Africa Business Radio

Lagos State Government has demanded a new revenue sharing formula that is fair, equitable and reflects the contribution of stakeholders to the common purse.Governor Babajide Sanwo-Olu says the state also wanted a revenue formula that enhances the capacity to deliver high-quality services and dividends of democracy to Nigerians.He says Lagos is more than just another state in the Nigerian federation as there is no tribe in the country that has no significant stake in the state.The governor also appealed to all stakeholders to approach the review process with open minds.