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  • RMAFC submits 2025 budget proposal to House, seeks approval

    RMAFC submits 2025 budget proposal to House, seeks approval

    The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has submitted its 2025 budget proposal to the House of Representatives, seeking approval for the appropriation in line with a newly approved funding arrangement by the National Economic Council (NEC).

    The letter conveying the proposal was written by the Chairman of the Commission, Dr Mohammed Shehu, and was read on the floor of the House during plenary on Wednesday by the Deputy Speaker, Benjamin Kalu, who stood in for the Speaker, Rt Hon Tajudeen Abbas.

    In the letter, Shehu conveyed the Commission’s appreciation to the NEC for approving the direct funding model and outlined the key elements of the budget proposal.

    “I’m pleased to forward a copy of the Commission’s 2025 budget proposal, covering personnel, overhead, and capital expenditure in line with the new funding arrangement graciously approved by the National Economic Council at its 147th meeting, held on December 12, 2024 which was the ninth meeting of the Council in 2024,” the letter read.

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    “As you are aware, the National Economic Council approved the allocation of 0.5% of non-oil Federation Revenue as direct funding to the Revenue Mobilisation, Allocation and Fiscal Commission.

    “This strategic funding arrangement aims to enhance the Commission’s capacity to fulfil its constitutional responsibilities effectively.

    “The enclosed appropriation reflects the Commission’s planned programmes and activities for the 2025 fiscal year. It is structured to support the efficient implementation of its core mandates, particularly revenue monitoring, fiscal allocation, and the equitable distribution of Federation revenue across the three tiers of government.

    “Given the foregoing, we respectfully request the Honourable Speaker and Members of the House of Representatives to kindly facilitate the approval of the enclosed 2025 Appropriation. The Commission remains fully committed to transparency, accountability, and excellence in fiscal governance, and appreciates the National Assembly’s continued support and cooperation.

    “Kindly find attached the Commission’s 2024 Appropriations Act and 2025 budget proposals, in line with the new funding arrangements and programmes. Please accept the assurances of my highest esteem and regards.”

    The proposal was referred to the Committee on Finance for further legislative action.

  • RMAFC gets nod for N105.14b 2025 appropriation from Reps committee

    RMAFC gets nod for N105.14b 2025 appropriation from Reps committee

    The House of Representatives Committee on Finance has adopted the 2025 Appropriation Bill of N105.14 billion for the operations of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

    The committee adopted the bill during a budget hearing session with the management of RMAFC, led by its Chairman, Mr. Mohammed Shehu, yesterday in Abuja.

    Presenting the budget earlier, Shehu said out of the N105.14 billion, the sum of N20.6 billion is allocated for personnel, while N8.9 billion is earmarked for overhead.

    He stated that N75.5 billion, representing 71.8 per cent of the total budget, was set aside for capital estimates.

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    Shehu commended the committee for championing the recent amendment of the RMAFC Act, noting that it had positioned the commission to function more effectively.

    Chairman of the committee, Rep. James Faleke (APC–Lagos), said the committee had reviewed the budget and was satisfied with the estimates.

    He assured that the committee, through its oversight function, would ensure full implementation of the budget.

    Faleke noted that the National Assembly would be going on its annual recess within the week, adding that upon resumption, the committee expects between 30 to 40 per cent implementation.

    Following its adoption, the bill will be presented to the Committee of the Whole for third reading and onward transmission to the President for assent.

  • RMAFC gets nod for N105.14bn 2025 appropriation from Reps Finance Committee

    RMAFC gets nod for N105.14bn 2025 appropriation from Reps Finance Committee

    The House of Representatives Committee on Finance has adopted the 2025 Appropriation Bill of N105.14 billion for the operations of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

    The committee adopted the bill during a budget hearing session with the management of RMAFC, led by its Chairman, Mr. Mohammed Shehu, on Tuesday in Abuja.

    Presenting the budget, Shehu said that out of the N105.14 billion, the sum of N20.6 billion is allocated for personnel, while N8.9 billion is earmarked for overhead.

    He stated that N75.5 billion, representing 71.8 per cent of the total budget, was set aside for capital estimates.

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    Shehu commended the committee for championing the recent amendment of the RMAFC Act, noting that it had positioned the commission to function more effectively.

    Chairman of the committee, Rep. James Faleke (APC–Lagos), said the committee had reviewed the budget and was satisfied with the estimates.

    He assured that the committee, through its oversight function, would ensure full implementation of the budget.

