- Federal government -41.3%
- State government – 31%
- Local government – 16%
Apparently, not satisfied with what is considered an upside formular, the southern Governors insist that only equal revenue sharing between the federal government and the state governments in Nigeria will be considered their and realistic by the southern states. They therefore requested for the adoption of the following formular for revenue allocation in Nigeria:
- Federal government -36%
- State government – 36%
- Local government – 25%
- Federal capital – 1%
- Ecology -2%
Revenue allocation (2000-2010), the current vertical allocation formular which is based on presidential executive order is as follows:
- Federal government – 52.68%
- State government -26.72%
- Local government – 20.60%
While the horizontal allocation formular which captures factors/principles and percentage is as follows:
- Equality – 40%
- Population -30%
- Landmax and Terrian -10%
- Internally generated Revenue – 10%
No comments:
Post a Comment