Home Breaking News Submit reports from RMAFC to NASS for legislative approval, Reps tell Buhari

Submit reports from RMAFC to NASS for legislative approval, Reps tell Buhari

0


By Tony Akowe, Abuja

The House of Representatives on Wednesday asked President Muhammadu Buhari to immediately forward to the National Assembly reports of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) for legislative action as required by law.

The House also invited the chairman and commissioners of the Commission to appear before the House Committee on finance to explain further details of the reports.

This followed a motion sponsored by the Minority Leader of the House, Ndudi Elumelu (PDP, Delta) on the need for the Federal Government to Submit the Report of the Revenue Mobilization allocation and Fiscal Commission to the National Assembly.

Elumelu said Section 162 (2) of the 1999 constitution as amended explicitly provides that the President shall, after receiving the report of the commission should forward same to the National Assembly.

He said that the section provided that; “The President, upon the receipt of advice from the Revenue Mobilisation Allocation and Fiscal Commission, shall table before the National Assembly proposals for revenue allocation from the Federation Account, and in determining the formula, the National Assembly shall take into account, the allocation principles especially those of population, equality of States, internal revenue generation, landmass, terrain as well as population density.”

READ ALSO: NASS Minority Caucus to Nigerians: disregard FG Twitter ban

He said the constitution also said “provided that the principle of derivation shall be constantly reflected in any approved formula as being not less than thirteen per cent of the revenue accruing to the Federation Account directly from any natural resources.”

He said revenue-sharing proposals developed by the commission has been sent to the President countless times, but regretted that none of these proposals have ever been brought to the National Assembly for legislative approval.

He argued that Revenue sharing is one of the key issues that is vital to resolving the sharing formula issues, and true fiscal federalism and expressed concerned that the continuous disregard for this constitution provision, upsets national peace and creates fiscal inequity.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here