Senate Begins Process to Amend Constitution for Increased Federal Share of Revenue Allocation
[NigerianEye - Nigeria] - 4/02/2026
The Nigerian Senate has commenced the legislative process to amend the 1999 Constitution (as amended) in a bid to increase the Federal Government's portion of revenue from the Federation Account.A bill titled “Constitution of the Federal Republic of Nigeria, 1999 (Alteration) Bill, 2026,” sponsored by Senator Sunday Karimi (APC, Kogi West), passed its first reading during plenary on Tuesday, February 3, 2026.The proposal seeks to review the existing revenue-sharing formula, under which the Federal Government currently receives 52.68%, the 36 states share 26.72%, and the 774 local (…)
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