Imo State Governor Sen Hope Uzodinma has called for the creation of a special fund to compensate victims of the Nigeria-Biafra civil war in the South-East.
He stated this while declaring open the zonal public hearing on the review of the current revenue allocating formula for the South-East.
Sen Uzodinma noted that the North East Development Commission (NEDC) had been created for victims of insurgency and there was a need to compensate people of the South East especially those who lost their loved ones during the civil war.
The governor regretted that the people of South East suffered injustice in the revenue allocation in the country and urged the Revenue Mobilisation Allocation and Fiscal Commission to look into the yearnings of the people as the present allocation formula was overdue for review as it was last reviewed in 1992.
Governor Uzodinma who said most oil wells in Imo State were allocated to Rivers State was depriving the state of the allocation of the areas.
He also called for the creation of a petroleum chemical plant and compensation of the people for constructing the Sam Mbakwe Airport which was done through community effort.
Chairman, Revenue Mobilisation Allocation and Fiscal Commission Mr. Elias Mbam said the commission had commenced reviewing the existing vertical Revenue Allocation Formula.
Under the present sharing arrangement, the federal government takes 52.68% of the revenue share, states get 26.72% while the local government gets 20.60%.
Reporting by Uche; editing by Muzha Kucha