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 build 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 provide for a stable federal system in Nigeria. The paper recommended among others the strengthening of states internal revenue bases, adjustments on the vertical and horizontal revenue-sharing formula, effective compliance with the allocation of the mandatory 10% of states’ internally 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,, Tax Assignments,, Inter-Governmental Fiscal Relations,, Constitution,, Fiscal Imbalances, Revenue-Sharing,
Citation
Rapu, S.C. (2006). Tax Assignment and Revenue Sharing in Nigeria: challenges and options. Economic and Financial Review, 44(1), 1-44