A new revenue sharing formula for Nigeria is ready, The Nation has learnt. The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) will submit the new formula to President Muhammadu Buhari.

Businesses are primarily successful based on how much money they make or their revenue. But while anyone can roughly grasp revenue, what it means and why it’s essential, revenue as a business figure ...

The Federal Government has officially commenced the process of reviewing the nation’s revenue allocation formula to meet current realities. Chairman of the Revenue Mobilisation Allocation and Fiscal ...

The Nigerian federation has been derisively described as ‘feeding bottle federalism’ characterised by the monthly revenue sharing among the three tiers of government. In recent times, states have ...