Revenue Sharing Formula In Nigeria 2019

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.

Revenue sharing formula in nigeria 2019. Nigeria revenue sharing formula. In our previous post on the major sources of government revenue and government expenditures we ve talked about how the federal government derives. The 36 states are allocated 26 72 per cent while the balance of 20 60. Data from the nbs shows that nigeria imported 5 61 billion litres of petrol in q2 2019.

Under the current sharing formula the federal government takes the lion share of 52 68 per cent from the federation account. 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.