Tax assignment and revenue sharing in Nigeria: challenges and options
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Date
2006-03
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Research Department, Central Bank of Nigeria
Abstract
This paper builds on the history, as well as, the current legal framework of tax assignment and revenue-sharing in Nigeria to identify the challenges while also drawing from the theoretical framework for policy options which will provtde for a stable federal system in Nigeria. The paper recommended among others the strengthening of states internal revenue bases, adjustments on the vertical and hoizontal revenue-shaing formula, and effective compliance with the allocation of the mandatory 10% of states' intemally generated revenue. The paper concludes that changes to the existing tax assignment and revenue-sharing arrangements will go a long way in protecting our nascent democracy.
Description
Keywords
Federalism,, Constitution,, Inter-Governmental fiscal relations,, Tax assignments,, Revenue-Sharing,, FiscaI imbalances
Citation
Rapu, S. C. (2006). Tax assignment and revenue sharing in Nigeria: challenges and options. Economic and Financial Review, 44 (1), 1-44.