Revenue Sharing Formula

New Revenue-sharing Formula To Cut Down Local, Federal Allocations

Nov 10, 2021. by Ekohot Editor

…he said it’s critical to reiterate that revenue allocation should be done constructively. EKO HOT BLOG reports that the federal government has suggested a portion of shared national income of 50.68 per cent, which is 2.03 per cent less than the current 52.68 per cent. On Monday, Boss Mustapha, the Secretary to the Government of … Read more

Lagos Frains Review Of Revenue Sharing Formula, Demands Special Status

Oct 5, 2021. by Ekohot Editor

In the current sharing arrangement, the federal government is entitled to 52.68 percent while state governments get 26.72 per cent and LGAs receive 20.6 percent The Lagos State Government has demanded a new revenue sharing formula that is fair, equitable and reflects the contribution of stakeholders to the nation’s coffers. Governor Babajide Sanwo-Olu made the … Read more