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Lagos State Insists On Special Revenue Allocation - Politics - Nairaland

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Lagos State Insists On Special Revenue Allocation by Mecka: 6:54pm On Sep 21
Lagos State says it will continue to push for a special status for the State in the sharing formula of revenue allocation by the Federal Government.

The government insists that the time for a review of the subsisting revenue sharing formula was long overdue.

Speaking at a pre-southwest meeting with stakeholders held in Lagos, which included representatives of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), members of the Lagos State Executive Council, Lawmakers, Local Government representative, all agreed for upward review of revenue allocation for Lagos State.

The Lagos State Commissioner for Finance, Dr. Rabiu Olowo, said the effort was a proactive move to gather data towards an upcoming Southwest regional stakeholders’ meeting on the review of the subsisting Revenue Allocation formula.

He argued that the revenue allocation formula inherited from the military was skewed largely towards the Federal Government which, according to him, is inconsistent with present realities.

Arguing that the last review dated back to 1992, he mentioned that the prevailing situations have outgrown the subsisting provisions with variables which call for a review of the allocation formula.

“At this point in the national life, it was important that contributions be made to raise submissions to justify why the review should be effected on articulating positions in asking for a fairer allocation formulas.

“The constitutional mandate to review the Revenue Allocation formula is vested in the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

“Unfortunately, since the establishment of RMAFC in 1989, the last time we had a successful review was in 1992 and several other attempts to review it within the last 29 years have proved abortive!

“The current revenue allocation formula is far from being realistic. For instance, the number of states have increased from 30 to 36 states, number of local government increased from 589 to 774 local governments and, in Lagos, 37 LCDAs have been created to bring government closer to the grass root. The Constitution prescribes a minimum limit of 5years to operate an agreed formula before further review.

“From the publication credited to the RMAFC, Stakeholders at all levels and sectors are expected to participate and express their views which are expected to be the representatives of the views, concerns and yearnings of their all constituents across the country,”
he said.

Olowo reiterated that with the status of Lagos as the economic nerve centre of the Country, the demands for a special status to Lagos had been long overdue.

Review of revenue
A Federal Commissioner representing Lagos State at RMAFC, Dr. Adekunle Wright, said in view of the changing situation and demands, the Commission has been prompted to host stakeholders across the the Country towards reviewing the revenue formula.

According to him, the Commission was desirous to “within the shortest possible time” come up with a feasible review for workable formula that suits present realities.

Explaining the expectations from the stakeholders in respect of the proposed formula, the Director, Inland Revenue Service, of the RMAFC, said the Commission looks towards arriving at a fair, just and equitable revenue formula.

Permanent Secretary, Ministry of Finance, Mrs Ayoola Oyeyemi said since its introduction for over 32 years, stakeholders have never come under a forum for deliberation to review the revenue formula.

She mentioned that the biggest challenge was that there is an absence of explicit vertical sharing factors in the constitution, against the horizontal factors, which according to her, makes it problematic to come with fair, just and equitable formula.

She submitted that it was important for the State to bring up robust memoranda for onward submission towards the upcoming zonal public hearing.

National Asset
The State’s Commissioner for Economic Planning and Budget, Mr. Sam Egube, mentioned that “Lagos is a significant national asset,” not just for Lagosians but for national development.

Egube said with such indices as Lagos’ extreme high population density; a home to economic drivers; holding about 70 per cent of sea and air movement in the Country, the State deserves a special status.

He further argued that the continental free trade agreement holds bearing to the status of Lagos for its effectiveness.

According to him, “if it is good for Lagos, it certainly will be good for Nigeria because the call for special status for Lagos supersedes native expression but the national character of the State.”

He argued that leaving the State with challenges without special attention would pose problems for the entire country, stressing that the State needed more funds for infrastructure, policing, among several other demands.

https://von.gov.ng/2021/09/21/lagos-state-insists-on-special-revenue-allocation/

6 Likes

Re: Lagos State Insists On Special Revenue Allocation by Xscape1993(m): 6:56pm On Sep 21
Can this special status leads to rapid development? Agitating for funds everywhere, yet no good development.

5 Likes 1 Share

Re: Lagos State Insists On Special Revenue Allocation by tamdun: 7:30pm On Sep 21
Lagos is carrying too much weight on her shoulder, mad exodus all over Naija and their destination is Lagos

29 Likes 1 Share

Re: Lagos State Insists On Special Revenue Allocation by Dronedude(m): 9:26pm On Sep 21
Abeg o, Lagos not now Buhari is preparing to leave. Let's see money to repair this country.
Re: Lagos State Insists On Special Revenue Allocation by Thywill1: 9:27pm On Sep 21
Re: Lagos State Insists On Special Revenue Allocation by Grace001: 9:27pm On Sep 21
Northern oligarchy will do everything it takes to maintain the status quo...

Until south prove that their mumu never do, that’s when north will take south serious.

But for now, continue to be a blabber

1 Like

Re: Lagos State Insists On Special Revenue Allocation by Betterlife24(m): 9:28pm On Sep 21
Lasgidi
Re: Lagos State Insists On Special Revenue Allocation by omowolewa: 9:29pm On Sep 21
True

1 Like

Re: Lagos State Insists On Special Revenue Allocation by chloride6: 9:29pm On Sep 21
You wan kill Masari ni?

