Revenue Allocation

Journal of Economics and Sustainable Development ISSN 2222-1700 (Paper) ISSN 2222-2855 (Online) Vol.2, No.3 www.iiste.org Revenue assig land Formula and Its Impact On Economic Growth accomplish In Nigeria Usman Owolabi Akeem Faculty of Management Science, PMB4000,Ladoke Akintola University, Ogbomoso, Nigeria Tel: +234 836675099 E-mail-labisky@yahoo.com Abstract This study attempts to go the impact of allocation formula on the Nigeria growth process. The psychoanalysis reveals the extent to which revenue allocation formula adopted in the past has affected the path of economic growth and nurture in Nigeria. The data is purely secondary data and was sourced from the public bank publication, CBN, Journal and other published and unpublished materials. thither is need, therefore to address the problem by formulating a sack efficient revenue allocation wastage and mismanagement of founds.

Also bowel movement should be geared towards articulation of policies that will enhance corking formulation, employment of the abundant and measures may include attachment of to a greater extent weight to the share of local government from the federal put in revenue, placing more emphasis on the internal revenue generation, redefinition of the innovation of definition and sustaining the present effort of government as regards cypher monitoring and implementation. Keywords: Revenue, Allocation, Economic Growth, Nigeria 1. Introduction Nigeria as a nation operates a federal structure of government federalism refers the existence in one country of more than one level of government, each with different expenditure responsibilities and taxing powers. This shows that fiscal federalism, a consequence of federalism, is all about the relationship among the different units of functions and tax powers to the division units. The existence of imbalance between functions and resource base makes it utile for the higher level of government to transfer revenue to the lower berth level. This is referred to as... If you want to get a full essay, order it on our website: Ordercustompaper.com

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