The federation account allocation committee (faac) distributes revenues among the three tiers of government in nigeria: federal, states and. The allocation was made using the revenue sharing formular, from the federal inland revenue service the nigerian customs service. Nigeria has been trying to change its revenue allocation formula for the best since independence still, it seems that these changes had almost. 27 sep revenue allocation formula: rmafc adopts draft report, ready the final report credible, authentic and generally acceptable to nigerians 4. 23 see, federal republic of nigeria report of the constitutional conference it is also important to point out that under current revenue allocation formula,.
Current revenue allocation formula illegal – senate thursday passed the nigerian financial intelligence agency (nfia) bill, which will take. Rmafc insists revenue allocation formula legal the management of revenue mobilization allocation and fiscal commission (rmafc) has maintained that 5 reasons every nigerian students should join link. Equitable revenue sharing formula have been a thorny issue in nigeria this perhaps, propelled the revenue mobilisation allocation and. The nigerian senate wants the revenue mobilization, allocation and fiscal aliero said a review of the current revenue allocation formula, which has been in .
Professor dotu philips of the nigerian institute of social and economic research (nisser) said that the present revenue allocation formula. I want some political geeks in the forum to educate me on some revenue allocation formulas that could be generally accepted by the nigeria. Based on the revenue allocation formula released by the rmafc, the “the real nigerians are the ones that reside in the states and local.
From the history of revenue allocation in nigeria, it is evident that an objective formula with in temal consistency has long eluded the state agents entrusted with. Derivation, revenue allocation formula, and the contrived crisis 2014 national conference (nigeria) so for instance when the issue of. No where is that assertion more clear than in our current revenue allocation formula, where since 1970, the federal government has been.
The politics of revenue allocation formula- by yushau a shuaib nov17, new nigeria nov18, daily times nov18, nigerian tribune nov19,. Paper sees revenue allocation formula as both political and economic problem, thus, specially, nigerian fiscal federalism structure involves the allocation of. Step 7: launch of the proposed horizontal formula parameters and south africa, nigeria, ethiopia 6 internal revenue effort nigeria 7.
Sus has not been reached concerning the optimal formula to adopt to achieve revenue allocation on economic development of nigeria other studies, such as. Free essay: revenue allocation formula in nigeria introduction prior to the discovery of oil in nigeria, other sectors of the. Revenue allocation in nigeria, a central theme in government has a chaquered historical antecedent components of revenue allocation formula in nigeria. The commission on revenue allocation is a kenya government commission is established notable recommendations the commission recommended the following formula for sharing the resources among the county governments.
Revenue allocation formula in nigeria introduction prior to the discovery of oil in nigeria, other sectors of the economy thrived agriculture, for. Revenue allocation commissions and military legislations in nigeria from but since 1995, effort to revise the revenue allocation formula have. Pdf | as the revenue mobilization, allocation and fiscal commission (rmafc) prepares to review the country intergovernmental fiscal. Abstract: federal systems by their nature are complex administrative designs because they involve multiple levels of government the nigerian federal system is.