The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, says it has completed the review of Nigeria’s Revenue Allocation Formula and concluded work on the review of remuneration for political, public and judicial office holders.
Chairman of the Commission, Dr. Mohammed Bello Shehu, disclosed this during an interactive session with members of the Nigerian Guild of Editors, NGE, in Lagos.
Dr. Shehu said the two reviews were at advanced stages of consideration by the appropriate authorities.
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He explained that the Revenue Allocation Formula review involved extensive consultations with the three tiers of government, technical stakeholders and nationwide engagements.
According to him, the exercise examined fiscal responsibilities, revenue trends and comparative federal systems, with the outcome producing a harmonised report and legislative proposals ready for transmission to the appropriate authorities.
The RMAFC Chairman said the objective was to establish a more equitable and sustainable revenue-sharing framework that reflects Nigeria’s current economic and governance realities.
On remuneration, Dr. Shehu said the Commission had completed the review of salaries and allowances for judicial office holders, resulting in the enactment of the Judicial Office Holders (Salaries and Allowances) Act, 2025.
He added that the review of remuneration for executive and legislative office holders was also at an advanced stage, with an executive bill on the Political and Public Office Holders (Salaries and Allowances) Act, 2026, expected to be transmitted to the National Assembly.
Dr. Shehu stressed that improved remuneration must be accompanied by accountability and performance, saying better pay should translate into improved public service delivery.
The Chairman also highlighted the Commission’s efforts to strengthen revenue monitoring, particularly in the oil and gas sector.
He said RMAFC had intensified monitoring of crude oil and gas production data to ensure accurate application of the 13 per cent derivation principle.
According to him, verification exercises, geospatial mapping and collaboration with relevant agencies helped resolve several oil well attribution disputes, including the reallocation of 17 oil wells from Imo State to Rivers State in line with a Supreme Court judgment.
He said similar interventions had been carried out in Cross River, Akwa Ibom, Imo and Anambra States, while improved gas production reporting had enabled Enugu and Kogi States to benefit from derivation revenues.
Dr. Shehu said the Commission had strengthened collaboration with the Nigerian Upstream Petroleum Regulatory Commission, NUPRC; Nigerian National Petroleum Company Limited, NNPCL; Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA; National Boundary Commission and the Office of the Surveyor-General of the Federation.
He disclosed that RMAFC was also engaging the Ministry of Defence to address crude oil theft, pipeline vandalism and production losses, which he described as major threats to national revenue.
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Beyond the petroleum sector, the Chairman said the Commission was exploring additional revenue opportunities through partnerships with the Federal Airports Authority of Nigeria, FAAN, and the National Space Research and Development Agency, NASRDA.
He said satellite and geospatial technologies would be deployed to identify new sources of revenue.
Dr. Shehu further said RMAFC had improved its institutional infrastructure, security systems and staff welfare, while ongoing training and capacity development programmes were strengthening the technical expertise of its personnel.
He said the engagement with the Nigerian Guild of Editors was aimed at deepening transparency and improving public understanding of the Commission’s constitutional mandate.
Dr. Shehu reaffirmed RMAFC’s commitment to data-driven reforms, proactive communication and stronger collaboration with the media to promote accountability in public finance.
In a vote of thanks, the Chairman of the Public Affairs and Communication Committee, PACC, and Federal Commissioner representing Kwara State, Honourable Ismail Muhammed Agaka, commended the media for its role in strengthening democratic accountability.