Report of the 2024 FAAC Post-Mortem Sub-Committee Retreat
The Delta State Commissioner for Finance, Chief Fidelis Tilije assured Deltans that he and his team would negotiate with the Revenue Mobilization Allocation and Fiscal Commission(RMAFC) and other members of The Federation Account Allocation (FAAC ) Post-Mortem Sub-Committee in order to recover outstanding funds as well as improve on the general indices of resources that are accuruble to the State.
He made this known while fielding questions from newsmen at the Unity Hall, Government House, Asaba during the on-going 3-day retreat on efficient management of the federation account for members of the Federation Account Allocation (FAAC) Post-Mortem Sub-Committee.
The Commissioner revealed that the RMAFC which was set up by Decree No. 49 of 1989 is very critical in the fair and equitable allocation of resources to the different tiers of Government in Nigeria as it’s core mandate is to oversee and monitor the disbursement of funds from the federation account as well as review allocation formulae.
“I must confess that as a state, we have enjoyed the cooperation of the federal MDAs in the composition of FAAC and RMAFC. I can also affirm that the revenue generating MDAs particularly the FIRS and customs have done so well. The setback we have always had as regards remittance at the plenary of FAAC is the NNPC”
“I am hoping that when we finish this retreat, they would be able proffer solution that would make the NNPC to be more transparent and accountable to the people. We have thought earlier on that with the enactment of the PIA, the transparency of cooperate governance culture would find it’s way to the NNPC portfolio but it hasn’t happened,” the Commissioner said.
It could be recalled that in November, 2023, the Delta State Government in collaboration with the Federal Ministry of Finance hosted an enlarged FAAC retreat which had in attendance the Federal Minister of finance Hon. Wale Edun and all commissioners of finance and accountant generals in the Federation.
