RMAFC seeks support for financial autonomy


By Ayodeji Alabi

Akure, Nov.11, 2020 Alhaji Abdullahi Shuaibu, the Kwara Commissioner on the board of Revenue Mobilisation, Allocation and Fiscal Commission, (RMAFC), has called for financial autonomy for the commission to ensure proper resource distribution.

Shuaibu made the call on Wednesday in Akure during a courtesy visit to Gov. Oluwarotimi Akeredolu of Ondo State in his office.

RMAFC is a federal government commission saddled with the responsibility of monitoring the accruals to, and disbursement of revenue from, the Federation Account. It determines remuneration appropriate for political office holders as well as advises the federal and state governments on fiscal efficiency.

Shuaibu said that the commission needed Akeredolu’s advice and support in its bid for autonomy so as to properly function as an independent umpire in its mandate of resource distribution of the country among federal, state and local governments.

“We need financial independence. If there is anyone, any institution, that is entitled to direct access to the federation account, it should be RMAFC.

“Because we are the ones that are actually sharing the money, we are the ones that are supposed to be neutral,” he said.

Shuaibu commended Akeredolu for what he described as ‘geometric improvement’ in the state’s Internally Generated Revenue (IGR), saying, “at inception, you met N750 million Internally Generated Revenue per month and you have been able to move it above N2 billion per month’’.

He added: “You have also moved the state from 26th position to the 8th position as at the last count. So, I know that the person in Ondo Government House is not an ordinary person. SAN’s are not usually ordinary lawyers”.

Responding, Akeredolu thanked Shuaibu for his comments on the strides taken by the state government, adding that the state could still achieve more to significantly transform the entire facets of governance.

The governor disclosed that new factories to be powered by gas will soon take off in the state, in the light of the dwindling fortunes of oil across the globe.

“Gas is coming. We are going to start running on it in Ondo State. Some of our factories that are going to start now will run on gas very soon because that is the only way,” Akeredolu said

The governor also said there would be the need to look at the law on the financial autonomy bid of RMAFC, so that it would be integrated into the first-line charge.

The RMFAC delegation to the governor included, High Chief Tokunbo Ajasin, the Ondo State representative on the commission, Gbenga Oladele, his Osun State counterpart and three directors of the commission.

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