Some stakeholders have cautioned states and local councils against complacency in the new revenue sharing formula proposed by the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC).
A Federal High Court, Abuja has declared as unconstitutional the Federal Government’s deduction of funds directly from the Federation Account to fund the Nigeria Police Force (NPF) in line with Section 4(1)(a) and (b) of the Nigeria Police Trust Fund (Establishment) Act 2019.
The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, has charged the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to focus on monitoring revenue collection and not be involved in the process of collection.
The Lagos State Government can do a lot more than it is presently doing to harness the state’s resources with a view to improving the conditions of living of people in the state. Nevertheless, it is undeniable, and indeed overdue...
16 Nov 2021
The Federal Capital Territory Minister, Malam Muhammad Bello has renewed call for special funding arrangements for the territory from the Federation Account.
15 Nov 2021
Some Nigerian economists have faulted the recent Federal Government’s proposal of marginal increase in revenue allocation to local councils, saying it goes against the tenets of true federalism.
15 Nov 2021
The decision of the Federal Government lately approving and mandating the newly registered Nigerian National Petroleum Company (NNPC) Limited to construct 21 different roads at a whopping sum of N621 billion across the six geo-political...
14 Nov 2021
The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), on Sunday gave the assurance that a new and acceptable revenue formula
6 Nov 2021
The Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) has begun review of the current revenue allocation formula.
29 Oct 2021
The six North East states of the federation have called for the eradication of horizontal sharing and distribution of revenue allocation formula.
26 Oct 2021
Seven states from the Northwest, yesterday, asked the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to give it lion share of revenue to state and local governments.