RMAFC Raises
RMAFC Raises Concern over States’ IGR
… Rivers, Kaduna, Enugu, Kwara, Zamfara with impressive IGR in
2019
Against the over-dependence in the monthly Federation Account
Allocation, the Revenue Mobilisation Allocation and Fiscal
Commission (RMAFC) has called for concerted efforts by state
governments in boosting their internally generated revenues
(IGR).
The Chairman of the Commission, Engr Elias Mbam made the call
while receiving an Annual States Viability Index (ASVI) from the
Editor-in-Chief of the Economic Confidential, Mr. Yushau A. Shuaib
in his office on Friday.
The RMAFC boss said the Federation Account Allocation is
overstressed by the over-dependence of the tiers of government and
hence the need for state governments to develop strategies to boost
their internal revenues.
He said: “the annual ASVI report apart from providing a good
source of information to the general public also has been
identified as a source of information that would drive RMAFC on its
mandate to encourage states of the federation to improve their
Internally Generated Revenue.
“I have come to realize that Economic Confidential has become a
household name and its reports that are factual and authoritative
should be useful, especially in guiding states whose revenues keep
dwindling so that they can improve.”
Speaking on the report, the Editor-in-Chief of the Economic
Confidential, Mr. Yushau Shuaib said the ASVI report assessed and
ranked States by their annual IGR in comparison with their receipts
from the Federation Account Allocation.
He said the report proved that without the monthly disbursement
from the Federation Account, many states cannot survive as the
index showed that seven (7) States are insolvent due to very poor
IGR that were far below 10% of their receipts from the Federation
Account.
Mr. Shuaib nevertheless stated that apart from Lagos and Ogun
States that ranked high in the revenue generation in 2019, more
states have impressive and encouraging IGR in 2019 compared to
2018.
The report shows that only Rivers, Kaduna, Enugu, Kwara and
Zamfara States had most impressive Revenue generation in 2019
compared to their IGR in the previous year 2018 for improving by
more than 10%.
Also, in his remarks, the RMAFC secretary Mr. Mohammed Shehu
encouraged the management of the Economic Confidential to produce
and circulate more of such reports on economic indices that could
help governments at levels to improve in their fiscal efficiency.
He said the Commission would look at the report further for
recommendation to Federation Account Allocation Committee.
The Annual State Viability Index is produced by the Economic
Confidential, a publication of Image Merchants Promotion
Limited.