Nigerian State Demands Review Of Revenue Formula

Lagos State Government has demanded a new revenue sharing formula that is fair, equitable and reflects the contribution of stakeholders to the common purse.<br />Governor Babajide Sanwo-Olu says the state also wanted a revenue formula that enhances the capacity to deliver high-quality services and dividends of democracy to Nigerians.<br />He says Lagos is more than just another state in the Nigerian federation as there is no tribe in the country that has no significant stake in the state.<br />The governor also appealed to all stakeholders to approach the review process with open minds.