A Review of the Nigerian Energy Industry

Rivers seeks dialogue with FG over ceded oil wells

15 September 2015, Lagos – The Rivers State Government has said it would open dialogue with the federal government over its ceded oil well to correct imbalances in its revenue.

Oil wellsThe state Governor, Nyesom Wike, said the state would dialogue with the federal government through the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to resolve the issues of oil wells of the state and ensure that the state gets its right revenue.

The governor spoke yesterday in Port Harcourt when he received members of the RMAFC team on review emoluments of public officials in the South-south zone led by Prof. Afolabi Popoola.

“There is the likelihood that the Rivers State Government will battle the RMAFC over the revenue to Rivers State. We will dialogue with the federal government.  We shall explore all avenues of dialogue to ensure that we get our due revenue,” he said.

Wike urged the RMAFC to also consider working on the imbalance in the revenue sharing formula between the federal, states and local government areas.

He said there was need to review revenue that accrue to the different tiers of government to enhance the development of the country.
On the review of the emoluments of public officers, Wike said the review was necessary at this time.

He said the fight against corruption  should  not  be  superficial,  pointing  out  that  it must be fundamental  to  have the desired impact.
Earlier, leader of the RMAFC team to review emoluments of public  officials  in the South-south  zone, Popoola,  said the current emoluments  of public officials  came into force  in  2008.

He said the review was necessary to bring it in line with present day economic realities.

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