RMAFC concludes review of revenue formula for office holders
The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has completed a comprehensive review of Nigeria’s Revenue Allocation Formula and concluded work on the review of remuneration for political, public and judicial office holders. Chairman of the Commission, Dr. Mohammed Bello Shehu, disclosed this on Friday during an interactive session with members of the Nigerian Guild […]
The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has finalized its review of Nigeria’s Revenue Allocation Formula and the remuneration for political, public, and judicial office holders. Chairman Dr. Mohammed Bello Shehu announced this during an interactive session with the Nigerian Guild of Editors (NGE) in Lagos, describing both reviews as significant components of the Commission’s fiscal reform efforts since 2023.
The review of the Revenue Allocation Formula involved extensive consultations with all three tiers of government, technical stakeholders, and other participants across the country, resulting in a harmonized report and legislative proposals for transmission to the relevant authorities. These proposals aim to promote a more equitable and sustainable distribution of national revenue, aligning with current economic and governance realities in Nigeria.
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