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Reps demand new revenue formula from Buhari

Published by Punch on Thu, 05 Nov 2015


The House of Representatives on Thursday asked President Muhammadu Buhari to lay before the National Assembly, a new formula for sharing revenue among the three tiers of government. Nigerias economy is mainly dependent on crude oil revenues and paid into the Federation Account. Funds are drawn monthly from the account and shared by the Federal,
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