RMAFC Begins Review Of Public Office Holders’ Salaries
The Revenue Mobilisation Allocation and Fiscal Commission has begun consultation with stakeholders with a view to reviewing public office holders pay.
As such, the agency said it would engage critical stakeholders to determine if the remuneration for political, public and judicial officeholders should be increased or decreased.
The commission, in a statement, said that it would begin the process of reviewing the remuneration for political, public and judicial office holders in the country.
The statement read in part, “Mohammed Shehu [who is the current chairman of the Commission] pointed out that pursuant to the functions of RMAFC in paragraph 32(D) of part 1 to the third schedule of 1999 constitution of the Federal Republic of Nigeria as amended, empowers the Commission to determine the remuneration appropriate to political, public and judicial office holders in the country informing that the last time the review was carried out was 2008 which makes it even overdue for review.”
In June last year, the former Chairman of RMAFC, Elias Mbam, said the commission had completed plans to begin the review of the revenue allocation formula.
The review was targeted at the equitable distribution of the accrued revenue into the Federation Account to the three tiers of government and it was to be concluded before the end of 2021.
However, the commission failed to meet its deadline in 2021 and ended up submitting its report on the review of the vertical revenue allocation formula to the President Muhammadu Buhari, in April this year.
In the report, the proposed vertical revenue allocation formula was 45.17 per cent for the Federal Government, 29.79 per cent for state governments and 21.04 per cent for the local governments.