Sanwo-Olu Calls For Review Of Revenue Formula

Lagos State Government has called for a new revenue sharing formula that reflects the contribution of stakeholders to the common purse.

The state Governor, Babajide Sanwo-Olu made the call yesterday, during a two-day South-West zonal public hearing on the review of the revenue allocation formula organized by Revenue Mobilization Allocation and Fiscal Commission, RMAFC.

Sanwo-Olu noted that the state wanted a revenue formula that enhances the capacity to deliver high-quality services and dividends of democracy to Nigerians.

The governor appealed to all stakeholders to approach the review process with open minds.