Saturday, January 28Nigeria's Authoritative Maritime News Magazine
Shadow

Tag: Revenue Mobilisation Allocation and Fiscal Commission

Bayelsa Faults FG On Insolvency Status  *Restates Call For Restructuring 

Bayelsa Faults FG On Insolvency Status *Restates Call For Restructuring 

Breaking News, Politics
Bayelsa state governor, Senator Douye Diri Bayelsa State Government, on Tuesday, described as incorrect Federal Government's categorisation of the state as insolvent due to its low internally generated revenue profile. It also restated its call for restructuring of the country to address the current lopsided federalism that denied states, particularly Bayelsa, the due revenue from the resources in their land and region. Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mr. Elias Mbam, while receiving receiving the Annual States Viability Index (ASVI) from the Editor-in-Chief of the Economic Confidential in his office in Abuja on Monday, stated that Bayelsa, Borno, Katsina, Kebbi and Taraba states had become insolvent because of their “extremely poor I...