4 articles tagged with “RMAFC”
President Bola Tinubu has signed an executive order mandating direct payment of oil and gas revenues into the Federation Account, a move the Revenue Mobilisation Allocation and Fiscal Commission says will curb leakages and boost government coffers.
Nigeria spent N10.81 trillion servicing debt in nine months of 2025, while President Tinubu's executive order aims to increase revenue distribution across government tiers amid mounting fiscal pressures.
The Revenue Mobilisation Allocation and Fiscal Commission has thrown its weight behind President Tinubu's directive requiring oil and gas revenues to flow directly into government accounts, marking a significant shift in Nigeria's fiscal management framework.
Nigeria's state oil company posted record 2025 revenue of N60.5 trillion with N5.7 trillion profit, while Cross River State moves toward reinstatement as oil-producing territory, potentially reshaping federal revenue allocation.