The six states in the South-South geopolitical zone have demanded the upward review of the oil derivation formula from the present 13 per cent to 50 per cent. This was as the zone demanded a special ...

South-South, South West and South East delegates kick against recommendations of Confab Elders Committee. Protests and complaints greeted the recommendations of the Elders Committee of the National ...

WARRI – Prominent South-South leaders, a former governor and ex-militants in the region, yesterday, took up the northern governors in their agitation for a review of revenue allocation formula saying ...

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 ...

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 ...