Revenue allocation formula

The inauguration which was held on august 23, 2006 came in the realization that since the 1992 revenue allocation formula, the nation is yet to have constitutionally backed sharing indices for the federal (fg), states and local government councils (lgcs) the politics of revenue allocation even in the present. Abstract this study attempts to analyze the impact of allocation formula on the nigeria growth process the analysis reveals the extent to which revenue allocation formula adopted in the past has affected the path of economic growth and development in nigeria the data is purely secondary data and was sourced from the. The current revenue sharing formula has three components namely the customs component, excise component and the development component the customs share is allocated on the basis of each country's share of intra-sacu imports the excise component is allocated on the basis of each country's share of. Reps fault existing revenue allocation formula the house of representatives has posited that the current revenue allocation formula in the country is illegal and unconstitutional as it is yet to be approved by any authority the position was made yesterday by an adhoc committee investigating data. Revenue allocation formulae in nigeria: a continuous search victor i lukpata, phd department of history and diplomatic studies federal university wukari, taraba state, nigeria email: [email protected] manuscript id: rcmss/ijpamr/1304 abstract resource disbursement is a fundamental fiscal issue.

This page highlights ibp kenya's work on the division of revenue between kenya's national and county governments, as well as our analysis and recommendations related to kenya's formula for sharing revenue among both levels of government in 2014 ibp kenya engaged in a number of activities to inform the wider. John ameh, abuja an ad hoc committee of the house of representatives on friday described the current revenue allocation formula in the country as illegal on account that it didn't receive the approval of the national assembly the committee, which is headed by a member of the all progressives. Summary since 1960 a succession of different formulae have been used to allocate revenue under nigeria's constitutions this article reviews the formulae used and suggests ways in which they have contributed to the stability of the federation the author then argues that in the 1980's the revenue allocation system.

The senate on thursday declared that the current revenue allocation formula is unconstitutional because it came into force before the introduction. 2 fiscal imbalance between federal and state revenue allocation formula indicated a major challenge, as there is fiscal imbalance in what all the tiers of government get at the end of the day. The niger state governor mu'azu babangida aliyu recently blamed the existing revenue sharing formula among the tiers of government for the growing imbalance in development strides in the northern states compared with the rest of the states in his words, the relative poverty of the (northern) region was attributable to.

The study explores nigeria's fiscal relations and the revenue allocation formula through a descriptive historical analysis it specifically focuses on the imbalance and lopsidedness associated with the systems which have combined to affect the nigerian federal system as a whole the study finds that the lack of sustainable. Former military president, general ibrahim badamasi babangida, on monday called on the revenue mobilisation, allocation and fiscal commission to adhere to the devolution of power by the federal to states and local governments, adding that it is the only reasonable solution to the criticism trailing the current revenue.

Arrangement of sections 1 distribution of the federation accounts, etc 2 formula for distribution between the federal and state governments 3 formula for distribution between local government councils 4 proportion of revenue to be paid by each state to joint local government account 5 allocations under. Ogun state has always been alive to the need for an enabling and investor- friendly environment that is able to attract capital and foster economic growth it has recorded many achievements over the past six years of the senator ibikunle amosun's administration ogun is one of the five states that attracted. The revenue mobilization allocation and fiscal commission (rmafc) has insisted that the revenue allocation formula currently in operation is legal this followed recent media reports where it was alleged that the current revenue allocation formula is illegal. 19 hours ago eldama ravine mp moses lessonet wants the commission on revenue allocation to shelve its unfair formula for countieslessonet says the current criteria has left many counties disadvantaged yet all devolved units have administrative structures that must be funded irrespective of sizehe noted on.

Revenue allocation formula

Formula for distribution between the federal and state governments 3 formula for distribution between local government councils 4 proportion of revenue to be paid by each state to joint local government account 5 allocations under special funds 6 establishment of federation account allocation committee and. 1 of 1982 in 1984, revenue amendment decree no 36 of 1984 was promulgated, decree no 49 of 1989 set up a commission that appraised formula for revenue allocation in 1992, the allocation formula was reviewed and revenue re-arrangement was made and in 2002, the revenue mobilization allocation and fiscal.

The long awaited draft report on the proposed new revenue allocation formula currently being reviewed by the revenue mobilization allocation and fiscal commission has been unanimously adopted by members of the commission and is now ready for submission to mr president in accordance with the constitutional. The commission on revenue allocation is a kenya government commission is established under article 215 and 216 of the constitution of kenya contents [ hide] 1 role 2 membership 3 notable recommendations 4 references 5 external links role[edit] its key role is recommendation of the basis for equitable. 3) incorporate the revenue allocation group into the desired fair value formula using the “groupsum()” function the groupsum function must be used in the fair value formula in a specific manner as follows: groupsum( revenueallocationgroup, expression) or in our example: groupsum((enterprise, { amount})025.

Problem, however, is that revenue allocations since 1970 have been driven largely by political considerations and by formula factors, such as jurisdictional population and state equality, rather than by factors associated with economic development imperatives it can be said that nigeria stopped operating a truly federal. (1) once every five years, the senate shall, by resolution, determine the basis for allocating among the counties the share of national revenue that is annually allocated to the county level of government (2) in determining the basis of revenue sharing under clause (1), the senate shall-- (a) take the criteria in article 203 (1). Counties that have been receiving the least disbursement since 2013 are the biggest gainers in a revised revenue-sharing formula adopted by the senate taita taveta, marsabit, kilifi, kwale, tana river and wajir will get extra cash in their baskets but some counties will get insignificant increments.

revenue allocation formula In this study, we have applied optimal control theory to determine the optimum value of tax revenues accruing to a state given the range of budgeted expenditure on enforcing tax laws and awareness creation on the payment of the correct tax this is achieved by maximizing the state's net tax revenue over a fixed time. revenue allocation formula In this study, we have applied optimal control theory to determine the optimum value of tax revenues accruing to a state given the range of budgeted expenditure on enforcing tax laws and awareness creation on the payment of the correct tax this is achieved by maximizing the state's net tax revenue over a fixed time. revenue allocation formula In this study, we have applied optimal control theory to determine the optimum value of tax revenues accruing to a state given the range of budgeted expenditure on enforcing tax laws and awareness creation on the payment of the correct tax this is achieved by maximizing the state's net tax revenue over a fixed time. revenue allocation formula In this study, we have applied optimal control theory to determine the optimum value of tax revenues accruing to a state given the range of budgeted expenditure on enforcing tax laws and awareness creation on the payment of the correct tax this is achieved by maximizing the state's net tax revenue over a fixed time.
Revenue allocation formula
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