The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has called for a review of the revenue allocation formula to ensure that funds are disbursed directly from the Federation Account to local government chairmen, in accordance with the recent Supreme Court ruling affirming local government financial autonomy.
RMAFC arrived at this decision at the end of a workshop in Akwa Ibom State.
In a communiqué, the commission said that it aligns itself with the Supreme Court’s judgement of July 11, 2024, on local government financial autonomy, considering the fact that the current formula has been in existence for about 16 years.
The communiqué also called for a constitutional amendment to allow the inclusion of the local government chairmen and councillors among the beneficiaries of the remuneration package listed in the 1999 Constitution, as amended.
It stated that Section 162(6) of the Constitution should be amended to ensure that the allocations of the local governments are paid directly to them from the Federation Account, in line with the Supreme Court’s ruling delivered on July 11, 2024, on local government financial autonomy.