    Faleke noted that the National Assembly would be going on its annual recess within the week, adding that upon resumption, the committee expects between 30 to 40 per cent implementation.

    Following its adoption, the bill will be presented to the Committee of the Whole for third reading and onward transmission to the President for assent.

  • We’ve FIRS to thank for Nigeria’s fiscal stability — RMAFC

    We’ve FIRS to thank for Nigeria’s fiscal stability — RMAFC

    The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has described the Federal Inland Revenue Service (FIRS) as the cash cow responsible for the fiscal sustainability of the three tiers of government.

    RMAFC member, Bimbo Kolade, who doubles as the commission’s Inland Revenue Monitoring Committee (IRMC) chairman, said this in Abuja on Tuesday during the inauguration of a joint FIRS-RMAFC Technical Committee at the FIRS headquarters.

    A statement by Sikiru Akinola, Technical Assistant on Media to the FIRS chairman quoted Kolade as stating that federal, state and local governments are able to make projections and execute projects because of the assurance of steady revenue which comes mainly from tax revenue collected by FIRS and shared monthly at the Federation Allocation Account Committee meeting.

    In 2024, FIRS tax revenue accounted for about 65 per cent of the total money shared by the three tiers of government, thus making tax as the pivotal source of revenue instead of crude oil sales by the Nigerian National Petroleum Corporation (NNPC).

    Commending the FIRS chairman, Kolade explained that “if not for the wonderful job Dr Zacch Adedeji has been doing since September 2023 at the Service, Nigerians may have been crying a little more with what we have passed through.

    “With your dedication, commitment and stellar performance, we can see that the country has been the better for it. I also want to congratulate Dr Adedeji on the success of the Tax Reform Bills.

    “We could see the initial misunderstanding that came with the Bills— even the little between RMAFC and FIRS on the issue of VAT allocation and the rest of them. But then, because of the kind of person the FIRS chairman is, he called our chairman, and it was resolved.”

    Speaking on the function of IRMC, Kolade explained that it was saddled with the responsibility of monitoring all accruals that come into the federation accounts.  

    “At RMAFC, we have various committees that oversee various parts of government organisations that we need to monitor. One of the federal agencies is FIRS. This IRMC was put in place to monitor tax revenue by ensuring that all taxes such as Value-Added Tax (VAT), Companies Income Tax (CIT) and the rest are properly collected and remitted into the federation accounts.

    The FIRS boss who inaugurated the joint committee, said the visit of the RMAFC team was not only a gesture of goodwill but also a testament to the long-standing and strategic relationship between the two institutions.

    He explained that the two agencies are linked by shared responsibilities in Nigeria’s fiscal architecture. 

    “While we at FIRS are charged with the collection of revenue, particularly non-oil taxes, RMAFC plays a vital role in ensuring that the revenues generated are monitored, properly accounted for, and equitably distributed in line with constitutional provisions.

    “Our collaboration over the years has been built on mutual respect, professionalism, and a common objective: to enhance the fiscal sustainability of the Nigerian state. RMAFC’s work in monitoring revenue and advising on fiscal allocation directly supports our efforts to build a more robust and transparent tax system.

    Adedeji said that the visit RMAFC’s visit was significant as it presented an opportunity for both institutions “to reflect on our shared progress, identify areas for improvement, and chart a forward-looking path toward even more impactful collaboration.”

    “As Nigeria seeks to diversify its revenue sources and reduce its dependence on oil, the roles of FIRS and RMAFC become even more critical. It is against this backdrop that we welcome this engagement—not just as a courtesy, but as a strategic dialogue aimed at strengthening our institutional partnership.”

    Revealing that the cooperation between the two agencies have yielded several positive outcomes, Adedeji said that “through information sharing, data verification exercises, and joint revenue monitoring initiatives, we have contributed meaningfully to improved revenue accountability at the federal level.

    “RMAFC’s insights have helped shape policy decisions, while our work at FIRS in improving tax administration has directly supported the Commission’s monitoring and allocation functions. The synergy has also led to better forecasting and fiscal planning at the national level.

    “However, we know there is still much to be done. Going forward, we must explore ways to institutionalise our collaboration through a more structured framework that addresses the issue of functional overlaps such as duplication of effort, conflicting priorities or objectives, communication breakdowns and role confusion.

    “This framework will be one that includes regular inter-agency strategy meetings, joint research and analytics, and technology-driven data integration.

    “It should also define clear roles, set common goals and monitor progress.  The benefits will be improved collaboration, increased efficiency and enhanced innovation,” Adedeji said.

