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
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
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. […]