Abuja: The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says it is pursuing institutional reforms and digital transformation to improve revenue monitoring, transparency, and fiscal governance. The Chairman of the commission, Dr. Mohammed Shehu, disclosed this in an interview in Abuja.
According to News Agency of Nigeria, Shehu described RMAFC as a strategic constitutional body responsible for safeguarding Nigeria’s revenue architecture and ensuring proper accounting and equitable distribution of federation revenues. He emphasized that RMAFC monitors revenues accruing to the federation account, tracks disbursements, and advises governments on revenue enhancement strategies. “Our constitutional responsibility is to ensure that every kobo due to the federation is properly accounted for,” he said.
He explained that RMAFC’s revenue monitoring covered major revenue-generating agencies and institutions responsible for collections on behalf of the federation. “The commission conducts monthly reconc
iliation exercises through the Federation Account Allocation Committee (FAAC) to verify revenues accruing to the federation account. The process involves representatives of the Federal Government, states, revenue agencies, and other statutory stakeholders scrutinising financial records. Where discrepancies are identified, the commission demands explanations backed by documentary evidence until all figures are fully reconciled,” he said.
The chairman highlighted that the FAAC technical sessions provided an avenue for stakeholders to examine revenue records and promote transparency in revenue administration. He noted that RMAFC was also empowered to determine the remuneration of political office holders, including elected officials, ministers, legislators, and judicial officers. He added that the commission was implementing a digital transformation programme to modernize revenue monitoring and improve institutional efficiency.
Shehu elaborated that the programme would involve electronic monitoring systems, li
ve-source data integration, advanced analytics, and improved internal data storage. “We are building a modern commission driven by technology. The objective is to strengthen transparency and evidence-based decision-making. Digitalisation will facilitate near real-time monitoring and reconciliation of federation revenues, while improving operational responsiveness,” he said.
He mentioned that the reform agenda also included staff capacity building, recruitment of young technical professionals, improved welfare, and office modernization. Legal reforms were being pursued to strengthen the commission’s operational effectiveness and long-term sustainability.
On revenue diversification, the chairman urged Nigeria to reduce dependence on oil by developing agriculture, solid minerals, tourism, technology, entertainment, and human capital. He stated that Nigeria possessed enormous economic opportunities beyond oil and emphasized the need for stronger policies, security, legal frameworks, and institutional collaborat
ion.
Shehu reaffirmed the RMAFC’s commitment to building a transparent and professionally driven commission, capable of sustaining effective revenue management beyond individual administrations. He concluded that the commission’s vision was to strengthen institutional continuity, preserve public confidence, and ensure that Nigeria’s revenue framework served present and future generations.