RMAFC got N22.8bn allocation from FAAC in three months

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) received a total of N22.8 billion in allocations from the federation account allocation committee (FAAC) between April and June 2025.

According to official communiqués obtained by TheCable, this marks the first time the commission is receiving direct disbursements from the federation account — and the amount far exceeds its combined budgets for 2024 and 2025.

In April, RMAFC received N4.6 billion, while N5.7 billion was disbursed to the commission in May.

In June, the commission was allocated N12.5 billion, which is more than the amount received in April and May combined.

The increase follows the National Economic Council’s (NEC) approval of 0.5 percent of non-oil revenue from the federation account to be allocated to RMAFC — a move aimed at addressing long-standing underfunding.

Although the new funding formula was approved by NEC in December 2024, its implementation began in April 2025, subject to appropriation.

Chukwuma Soludo, governor of Anambra state, had announced the resolution after the council’s final meeting for 2024, noting that RMAFC had originally requested 0.75 percent, but the council approved 0.5 percent.

The N22.8 billion allocated in just three months is nearly seven times RMAFC’s 2024 budget of N3.26 billion and more than four times the proposed N5.5 billion budget for 2025.

RMAFC is not one of the revenue-generating government-owned enterprises (GOEs) and has traditionally relied on budgetary provisions.

Its constitutional duties include monitoring accruals to the federation account, reviewing and advising on revenue allocation formulae, determining the remuneration of political officeholders, and advising governments on fiscal efficiency.

Despite its critical mandate, the commission has long complained of inadequate funding, which officials say has hindered its ability to conduct in-depth fiscal monitoring and salary reviews for public officeholders.