unacceptable.

The governor made this call when members of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) led by its chairman, Elisa N. Mbam paid him a courtesy call at the Government House, Port Harcourt, according to a statement by his Special Assistant on Media Kelvin Ebiri.

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