  • RMAFC wants states’ joint local government accounts scrapped

    RMAFC wants states’ joint local government accounts scrapped

    The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has made a strong case for the amendment of the Nigerian Constitution to give full effect to the Supreme Court’s ruling on financial autonomy for local governments.

    The Commission is seeking a direct transfer of funds from the Federation Account to local government councils, bypassing the State Joint Local Government Account currently mandated by the Constitution.

    This position was made public in a communiqué issued at the end of a high-level three-day retreat of the Commission held in Uyo, Akwa Ibom State.

    The document was presented by Hon. Ismail Muhammed Agaka, Federal Commissioner representing Kwara State and Chairman of the Public Affairs and Communications Committee of the Commission.

    The Commission argued that Section 162(6) of the Constitution—which requires each state to maintain a State Joint Local Government Account into which all allocations to local councils from both the Federation Account and the state are paid—has become inconsistent with the spirit of the Supreme Court ruling delivered on July 11, 2024.

    That landmark decision established the financial autonomy of local government councils across the country, effectively rendering the current structure of joint accounts obsolete.

    According to the communiqué, this constitutional provision now poses a barrier to the direct disbursement of funds to local governments and needs to be restructured to align with the judicial directive. The Commission recommended that Section 162(6) be amended to facilitate the direct crediting of local government allocations from the Federation Account without state-level interference.

    In addition to this, the Commission also proposed that the remuneration of local government chairmen and councillors be enshrined in the 1999 Constitution (as amended), placing them among the listed beneficiaries of constitutionally backed remuneration packages. Currently, their pay structure lacks such constitutional recognition, which the Commission sees as a gap in the nation’s revenue framework.

    Another key proposal from the retreat is the amendment of Section 162(2) of the Constitution to establish a clear timeline for the President to submit RMAFC’s revenue allocation proposals to the National Assembly.

    The Commission noted that such a timeline would foster predictability and transparency in fiscal planning.

    Furthermore, the RMAFC called for a comprehensive review of the existing revenue allocation formula, which has remained unchanged for 16 years despite the dynamic fiscal needs of the three tiers of government. The Commission noted that the current formula no longer reflects present-day realities and should be reviewed to meet emerging economic demands.

    Beyond constitutional reforms, the communiqué contained several structural and institutional recommendations aimed at strengthening Nigeria’s fiscal governance. Among them is the establishment of a National Revenue Dashboard—an integrated digital platform for real-time tracking of revenue inflows to improve transparency and accountability in public finance.

    The Commission also proposed changes to the Petroleum Industry Act (PIA), advocating for an expansion of the NNPC Limited’s Board to include representatives of states, local governments, and the Central Bank of Nigeria. This, according to the Commission, would ensure broader stakeholder involvement in the governance of the country’s oil and gas sector.

    Additionally, the RMAFC suggested the creation of a distinct Office of the Accountant-General of the Federation, separate from the Office of the Accountant-General of the Federal Government. This separation, the Commission believes, will promote clearer oversight functions, enhance credibility, and strengthen the fiduciary roles of government accountants at the federal level.

    On its statutory responsibilities, the Commission reaffirmed its commitment to its constitutional duty of monitoring revenue accruals and ensuring the timely and accurate remittance of all revenue due to the Federation Account by the various revenue-generating agencies.

    It also stated that, based on the Constitution, the advice of RMAFC on the remuneration of political, public, and judicial office holders is binding on both federal and state governments—a legal provision the Commission pledged to enforce more robustly.

    Read Also: Shettima charges RMAFC on improved revenue generation to boost FG’s economic reforms

    Speaking at the conclusion of the retreat, Hon. Agaka noted that the deliberations marked a turning point in the Commission’s efforts to recalibrate its operational focus in line with Nigeria’s evolving fiscal landscape.

    “The retreat marked a significant milestone in repositioning the Commission to respond more effectively to Nigeria’s evolving fiscal realities,” he stated.

    Also addressing the participants, Chairman of the Commission, Dr. Muhammed Bello Shehu, said the retreat was organised to equip newly inaugurated members with a clearer understanding of their roles and strengthen the institution’s responsiveness to the nation’s economic challenges.

    According to Dr. Shehu, the retreat supports the broader objective of aligning the Commission’s activities with President Bola Ahmed Tinubu’s Renewed Hope Agenda by ensuring equitable distribution of national resources and enhancing fiscal transparency across all levels of government.

