President Muhammadu Buhari, on Thursday, inaugurated the Revenue Mobilisation, Allocation and Fiscal Commission (FMAFC) board at the State House in Abuja.
President swore-in Mr. Elias Mbam as the commission’s board chairman, and thirty others as commissioners.
The RMAFC is responsible for preparing the formula for sharing revenues among the three tiers of government in the country.
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The revenue commission is also responsible for fixing the remuneration of political office holders as well as monitoring the revenues accruing to the federation account from revenue-generating agencies.