RMAFC Plans Review Of Revenue Sharing Formula

Revenue Mobilization and Fiscal Commission (RMAFC) says it will revisit its moves to review the formula for sharing revenue from the federation account by the three Tiers of Government.

Moves by the Commission to review the formula since the Obasanjo administration has been hitting a brick wall, either in the Presidency or the National Assembly.

The Commission Chairman, Elias Mba, who was sworn into office by President Muhammadu Buhari last week, says the review of the formula will be one of his priority.

He told newsmen after his inauguration that the Commission will ensure that the formula will be reviewed.

State Governors have been agitating for the review of the formula which favour the Federal Government.

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