In a proposal to the RMAFC
by ARG national chairman, Honurable Olawale Oshun, the general restiveness across the land could have been avoided if revenue sharing formula and other fiscal policies had been genuinely and proactively managed to address the nation's plurality.
So they (RMAFC
) are going to carry out an audit of what we have because some of the non-oil mineral resources they have in mind may be here and we may not be aware.
The Commissioners for Finance of the 36 states, a representative of the Federal Capital Territory, Abuja, are members of FAAC, as are revenue-related entities including the RMAFC
, the Nigerian National Petroleum Corporation (NNPC), the Nigeria Customs Service (NCS), the Federal Inland Revenue Service (FIRS).
However, the RMAFC
in 2013 saw the need to still review this formula for balanced development of the country hence it went on a nationwide consultation to the 36 states and also met with notable figures.
's failure to undertake the review of the 2012 horizontal an vertical allocation sharing formulae after over five years of obviously changing realities as statutorily envisaged has stifled equitable revenue allocation that will enhance good governance.
REVENUE Mobilisation Allocation and Fiscal Commission (RMAFC
) is set to probe commercial banks over stamp duty collections.
THE Acting Chairman of Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC
), Shettima Abba-Gana has said the Federal Government may have lost about $60billion to the non-review of the Petroleum Sharing Contract (PSC) for the past 11years.
THE Bayelsa Government has advocated the need for the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC
) to allocate more funds to states.
He has also expressed 'profound sadness'' over the death of former Chairman of Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC
In 2008 and 2010, the Act was amended to give Revenue Mobilisation, Allocation and Fiscal Commission, (RMAFC
) the mandate to fix remunerations of the ex-leaders from time to time in line with economic realities, especially whenever the salary of the serving President is raised.
Revenue Mobilization Allocation and Fiscal Commission (RMAFC
) Thursday lamented the $21 billion lost by Nigeria in the last 20 years through outdated production sharing contracts (PSC).
Staff of Workers Revenue Mobilsation Allocation and Fiscal Commission (RMAFC
) Wednesday protested against what they described as neglect and farming out their jobs to other agencies.