You have no items in your shopping cart.
Summary
The concept of fiscal federalism has over the years raise debate from both national and international scholarship. The concept, especially with countries that are federated (e.g Nigeria and Russia) and having the black gold (crude oil) as their main economic revenue, faces the challenge of how to effectively distribute oil revenue among the constitute parts. Thus, looking at fiscal federalism, the researcher to the best of his ability has tried to examine the topic “Oil Distribution and Stability in Federations: A Comparative Analysis of Nigeria and Russia”. The objectives of the study are; to evaluate the designed principles of oil revenue distribution in Nigeria and Russia, to examine if the designed principles of oil revenue distribution in Nigeria and Russia are instrument of stability in both federations and to proffer possible policy recommendations to issues in both Nigeria and Russia’s federation. The case area of the study is Nigeria and Russia.
The study amongst others discovered by reason of literature that oil revenue distribution in Nigeria and Russia has a unique set of patterns. In Nigeria for example, the distribution has a define percentage number for the federation, the constituent part and for the oil producing areas. But for Russia, patronage and alignment to the centre (Moscow) determines the level of distribution and revenue transfer.
