RMAFC Completes Revenue Sharing Review, Proposes New Pay

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has finalized its review of Nigeria's Revenue Allocation Formula, establishing a new framework for revenue sharing among federal, state, and local governments. RMAFC Chairman Mohammed Shehu announced this during an interactive session with the Nigerian Guild of Editors in Lagos.

The commission has also completed the review of remuneration for judicial officeholders, leading to the enactment of the Judicial Office Holders (Salaries and Allowances) Act, 2025. Furthermore, the review of salaries and allowances for executive and legislative officeholders is at an advanced stage, with an executive bill on the Political and Public Office Holders (Salaries and Allowances) Act, 2026 expected to be sent to the National Assembly.

The review process involved extensive consultations and aimed to create a more equitable and sustainable revenue-sharing system. Shehu emphasized that any salary increases must coincide with improved service delivery and accountability.