Sanction Defaulting Revenue Agencies, SGF Tells RMAFC
The Federal Government has directed the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to sanction revenue-generating agencies that fail to comply with collection and remittance laws. The Secretary to the Government of the Federation (SGF), Senator George Akume, issued the directive on Tuesday in Abuja during the Inaugural Plenary Session following the swearing-in of newly appointed RMAFC commissioners.
Akume emphasized the need for the commission to enhance non-oil revenue mobilization and prioritize revenue generation from solid minerals, taxation, and other non-oil sectors to reduce Nigeria’s dependence on crude oil.
“I wish to state categorically that the government expects key deliverables from the commission, particularly in revenue monitoring and accountability. All revenue-generating agencies must comply with collection and remittance laws. Leakages must be blocked, and defaulters must be sanctioned,” Akume stated.
He also urged the RMAFC to fast-track the review of the revenue allocation formula, which has not been revised in over two decades. “A new, equitable formula is critical for national economic stability and development,” he added.
The SGF further highlighted the importance of aligning the commission’s strategies with the administration’s economic transformation agenda to create a robust and self-sustaining revenue framework. He called for collaboration with key stakeholders, including the National Assembly, to ensure a harmonized approach to revenue administration.
Akume noted that recent fiscal reforms, such as the removal of fuel subsidies, exchange rate unification, and ongoing tax reforms, could only succeed with the RMAFC’s full commitment to their implementation. He described the inauguration of the new commissioners as a significant step toward fostering fiscal sustainability, revenue collection, and remittance efficiency, in line with the Renewed Hope Agenda of the administration.
Congratulating the newly inaugurated commissioners, Akume stressed that their role in shaping the country’s economic and fiscal trajectory was pivotal.
In his remarks, the Chairman of RMAFC, Dr. Mohammed Shehu, reaffirmed the commission’s commitment to fostering inter-governmental collaboration and ensuring alignment with government policies. He noted that the commission plays a crucial role in ensuring the fair and transparent allocation of revenue among the three tiers of government.
“We are actively engaged in developing frameworks that enhance revenue generation, fiscal sustainability, and equitable distribution in line with national development priorities,” Shehu said.
He also sought the SGF’s support in ensuring that the RMAFC effectively discharges its constitutional responsibilities.
The Commissioner Representing Kwara State, Mr. Ismail Agaka, assured that the newly inaugurated commissioners would work diligently to achieve the mandates and objectives of the RMAFC. Agaka expressed gratitude to the SGF, RMAFC chairman, and commission management for facilitating the inauguration.
“I assure you that we will do our best to support the commission in achieving its mandates and objectives,” Agaka stated.
The Federal Government’s directive underscores its commitment to improving revenue generation, blocking leakages, and ensuring accountability in the management of the nation’s resources.
