REVENUE MOBILISATION, ALLOCATION AND FISCAL COMMISSION ACT
Act · Finance
An Act establishes the Revenue Mobilisation, Allocation and Fiscal Commission to monitor revenue and advise on sharing formulas for the Federation Account. It targets federal, state, and local governments, as well as citizens involved in revenue distribution. The policy ensures transparent and equitable allocation of federal revenues.
REVENUE MOBILISATION, ALLOCATION AND FISCAL COMMISSION ACT
What Is This Policy?
An Act establishing the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) as the constitutional body for monitoring revenue mobilisation and advising on the sharing formula for the Federation Account.
Who Does It Target?
Federal, state, and local governments receiving Federation Account allocations RMAFC commissioners and staff National Assembly reviewing sharing formulas Citizens monitoring Federation Account distributions
What Does It Aim to Achieve?
Ensure transparent and equitable distribution of federal revenues among the three tiers of government, monitor revenue collection, and recommend adjustments to the sharing formula.
Key Features
Revenue Monitoring: RMAFC monitors all revenue-collecting agencies and ensures accurate reporting of collections. Formula Recommendation: Recommends the Federation Account revenue sharing formula to the National Assembly. Remuneration: RMAFC sets remuneration for political officeholders, judicial officers, and public servants. FAAC Participation: RMAFC participates in the monthly Federation Account Allocation Committee meetings.
Current Status
Rollout Stage: Active Coverage: Federal revenue distribution system Beneficiaries: All levels of government; Nigerian public Funding: Federal Government appropriation
How to Access
FAAC monthly allocation data published by RMAFC States and LGAs receive allocations automatically based on approved formula Citizens may access RMAFC reports at https://www.rmafc.gov.ng Application method: Access at https://www.rmafc.gov.ng
Important Terms
Changes to the revenue sharing formula require an Act of the National Assembly RMAFC recommendations are advisory — the National Assembly decides Political officeholder salaries are set by RMAFC under constitutional authority
Official Resources
Website: https://www.rmafc.gov.ng Contact: Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC)
Legal Framework
Enacted under Section 4 of the 1999 Constitution. Operates under the Third Schedule Part I, paragraph 32 of the 1999 Constitution establishing the RMAFC, the Allocation of Revenue (Federal Account) Act, the Fiscal Responsibility Act 2007, and the Finance (Control and Management) Act 1958.