BY SUNNY A. DAVID

The Governor of Anambra State, Chief Willie Obiano has proposed fifty percent allocation to States, thirty percent to Local Governments, and twenty percent to Federal Government in the ongoing new revenue sharing formula review.

He made the proposals during the opening ceremony of the three-day interactive session with Federal Revenue Mobilization Allocation and Fiscal Commission, in collaboration with Anambra State Government at Professor Dora Akunyili Women Development Centre in Awka.

Our correspondent reports that the Governor, represented by his Deputy, Dr. Nkem Okeke, thanked the Revenue Mobilization Allocation and Fiscal Commission for the sensitization exercise and described the upward review of the revenue allocation formula by the commission as a welcome development.

Governor Obiano noted that the States and Local Governments bear the heavy weight of social and economic activities, and development, and as such deserve more allocation than the Federal Government.

Chief Obiano further appreciated the Federal Government for making Anambra one of the oil producing States in Nigeria which qualifies it as one of the beneficiaries of allocations given to oil producing States in the Country.

In an opening remark, the Federal Commissioner, Revenue Mobilization Allocation And Fiscal Commission, Mr. Chima Okafor explained that the sensitization exercise was designed to enlist the interests of stakeholders through interactions at various levels in order to get informed and make useful inputs that can provide pathways for creating a workable template to assist the commission in its task of evolving, and bequeathing to the nation a fair, just and equitable new revenue sharing formula.

The event attracted government functionaries, traditional rulers, and other community leaders.

It would be recalled that under the current revenue sharing formula, the Federal Government takes fifty-two point six-eight percent, the States twenty-six point seven-two percent and the local governments, twenty-point sixty percent with thirteen percent derivation revenue going to oil producing States.

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