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...

RMAFC Defends Salaries of Political Office Holders   The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says political officeholders do not earn outrageous salaries. Muhammed Shehu, chairman of the commission, made this known to NAN in Abuja on Sunday. Shehu had earlier said the salaries of politicians, judicial...

Why we Recommended 114% Increase in President, Others' Salaries - RMAFC The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has justified its recommendation of an upward review of political office holders' salaries in the country. The commission had recommended a 114 per cent increase in the...

Nigeria Either Diversifies or Sink - RMAFC Boss The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mr Mohammed Bello Shehu, has said Nigeria's over-reliance on oil earnings is not sustainable. Speaking at the maiden edition of Economic Confidential Public Lecture cum Book Presentation...

RMAFC, EFCC Uncovers Oil Firms’ $205m Unremitted Funds   The Revenue Mobilisation Allocation and Fiscal Commission(RMAFC) has said that it discovered $205.01m unremitted to the federation account by oil and gas companies through joint efforts with the Economic and Financial Crimes Commission(EFCC). It noted that it had...

RMAFC Says Petroleum Act Won’t Stop IOCs’ Nigeria Divestments   The Petroleum Industry Act 2021 may not stop the trend of divestments by international oil companies operating in the Nigerian oil and gas sector, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has said. In August 2021,...