    The retreat, themed “Understanding the Role of RMAFC and Other Stakeholders/Agencies in Nation Building,” brought together commissioners and senior management staff of the Commission to deliberate on policy reforms, institutional efficiency, and strategies for long-term fiscal sustainability.

  • Shettima charges RMAFC on improved revenue generation to boost FG’s economic reforms

    Shettima charges RMAFC on improved revenue generation to boost FG’s economic reforms

    Vice President Kassim Shettima has urged the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to take an active role in the economic reforms of President Bola Tinubu’s administration.

    Shettima stated that the RMAFC can assist the federal government in achieving its goal of repositioning the economy by optimising revenue generation through improved tax systems.

    The Vice President made these remarks yesterday while opening the 2025 Retreat for members of the Commission at the Ibom Icon Hotel and Golf Resort in Uyo, Akwa Ibom State.

    The three-day retreat has the theme: “Understanding the Role of the Revenue Mobilization Allocation and Fiscal Commission and Other Stakeholders/Agencies in Nation Building.

    “Shettima, represented by Ibrahim Natagwandu, technical adviser to the VP on public debt management and revenue mobilisation, expressed that the RMAFC holds a critical position in the fiscal health and cohesion of the country.

    He said, “This retreat is more than an orientation; it is a call to national service at a time when our country is undergoing major reforms aimed at repositioning the economy and optimising our revenue generation through improved tax systems.

    “The RMAFC occupies a critical place in this journey, as its work directly impacts the fiscal health and cohesion of our Federation.

    “This retreat offers you the opportunity to deepen your understanding of the Commission’s mandate, internal structures, intergovernmental dynamics, and evolving fiscal realities.

    “It is also a platform to align with the policy direction of the Renewed Hope Agenda, particularly in areas of revenue optimisation, economic diversification, and prudent public expenditure”.

    Speaking earlier, the Chairman of RMAFC, Mohammed Shehu, said that the Commission was committed to implementing its constitutional mandate of ensuring fiscal federalism for national unity and development.

    Shehu disclosed: “The Commission has reached an advanced stage in the process of coming out with a new revenue allocation and remuneration package for political and public office holders.

    “Furthermore, it is relevant committee(s) have started the process of carrying out the next phase of the reconciliation and verification of revenue collections from Revenue Collecting Agencies in collaboration with the Federal Inland Revenue Service (FIRS), the Ministry of Solid Minerals Development, and the Nigeria Customs Service (NCS).

    “The Commission is also committed to continued support and to promoting diversification programmes of the three tiers of government. In this regard, I implore the government at all levels to support agricultural development, tourism, and invest in the development of Solid Minerals as a means of diversifying the sources of revenue to meet increased expenditure requirements of governance for development.

    Akwa Ibom state governor Umo Eno commended President Bola Tinubu for taking bold economic decisions which have translated to more revenue to subnational governments in the country.

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    He said, “I want to express my profound appreciation to President Bola Ahmed Tinubu for some of the bold steps he has taken to rejig Nigeria’s economy, even though we may experience certain levels of hardship associated with some of the policies that he has brought to bear.

    “Let me say this as governor, that some of these decisions have helped sub-nationals to receive more funding from the federation, and these have helped us as governors of sub-nationals to do projects that can improve the lives of our people.

    “If these steps were not taken, some states would not be able to pay salaries now; this means some states would have borrowed and amassed debts for generations yet unborn”.

    Eno, however, urged the RMAFC to address the issue of conflicting remittances regarding the 13% oil derivation to oil-producing states.

    “Before I close, let me appeal to the commission to look into the area of conflicting oil revenue remittances, one of the indices, as it affects our 13 per cent derivation fund to oil-producing states. We know you are doing some, but we think you can do more”, Eno said.

  • RMAFC backs financial autonomy for local governments

    RMAFC backs financial autonomy for local governments

    …pledges full support for grassroots development

    The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has thrown its full weight behind the financial autonomy of local governments in Nigeria, describing grassroots governance as a vital pillar for national development.

    Chairman of the Commission, Dr. Mohammed Bello Shehu, made the declaration while receiving a delegation from the Association of Local Governments of Nigeria (ALGON), led by its Director General, Barrister Evan Enekwe, at the Commission’s headquarters in Abuja on Wednesday.

    Dr. Shehu said the Commission has consistently supported the drive for fiscal independence of the third tier of government and welcomed the recent Supreme Court judgment affirming the financial autonomy of local councils as a historic milestone.

    “We have always been on record as a Commission that strongly advocates for Local Government financial autonomy,” Dr. Shehu said. “The recent Supreme Court judgment affirming this autonomy is a victory not just for ALGON but for the nation. Development truly begins at the grassroots, and without empowered local governments, our national aspirations will continue to lag.”

