Section 81 — Distribution of revenue

(1) Notwithstanding any formula that may be prescribed by any other law, the net revenue accruing by virtue of the operation of Chapter Six of the Nigeria Tax Act, shall be distributed as follows—

(a) 10% to the Federal Government;

(b) 55% to the State Governments and the Federal Capital Territory; and

(c) 35% to the Local Governments.

(2) The amount of the VAT revenue standing to the credit of states and local governments shall be distributed among them on the following basis—

(a) Equally — 50%

(b) Population — 20% and

(c) Consumption — 30%

(3) For the purpose of this section, consumption is determined by the place of consumption, irrespective of where the return is filed.