{"id":52783,"date":"2021-10-05T15:11:02","date_gmt":"2021-10-05T14:11:02","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=52783"},"modified":"2021-10-05T15:11:02","modified_gmt":"2021-10-05T14:11:02","slug":"special-status-lagos-demands-1-of-nigerias-revenue-as-south-west-states-meet","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/special-status-lagos-demands-1-of-nigerias-revenue-as-south-west-states-meet\/","title":{"rendered":"Special Status: Lagos Demands 1% Of Nigeria\u2019s Revenue As South-West States Meet"},"content":{"rendered":"<p>Lagos State Governor, Mr Babajide Sanwo-Olu on Monday demanded one per cent share in the revenue allocation formula after stating that the special status of the state and its prosperity directly or indirectly has multiplying effects on the South-West region and the entire country.<\/p>\n<p>He also proposed that the revenue sharing formula should be 34 per cent for Federal Government including one per cent for FCT \u2013 Abuja, 42 per cent for State Governments, 23 per cent for Local Governments and one per cent for Lagos State (special status) as against the current revenue allocation formula, which were 52.68 per cent, 26.72 per cent and 20.60 per cent for Federal Government, 36 state governments and 774 local governments respectively.<\/p>\n<p>He spoke during the opening event of a two-day South-West zonal public hearing on review of revenue allocation formula by the Revenue Mobilisation Allocation and Fiscal Commission, in Lagos State on Monday.<\/p>\n<p>The participating states at the event were Lagos, Ogun, Osun, Oyo, Ondo and Ekiti States.<\/p>\n<p>He said, \u201cI should say that it will actually be unfair to expect the state to bear this heavy burden on its own. It is therefore necessary to give due consideration to all the variables that support our advocacy for a special status.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>\u201cThe call for a special status for Lagos is not a selfish proposition; it is in the best interest of the country and all Nigerians, for Lagos which accounts for about 20 per cent of the national Gross Domestic Product and about 10 per cent of the nation\u2019s population to continue to prosper.\u201d<\/p>\n<p>The Chairman, RMAFC, Elias Mbam, said it would consult with the six zones in the country on how to review revenue allocation formula.<\/p>\n<p>He said the zonal public hearing would also be replicated in the other five geopolitical zones.<\/p>\n<p>&nbsp;<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Lagos State Governor, Mr Babajide Sanwo-Olu on Monday demanded one per cent share in the revenue allocation formula after stating that the special status of the state and its prosperity directly or indirectly has multiplying effects on the South-West region and the entire country.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":34397,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[154],"coauthors":[2391],"class_list":["post-52783","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-lagos-state"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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