The Revenue Mobilization, Allocation and Fiscal Commission has begun consultations with key government agencies ahead of a proposed oil and gas investment summit in China as part of efforts to attract fresh capital into Nigeria’s energy sector and boost revenue accruing to the Federation Account. The summit, tentatively scheduled for …
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The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has pledged to deepen collaboration with 6Nigerian Extractive Industries Transparency Initiative (NEITI) to strengthen transparency, accountability and revenue mobilisation in extractive sector. The RMAFC Chairman, Dr Mohammed Shehu, said this when NEITI Executive Secretary, Mr Musa Adar, paid him a courtesy visit …
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The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says its ongoing nationwide data verification exercise is aimed at ensuring accurate data for sharing revenue among states and local government areas (LGAs). Prof. Adekunle Wright, an RMAFC commissioner who led the delegation to Kebbi, stated this at the inauguration of the …
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Chairman of the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, Muhammad Shehu, has said the salaries of politicians, judicial and public office holders would be increased by 114 per cent. Shehu, according to theAgency of Nigeria, NAN, spoke on Tuesday while presenting the reports of the reviewed remuneration package to …
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The Revenue Mobilisation Allocation and Fiscal Commission has said implementation of the Petroleum Industry Act 2021 will engender a sharp decline in the revenue accruable to the Federation Account. It stated that while the PIA sought to provide legal, governance, regulatory and fiscal framework for the management of the petroleum …
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Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed has restated the constitutional role of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), on the monitoring of accruals and disbursements of revenue from the Federation Account, pointing that the powers of the commission as constitutionally stated do not relate …
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