FG Blocks RMAFC’s Proposal On Salaries Review, Revenue Formula
The Revenue Mobilisation, Allocation and Fiscal Commission plans to review the current revenue allocation formula with N830m, while a review of the remuneration packages for political, public and judicial holders will cost N470m.
The Federal Government, however,...
Design New Revenue Sharing Formula, Lawmakers Tell RMAFC
The House of Representatives has asked the Revenue Mobilisation, Allocation and Fiscal Commission to come up with a new revenue sharing formula that will put more resources at the disposal of state and local governments.
The House Committee...
RMAFC Recovers N474m Unremitted Excise Duty From Guinness
The Revenue Mobilisation Allocation and Fiscal Commission on Monday said it had recovered over N474m excise duty from Guinness Nigeria Plc.
The Chairman of the commission, Elias Mbam, said the recovered money had been remitted into the Federation...
RMAFC Raises Concern over States’ IGR
… Rivers, Kaduna, Enugu, Kwara, Zamfara with impressive IGR in 2019
Against the over-dependence in the monthly Federation Account Allocation, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has called for concerted efforts by state governments in boosting their internally...
Flared Gas Can Employ Two Million People – RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission on Wednesday lamented missed opportunities occasioned by continued flaring of gas in Nigeria.
RMAFC also projected an annual revenue generation of $1bn from gas if the gas sector was properly...
