FG Announces Development Of Software To Boost Revenue Generation, Allocation

Eko Hot Blog reports that the Federal Government says it has developed software to enhance transparency in revenue generation and sharing amongst the three tiers of government.

According to NAN, the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, Chairman, Mr Mohammed Shehu, said this in an interview on Sunday.

According to him, the software will help the commission perform one of its major functions of reviewing the revenue allocation formula for the entire federation from time to time.

There is the vertical revenue allocation formula; who gets what percentage – Federal, State or Local Government (LG).

“There is also the horizontal formula; how do you share that percentage among states and LGs?

“That means you have to consider factors like population, school enrollment, land mass, hospital beds; these are some of the indices.

“Previously, what we did was to request for the required information manually, and then the commission will go and do the inspection manually,” Shehu said.

He said the commission also got data from relevant agencies like the Office of the Statistician-General of the Federation and the National Boundary Commission.

“We now have software through which the states and LGs will input the required data. They have a passcode.

“We will collect the data that they sent, analyse it and also send our team for verification, and then we will agree on how that horizontal formula will be,” he said.

He called for the cooperation of all revenue-generating agencies in the country in the commission’s effort to ensure the optimal deployment of government revenue effectively.

“The Federal Government and the sub-national governments are concerned with how to make more revenue by also blocking leakages.

“Technology will save us the time of going through documents and help us cut down on many leakages,” he concluded.

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