Tag: Revenue Sharing Formula

Buhari Sets Up Committee Headed By Osinbajo To Immediately Share Excess Crude Account Funds

President Muhammadu Buhari Tuesday in Abuja assured State Governors that the days of impunity, lack of accountability, and fiscal recklessness in the management of national resources are over in Nigeria. Speaking at a meeting with the Governors in the Presidential Villa, President Buhari also vowed that funds stolen by government[Read More…]

Solid Minerals’ States To Get 13% Derivation Funds

A sharing formula that will enable some of the solid minerals-producing states in the country to benefit from 13 per cent derivation funds is being worked out, reports Nigeria’s Guardian Newspaper. Benue, Niger, Plateau, Nasarawa, Ogun, Taraba, Kaduna, Kwara, Enugu, Zamfara, Kogi, Bauchi, Gombe, Osun and the Federal Capital Territory (FCT)[Read More…]

Addressing The Challenges Of Revenue Sharing Formula

A News Analysis by Rachael Ishaya, News Agency of Nigeria (NAN) Agitations for a more equitable revenue sharing formula in Nigeria, perhaps, propelled the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to carry out a nationwide sensitisation programme recently. Currently, the revenue sharing allocation formula is: 52.68 per cent for[Read More…]