FG to get 45.17% in new revenue formula, states, 29.79, LGs, 21.04

160 days to polls, Buhari sets up another advisory group on economy

Muhammadu Buhari, President of Nigeria.

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), on Thursday, submitted a new revenue formula to President Muhammadu Buhari, with 45.17 percent proposed for the Federal Government, 29.79 percent for states, and 21.04 percent for local governments. The extant revenue formula indi

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