Lagos demands one per cent of Nigeria’s revenue on special status

Lagos State Governor, Mr Babajide Sanwo-Olu on Monday demanded one per cent share in the revenue allocation formula after stating that the special status of the state and its prosperity directly or indirectly has multiplying effects on the South-West region and the entire country. He also proposed that the revenue sharing formula should be 34 per cent for Federal Government including one per cent for FCT – Abuja, 42 per cent for State Governments, 23 per cent for Local Governments and one per cent for Lagos State (special status) as against the current revenue allocation formula, which were 52.68 per

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