A leader of the All Progressive Congress of Nigeria, Bola Tinubu, has said that the current revenue allocation formula of the Federal Government is too cumbersome.
He said the formula does not reflect the true essence of fiscal federalism that it should be.
The revenue formula has to be consistent with the physical federalism of Nigeria. These were his words when he spoke at the inuaguration of the Ondo State Internal Revenue Service Office in Akure on Saturday.
Tinubu, who also spoke on the South-West security Network is in Ondo as part of efforts to shore up support for the governorship candidate of the party in the state, Arakunrin Rotimi Akeredolu.