Monday, August 8, 2022

Revenue Mobilisation Allocation and Fiscal Commission (RMAFC)

May 26, 2022

Ebonyi APC Primary: Ex-RMAFC boss Mbam defeats Gov. Umahi’s choice for guber ticket

Mr Nwifuru had earlier been anointed choice successor by Ebonyi Governor Dave Umahi.

Elias Mbam, Dave Umahi and Francis Nwifuru
November 14, 2021

New sharing formula to address current realities: RMAFC boss

The consensus of the states and the federal government at the various zonal public hearings was a reversal of the current sharing formula.

Elias Mbam
October 22, 2021

Revenue Sharing Formula: North-Central wants 35 per cent for states

The majority of the states in the North-Central have proposed a 39:35:26 per cent revenue sharing formula for the three tiers of government in the country.

October 15, 2021

New Revenue Formula: No enough funds to run Kebbi, says Gov. Bagudu

According to Mr Bagudu, Kebbi received N65 billion this year and N70 billion in 2020, less than $200 million to cater to the needs of five million people in the state.

Governor Abubakar Bagudu
October 7, 2021

Wike proposes new revenue sharing formula among federal, state, local governments

Mr Wike urged the revenue allocation commission to reduce the federal government allocation to 40 per cent.

Governor Wike and president Buhari
October 5, 2021

Revenue Sharing Formula: Sanwo-Olu proposes states get 42%, LG 23%, FG 34%

Governor Babajide Sanwo-Olu has advocated an upward review to 42 per cent of the revenue accruing to states from the Federation Account.

Buhari and Sanwo-Olu
September 21, 2021

Senator wants Enugu listed among oil producing states in Nigeria

Mr Utazi said lawmakers from Enugu, Kogi and Anambra, had during the 8th Sente lobbied for the recognition of their states.

Senator Chukwuka Utazi
September 1, 2021

Give us more money, Gombe governor begs federal revenue commission

Governor Inuwa Yahaya says he has made a case for an upward review of statutory allocations to state and local governments to meet the ever-expanding challenges.

Gombe State governor, Muhammad Inuwa Yahaya
August 25, 2021

New formula for sharing Nigeria’s money among FG, states, LGs underway: RMAFC

RMAFC says the revenue allocation formula review will be ready for presentation to President Muhammadu Buhari by the end of 2021.

August 20, 2021

FG to review revenue sharing formula: RMAFC official

The current revenue allocation formula stands at 52.68 per cent for the federal government, 26.72 per cent for states and 20.6 per cent for LGAs.

Elias Mbam