Kwara State Government has called for upward review of the Federal Allocation coming to the State to boost her revenue for development projects.
The State Commissioner for Finance and Planning, Mrs Oyeyemi Olasumbo Florence, made the call during an Advocacy and Sensitization visit of the Team from Revenue Mobilization Fiscal Allocation Commission (RMFAC) on Tuesday, in Ilorin, the State Capital.
Oyeyemi said the State Government had been working assiduously to ensure the State improves on the revenue sharing indices such as population, land mass, IGR and other factors to enable the State access more funds from the Federation Account so as to continue impacting positively on the lives of the people.
She added that the AbdulRahman AbdulRazaq’s administration was making conscious efforts to address the issues that were impeding the State from accessing more revenue from Federation Account.
She said the government had made giant strides across various sectors and commended the RMFAC team for their visit.
Earlier, Federal Commissioner for Revenue Mobilization and Fiscal Allocation Commission, Honourable Barrister Patrick Ngbebu said he and his team were happy to be in Kwara State, noting that they came to enlighten the State officials on revenue sharing indices to enable the State access improved revenue from the Federation Account.
Ngbebu added that Kwara was blessed with the required criteria to access better revenue but there was more work to be done on data collections to corroborate the Government’s work on ground.
He expressed confidence that the State would do better in the nearest future with the commitment of the stakeholders towards meeting the RMFAC sharing criteria for an improved revenue for government.
Also speaking at the meeting, the Chairperson, Kwara State Internal Revenue Service, KWIRS, Mrs Folashade Omoniyi, said the State revenue Agency was doing a lot to increase the internally generated revenue in the State to strengthen its financial standing.
Mrs Omoniyi stressed that the Agency will work more on the indices required by RMFAC to enable the State to access more funds from the Federation Account.
Also, the Director, Allocation Department, RMFAC, Alhaji Abdulfattah Rimgin, said the Federal Allocation was the commonwealth of every Nigerian and whatever accrued was shared in accordance with the law.
Rimgin added that “the formula for what share of the federation allocation goes to which state includes equality, population, land mass, IGR and Social development.”
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