Tag Archives: RMAFC

RMAFC recommends N10 billion stabilization funds amid dwindling revenue

Following the revenue decline of most states of the federation, the Revenue Mobilisation Allocation and Fiscal Commossion (RMAFC) has recommended more than N10 billion from the Federal Government’s stabilisation fund account to various states of the federation for the period two years. The chairman of the Commission, Mohammed Bello Shehu, who disclosed this in Abuja in a statement, informed that ...

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RMAFC supports new petrol subsidy regime

The Revenue Mobilisation Allocation and Fiscal Commission has backed the reintroduction of subsidy on petroleum products by the Federal Government through the Nigerian National Petroleum Corporation. Its Acting Chairman, Umar Gana, said given that the nation was just recovering from recession, the best option was to pay subsidy on petroleum products, rather than increase the pump price. He said that ...

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