The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) said on Thursday that it has finalized proposals for a new remuneration structure for political officeholders, including ministers, which have been submitted to President Bola Tinubu through the Office of the Secretary to the Government of the Federation.
RMAFC Chairman Mohammed Bello Shehu disclosed the update during a budget defense before the House Committee on Finance, noting that the recommendations will soon be forwarded to the National Assembly for legislative approval.
Shehu also said the commission is reviewing the country’s vertical and horizontal revenue-sharing formula for the three tiers of government, and expects to conclude the work this year. “We have done everything. We have concluded. We are just about to finish analyzing the data and bring it before you,” he said.
The chairman criticized the interference of some state governments in local government fiscal affairs and announced plans to establish a Local Government Monitoring Committee, aimed at ensuring accountability and functionality. He praised President Tinubu for supporting the initiative, including the potential use of executive powers to enforce compliance.
Shehu further highlighted progress in RMAFC’s engagements with revenue-generating agencies such as the Nigerian Customs Service and the Nigerian Upstream Petroleum Regulatory Commission, describing the improvements as unprecedented.
He also hinted at an ongoing audit of Nigeria’s oil assets in the Niger Delta, suggesting that the findings could have significant national implications once presented to the president. “Some of them went into the creeks to identify oil assets. When this report reaches the president, this country will shake,” he said.
The commission’s proposed reforms are part of broader efforts to enhance transparency, fiscal accountability, and remuneration standards for public officeholders across Nigeria.