    To ensure the proper implementation of the new legal framework, Dr. Shehu disclosed that RMAFC is reconstituting a committee comprising Commissioners from each state to engage with stakeholders nationwide. According to him, “We will continue to advocate and talk to stakeholders to see this through.”

    He also assured the ALGON delegation of the Commission’s support for their programmes and initiatives, including the upcoming National Sustainable Grassroots Development Conference scheduled to hold in Abuja from April 29 to 30, 2025.

    “The Commission will support your conference and broader objectives. We are on the side of constitutionalism, equity, and grassroots development,” the Chairman stated.

    Read Also: RMAFC uncovers errors in states’ implementation of remuneration packages

    On her part, ALGON Director General, Barr. Evan Enekwe, stressed the urgency of increasing revenue allocation to local councils and making financial autonomy a practical reality.

    “Increased revenue allocation to local governments is not just necessary—it is urgent. Financial autonomy and improved funding will accelerate development at the grassroots. We thank RMAFC and other progressive institutions for championing this cause,” she said.

    Barr. Enekwe reiterated ALGON’s two-decades-long push for a more equitable revenue sharing formula, lamenting the persistent delays in implementing genuine reforms. “For over 20 years, the conversation has remained the same, and it is time for real change,” she added.

    She praised RMAFC’s commitment to local government empowerment and called for continued collaboration between the two institutions to achieve meaningful progress at the community level.

    Also speaking during the visit, the Federal Commissioner representing Kwara State, Hon. Ismail Mohammed Agaka, criticized the overbearing control of state governors on local government structures, describing it as a major obstacle to the effectiveness of grassroots administration.

    “Today, most local governments exist only in theory, their powers hijacked by governors. We look forward to functional and sustainable local councils as enshrined in the constitution,” he said.

    In a similar vein, Hon. Rakiya Tanko Ayuba Haruna, who represents Kebbi State on the Commission, recalled her 2022 national policy paper on Strengthening Local Governance in Nigeria at the National Institute for Policy and Strategic Studies (NIPSS), which aligns with ALGON’s objectives for local government transformation.

  • RMAFC uncovers errors in states’ implementation of remuneration packages

    RMAFC uncovers errors in states’ implementation of remuneration packages

    The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has identified errors in how state and local governments implement the remuneration reports for political, public, and judicial officeholders.

    These issues were first discovered during a pilot monitoring exercise conducted in 2019, according to the Executive Chairman of the Commission, Dr. Mohammed Bello Shehu.

    To address the lapses, the commission organised a workshop on Thursday, bringing together executives and lawmakers from state and local governments. The event focused on their roles in properly implementing RMAFC’s recommendations on remuneration packages.

    Dr. Shehu explained that many states adopted the Commission’s recommendations without passing the necessary legislative actions or enacting state laws. This, he pointed out, is against constitutional provisions that require state Houses of Assembly to determine remuneration for state and local government officials.

    He also noted that the Commission regularly receives complaints and clarification requests from states regarding the implementation of its recommendations, and in some cases, anti-corruption agencies like the ICPC and EFCC have investigated violations.

    The workshop aimed to educate state executives and lawmakers on the proper implementation of the remuneration package, provide clarifications on unclear areas, and emphasize the need for strict compliance with the 1999 Constitution (as amended).

    Dr. Shehu highlighted Section 124 (1) & (4) of the Constitution, which mandates state Houses of Assembly to prescribe remuneration for governors, deputy governors, auditors-general, and members of key state commissions based on RMAFC’s recommendations.

    He further stressed that local government legislative councils, as the legislative arm of the third tier of government, must receive proper remuneration as determined by the Commission.

    Read Also: RMAFC calls for innovative revenue strategies to sustain public services

    Unlike appointed councillors in the executive councils, whose remuneration is set by state legislatures, the pay for elected councillors falls under RMAFC’s constitutional powers. Respecting these remuneration packages at all levels of government, he said, would enhance governance and help reduce the cost of running the government.

    In his remarks, Mohammed Kabeer, Chairman of RMAFC’s Remuneration and Monetization Committee, reminded state and local government officials that the Commission has the constitutional authority to determine pay structures for political, public, and judicial officeholders in Nigeria.

    He emphasized that proper implementation of the remuneration package is essential for accountability, fairness, and good governance.

