RMAFC Begins Revenue Allocation Formula Review       The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) said it has commenced the process of reviewing the current revenue allocation formula. The Commission’s call for memoranda on the review signed by the Chairman of the Revenue Allocation Formula Committee, Mr...

RMAFC Plans Review Of Revenue Sharing Formula       The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Elias Mbam, has said that the commission has completed plans to begin the review of the nation’s revenue sharing formula. He added that the review of remuneration for political...

RMAFC says More than N1.5trn hit Federation Account in Q1 2021. The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disclosed that the revenue generating agencies in the country made a total remittance of more than 1.5 trillion (N1, 538,021,801,518.37) naira into the Federation account...

DPR, RMAFC Seek Collaboration On FG’s Gas Revenue Drive       The Department of Petroleum Resources (DPR) and the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) have met to seek ways to boost revenues from the country’s gas resources, following the federal government’s renewed interest in the...

Gov Yahaya Bello for President of Nigeria? By Yushau A. Shuaib “Eh… My Oga!”, he exclaimed, with surprise written on his face. I quickly glanced backward to see who the call was meant for. Surprisingly, other guests, mostly editors and online publishers, were smiling and laughing. “Alhaji Yushau Shuaib…...

NNPC Adopts Third Party Financing For Oil, Gas Projects       The Nigerian National Petroleum Corporation on Tuesday said it was currently focusing on third party financing of oil and gas development projects. Group Managing Director, NNPC, Mele Kyari, said this while playing host to the Chairman, Revenue...