The Nigeria Labour Congress (NLC) has condemned plans by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to review upwards the remuneration of political office holders across the country. The labour movement described the move as insensitive, unjust, and inequitable, warning that it would worsen poverty levels among Nigerians while deepening the gap between civil […]
Ajadi Oguntoyinbo, a chieftain of the New Nigeria Peoples Party (NNPP), says he is rejecting the reported plan by the federal government to raise the salaries of political office holders. According to him, such a move was insensitive to the current plights of Nigerians due to the present economic challenges. Oguntoyinbo said many Nigerians were […]
The chairman of the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, Dr. Mohammed Bello Shehu said there is a need to reconstruct Nigeria’s federalism, hence the need to review the current revenue sharing formula among the federation units. He said this at a press conference in Abuja on Monday to formally unveil the exercise to […]
The house of representatives committee on finance has approved a budget of N105.14 billion for the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) for 2025. The committee also promised to closely monitor how the money is used. This decision comes about six months after the National Economic Council (NEC) agreed to let the commission ask […]
By Tom Okpe The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has decried the high cost of governance in Nigeria, saying that the trend stifles growth. Chairman of the RMAFC, Mohammed Bello Shehu blamed various factors for the heavy governance burden, including the costly presidential system and rampant corruption, draining public resources and impeding economic […]
By Tom Okpe The House of Representatives has given concurrence to a bill for an act to repeal Revenue Mobilization, Allocation and Fiscal Commission, (RMAFC) Act, 2004, enacting the Commission’s new law for use. This followed the consideration and adoption of report on the amendment bill, transmitted by the Senate to the House by the […]
By Godwin Anyebe State governments and local governments have requested the Revenue Mobilisation Allocation and Fiscal Commission RMAFC to increase their shares of the federal allocation. Representatives of the two tiers of government recently made the request during a programme organised by RMAFC in Abuja. The programme was meant to enlighten state and local government […]
By Godwin Anyebe The Revenue Mobilisation Allocation and Fiscal Commission(RMAFC) has said that it discovered $205.01m unremitted to the federation account by oil and gas companies through joint efforts with the Economic and Financial Crimes Commission (EFCC). It noted that it had been partnering with the EFCC in the area of monitoring and tracking all […]
Socio-Economic Rights and Accountability Project (SERAP) has urged Senate President, Dr Bukola Saraki and Speaker of the House of Representatives, Hon Yakubu Dogara to “persuade their members to voluntarily return running costs and other allowances so far collected, and now declared as illegal by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), and to use […]
…We won’t distribute funds until NNPC remits accrued revenue-AGF …Finance minister summons another FAAC meeting today …FG, states, LGAs to share N647.3bn for February Unless something urgent is done to resolve the inconclusive Federal Account Allocation Committee (FAAC), most civil servants in the country may have to spend the Easter celebration without salaries as the […]
The Central Bank of Nigeria (CBN) and the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), have opposed the plan to establish a new agency to manage assets seized from corruption and other criminal -related cases. The agencies made their position known on Wednesday in Abuja, at a public hearing organised by the House Committee on […]
Shettima Abba-Gana, Acting Chairman, Revenue Mobilisation Allocation and Fiscal Commission ( RMAFC ) says the mining sector was generating less than capacity due to activities of illegal mining. In an interview with the News Agency of Nigeria ( NAN ) Thursday in Abuja, Abba-Gana said the sector generated only N14.9 billion between 2015 and 2016. […]