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Ajimobi criticises FG’s 52% share of Federation Account

By OLA AJAYI

IBADAN — Governor Abiola Ajimobi of Oyo State has condemned the lopsidedness in the sharing ratio of  the allocation from the Federation Account, saying Federal Government  should take 30 per cent instead of 52.68 per cent it currently allocated to itself.

The Governor spoke at a two-day public hearing on the review of the revenue allocation formula in Nigeria for the South West, held at the International Conference Centre, University of Ibadan yesterday.

The governor insisted that the Federal Government was an interested party in the revenue mobilisation and sharing formula, arguing that an independent body should manage the revenue allocation programme as established in the constitution.

He also said, “there is need to create an office of the Accountant General responsible to the National Assembly separate from the office of the Accountant General.”

While assuring that nothing would be left undone to ensure that the objectives of the sensitisation exercise was realised, he said he believed that the forum was the right channel “for all stakeholders to lend their voices to desired allocation of more financial resources from the centre to states and local governments.

“There is no doubt that some of the issues that would lead to the realisation of this dream would require constitutional amendment. Necessary steps should be taken to correct the present imbalance and unfair distribution of financial resources.”

The Chairman, Revenue Mobilisation Allocation and Fiscal Commission, Mr. Elias Mbam said the commission was going through  the geo-political zones of the country on advocacy and mass mobilisation campaign on the review of the revenue allocation.


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