The Punch Newspapers

Tax reform: Northern group rejects derivation formula

The League of Northern Democrats has rejected the derivation formula proposed in the ongoing tax reform discussions, warning that it could deepen regional inequalities if not properly defined. The ...
The Nation Newspaper

Reps considering increasing derivation to 50 percent

The House of Representatives is considering a constitutional amendment bill aimed at increasing the derivation fund from the current “not less than 13 percent” to not less than 50 percent for the ...
The Nation Newspaper

Dickson to RMAFC: revisit era of 100 percent derivation

Bayelsa State Governor Seriake Dickson yesterday lamented injustice in revenue sharing formula and asked the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to revisit the era of 100 ...
Vanguard

Pay 13% revenue derivation to host communities, not states, Tinubu told

FORMER Minister of Health, Architect Gabriel Aduku has urged President Bola Tinubu to ensure that the 13% revenue derivation bearing oil and other mineral resources should be paid directly to the host ...
Vanguard

Ijaw youths demand upward review of 13% derivation, true federalism

ABUJA: The Ijaw Youth Council IYC Worldwide has demanded an upward review of the 13 percent derivation formula, saying in the light of global trends, it was wrong to give such a meagre percentage to ...
Daily Post Nigeria

Tax Reform: League of Northern Democrats rejects derivation formula

The League of Northern Democrats (LND), led by former Kano State Governor, Senator Ibrahim Shekarau, has rejected the proposed derivation formula in the ongoing tax reform discussions, warning that it ...