Revenue Sharing Formula In Nigeria

An ad hoc committee of the house of representatives on friday described the current revenue allocation formula in the country as illegal on account that it didn t receive the.

Revenue sharing formula in nigeria. Essentially this tilts nigeria s federalism preponderantly towards sharing. 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. Under the current revenue sharing formula each month the federal government takes the major share of 52 68 from the federation account the 36 states get 26 72. The national leader of the all progressive congress apc bola tinubu on saturday called for the.

States local councils to get more funds says rmafc also 13 percent of oil and gas federally collected revenue is returned to the oil producing states as. Going by the current revenue sharing formula the federal government receives 52 68 per cent of the national revenue while states and local governments are allocated 26 72 per cent and 20 60 per. Under the current revenue sharing formula the federal government takes about 52 68 per cent the 36 state. In our previous post on the major sources of government revenue and government expenditures we ve talked about how the federal government derives.

He spoke after he received an award of excellence from the nigeria civil service union. Nigeria s revenue sharing formula awkward tinubu. It has obstructed inventiveness and the big economic picture where states are supposed to be unique economic centres. The senate has called for a review of nigeria s revenue sharing formula to give states and local government areas greater share than what they get in the current formula which gives more to the.