REVENUE ALLOCATION AND POLITICAL STABILITY IN NIGERIA

This research examined revenue allocation and political stability in Nigeria. The research seeks to examine the impact and challenges of allocation on different tiers of government in Nigeria, to investigate how revenue allocation has defined political stability in Nigeria and to examine the extent to which the statutory allocation formula adopted in the past has affected the path of economic growth and development in Nigeria. The research adopted the human capital theory as theoretical framework. The study largely adopted the library research method as secondary data were utilized and content analyzed. The study concludes that revenue allocation in Nigeria both in the pre-independence era and the post-independence era has been fraught with cotroversies. It was revealed that all the revenue allocation formulae have been geared towards the favor of the federal government, given that they have the highest share of the federation account. The study therefore recommends that that the state and local government be given a higher share of the revenue, given that they are seen to be closer to the citizens. It was also recommended that transparency, accountability, and efficiency on the part of all the levels of government should be enshrined to ensure that revenue allocated to specific projects are utilized appropriately, that way preventing the abandonment of projects when a new government emerges