RMAFC Begins Nationwide Data Verification to Review Revenue Sharing Formula
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has commenced a nationwide data verification exercise aimed at strengthening Nigeria’s revenue allocation framework and ensuring a fairer distribution of resources among states and local governments.
The Commission...
FG Begins Mapping Disputed Oil, Gas Wells to Resolve Ownership Claims
The Federal Government has commenced the plotting of coordinates for disputed and newly drilled oil and gas wells as part of efforts to resolve long-standing ownership claims and ensure accurate attribution of petroleum assets...
Federation Account Gets N7.3tn in Six Months – RMAFC
The Revenue Mobilization Allocation and Fiscal Commission has disclosed that a total sum of N7.3tn accrued into the Federation Account between July and December 2023, indicating an increased revenue inflow.
It said the amount shared by the...
Oronsanye Report: RMAFC Applauds Tinubu, Reiterates Call for Reduced Cost of Governance
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has applauded the administration of President Bola Ahmed Tinubu for adopting the Oronsanye Committee Report recently approved by the Federal Executive Council (FEC) as a...
Oronsanye Report: RMAFC Applauds Tinubu, Reiterates Call for Reduced Cost of Governance
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has applauded the administration of President Bola Ahmed Tinubu for adopting the Oronsanye Committee Report recently approved by the Federal Executive Council (FEC) as a...
Only 40m Out of 200m Nigerians Pay Tax – RMAFC
Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mohammed Bello Shehu, has revealed that only 40 million
out of over 200 million Nigerians currently pay taxes to the nation’s coffers.
Speaking with Economic Confidential, Shehu said that...
