Revenue allocation of Nigeria to the three tiers of government from 2010 to 2023?
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Jul 22
The revenue allocation of Nigeria to the three tiers of government (federal, state, and local) is determined by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) based on the principles of derivation, equality of states, population, land mass, internal revenue generation, and social development. The allocation is usually done on a monthly basis and is subject to review from time to time.
Here is an overview of the revenue allocation to the three tiers of government in Nigeria from 2010 to 2023:
2010-2014: - Federal Government: 52.68% - State Governments: 26.72% - Local Governments: 20.60%
2015-2019: - Federal Government: 52.68% - State Governments: 26.72% - Local Governments: 20.60%
2020-2023: - Federal Government: 52.68% - State Governments: 26.72% - Local Governments: 20.60%
It is important to note that these figures are subject to change based on the economic situation and government policies in Nigeria.
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