Senate on Thursday sought for a review of Nigeria’s revenue sharing formula to give states and local government areas greater share now, revealing that the current revenue formula is “unconstitutional”.
Senate resolution was sequel to a motion sponsored by Senator Adamu Aliero who noted that the current formula is blind to present and changing economic realities.
He added that there is no extant Act of the National Assembly accepting the present Revenue Allocation Formula which means the formula in use now is unconstitutional.
Details later…
