Nigerian President Urged to Present New Revenue Formula

Chairman of the Nigeria Governors Forum and Governor of Sokoto State, Aminu Tambuwal says Governors of the 36 States of the Federation have resolved to meet with President Muhammadu Buhari over the new revenue draft presented to him by the Revenue Mobilization Allocation and Fiscal Commission in 2022. <br />The meeting according to the outgoing governor is to plead with the president to present the new draft formula to the National Assembly before May 29, 2023, when a new government will take over the reins of power. <br />The report proposed a revenue-sharing formula of 45.17 per cent to the Federal Government, 29.79 per cent to States and 21.04 per cent to Local Governments. <br />The Forum also discussed the guidelines on financial regulations set by the Nigerian Financial Intelligence Unit, primary healthcare, and stamp duties, among others.