The 36 State Governors of the Federation will be meeting with the President, Major General Muhammadu Buhari (retd,), to discuss with him the need to present a new revenue formula to the 9th National Assembly for passage into law before the end of his tenure.
The News Agency of Nigeria reported that the Chairman of the Nigeria Governors’ Forum, and Governor of Sokoto State, Aminu Tambuwal, made this disclosure on Wednesday, while speaking with newsmen after the forum’s meeting in Abuja.
Concerning the governors meeting held, Tambuwal said that they discussed issues that bordered on national, sub-national, democracy and good governance, including the need for the timely release of the collected stamp duties warehoused in the Central Bank of Nigeria for disbursement.
He said, “Today, we discussed the guidelines by the Nigerian Financial Intelligence Unit (NFIU) on financial regulations that it is working on in ensuring that Nigeria is taken out of grey lists of the financial tax force.
“We also discussed the issue of Primary Healthcare Seattle Declaration and the progress made so far. During our induction course, some states that have attained some milestones are going to receive some awards for their performance.
“We discussed the new revenue formular submitted to Mr President by the Revenue Mobilisation and Fiscal Commission (RMFC) and the need for us to approach Mr President on the need for him to present the new draft formular to National Assembly before this administration winds up.
“We also discussed the issue of stamp duties that have been held, both the Federal Government and the states that is warehoused in the Central Bank of Nigeria.
“We are working to make sure that it is released for disbursements to both federal government and state.”
Tambuwal, responding to questions concerning the new draft revenue formula, said that the details of the new formula would be revealed when presented.
“We are going to meet Mr President as the leadership of the forum and we will appeal to him to present that draft revenue formula. By the time it is presented, you will see what is there,” he added.