Federal finance and statistics / Revenue Mobilisation Allocation and Fiscal Commission
RMAFC CALLS FOR REVIEW OF REVENUE ALLOCATION FORMULA TO BOOST FISCAL MANAGEMENT
A cross section of participants at the Retreat The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) proposed a review of revenue allocation formula to enhance fiscal management and promote economic development. The Commission said reviewing the formula every five years, as stipulated by the constitution, would ensure equitable distribution of revenue among the three tiers…
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