June 13, 2024

The Centre for Anti-Corruption and Open Leadership (CACOL) has urged President Bola Tinubu to give his consent to the Bill aimed at amending the Revenue Mobilization Allocation and Fiscal Commission Act, CAP. R7 LFN 2010. The Bill, which has already been passed by the Ninth Assembly, is currently awaiting Mr. Tinubu’s approval.

According to a statement by CACOL Chairman, Debo Adeniran, granting assent to the bill would empower the commission with enforcement authority to oversee the accruals and disbursements of revenue from the federation account. Furthermore, it would align the Act with the provisions of the 1999 Constitution (as Amended).

Mr. Adeniran emphasized that the bill, as passed by the National Assembly, stipulates that the commission should be fully funded by the three tiers of government, as they are the beneficiaries of the Federation Account. Currently, the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) is one of the 14 executive bodies recognized by the Constitution, but it suffers from inadequate funding compared to other well-funded agencies like the Independent National Electoral Commission (INEC), the National Population Commission (NPC), and the National Assembly.

The chairman of the anti-graft group pointed out that the lack of sufficient funding has hindered the commission’s performance and effectiveness, making it a “toothless bulldog.” Therefore, he expressed optimism that the bill, once enacted, would eliminate financial, legal, and regulatory obstacles, strengthening the commission’s mandate in monitoring and managing revenue allocation.

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