Overview of the Methods, Theories and Perspectives of Fiscal Federalism in Nigeria

12 Pages Posted: 5 Aug 2013

See all articles by Chinweobo Umeora

Chinweobo Umeora

Anambra State University - Department of Banking and Finance

Date Written: August 4, 2013

Abstract

Fiscal federalism is a system where there are different tiers of government in a nation. The tiers may be Central, Regional or States and local or provincial governments. Sharing of public finances and resources constitutes the heart of fiscal federalism. It concerns itself with division of public sector functions and finances among the different federating units. The methodology of discussion has been employed to look at the issues at stake. The paper comes to the conclusion that fiscal federalism has been largely undermined especially by the decades of military administrations which have intentionally or otherwise developed from decentralization to centralization. As part of solving the problems of fiscal federalism, several Revenue Allocations formulae have been undertaken.

Keywords: fiscal federalism, decentralization, NEEDS, fiscal equivalence, centralism

Suggested Citation

Umeora, Chinweobo, Overview of the Methods, Theories and Perspectives of Fiscal Federalism in Nigeria (August 4, 2013). Available at SSRN: https://ssrn.com/abstract=2305828 or http://dx.doi.org/10.2139/ssrn.2305828

Chinweobo Umeora (Contact Author)

Anambra State University - Department of Banking and Finance ( email )

Igbariam Campus
Nigeria

Register to save articles to
your library

Register

Paper statistics

Downloads
55
Abstract Views
277
rank
367,088
PlumX Metrics