Restructuring: Derivation or Ownership 2: Questions & Answers. “Federalism” and “restructuring” and related terms are all political jargon. It means they are not so easy to understand by non-specialists and are widely appreciated by assumption, not fact. Nigeria is a federal republic that practices federalism on paper. But is a unitary state in reality because…
Restructuring: Derivation or Ownership “Restructuring”; its meaning is debatable, and for many, it is about oil, resource control. Surprisingly, many see resource control as the receipt of an increased top-up percentage of “derivation” by oil-producing states from oil revenues issued by the federal government (FG) as fiscal allocations. Where is the control in receiving a…
