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,...
Finance Bill: RMAFC, FIRS Disagree Over Power To Collect, Monitor FG’s Revenue
The Chairman, Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) Ellias Mbam yesterday disagreed with the Chairman of the Federal Inland Revenue Service (FIRS), Dr Muhammad Nami over powers granted the latter to collect...
New Revenue Sharing Formula’ll Meet Nigerians’ Aspirations – RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission has said it will unveil a new revenue allocation formula for the federal, state and local governments before the end of this year.
This is coming years after the revenue...
RMAFC Presents New Revenue Sharing Formula To Buhari December
The Revenue Mobilisation, Allocation and Fiscal Commission says it will be ready to present a new revenue sharing formula to President Muhammadu Buhari for onward transmission to the National Assembly by December.
It said the ongoing consultation...
