18/08/2025
RMAFC Begins Review of Revenue Allocation Formula
Nigeria | 16 minutes ago The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has begun the review of the revenue allocation formula, to produce a fair, just and equitable revenue sharing formula for the nation. The Chairman of the commission, Dr Mohammed Bello, announced this at a news conference on Monday in Abuja. Bello said that the aim of the review was to produce a fair, just and equitable revenue sharing formula that reflects the current responsibilities, needs and capacities of the three tiers of government, in line with constitutional roles. He said that the aim was also to align with the country`s current socio-economic realities. According to him, the...
