The Governor of Bauchi State, Bala Mohammed, has revealed that state governments are yet to benefit from the improved revenue generated by the oil sector, as the remittances are not being properly credited to the Federation account.
The Governor, who also serves as the Chairman of the Peoples Democratic Party, PDP, Governors Forum, urges the Federal Government to provide clear and detailed explanation to the public as to why the revenues that has being collected are not being properly remitted for distribution and sharing among the three tiers of government as stipulated by the law.
The Governor made this disclosure when the Minister of Finance and Coordinating Minister of Economy, Wale Edun, paid a courtesy call at Government House ahead of the 2024 Conference for the National Council on Finance and Economic Development ongoing in the state.
He stresses that it should be considered nothing short of a miraculous work that States are yet to benefit under the current Minister despite being one of the biggest oil-producing nations.
-9News Nigeria.
