Review Revenue Allocation Formula, Govs Tell Buhari

Fresh facts have emerged on the outcome of the first meeting that took place on Tuesday June 23, 2015 between the of the country, President Muhammadu , and all the thirty-six of the federation.

Contrary to the widely held view that the meeting was more of a briefing and update from the President to the Governors, the meeting was more of a cordial dialogue and collaboration.

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In the course of the meeting, the governors, led by Chairman of the Governors Forum, Abdulaziz Yari of Zamfara , presented a to the President that contained six key demands. These demands are all focused on ensuring a better revenue transparency in the nation.

The wish list presented to the president are highlighted below:

1. Obedience of extant Supreme Court ruling that all monies go into the Consolidated Federation Account.

2. An order from the President that all revenue generating agencies must pay into the Consolidated Federation Account

3. Review of the Revenue Allocation Formula

4. Refund of the monies expended by states on federal projects

5. A special consideration for the three states of the North East under Boko Haram infestation

6. Full details of the amounts that accrued into the Excess Crude Account from 2011, and how the money miraculously shrank without official sharing.



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