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Make revenue sharing proportionate to responsibilities, Obasanjo tells RMAFC

Posted By : J Rock on Monday, 2 September 2013 | 07:27

ABEOKUTA-Former President Olusegun Obasanjo has advised members of the Revenue Mobilisation Allocation and Fiscal Commission to make the sharing of the nation’s revenue among different levels of governments proportionate to their responsibilities.Obasanjo also said that the items on the exclusive and the concurrent lists in the constitution must be quantified to determine how much of the nation’s resources should be allocated to them.Speaking in his Abeokuta residence on Monday when members of the RMAFC paid him an advocacy visit ahead of the proposed review of the existing revenue sharing formulae.According to Obasanjo, the need for the quantification of responsibilities of the different tiers of governments is necessary for a fair and equitable revenue sharing formula.Obasanjo who emphasised that it was necessary, to avoid a lopsided or disproportionate revenue sharing formula urged the commission to engage the services of experts and consultants.
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