Forum of Commissioners for Finance of Nigeria has called on the federal government to ensure that all accruals from the removal of fuel subsidy go to the federation account.
“We will like to sincerely commend the President for having that political will to do that, first day in office,” he said. He explained, however, that the Federal Government should come up with policies and programmes that could address the challenges Nigerians are currently facing as a result of an increase in the pump price of fuel due to the removal of subsidy.“He has already started it by proposing a wage increase for workers, but that has to be done alongside sub-nationals because the sub-nationals have the bulk of civil servants in this country.
Meanwhile, the incoming Chair of the Forum, Wale Akinterinwa, commended his predecessor, saying that Mr Olofu did a very good work while leading the forum. Mr Akinterinwa, commissioner for finance in Ondo State, reiterated that the removal of fuel subsidy was an overdue issue. “This is an opportunity for states revenue mobilisation and all other agencies to collaborate in the area of increasing internally generated revenue of states and diversification of the economy”, he said.Mr Shehu urged states to ensure that the monies that were eventually going to the states should be used properly so that “we can run a very good federation and create opportunities for jobs for Nigerians.
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