Southern governors call for review of revenue formula
South-South governor’s forum has called for the upward review of the oil derivation formula from the present 13 percent to 50 per cent. The Delta State Commissioner for Finance, Fidelis Ekenwo, stated that these were among the resolutions of the governors, local government chairmen and people of the zone at the end of a two-day public hearing on the revenue allocation formula review for the South-South organized by the Revenue […]