Senate tells RMAFC to review revenue sharing formula | InfoWARE Finance
Senate tells RMAFC to review revenue sharing formula
(Source: Punch, Date: 28-Jul-2017)
The Senate has asked the Revenue Mobilisation Allocation and Fiscal Commission to review the current revenue sharing formula. According to the legislature, the current formula does not reflect the economic realities in the country. The lawmakers lamented that the formula in use was designed to favour the Federal Government, while the states and the local governments were struggling to survive economically…
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