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 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...
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...
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.
FIRS, RMAFC Form Committee to Enhance Tax Compliance
The Federal Inland Revenue Service (FIRS) and the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) have inaugurated a joint technical committee to strengthen tax revenue monitoring and boost fiscal sustainability across Nigeria’s three tiers of government.
The inauguration...
