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Economic Council Approves New Revenue Commission Legislation - Politics - Nairaland

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Economic Council Approves New Revenue Commission Legislation by RealGandalf: 9:32pm On Dec 12, 2024

The National Economic Council (NEC), chaired by Vice President Kashim Shettima, has endorsed a draft bill to repeal and renew the law establishing the Revenue Mobilization Allocation and Fiscal Commission (RMAFC). This decision followed deliberations at the council’s last meeting for 2024, as revealed by Anambra State Governor, Professor Charles Soludo, during a media briefing.

Highlights of the Council's Resolutions:

Legislative Renewal of RMAFC Law:

1. The council reviewed and approved a draft bill to replace the current law governing RMAFC.

2. The proposal will be forwarded to the National Assembly for consideration and passage.

Enhanced Funding for RMAFC:

A. The council endorsed the allocation of 0.05% of Nigeria's non-oil revenue to RMAFC to support its operations.

B. The original request of 0.75% was reduced by NEC, subject to National Assembly review.

Justification for Reforms:

i. The RMAFC Chairman highlighted the commission's pivotal role in managing federation account accruals and determining remuneration for political officeholders.

ii. NEC acknowledged the critical need for robust funding to enable the commission to fulfill its duties effectively.

The RMAFC plays a vital role in Nigeria's fiscal governance, including monitoring revenue inflows, disbursements, and setting remuneration for public officials. The council’s endorsement underscores its commitment to enhancing the commission's efficiency and capacity.

Source: The Bureau Newspaper

7 Likes 1 Share

Re: Economic Council Approves New Revenue Commission Legislation by NetbizBoss: 3:28am On Dec 13, 2024
What is the difference between the new and the old

3 Likes

Re: Economic Council Approves New Revenue Commission Legislation by DEXTROVERT: 3:30am On Dec 13, 2024
The
North
Will be
Shaking

Another
Dribble

Bring
Back
Our
Tax
Law

1 Like

Re: Economic Council Approves New Revenue Commission Legislation by SAMTOBIJU(m): 3:30am On Dec 13, 2024
No comment
Re: Economic Council Approves New Revenue Commission Legislation by DeltaBachelor(m): 3:38am On Dec 13, 2024
Okay
Re: Economic Council Approves New Revenue Commission Legislation by DeOTR: 3:56am On Dec 13, 2024
RealGandalf:



Source: The Bureau Newspaper
RMAFC is a useless agency of the federal Republic of Nigeria. If the proposed amendment doesn't include making sure the highest paid public servant (The President inclusive), doesn't earned more than 20 times the minimum wage earners (all allowances included), then it's bullshit

6 Likes

Re: Economic Council Approves New Revenue Commission Legislation by Yankee101: 4:31am On Dec 13, 2024
RMAFC complained yesterday and today they want to reduce thier powers

6 Likes

Re: Economic Council Approves New Revenue Commission Legislation by Cmeo(m): 4:34am On Dec 13, 2024
They are now aligning.

1 Like

Re: Economic Council Approves New Revenue Commission Legislation by FourQu: 4:46am On Dec 13, 2024
Revenue, IGR, TAX, agbero, owomida, collect, donate etc


All popular words of the agbdoid group of destroyers cool

https://www.nairaland.com/8290617/guess-person

1 Like

Re: Economic Council Approves New Revenue Commission Legislation by Abaziaka: 4:46am On Dec 13, 2024
Ok
Re: Economic Council Approves New Revenue Commission Legislation by Abbeytoy(m): 4:50am On Dec 13, 2024
Film
Re: Economic Council Approves New Revenue Commission Legislation by QuestLINKsPrpty: 5:22am On Dec 13, 2024
It's that aspect reviewing and determining the Remuneration of Political office holders that ijyerets me most... Let's jeep out fingers crossed and watch out for the outcome.🤔
Re: Economic Council Approves New Revenue Commission Legislation by dfrost: 5:25am On Dec 13, 2024
QuestLINKsPrpty:
It's that aspect reviewing and determining the Remuneration of Political office holders that ijyerets me most... Let's jeep out fingers crossed and watch out for the outcome.🤔

Remuneration of Political Office holders? Till thy kingdom come... 🤣
Re: Economic Council Approves New Revenue Commission Legislation by omowolewa: 5:27am On Dec 13, 2024
It's long overdue
Re: Economic Council Approves New Revenue Commission Legislation by Macphenson: 5:45am On Dec 13, 2024
Tax, Revenue, loan, subsidy removal, Thats the onoy thing Tulumbu understands in government.
Why is RMFAC given 0.05 percent of non oil revenues? Which projects are they handling that warrants such?

