Governor Sanwo-Olu calls for 42% revenue allocation to Lagos State
The Lagos State Governor, Babajide Sanwo-Olu has called for a 42% revenue share model to states from the Federation Account. ...
Tag: revenue allocation
FG to review vertical revenue allocation to 3 tiers of government
The Federal Government announced that it is ready to review the vertical revenue allocation formula it currently operates towards the ...
Governors may push for 42% of federal allocation in new sharing formula
It has been revealed that state governors in Nigeria may request 40% of the total federal allocation, as the federal ...
State Governments and LGAs share monthly allocation of N294 billion
States and Local Governments in Nigeria shared a total of N294.83 billion in May 2019. This was revealed in the ...
Chart of the day: Revenue Allocation Formula among three tiers of government
The Federation Account Allocation Committee (FAAC) distributes revenues among the three tiers of government in Nigeria: Federal, States and Local ...
States have decided to use other methods than follow FG’s heavy borrowing
In contrast to the Federal Government’s path of heavy borrowing to cut its way out of the revenue shortfall being ...
The 5 states with the highest net statutory allocation in H1 2017
The first half of the year is gone and states, most of whom depend on statutory allocation from the top, ...
