Section 21: Amendment of section 89

Section 89A of the Principal Act is amended by substituting for subsection (4), a new subsection “(4)” -
“(4) Notwithstanding any formula that may be prescribed by any other law, the revenue accruing by virtue of the operation of this section, shall, on the basis of derivation, be distributed as follows -
(a) 15% to the Federal Government and the Federal Capital Territory, Abuja;
(b) 50% to the State Governments; and
(c) 35% to the Local Governments.”