REVENUE ALLOCATION AND POLITICAL STABILITY IN NIGERIA
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INTRODUCTION
1.1 A BRIEF HISTORY OF THE NIGERIAN EXPERIENCE AS A NATION STATE
To highlight some significant events and developments in response to a review of Nigeria’s experience as a nation state, it is intellectual to present a brief survey of the part to understand the distinct phases that the nation passed through to arrive at its current political state and economic condition in terms of revenue allocation.
Some of these historical periods experienced such political stability that, in terms of revenue allocation and political stability, not only were great efforts made to promote social and economic development,
but the overall smoothness in the functioning of the governmental system at both the regional and federal levels overshadowed the negative consequences of power struggles, and by the late 1950’s, a myth of Nigeria as a “stable democracy” had emerged.
The gradual adoption of contemporary governance systems in what could be defined as a semi-federal and quasi-democratic framework of 1946 Nigeria, like a newborn infant of the British colonial government, went through numerous developmental periods of political maturation.
By 1957, Nigeria’s political structure had evolved into a well-structured democratic federal political process based on a modern political process; in 1979, the federal republic of Nigeria’s constitution provided for a democratic federal structure in the political process.
According to this study, the introduction of a revenue allocation system in the Nigerian political economy dates back to the 1946 political development. It is worth noting that over the decades,
the revenue allocation mechanism in the political process has been accompanied by constitutional modifications. These findings imply that a nation state’s constitution offers the necessary political environment.
While the constitution emphasises national unity with its accompanying ideas of divergence, population, and state equality in resource sharing, some observers believe that such constructional provisions were not borne out of a genuine desire for national unity and integration.
The income allocation issue in Nigeria’s political economy is as turbulent as any other national issue facing such a populace. This means that the distribution of national revenue among the many component political subdivisions of the federal structure is inextricably linked to the national question.
As a result, there has been no universally accepted national revenue allocation formula since 1947 that has not raised controversy but had to be made palatable “in the interest of national unity.”
Since 1947, about thirteen (13) formulas for the distribution of national revenue have been developed. Nobody has come up with a satisfactory solution, and each one has sparked more debate than the last.
Politicians’ activities in the revenue allocation agitation and ensuring power struggle aroused the suspicion of the source but visibly political military to hostility in a military fashion and cash in one invitation to seize power in the country public opinion on national
consciousness believed that the politicisation of the revenue system sharing has debased the national interest. Its result is the disintegration of the united national spirit activity and consciousness.
Thus, Nigeria’s economic development through nationalism was sabotaged by ethnic and state power politics.
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