ALLOCATION OF REVENUE (FEDERATION ACCOUNT, ETC.) ACT

DOWNLOAD OF A COPY OF THIS LAW IS AVAILABLE [N2,000 (PDF)] CLICK HERE FOR ONLINE PAYMENT. PDF COMPENDIUMS OF ALL THE LAWS OF NIGERIA, LAGOS AND OTHER STATES ARE ALSO AVAILABLE. EMAIL: lawnigeria@gmail.com or info@lawnigeria or Text/WhatsApp +23407067102097

ALLOCATION OF REVENUE (FEDERATION ACCOUNT, ETC.) ACT

CHAPTER A15 LAWS OF THE FEDERATION OF NIGERIA, L.F.N, 2004

–

ARRANGEMENT OF SECTIONS

1.     Distribution of the Federation Accounts, etc.

2.     Formula for distribution between the Federal and State Governments.

3.     Formula for distribution between Local Government Councils.

4.     Proportion of revenue to be paid by each State to Joint Local Government Account.

5.     Allocations under special Funds.

6.     Establishment of Federation Account Allocation Committee and functions.

7.     Establishment of Joint Local Government Account Allocation Committee for each State and functions.

8.     Limit on power of State Governments for borrowing money.

9.     Report by Accountants-General in the Federation.

10.    Interpretation.

11.    Short title.

–

ALLOCATION OF REVENUE (FEDERATION ACCOUNT, ETC.) ACT

An Act to prescribe the basis for distribution of revenue accruing to the Federation Account between the Federal and State Governments and the Local Government Councils in the States; the formula for distribution amongst the States inter se; the proportion of the total revenue of each State to be contributed to the State Joint Local Government Account; and for other purposes connected therewith.

[1982 No.1.]  

–

[Commencement]              [22nd January, 1982]

–

ALPHABETICAL INDEX TO THE LAWS OF NIGERIA (UPDATED TO 2018)