Reform Options within Nigeria: Fiscal Federalism

In line with the current realities in the oil market, an import dependent economy and heavy consumption pattern, the need arises to reform Nigeria’s fiscal federalism. The current issues border on reducing the pressures on the foreign exchange market, diversifying Nigerian economy through a robust Small and Medium Scale Enterprise framework, giving incentive to local products, so that the basic needs of the people can be delivered with a relative ease, and the guarantee of sustained development.