Revenue allocation: the issue of revenue allocation is another issue confronting federalism in nigeria revenue allocation refers to the sharing formula of the country's financial resources among the different tiers of government in the country, with the main objective of enhancing economic growth and development, reducing inter-governmental. Thus, having examined the various means or ways nigeria has attempted to solve the issue of revenue allocation, it must be categorically stated here that the problem of revenue allocation is still a reoccurring decimal in nigeria political system which have been causing a major set back to the country federal system. April 22, 2018 july 24, 2018 edvinng editor leave a comment on gani adams advocates for restructuring says it will help solve problems confronting nigeria otunba gani adams, the aare-onakakanfo of yorubaland, has again reiterated the need to restructure nigeria. Even so, as recently as 2013, the central bank of nigeria reported the 76% of the country's crude oil revenue intended for the bank was unaccounted for the most currently released result on the level of corruption in nigeria has improved when compared to that of 2013 and other years.
One is aware that the issues of revenue allocation and resource control are emotional ones in nigeria, particularly after so many years of economic deprivation of the niger-delta nevertheless, some hard-nosed decisions now have to be made in light of the recent supreme court ruling. The revenue allocation issue in the political economy of nigeria is a volatile as any other national question such a population this means that how national revenue is shared among the different component political units of the federal structure is irretrievably tied to the national question. 22 federalism and revenue allocation in nigeria federalism simply refers to a system of government where there is constitutional division of power between two or more levels of government. Revenue allocation, therefore, has been evolved as a mechanism for dealing with this imbalance of these problems faced by local government in nigeria, it is quite.
Ideh promised to reform nigeria's revenue generation and allocation structure, including federal tax regimes, if given opportunity to become president dr elishama rosemary ideh has become the. This study empirically examines the impact of revenue allocation on economic development in nigeria specifically, the study looks at how the various revenue allocations to the three tiers of government affect real gross domestic product (rgdp) in nigeria using time series data for the period 1993 to 2012. Revenue allocation principle since independence there are large oil revenues in nigeria unfortunately, these are concentrated in the hands of industry and government officials, and little of.
Revenue allocation in a federal system is one sucharea that call for a great deal of consensus built on meaningful compromisesof the many problem that have always arisen with regard to revenue sharing inall federations, two stand out with respect to nigeria. Part one traces the origins of revenue allocation in nigeria while part two examines the impact of the discovery of oil and oil revenue on the revenue allocation arrangements in the country. In nigeria revenue 42 allocation largely implies the allocation of oil revenue, therefore, oil is central to the politics of inter-governmental fiscal relations thus, the contending forces over power and access to oil, extraction and accumulation of resources constitute the major conceptual issues that must be objectively confronted in seeking.
Hence, the nature of fiscal federalism and revenue allocation formula in nigeria is such that it has failed to emphasize the derivation principle, and to allocate adequate resources for the development of the niger delta, which is occupied by minority ethnic groups (omotoso, 2010. This paper examined the challenges confronting local government administration in effective and efficient social service delivery at the grassroots it presents an appraisal on nigerian experience with the local government administration and the. In nigeria, as in most federations of the world, questions of equitable revenue sharing formula have been at the forefront not only of policy discourse but also physical agitation, including militancy movements. Purpose this paper aims to examine the nigeria's approach for tackling tax evasion, the limitations of double tax conventions for that purpose, the benefits of multilateral instruments/standards for automatic exchange of tax information and nigeria's ability to participate in such arrangements.
However problems began to crop up on revenue allocation and sharing with the attainment of independence in 1960 and with the adoption of the federal system of government. Revenue allocation in nigeria, for, as one analyst bluntly put it, to talk about the nigerian economy is to talk about the pumping of crude oil, oil, the allocation of revenue (accruing) from crude oil and the embezzlement and wastage of. In nigeria revenue allocation is taken as the distribution of national revenue among the various tiers of government in the federation in such away as to reflect the structure of fiscal federalism.
Restructuring will help solve problems confronting nigeria, says gani adams otunba gani adams, the aare-onakakanfo of yorubaland, has again reiterated the need to restructure nigeria adams said restructuring will help nigeria overcome her socio-economic and political challenges. This paper therefore seeks to examine whether there is a nexus between local government failure and the nature of fi scal decentralization and revenue allocation in nigeria.
The centralization of nigeria's fiscal federalism began with the report of the dina commission (1968) which argued that an appropriate revenue allocation system should result in a more equitable distribution of revenue among the states to achieve a balanced development of the federation. As of 2014, revenue allocation in nigeria is a highly controversial and politicized topic that the federal government claims is geared toward limiting intergovernmental competition, allowing different levels of government to meet obligations to the public and fostering balanced economic growth. Contemporary issues in nigeria's political economy show that perhaps the most important issue of fiscal federalism is the revenue allocation formula, the sharing of national revenue among the various tiers of government (vertical revenue sharing) as well as the distribution of revenue among the state governments (that is, horizontal revenue. 1 chapter one introduction revenue allocation in nigeria has been one of the most intractable and controversial issues particularly, the `principle of derivation' has been highly contentious in the country's fiscal federalism since oil discovery in 1958.