If approved, the money will be drawn from the Development of Natural Resources Fund, as provided for by the Revenue Allocation Act.
LEADERSHIP gathered that the Fund receives direct allocations from the federation account on a monthly basis and is added to the share of the federal government to be kept in trust for the three tiers of government.The money is in the custody of RMAFC and can be accessed by states once they can convince the commission of the viability of the projects they intend to fund. But it can only be released on the recommendation of RMAFC’s committee on fiscal efficiency and budget.
The committee was in Plateau State to see first hand, all the projects that the government intends to fund with the money. The chairman of the committee, Adamu Shettima Yuguda Dibal led his vice, Mr Alfred Egba and other members of the committee to Jos, the Plateau State capital, where they promised the governor, Simon Lalong, that the state’s request would receive the attention it deserves.
During the courtesy visit on the governor, Yuguda Dubal who is also a former deputy governor of Borno State, said the visit was “part of the process required for accessing the requested funds. At the end of the exercise, a report will be generated by the committee with recommendations on the appropriate amount the state should access.