The Ijaw Youth Council, IYC, Worldwide has said that it was wrong to give a meager 13 percent to oil-producing states in the ...

Worldwide on Thursday, demanded for an upward review of the 13 percent derivation formula to oil-producing states. The IYC ...

And of the different revenue allocation principles that we have employed, pre- and post-independence, the derivation ...

But Oyedele explained that the current VAT allocation formula, based on 20 per cent derivation, 50 per cent equality of states, and 30 per cent population, was flawed.