The League of Northern Democrats has rejected the derivation formula proposed in the ongoing tax reform discussions, warning that it could deepen regional inequalities if not properly defined. The ...

Bayelsa State Governor Seriake Dickson yesterday lamented injustice in revenue sharing formula and asked the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to revisit the era of 100 ...

Delta State has received the highest allocation of N133.78 billion from the federation account (FAAC) from the 13 percent derivation formula in the first half of 2024, according to data from the ...

Prof. Ihechukwu Madubuike, former Minister of Health, who is representing the South-East geopolitical zone at the National Conference, has called on the Federal Government to adopt the system of ...

ABUJA: The Ijaw Youth Council IYC Worldwide has demanded an upward review of the 13 percent derivation formula, saying in the light of global trends, it was wrong to give such a meagre percentage to ...