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Nigeria's revenue sharing formula needs a facelift

Published by Tribune on Wed, 19 Jun 2024


Tribune OnlineNigeria's revenue sharing formula needs a faceliftNIGERIA's revenue allocation formula, which dictates the statutory sharing of revenues from the Federation Account [Section 162(1) of Constitution of the Federal Republic] among the three tiers of government, negates all known principles of fairness, and equity. The system does not promote fiscal efficiency and does not give room for effective fiscal coordination. Revenues are []Nigeria's revenue sharing formula needs a faceliftTribune Online
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