2 Likes

Re: Lagos State Insists On Special Revenue Allocation by NwaNimo1(m): 9:29pm On Sep 21
Re: Lagos State Insists On Special Revenue Allocation by nurain150(m): 9:29pm On Sep 21
FTC, honestly we need autonomy of states or else Nigeria is a done deal
Re: Lagos State Insists On Special Revenue Allocation by AnanseK(m): 9:30pm On Sep 21
Lagos State should allocate monthly Money to other states. We, all developed Lagos.
Re: Lagos State Insists On Special Revenue Allocation by Basic123: 9:31pm On Sep 21
Cjff
Re: Lagos State Insists On Special Revenue Allocation by Mightymanna(m): 9:31pm On Sep 21
All the top Businesses in Lagos are serving Nigeria not Lagos State or South West, I don't see any reason why VAT generated in Lagos will stay in Lagos, bring it to the center let's share it together.
Re: Lagos State Insists On Special Revenue Allocation by atorioke(m): 9:31pm On Sep 21
Make FG work on PH port and other port. Move all bank headquarters to Abj, all oil companies to Niger Delta. Telecommunications headquarters to Abj, etc. Then we go give Agos special status.
Re: Lagos State Insists On Special Revenue Allocation by Cognitivereason: 9:32pm On Sep 21
After advocating for the collection of ur own tax..u still want more allocation for special status...what status exactly.
So Lagos should have the monopoly of development?....other under developed state should be advocating for more allocation... Lagos has all it takes to be independent and comfortably grow with or without FG allocation

4 Likes 2 Shares

Re: Lagos State Insists On Special Revenue Allocation by Sogide: 9:32pm On Sep 21
What about other states
Re: Lagos State Insists On Special Revenue Allocation by Basic123: 9:34pm On Sep 21
atorioke:
Make FG work on PH port and other port. Move all bank headquarters to Abj, all oil companies to Niger Delta. Telecommunications headquarters to Abj, etc. Then we go give Agos special status.
Unfortunately the FG doesn't have the power.


Lagos will continue to be great
No amount of envy can stop it.
If stripping her of FCT status couldn't stop her(Thanks to Tinubu) who are useless you?

17 Likes

Re: Lagos State Insists On Special Revenue Allocation by kayuseful: 9:39pm On Sep 21
Dear Lagos,
Seek more for your autonomy now, not more dependency on FG
If current government grants you more allocation, another will come tomorrow who will grow jealous and will cancel it


Mightymanna:
All the top Businesses in Lagos are serving Nigeria not Lagos State or South West, I don't see any reason why VAT generated in Lagos will stay in Lagos, bring it to the center let's share it together.
How many federal government owned businesses are headquartered in Lagos

3 Likes

Re: Lagos State Insists On Special Revenue Allocation by Topzee109: 9:47pm On Sep 21
Lagos, economic capital of West Africa

4 Likes 1 Share

Re: Lagos State Insists On Special Revenue Allocation by talk2hb1(m): 9:51pm On Sep 21
Hmnnn
Re: Lagos State Insists On Special Revenue Allocation by dubaiprince: 9:53pm On Sep 21
Special status my foot. I have always said it will get to a point government at all levels will embezzle and there would be nothing left to steal. They are edging closer. They are embezzling loans now with no tangible thing to show since oil money no dey enough to chop again. Now clamouring for special status. Una go blow grammar tire
Re: Lagos State Insists On Special Revenue Allocation by updatechange(m): 9:58pm On Sep 21
We truly deserve it... cheesy

2 Likes

Re: Lagos State Insists On Special Revenue Allocation by dequeenishere: 10:47pm On Sep 21
cheesy
Re: Lagos State Insists On Special Revenue Allocation by blackgold2018(m): 10:51pm On Sep 21
Mightymanna:
All the top Businesses in Lagos are serving Nigeria not Lagos State or South West, I don't see any reason why VAT generated in Lagos will stay in Lagos, bring it to the center let's share it together.
lazy fool

1 Like

Re: Lagos State Insists On Special Revenue Allocation by oluemmakay(m): 11:19pm On Sep 21
We are in good hand

Re: Lagos State Insists On Special Revenue Allocation by poiu44: 11:21pm On Sep 21
kiss kiss kiss

bichi is the second largest city in kano state

1 Like

Re: Lagos State Insists On Special Revenue Allocation by onoms4luv(m): 12:20am On Sep 22
Nothing to say
Re: Lagos State Insists On Special Revenue Allocation by clothingonline(m): 12:38am On Sep 22
I support this movement don’t be bias read through New York London Kigali accra enjoy special allocation due to country pressure on facilities of the state more than other state

Abuja is enjoying special status and didn’t contribute 1/10 of Lagos contribution




Check signature men clothing payment on delivery

2 Likes

Re: Lagos State Insists On Special Revenue Allocation by ehinmowo: 12:53am On Sep 22
Mightymanna:
All the top Businesses in Lagos are serving Nigeria not Lagos State or South West, I don't see any reason why VAT generated in Lagos will stay in Lagos, bring it to the center let's share it together.

STF!

2 Likes

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