The National Economic Council, on Thursday, approved the Revenue Mobilisation, Allocation and Fiscal Commission’s request to seek a National Assembly amendment to its existing Act and to provide an alternative funding source for the Commission.

Briefing State House Correspondents at the Presidential Villa, after the National Economic Council meeting in Abuja, Anambra State Governor, Chukwuma Soludo said NEC’s approval followed an earlier presentation by RMAFC seeking approval of RMAFC’s proposed Bill to the National Assembly to amend the Act, and the approval of 0.05% of non-oil federation revenue as an alternative funding source for the Commission.

Meanwhile, the Chairman NEC adhoc committee on flood, erosion, drought and desertification and Governor of Kogi State, Usman Ododo gave an update report on the committee’s activities noting the implementation of some of its recommendations, especially the provision of financial support to States and disbursement of funds to line ministries and agencies of government to address flood and related disasters across the country.

According to the Deputy Governor of Akwa Ibom State, Dr. Okon Eyakenyi, NEC approved the recommendations for the disbursement of the balance of funds approved for MDAs for flood mitigation and related activities.

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