Sunday, October 17, 2021

FCT Minister Calls For Review Of Revenue Sharing Formula

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The Minister of the Federal Capital Territory, Muhammad Bello, has called for a review of the current revenue sharing formula in the country.

At an advocacy and sensitisation meeting on the review of the existing revenue allocation formula on Tuesday in Abuja, Bello said the review is long overdue and that the current allocation is becoming inadequate.

The minister also demanded a special revenue status for the FCT to meet up with its infrastructural needs.

Represented by the Director of Human Resources Management, Bashir Mohammed, Bello said abandoned and ongoing projects must be attended to and that the present allocation is inadequate