{"id":88336,"date":"2021-11-10T10:36:56","date_gmt":"2021-11-10T09:36:56","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=88336"},"modified":"2021-11-10T10:36:56","modified_gmt":"2021-11-10T09:36:56","slug":"fg-moves-to-increase-lg-allocation-by-3-13","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/fg-moves-to-increase-lg-allocation-by-3-13\/","title":{"rendered":"FG Moves To Increase LG Allocation By 3.13%"},"content":{"rendered":"<div id=\"m#msg-f:1716030242593767251\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\" style=\"text-align: justify;\">The federal government is set to increase the allocation to local government councils, if its\u00a0 proposal sails through, Pointblanknews.com has leant.<\/div>\n<div class=\"mail-message-content collapsible zoom-normal mail-show-images \" style=\"text-align: justify;\">\n<div class=\"clear\">\n<p>Making the proposal in a speech at the town hall meeting on the review of Nigeria\u2019s vertical revenue allocation formula in Abuja, Secretary to the Government of the Federation, Boss Mustapha said the proposal was to ensure increased development in the rural areas.<\/p>\n<p>As it stands, the sharing formula is: FG 52.68 per cent; States 26.72 per cent; LGs 20.60 per cent, and Derivation 13 per cent.<\/p>\n<p>Over the years, there has been clamour for a review of the revenue sharing formula as the present arrangement is skewed in favour of the federal government.<\/p>\n<p>The last revenue review was carried out in 1992.<\/p>\n<p>However, with issues such as heightened insecurity, decaying infrastructure and reduced foreign exchange earnings, analysts say there is no better time than now to review the revenue sharing formula.<\/p>\n<p>Speaking at the event, the SGF, who was represented by\u00a0 Permanent Secretary, Political and Economic Affairs, Mr. Andrew David Adejoh, urged RMAFC to carry out the review taking into cognisance the dwindling national revenue base and the imperative for states to generate their IGR.<\/p>\n<p>He said: \u201cLike I said over there, federal government\u2019s position is very clear. First and foremost, the vertical revenue sharing formula should follow the constitutionally laid down responsibilities and in doing that you recognised that 68 items and they are not small items are federal government responsibilities; 30 are only state and even within those 30, is concurrent.<\/p>\n<p>\u201cSo, by the time you go through it you will discover that the federal government has need for even more resources than being clamoured for. However, the federal government recognises that the country is made up of constituent states\u00a0 where the development happening is amenable for a review and that is why we have done some review to make sure that we move from where we were at 52.68 to 50.6. Then for state government, we did a reduction of a per cent and increased that of local government because development needs to start getting to the local people if we, as a country, have to get the cutting edge of development.<\/p>\n<p>\u201cAlongside the above, other considerations that informed the federation government\u2019s position on the review of the present vertical revenue allocation formula included federal government\u2019s increasing visibility in sub-national level responsibilities due to weaknesses at that level e.g primary health care, basic primary education; Increasing level of insecurity and increased remittances to State and Local Governments through the Value Added Tax sharing formula, where the Federal Government has only 15 % and the States and Local Government share 50% and 35% respectively.<\/p>\n<p>\u201cAs an interim and immediate measure, the federal government is therefore proposing the following: Federal Government 50.65%; State Government 25.62 %; Local Government 23.73% and Derivation Allocation 13 %,\u201d the SGF said.<\/p>\n<div id=\"m_4499473810855819128ymail_android_signature\"><\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\" style=\"text-align: justify;\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The federal government is set to increase the allocation to local government councils, if its\u00a0 proposal sails through, Pointblanknews.com has leant. Making the proposal in a speech at the town&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":88337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-88336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FG Moves To Increase LG Allocation By 3.13% - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/fg-moves-to-increase-lg-allocation-by-3-13\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG Moves To Increase LG Allocation By 3.13% - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The federal government is set to increase the allocation to local government councils, if its\u00a0 proposal sails through, Pointblanknews.com has leant. 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