FEDERALISM AND REVENUE ALLOCATION IN NIGERIA: A CRITICAL EVALUATION OF THE DERIVATION PRINCIPLE
- Project Research
- 1-5 Chapters
- Qualitative
- Content
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The Nigerian federation has been enmeshed in contradictions, paradoxes, controversies and crises. These are subsumed in the national question, and social groups of varying ideological leanings cohere on the central issues. These are linked to national unity, local autonomy and self-determination, equitable distribution of revenue, rewards, opportunities and power. They also include the observation and implementation of fundamental human rights, among which are the rights of franchise and empowerment, and socio-economic rights to basic needs’ satisfaction, sustainable environment and life
From 1960 till date, the revenue allocation system can neither be said to be efficient or equitable. However, the nature and conditions of the financial relations in any federal system are crucial to the continued existence of such a system. The study explores Nigeria’s fiscal relations and the revenue sharing allocation formula through a descriptive historical analysis cum power approach. It specifically focuses on the imbalance and lopsidedness associated with the systems which have combined to affect the Nigerian federal system as a whole. The study also traces some of the discordant voices and tones as well as the unrest in the oil-rich Niger-Delta to the imbalances in the revenue allocation formula in Nigeria, which gives little to the goose that lays the golden eggs.
Data for this study came primarily from secondary sources and content analysis was a major tool for the actualization of this research work. The work is divided into five (5) chapters with Chapter One being the Introduction basically; Chapters Two, Three and Four being an explication of the Research Questions as found in the research work; and Chapter Five being a Summary, Conclusion and Recommendations section.
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