The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has completed a comprehensive 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 on Friday during an interactive session with members of the Nigerian Guild of Editors (NGE) in Lagos, a statement by the Commission said. Shehu said both reviews had reached advanced stages of consideration by the appropriate authorities, describing them as major components of the Commission’s fiscal reform efforts since 2023. According to him, the review of the Revenue Allocation Formula was conducted through extensive consultations with the three tiers of government, technical stakeholders and other participants across the country. He said the exercise involved an assessment of fiscal responsibilities, revenue trends and comparative federal systems, culminating in a harmonized report and legislative proposals ready for transmission to the relevant authorities. The RMAFC chairman explained that the proposed framework was designed to promote a more equitable and sustainable distribution of national revenue in line with Nigeria’s current economic and governance realities. On remuneration, Shehu said the Commission had completed the review of salaries and allowances for judicial office holders, which resulted 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. He, however, stressed that improved remuneration must be accompanied by accountability and performance, noting that higher pay should translate into improved public service delivery. Shehu also highlighted the Commission’s efforts to strengthen revenue monitoring, particularly in the oil and gas sector, to ensure accurate application of the 13 per cent derivation principle. He said verification exercises, geospatial mapping and collaboration with relevant agencies had helped resolve long standing oil well attribution disputes, including the reallocation of 17 oil wells from Imo State to Rivers State in compliance 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.
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