Home / News / Buhari Not Introducing New Revenue-Sharing Formulae – Enang
Nigeria's President, Muhammadu Buhari

Buhari Not Introducing New Revenue-Sharing Formulae – Enang

Sen. Ita Enang, a presidential adviser on National Assembly Matters, has said President Muhammadu Buhari does not plan to re-introduce the on-shore/off-shore dichotomy in revenue-sharing among littoral states. A littoral zone is the part of a sea, lake or river that is close to the shore (the land along the edge of the sea or ocean).

According to Enang, the issue is being used to “campaign against Mr President, the APC as a party and the Committee, chaired by Gov. El-Rufai on proposal for re-structuring of Nigeria Report”.

He further said, “It is alleged that the said Report is re-introducing on-shore-off-shore dichotomy intended to deprive the littoral states of Akwa lbom, Bayelsa, Rivers, Delta, Lagos among others of the derivation content of Revenue allocation”.

“It is also alleged that the greater part of Akwa Ibom State revenue is from off-shore oil.

“As preliminary, I want to state a forehand that neither President Muhammed Buhari, the APC as a ruling party nor the Report on re-structuring has reintroduced covertly or overtly or in any manner whatsoever the abrogated on-shore-off-shore dichotomy.

“And that the statutory allocation to Akwa Ibom and other littoral States will not decrease.

“I speak and say again that the intendment of the (APC) Report is to allow the states control resources and devolve more powers to the states, and consequently increase allocation to the states, of which Akwa Ibom is among.”

“Finally, may l state that at no point has it recommended for on-shore-off-shore dichotomy to be re-introduced or enforced, and the Federal Government is not doing so at this moment?.”

About Ademola Aderele

Check Also

NBC Has No Power To Suspend Licences Of Media Organisations - Falana

Falana Advises S/West Govs To Send Amotekun Bills To State Assemblies

Femi Falana, a human rights lawyer, has advised South West governors to send bills on …

Stop IMN’s Planned Book Launch, Group Tells Court

A group, the Centre for Social Justice, Equity and Transparency (CESJET) has taken legal action …

Leave a Reply

WhatsApp Newsbreak