FG eyes non-oil sector for more revenues
The Federal Government has charged the newly inaugurated members of the Revenue Mobilisation, Allocation And Fiscal Commission (RMAFC) to mobilise funds from the non-oil sector.
Lagos not paid derivation fund as oil producing state since 2018 - Commissioner
Mr Olalere Odusote, Lagos State Commissioner for Energy and Mineral Resources, on Friday said the state had not received any derivation fund since it became an oil-producing state
Labour flays planned review of political office holders’ pay, cleric canvasses slash
Trade Union Congress of Nigeria (TUC) has condemned the plan by the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to review the remuneration of political office holders.
‘Taxes generated 60% of government’s revenue in three months’
Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, has disclosed that taxes contributed 60 per cent of revenues distributed at the Federation Accounts Allocation...
Revenue allocation review plans without federalism?
A recent report of plans by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to review the revenue allocation sharing formula would have been greeted with some exultation if there was not a better, more urgent and more decisive course of action that could be taken to achieve a fairer and more equitable Nigeria.
Commission moves for new revenue sharing formula
Five years after talks stalked on a sustainable sharing formula for revenues accruing to the federation among the three tiers of government, the Revenue Mobilisation...
Legislators lift Abuja property market
Despite apparent uncertainties surrounding the economic health of the housing sector in major cities, Abuja property market appears to have rebounded, with the juicy accommodation package granted the legislators by the Federal Government.
Buhari inducts RMAFC, promises sanctions for tax defaulters
President Muhammadu Buhari inaugurated new Chairman of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), Elias Mbam and 29 commissioners at the State House, Abuja yesterday with marching orders to sanction tax defaulters. The President also hinted of his readiness to ensure that the Ninth National Assembly gives legal backing to the proposed move through…
Buhari swears in RMAFC chairman, commission members
Nigeria's President Muhammadu Buhari Thursday swore-in Elias Mbam as chairman of the Revenue Mobilisation and Fiscal Commission (RMAFC). Buhari presided over Mbam's swearing-in as well as the swearing-in of twenty-nine others as members of the commission at the Council Chambers in Abuja. The Nigerian Senate, Wednesday, May 8, confirmed the reappointment of Elias Mbam from…