Senator Adeola urges RMFC to review revenue allocation formula
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Senator Adeola urges RMFC to review revenue allocation formula

- Senator Solomon Adeola has called for the review of revenue allocation formula by the RMFC

- Senator Adeola said the review is a way of effectively implementing the recommended N30,000 minimum

- Senator Adeola also supported the recommended N30,000 contained in the national minimum wage bill

Chairman of Senate committee on local content, Senator Solomon Adeola, has called for the review of revenue allocation formula by the Revenue Mobilisation and Fiscal Commission (RMFC), as a way of effectively implementing the recommended N30,000 minimum.

Senator Adeola made the call during a meeting of the Senate Ad Hoc committee on minimum wage, to consider the Minimum Wage Bill.

The Lagos senator supported the recommended N30,000 contained in the national minimum wage bill, adding, however, that the law, when passed, must be implemented by all the three tiers of government.

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His words: “I’m in support of the recommended minimum wage as it will go a long way in cushioning the challenges being faced by workers. However, there must be no excuse for non-implementation by any tier of government.”

The senator supported the sanctions contained in the bills for indolent workers, stressing that civil service, at all levels, must perform at its best, as it is critical in the delivery of dividends of democracy to the people.

“It is in this wise that I call on the RMFC to begin a process that will lead to the review of the revenue allocation formula for all tiers of government, to be able to pay the minimum wage when passed into law,” he said.

Meanwhile, Nigerian state governments have been urged to develop a citizens’ budget every financial year by the Open Government Partnership (OGP) in order to attract financial support from the World Bank.

Legit.ng gathered that a citizens’ budget is a simpler and less technical version of the approved budget document for a given financial year and it is is designed to present key information in a comprehensible manner to the public to receive their input.

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A citizens’ budget template has already been developed by the OGP secretariat and a learning event that took place in Abuja on Thursday, February 28 to test it by officials from eight states - Kano, Kaduna, Niger, Nassarawa, Kogi, Kwara, Jigawa and Yobe.

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Source: Legit

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