RMAFC – InfoStride News

FG Commences Review of Revenue Allocation Formula

Temitope Nlewemchi — Thu, 28 May 2026 22:57:29 +0000

The Federal Government has announced the commencement of a comprehensive review of the country’s revenue allocation formula, a process aimed at addressing long-standing concerns over fiscal imbalance and improving equitable distribution of resources across the three tiers of government. The exercise, according to officials, is expected to take into account current economic realities, the revenue [...]

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Revenue Agencies Launch Joint Initiative to Boost Recovery and Allocation Efficiency

Temitope Nlewemchi — Tue, 21 Oct 2025 14:14:36 +0000

Nigeria’s key revenue collection and allocation agencies have unveiled a coordinated initiative aimed at improving revenue recovery, enhancing transparency, and strengthening fiscal discipline across all tiers of government. The new initiative, announced in Abuja, is expected to boost non-oil revenue generation and ensure more effective distribution of national income to federal, state, and local governments. [...]

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N83.5Bn Loan: PDP Attacks Abiodun, Says Ogun Roads In Shambles Despite Huge Debt

Ifeanyi Nwagboso — Fri, 17 Sep 2021 09:30:52 +0000

The Ogun State chapter of the Peoples Democratic Party (PDP) has called out Governor Dapo Abiodun over his plan to borrow a sum of N83.5bn from the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC). InfoStride News recalls that Governor Abiodun, while appealing to the commission to ensure speedy approval of the loan, said it would [...]

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Senator Murray-Bruce Donates Half Of His Wardrobe Allowance To Widows In Bayelsa

Wale Adebayo — Sun, 06 Dec 2015 19:45:20 +0000

Senator Ben Murray-Bruce representing Bayelsa East, founder of SilverBird, on Saturday redeemed his pledge to donate half of his wardrobe allowance to widows in his community at Akasa, Bayelsa State. According to the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), each senator of the Federal Republic is entitled to a wardrobe allowance of N506,600 per annum; [...]

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RMAFC Begins Slashing Of President and Lawmakers’ Salaries To Save Costs | #Nigeria

Wale Adebayo — Wed, 26 Aug 2015 07:11:32 +0000

Chairman of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) Mr. Elias Mbam says the Commission had started the process of trimming down the pay packages of the President, Senators, members of the House of Representatives, governors and all the elected public officials to reflect current economic realities. Speaking with journalists after meeting President Muhammadu [...]

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