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House wants Jonathan to submit revenue formula

08 November 2012, 09:04

Abuja - The House of Representatives has urged the Revenue Mobilisation Allocation and Fiscal Commission to advice President Goodluck Jonathan on the need to submit the revenue formula to the National Assembly.

This resolution followed a motion moved by Rep. Aliyu Madaki  (PDP- Kano) which was unanimously adopted in Abuja on Wednesday.

Leading the debate, Madaki noted that Section 162 (2) of the 1999 Constitution provided that the president upon receipt of advice from RMAFC, should table before the National Assembly the proposals for allocation from the federation account.

According to him, the third schedule of the constitution allows for the review of existing revenue formula and principles in operation to ensure conformity with changing realities.

He noted that the existing revenue formula in use was the "Allocation on Revenue Federation Account Moderation Order, 2002.  

``The existing revenue formula modification order 2002 has been modified twice without the inputs of the National Assembly," he said.

Madaki alleged that the RMAFC was yet to fulfill a constitutional responsibility as stipulated by the constitution.

 He explained that the essence of the motion was to compel the RMAFC to advise the president to send the revenue formula to the National Assembly.  

Rep. Leo Ogor (PDP-Delta), the Deputy Leader of the house, called on the RMFC to wake up to its statutory responsibilities.

 He said that it was pertinent for the house to bring the commission in conformity with the present day realities.  

Rep. Abubakar Momoh (ACN-Edo) said that both states and local government councils should be  allowed to play roles that were beneficiary to them.

He advised that the house should go extra mile to ensure that the matter was given urgent attention.

Similarly, the house had mandated its Committee on Petroleum Resources (Downstream) to investigate the prevailing fuel scarcities in many parts of the country.

The committee is expected to report back to house in a week's time.  

This resolution was sequel to a motion by Rep. Bashir Babale  (PDP-Kano) which was adopted without debate.  

According to him, petrol is being sold for as high as N200 per litre in the FCT against the official N97 pump price.  

He said that the differences in the pump prices in different states  were a breach of the mandate of the Federal Government's Petroleum Equalisation Fund (PEF).  

Babale noted that PEF was established mainly to administer uniform prices of petroleum products throughout the country through payment of bridging claims to local oil marketers.

Meanwhile, the house has adjourned plenary till Nov. 13, to enable members participate in the public hearing sessions on the review of the 1999 Constitution scheduled for Nov. 10, in the 360 Federal Constituencies.



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