Economic Confidential Stands by Report on RMAFC's Opposition to Tinubu's Tax Reform Bills, Publishes Full Memorandum The Economic Confidential has reaffirmed the accuracy of its report detailing the Revenue Mobilisation Allocation and Fiscal Commission’s (RMAFC) opposition to aspects of President Bola Tinubu's Tax Reform Bills....

RMAFC Questions Constitutionality, Equity in Tinubu's Tax Reforms The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has strongly opposed President Bola Ahmed Tinubu's contentious tax reform bill currently under consideration by the National Assembly. In a comprehensive nine-page memorandum obtained by Economic Confidential, RMAFC outlined a...

Where is RMAFC on VAT Reform? By Abdulrauf Aliyu The ongoing debate over the Value Added Tax (VAT) derivation principle reflects the delicate balancing act required to maintain Nigeria’s federalism. At the heart of this debate lies a critical institutional silence: the absence of the Revenue...

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...

Full LG Autonomy will Enhance Grassroot Governance, Alleviate Poverty, Says RMAFC The Revenue Mobilisation Allocation and Fiscal Commission has advocated for full autonomy for Local Government Councils in Nigeria, emphasising that this move will alleviate poverty and curb the escalating trend of rural-urban migration in...

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...