Rmafc news
RMAFC stands for Revenue Mobilization Allocation and Fiscal Commission, which is a federal agency in Nigeria responsible for monitoring and managing the country's revenue and allocation of funds to various levels of government. Here are some recent news updates about RMAFC:
- RMAFC to review revenue allocation formula: The RMAFC has announced plans to review the revenue allocation formula to ensure that more funds are allocated to states and local governments. This move is aimed at addressing the financial challenges faced by subnational governments. (Source: Vanguard News)
- RMAFC releases N2.45 trillion revenue allocation to states: The RMAFC has released N2.45 trillion to states and local governments as revenue allocation for the 2022 fiscal year. This is an increase of 12.5% compared to the previous year. (Source: Leadership Newspaper)
- RMAFC to investigate alleged mismanagement of funds by states: The RMAFC has announced plans to investigate alleged mismanagement of funds by some states. This move is aimed at ensuring transparency and accountability in the management of public funds. (Source: The Punch)
- RMAFC to collaborate with states on revenue generation: The RMAFC has pledged to collaborate with states to improve their revenue generation capabilities. This move is aimed at enhancing the financial autonomy of states and local governments. (Source: Daily Trust)
- RMAFC to review tax laws: The RMAFC has announced plans to review tax laws to ensure that they are more effective in generating revenue for the government. This move is aimed at addressing the country's revenue challenges. (Source: This Day Live)
These are some of the recent news updates about RMAFC. If you're looking for more information, please let me know!