Hosted on MSN8h
13 per cent derivation formula for oil-producing states too meager – IYC
The Ijaw Youth Council, IYC, Worldwide has said that it was wrong to give a meager 13 percent to oil-producing states in the ...
Nigerian Tribune6h
IYC demands upward review of 13% derivation formula
Worldwide on Thursday, demanded for an upward review of the 13 percent derivation formula to oil-producing states. The IYC ...
TheCable1d
The challenges of derivation and complexities of implementation
The VAT debate transcends regional interests and ethnic sentiments. Nigeria’s federal structure must evolve to address systemic challenges while fostering national unity. The principle of derivation, ...
This Day4d
The Politics of Revenue Allocation and Derivation
This is especially so because the major change proposed to the horizontal formula for sharing VAT is to increase derivation ...
This Day7d
Oyedele: Derivation Formula’ll Reduce Inequitable Resource Distribution
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.