Abstract

This paper delves into the urgent need for restructuring Nigeria's political framework, emphasizing inclusivity
across its diverse geopolitical zones. Examining the historical backdrop and inherent imbalances stemming from
the colonial legacy, it scrutinizes the calls for fiscal federalism to rectify disparities. It assesses the challenges
within the Nigerian federal arrangement, emphasizing the interconnectedness of corruption, elite exploitation,
and the shortcomings of a rent-collecting state. While advocating for restructuring as a solution, the paper
underscores the indispensability of transformative leadership to ensure meaningful progress beyond the benefits
of the entrenched political class.
Keywords: Fiscal Federalism, Colonial Legacy, Elite Exploitation, Restructuring and Transformative Leadership