Experts seek accountability as RMAFC moves to raise states’ allocations

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) announced a review of Nigeria's revenue allocation framework, aiming for a fair and equitable sharing formula among federal, state, and local governments. Currently, the distribution stands at 52.68% for the Federal Government, 26.72% for states, and 20.60% for local councils.

The commission highlighted the need to reflect the evolving economic and political landscape of the nation in the allocation formula. Stakeholders emphasized the importance of accountability and transparency in the review process to ensure fairness and sustainability.

The commission plans to involve consultations with various stakeholders, including government bodies, civil society organizations, and development partners. The review aims to address developmental disparities, fiscal performance, and sectoral needs, aligning with international best practices and the Nigerian Constitution.