Revenue Formula In Nigeria
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The revenue mobilisation allocation and fiscal commission rmafc has proposed a review of the current revenue allocation formula.
Revenue formula in nigeria. Revenue allocation formula in nigeria introduction prior to the discovery of oil in nigeria other sectors of the economy thrived agriculture for instance was a major source of revenue for the western region. Tinubu who observed some loopholes in the revenue formula of nigeria appealed to governors within the south west geopolitical zone to apply synergy used in oodua investment to address the issue. The eastern region that was less endowed devised other sources of revenue all this has however changed since the discovery of oil in the country. Oasdom government revenue allocation and sharing formula in nigeria government revenue allocation is one aspect of governance that grabs the interests of politicians and citizens of the country.
This was made known in a written presentation by rmafc to the house of representatives on its 2020 and 2021 budgets.
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