The Senate on Wednesday disclosed that the current revenue allocation in the country is unconstitutional.
This disclosure was made in a motion sponsored by Senator Adamu Ailero, who observed that that the present Revenue Allocation Formula has been in operation before the commencement of this democratic dispensation in 1999.
Ailero said the constitution did not contemplate that a particular revenue formula is to be in force in perpetuity.
He said in fact, the constitution requires the formula to be reviewed every five years.
He said that there is no extant Act of the National Assembly accepting the present Revenue Allocation Formula, which means the formula in use now is unconstitutional.
The Senate however Directed the Revenue Mobilization Allocation and Fiscal Commission to review the present Revenue Allocation formula to reflect the present and changing economic realities of our country.
The legislators also asked the Federal Government to table its proposed revenue collection formula before the National Assembly for deliberation and passage into law.
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