{"id":51277,"date":"2021-10-05T12:56:46","date_gmt":"2021-10-05T11:56:46","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/federation-allocation-fg-should-stop-getting-lions-share-states-deserve-42-percent-sanwo-olu"},"modified":"2021-10-05T13:33:59","modified_gmt":"2021-10-05T12:33:59","slug":"federation-allocation-fg-should-stop-getting-lions-share-states-deserve-42-percent-sanwo-olu","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/federation-allocation-fg-should-stop-getting-lions-share-states-deserve-42-percent-sanwo-olu","title":{"rendered":"Federation Allocation: FG should stop getting lion\u2019s share, States deserve 42 percent \u2013 Sanwo-Olu"},"content":{"rendered":"

Africa-Press<\/a> – Nigeria<\/a>. <\/strong><\/span>Lagos Governor, Babajide Sanwo-Olu has called for a review that will allow states to get 42 per cent of revenue in the Federation Account.<\/p>\n

The governor spoke on Monday at the South-West Zonal public hearing on Review of Allocation formula by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC).<\/p>\n

In the current sharing formula, the Federal Government takes 52.68 per cent, states 26.72 per cent, local governments 20.60 per cent and 13 per cent derivation for oil producing states.<\/p>\n

Sanwo-Olu noted that the formula which became operational about 29 years ago was long overdue for amendment.<\/p>\n

The governor said the Nigerian fiscal federalism should be adjusted to develop more expenditure responsibilities with appropriate revenue allocation to States and LGs.<\/p>\n

\u201cThe Lagos State Government proposed revenue allocation formula: Federal government: 34 per cent, State government 42 per cent, local government councils: 23 per cent and Lagos State (Special Status, 1 per cent).\u201d<\/p>\n

Sanwo-Olu said the solution will diversify and strengthen the fiscal base of the state government.<\/p>\n

The Lagos helmsman stressed the need to reverse the age-long fiscal dominance by the federal government in order to re-establish a true federal system.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Lagos Governor, Babajide Sanwo-Olu has called for a review that will allow states to get 42 per cent of revenue in the Federation Account. The governor spoke on Monday at the South-West Zonal public hearing on Review of Allocation formula by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC). In the current […]<\/p>\n","protected":false},"author":84,"featured_media":51276,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,28,14,26],"tags":[1570,2140,5590,254,687],"class_list":["post-51277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-federation-allocation","tag-nigeria","tag-sanwo-olu"],"yoast_head":"\nFederation Allocation: FG should stop getting lion\u2019s share, States deserve 42 percent \u2013 Sanwo-Olu - Nigeria<\/title>\n<meta name=\"description\" content=\"Lagos Governor, Babajide Sanwo-Olu has called for a review that will allow states to get 42 per cent of revenue in the F ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/federation-allocation-fg-should-stop-getting-lions-share-states-deserve-42-percent-sanwo-olu\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Federation Allocation: FG should stop getting lion\u2019s share, States deserve 42 percent \u2013 Sanwo-Olu\" \/>\n<meta property=\"og:description\" content=\"Lagos Governor, Babajide Sanwo-Olu has called for a review that will allow states to get 42 per cent of revenue in the F ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/federation-allocation-fg-should-stop-getting-lions-share-states-deserve-42-percent-sanwo-olu\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-05T11:56:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-05T12:33:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/10\/img-615c461d637e3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/federation-allocation-fg-should-stop-getting-lions-share-states-deserve-42-percent-sanwo-olu#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/federation-allocation-fg-should-stop-getting-lions-share-states-deserve-42-percent-sanwo-olu\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Federation Allocation: FG should stop getting lion\u2019s share, States deserve 42 percent \u2013 Sanwo-Olu\",\"datePublished\":\"2021-10-05T11:56:46+00:00\",\"dateModified\":\"2021-10-05T12:33:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/federation-allocation-fg-should-stop-getting-lions-share-states-deserve-42-percent-sanwo-olu\"},\"wordCount\":196,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/federation-allocation-fg-should-stop-getting-lions-share-states-deserve-42-percent-sanwo-olu#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/10\/img-615c461d637e3.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Federation Allocation\",\"Nigeria\",\"Sanwo-Olu\"],\"articleSection\":[\"all news\",\"homepage-english\",\"Policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/federation-allocation-fg-should-stop-getting-lions-share-states-deserve-42-percent-sanwo-olu#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/federation-allocation-fg-should-stop-getting-lions-share-states-deserve-42-percent-sanwo-olu\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/federation-allocation-fg-should-stop-getting-lions-share-states-deserve-42-percent-sanwo-olu\",\"name\":\"Federation Allocation: FG should stop getting lion\u2019s share, States deserve 42 percent \u2013 Sanwo-Olu - 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