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ELANHUB MEDIA
Home News Politics

RSHA Approves Deduction of Funds Owed Federal Government From Funds Due the State From ECA

Stanley Uhegbu by Stanley Uhegbu
April 4, 2023
in Politics
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Rivers State House of Assembly Complex, Port Harcourt Source: UGC

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The Rivers State House of Assembly has granted the request of the Executive to approve the deduction of funds owed Federal Government from the funds due to the state from the excess crude accounts.

The House also approved that the consultant fees and tax be deducted at once and paid to the consultants already engaged by the Nigerian Governors Forum.

This was sequel to the request letter sent to the Assembly by the Governor, Nyesom Wike on the matter.

The lawmakers while debating on the request letter stressed the need to grant the request as sent to the House noting that it will afford the state to get whatever funds accrueable to it.

They also said that the action will afford the state opportunity to access its own funds alongside other states adding that Rivers State requires more funds to chanel to development.

The lawmakers who unanimously endorsed the request said the action should not be delayed so that Rivers would not be left out in the comity of states as represented by the Nigerian Governors Forum.

It would be recalled that the Nigerian Governors Forum had in a meeting on Thursday 30th March 2023 deliberated on the outstanding 60% refunds to states from the excess crude accounts,Royalties accounts, amongst others.

They had further requested documentation to conclude reconciliation and refund process which covers consent for 5% deduction as Consultancy fees to be paid to the consultants engaged by already NGF.

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