Anambra, Kogi Join Oil Producing States … Await 13% Derivation Fund Anambra and Kogi States may have finally joined the league of Oil Producing States in Nigeria as their oil wells have been recognised by the Revenue Mobilisation Allocation And Fiscal Commission (RMAFC). The development is sequel...

Buhari To Receive Revised Revenue Sharing Formula By December — RMAFC Boss       The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has said a new revised federation account revenue sharing formula will be ready and presented to President Muhammadu Buahri by the end of 2021. The RMAFC...

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...