Tue, Jan

President Buhari Swears In New RMAFC Chairman


President Muhammadu Buhari swore in Mohammed Bello Shehu as the new Chairman of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC). Bello was administered the oath of office on Wednesday at the State House, Abuja just before the commencement of the weekly Federal Executive Council (FEC) meeting which was presided over by President Muhammadu Buhari.

Speaking to State House correspondents after the ceremony, Shehu said, “The task is challenging. We all know the situation that Nigeria is, or even globally when you look at contemporary African countries like South Africa, Ethiopia, Ghana, Egypt, all the economic issues that are facing including Nigeria.

“We had COVID-19, we had a recession, we now have the war with Ukraine, which has affected many countries and revenues are down all over. So, our task as a revenue mobilization agency is how we can assist Mr. President to get more revenues for the federation and block leakages.

“Looking at the constitutional responsibility of the Commission, which of course are monitoring of accruals to the Federation Account, disbursement and also mobilization”.

He also said the RMAFC had other tasks such as monitoring the Central Bank of Nigeria, (CBN), Ministry of Finance, Customs, Nigerian National Petroleum Company (NNPC), amongst others.