It is perhaps for this reason that President Bola Ahmed Tinubu's decision to grant a six-month tenure extension to the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, has been widely applauded as a well-deserved reward for excellence and a strategic move to sustain ongoing reforms.

Tax Reforms Must Protect Taxpayers, Ensure Fair Allocation – RMAFC   The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has stressed that Nigeria’s ongoing tax and revenue reforms must safeguard taxpayers while ensuring fair distribution of revenue across all tiers of government. Chairman Dr Mohammed Shehu made...

FG vows to Stop States’ Interference in LGs’ Finances The Federal Government has reiterated its resolve to end the long-standing interference by state governments in funds allocated to the 774 local government areas from the Federation Account. The pledge was made on Thursday in Abuja by...

The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Monday announced the commencement of the process for review of the Revenue Allocation Formula (RAF) between the federal, states, and local governments.

RMAFC Announces Salary Review for Public Officials   The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has reaffirmed its commitment to reviewing and recommending appropriate remuneration for public, political, and judicial office holders in line with its constitutional mandate. The Chairman of RMAFC, Dr Mohammed Shehu, stated...

N4.1tn Unremitted by Agencies – FAAC The monies unremitted by Revenue Generating Agencies to the coffers of the Federal Government increased to N4.1tn as of June 2024, the Federation Accounts Allocations Committee has said. FAAC stated that this was despite the agencies’ reconciliation and payment of...