4 Likes

Re: Economic Council Approves New Revenue Commission Legislation by Nahunger(m): 6:02am On Dec 13, 2024
grin
North go cry from now to 2031
Re: Economic Council Approves New Revenue Commission Legislation by IronCondemned: 6:05am On Dec 13, 2024
Tinubu, the Bible Zacchaeus of our time.
This man and tax are like 5&6.

2 Likes

Re: Economic Council Approves New Revenue Commission Legislation by CodeTemplar: 6:08am On Dec 13, 2024
DEXTROVERT:
The
North
Will be
Shaking

Another
Dribble

Bring
Back
Our
Tax
Law
Chaired by a northerner. Look deeper.
Re: Economic Council Approves New Revenue Commission Legislation by cardoctor(m): 6:30am On Dec 13, 2024
All na story and another pipeline for magic disappearance of money.
Re: Economic Council Approves New Revenue Commission Legislation by LandMann: 6:41am On Dec 13, 2024
Corrupt and incompetent government of nepotism, tribalism and propaganda.

Instead of consulting and getting all necessary approvals from state organs and the general public they wanted to use corrupt legislators to quickly rush tax bill through the national assembly just like they hurriedly pushed the bill for new national anthem through and rushed to start building a 15 trillion naira coastal road without consulting Nigerians, doing environmental impact assessment and getting the necessary approvals.

Now they're using brown envelopes to get support from people who don't represent Nigerians so that they can force the tax bill through which will plunge Nigeria into another round of economic crisis and hardship

If you don't demand for Tinubu to leave that seat for someone more competent then you are nothing but a fool
Re: Economic Council Approves New Revenue Commission Legislation by Zooposki(f): 6:45am On Dec 13, 2024
LandMann:
Corrupt and incompetent government of nepotism, tribalism and propaganda.

Instead of consulting and getting all necessary approvals from state organs and the general public they wanted to use corrupt legislators to quickly rush tax bill through the national assembly

You guys just argue blindly. Thank God Obi no enter. His own wotowoto would have been100x Tinubu’s own.

1 Like

Re: Economic Council Approves New Revenue Commission Legislation by NewHe: 6:47am On Dec 13, 2024
Is it not better to scrap it and let the political offices be under the civil rule wages?
Re: Economic Council Approves New Revenue Commission Legislation by LandMann: 6:48am On Dec 13, 2024
Zooposki:


You guys just argue blindly. Thank God Obi no enter. His own wotowoto would have been100x Tinubu’s own.

You're a certified government propaganda zombié
Re: Economic Council Approves New Revenue Commission Legislation by Zooposki(f): 6:51am On Dec 13, 2024
Re: Economic Council Approves New Revenue Commission Legislation by Allogic: 6:59am On Dec 13, 2024
CodeTemplar:
Chaired by a northerner. Look deeper.
I am wondering Oo! NEC is comprised of all state governor's and few others with VP as chairman, don't expect them to be petty.all stake holders will watch out their critical interests while trying to advance the country toward.
Re: Economic Council Approves New Revenue Commission Legislation by RealityOfReason: 7:15am On Dec 13, 2024
LandMann:
Corrupt and incompetent government of nepotism, tribalism and propaganda.

Instead of consulting and getting all necessary approvals from state organs and the general public they wanted to use corrupt legislators to quickly rush tax bill through the national assembly just like they hurriedly pushed the bill for new national anthem through and rushed to start building a 15 trillion naira coastal road without consulting Nigerians, doing environmental impact assessment and getting the necessary approvals.

Now they're using brown envelopes to get support from people who don't represent Nigerians so that they can force the tax bill through which will plunge Nigeria into another round of economic crisis and hardship

If you don't demand for Tinubu to leave that seat for someone more competent then you are nothing but a fool

Use your sense na. How can a NEC that comprises all state governors be tribalistic?
Re: Economic Council Approves New Revenue Commission Legislation by Jcoleworld911: 7:29am On Dec 13, 2024
RealGandalf:



Source: The Bureau Newspaper

Alex otti of Abia state is always learning from prof Charles Soludo

Good one
Igbo Amaka
Re: Economic Council Approves New Revenue Commission Legislation by Zico5(m): 8:00am On Dec 13, 2024
All they know is how to share the common resources, nothing more
Re: Economic Council Approves New Revenue Commission Legislation by ejieddy: 8:11am On Dec 13, 2024
They would have shut up. Now they're cutting their powers and tongue
Re: Economic Council Approves New Revenue Commission Legislation by AcadaWriter0: 8:12am On Dec 13, 2024
RMAFC expressed concerns yesterday, and today they want to decrease their powers.

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