Ex-RMAFC boss speaks on new revenue sharing formula for FG, States, LGs - Daily Post Nigeria

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Ex-RMAFC boss speaks on new revenue sharing formula for FG, States, LGs

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He said this in interview with the News Agency of Nigeria in Abuja.

The 36 states are allocated 26.72 per cent, while the balance of 20.60 per cent is given to the 774 LGAs. “Unless you move functions from one tier to another, it will be very difficult to just transfer funds boldly to another tier.” He added that even the Federal Government itself required more funds, especially with the current security situation in some parts of the country and the demand for infrastructure which also required funding.

On the review of the PSCs, Abba-Gana said it was an ongoing process that had been done in the past and was last reviewed in 2008.

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