How nigerias governments share the money #

In Nigeria, the government's revenue is shared among three tiers of government: the Federal Government, State Governments, and Local Governments. The sharing formula is outlined in the Nigerian Constitution and is as follows:

  1. Federal Government: 52.68% of total revenue The Federal Government receives the largest share of the revenue, which is used to fund its various activities, including defense, infrastructure development, and social services.
  2. State Governments: 26.72% of total revenue State Governments receive the second-largest share of the revenue, which is used to fund their own activities, including education, healthcare, and infrastructure development.
  3. Local Governments: 20.6% of total revenue Local Governments receive the smallest share of the revenue, which is used to fund their own activities, including primary healthcare, education, and infrastructure development.

It's worth noting that the revenue sharing formula is not fixed and can be adjusted by the National Assembly. Additionally, the formula is based on the principle of derivation, which means that a certain percentage of the revenue is allocated to the producing states based on the type of natural resources they produce.

Here's a breakdown of the revenue sharing formula in Nigeria:

For example, if the total revenue of the federation is N1 trillion (1,000,000,000,000), the breakdown would be:

It's worth noting that the revenue sharing formula has been a subject of controversy in Nigeria, with some arguing that it is unfair and does not reflect the true contributions of each tier of government to the national economy.