Allocation of Revenue (Abolition of Dichotomy in the application of the principle of derivation), 2004

Allocation of Revenue (Abolition of Dichotomy in the application of the principle of derivation)

 [Commencement.]               [16th February, 2004]

1. Abrogation of the Onshore and Offshore Dichotomy

(1) As from a commencement of this Act, the two hundred meter water depth Isobaths contiguous to a State of the Federation shall be deemed to be a part of that State for the purposes of computing the revenue accruing to the Federation Account from the State pursuant to the provisions of the Constitution of the Federal Republic of Nigeria, 1999 or any other enactment.

[L.F.N. 2004 Cap. C23.]

(2) Accordingly, for the purposes of the application of the Principle of Derivation, it shall be immaterial whether the revenue accruing to the Federation Account from a State is derived from natural resources located onshore or offshore.

2. Short title

This Act maybe cited as the Allocation of Revenue (Abolition of Dichotomy in the Application of the Principle of Derivation) Act, 2004.


See also:

Agriculture (control of importation) Act, 1964

Agricultural Research Council of Nigeria Act, 1999


Credit: Policy and Legal Advocacy Centre (PLAC)

See also  Advertising Practitioner's (Registration, etc.) Act, 1988 (NG)

Published by

LawGlobal Hub

LawGlobal Hub is your innovative global resource of law and more. Among other things, we ensure easy accessibility to the laws of countries around the world.

Leave a Reply

Your email address will not be published.