  • RMAFC calls for innovative revenue strategies to sustain public services

    RMAFC calls for innovative revenue strategies to sustain public services

    The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has called for the urgent adoption of innovative and sustainable revenue generation strategies to meet the growing demands on public services across all levels of government.

    The Chairman of RMAFC, Dr. Mohammed Bello Shehu, made this call on Wednesday at the opening ceremony of a two-day training programme titled “Optimizing Revenue Generation, Budgeting Process, and Good Governance.”

    In a statement issued by Maryam Umar Yusuf, Head of Information and Public Relations at RMAFC, Dr. Shehu reiterated the Commission’s constitutional role in advising the federal, state, and local governments on revenue efficiency and fiscal management.

    He insisted that strengthening revenue generation is no longer optional but a crucial necessity for achieving economic stability and sustainable development.

    The training programme, scheduled to run from Wednesday, February 26 to Thursday, February 27, 2025, is designed to equip government officials and stakeholders with the skills and knowledge required to improve revenue mobilization, budgeting, and fiscal management.

    Dr. Shehu noted the importance of strategic partnerships, optimal pricing policies, and efficient fiscal management as key elements in boosting revenue generation.

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    He stated that the programme would serve as a platform for participants to engage with experts, share experiences, and explore best practices in revenue optimization.

    He also urged stakeholders to look beyond traditional revenue sources and explore new strategies to ensure fiscal sustainability.

    After the training, participants are expected to gain a deeper understanding of revenue generation challenges and opportunities, develop practical skills in revenue mobilization, build strategic partnerships, and identify innovative solutions to address revenue shortfalls.

    Dr. Shehu urged all stakeholders to fully engage in the training, stressing that achieving fiscal sustainability requires proactive measures, collaboration, and a commitment to good governance.

  • Revenue leakages: RMAFC to sanction defaulting revenue agencies

    Revenue leakages: RMAFC to sanction defaulting revenue agencies

    Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) yesterday got the nod to sanction any revenue generating agencies that flout extant collection and remittance laws.

    The agency got the go-ahead from the Federal Government through the Secretary to the Government of the Federation (SGF), Senator George Akume.

    It was at the inaugural plenary session of appointed RMAFC commissioners after their inauguration in Abuja.

    The SGF also mandated the Commission to speed-up the review of the existing revenue allocation formula, which he noted has not been reviewed in over two decades.

    Akume said that the RMAFC was expected to enhance non-oil revenue mobilisation and prioritise revenue generation from solid minerals, taxation and other non-oil sectors to reduce dependence on crude oil and attain fiscal stability.

    He said: “I therefore wish to state categorically, that governments expect key deliverables from the commission in areas such as revenue monitoring and accountability.

    “You are to ensure that all revenue generating agencies comply with collection and remittance laws. Leakages must be blocked and defaulters must be sanctioned.

    “Also, the commission should fast-track the review of the revenue allocation formula. The existing formula has not been reviewed in over two decades.

    “A new equitable formula is critical for national economic stability and development.

    Read Also: Tax Reform Bills will drive Nigeria toward $1trillion economy – Senate

    “The commission should support governments’ fiscal policies and align its strategies with the administration’s economic transformation agenda to create a robust, self-sustaining revenue framework.”

    The SGF stressed the need for the commission to collaborate with relevant stakeholders, including the National Assembly, with a view to ensuring a harmonised approach to revenue administration.

    He said that the removal of fuel subsidies, exchange rate unification and on-going tax reforms were strategic move to ensure fiscal stability.

    He added that the policies would only succeed if the commission rose to the challenge and implement their mandatory policies.

    Akume said the occasion marked a significant milestone towards fostering fiscal sustainability, revenue collection and remittance efficiency which was in-line with the Renewed Hope Agenda (RHA) of the administration.

    Congratulating the commissioners, the SGF added that their role in shaping the economic and fiscal trajectory of the country was pivotal.

    RMAFC Chairman Dr. Mohammed Shehu restated the commission’s committed to fostering inter-governmental collaboration and ensuring that it remained aligned with the policies of the government.

    Shehu noted that the commission played vital role in ensuring the fair and transparent allocation of revenue among the three tiers of government.

    He said: “We are actively engaged in developing frameworks that enhance revenue generation, fiscal sustainability and equitable distribution in line with the national development priorities.”

    Shehu sought the SGF’s support to enable the commission to effectively discharge its constitutional responsibilities.

    Also speaking, the Commissioner Representing Kwara, Mr. Ismail Agaka, said that the commissioners would ensure the mandates and objectives of the RMAFC were achieved effectively.