
Gov. Wike wants new revenue sharing formula to Favour states
Rivers State Governor, Nyesom Ezenwo Wike has advocated a new revenue sharing formula that will make the States get more money for development. Governor Wike made the suggestion when he received a delegation of the Revenue Mobilisation, Allocation and Fiscal Commission on a courtesy visit at Government House, Port Harcourt. The Governor pointed out that the States bear more development burden and would require more money to cater to the needs of the people. "There cannot be a Federal Government without the States. So, we advocate a new revenue formula that should take more revenue out of the Federal Government…