Recall that RMAFC stated that some state governments were insolvent after their IGR collections were declared “extremely poor” with Bayelsa state inclusive.
The Revenue Mobilization Allocation and Fiscal Commission through its Chairman, Mr Elias Mbam, had on Monday raised concerns that the Federation Account was currently overstressed by the unending demands of the three tiers of government of Bayelsa, Katsina, Taraba, Borno and Kebbi States, urging the states to evolve creative ways of fattening their IGR to lessen the strain on the federal purse.
According to Timipre Seipulo, ”assuming the federating nature was not the way it works, probably the state’s internally generated revenue should have included revenue from oil and gas because oil and gas are our own natural resources”.But unfortunately, because of the federating nature, a lot of things are determined by the federal government. We also know that a lot of fiscal policies are driven by the government. That is why you see that we call for restructuring from the federal government”.