News Top Stories

NLC to RMAFC: Halt Politicians’ Pay Increase Or Risk National Uproar

Ukpono Ukpong 25 August 2025 0

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

Politics

NNPP chieftain rejects pay rise for president, others, says proposal insensitive

Adegboyega Stephen 21 August 2025 0

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 […]

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Why we’re reviewing revenue sharing formula – RMAFC

Tunde Opalana 19 August 2025 0

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 […]

News

Reps committee approves N105bn budget for RMAFC, promises strict oversight

Promise Eze 23 July 2025 0

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 […]

Top Stories

RMAFC calls for cut in governance costs, endorses Oronsaye report

DailyTimesNGR DailyTimesNGR 11 March 2024 0

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

News

HoR okays bill empowering RMAFC to monitor revenue disbursements, accruals

Ihesiulo Grace 1 June 2023 0

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 […]

Business

RMAFC: States, LGs demand higher revenue allocation

Ihesiulo Grace 18 January 2023 0

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

Business

RMAFC, EFCC uncovers oil firms’ $205m unremitted funds

Ihesiulo Grace 1 December 2022 0

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 […]

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RMAFC: SERAP wants NASS to voluntary return illegal running costs, allowances

Ihesiulo Grace 30 March 2018 0

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

News Top Stories

FAAC controversy: Civil servants face bleak Easter unless…

Ihesiulo Grace 28 March 2018 0

…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

Business News

CBN, RMAFC kick oppose creation of Assets Management Agency

Ihesiulo Grace 23 February 2018 0

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 […]

Business Economy

Nigerian mining sector generates N14.9bn in two years – RMAFC

Ihesiulo Grace 21 September 2017 0

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. […]