Agitations over the current revenue sharing formula which is perceived as inequitable may end early next year when the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) plans to roll out a better and consistent disbursement plan.
The plan, which was disclosed Thursday by the Commission, follows intense pressure on the commission by the state governors and local government chairmen for a new revenue formula. In recent years, states had persistently requested for higher resources than what the federal government gets, having consistently argued that they perform more responsibilities than the federal government .
Eliam Mbam, RMAFC Chairman in Abuja, on Thursday explained that the much awaited formula is being delayed due to the intense process involved in looking into series of documents, making consultations and going to the field to verify some of the indices.
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