RMAFC Completes Revenue Formula and Judicial Pay Review
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has finalized the review of Nigeria’s Revenue Allocation Formula, establishing a new framework for revenue sharing among federal, state, and local governments. RMAFC Chairman Mohammed Bello Shehu announced this during an interactive session with the Nigerian Guild of Editors in Lagos.
The review included extensive consultations with various stakeholders and assessed fiscal responsibilities and revenue trends. The commission also completed the review of remuneration for judicial office holders, leading to the enactment of the Judicial Office Holders (Salaries and Allowances) Act, 2025.
Furthermore, the review of salaries for executive and legislative office holders 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. Shehu emphasized that salary increases must be linked to improved service delivery and accountability.
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