Akure, Ondo – The Ondo State Governor, Lucky Aiyedatiwa, has called for the review of the revenue allocation formula, which he said was skewed in favour of the Federal Government.

Aiyedatiwa made the call at the South-West Centre B public hearing of the House of Representatives Committee on the review of the 1999 Constitution (as amended) in Akure, the state capital, on Friday.

He also called for true federalism that reflects the socio-political, cultural, and economic realities of the federating units.

The governor said, “Ondo State aligns with the progressive aspirations of the South-West in advocating true federalism that reflects the socio-political, cultural, and economic realities of the federating units.

“This would be in tandem with true fiscal federalism, where states have full control over their resources and revenues while remitting about 40 per cent of their revenues to the Federal Government.

“Still on fiscal federalism, it will serve the cause of fairness and justice to have a review of the current revenue allocation formula, which is skewed in favour of the Federal Government. Ondo State is of the opinion that not less than 50 per cent of revenue from the federation should be allocated to the states.”

Aiyedatiwa described the public hearing as an exercise that presented an opportunity for the people to re-examine the framework of the governance structure, identify areas that require reform, and make informed amendments that would enhance the stability, security, and development of Nigeria.