RMAFC Canvasses Revenue Agencies Collaboration To Boost Federation Account

The Revenue Mobilisation Allocation and Fiscal Commission has called for collaboration and co-operation from revenue regulatory agencies in order to ensure increased revenue accruals to the federation account.

Chairman of the commission, Elias Mbam, made the call in Abuja during a stakeholders meeting with the heads of the revenue regulatory agencies of government.

In a statement issued in Abuja on Wednesday by the commission’s spokesperson, Nwachukwu Christian, the RMAFC boss stated that the meeting became necessary to familiarise regulatory agencies on the mandate and activities of the commission.

Mbam said the meeting was organised to seek for collaboration by agencies with the commission particularly on its ongoing exercise on reconciliation of revenue remittances into the Federation Account from January 1, 2016 to December 31, 2019.

He said it was the responsibility of the commission to monitor all the accruals of revenue to and from the federation account, while blocking leakages.

Mbam stated that in order to achieve the desired goal during this exercise, the commission had engaged the services of consultants.