• About
  • Advertise
  • Contact
Thursday, October 23, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home News

RMAFC To Review Sharing Formula Among States, LGs

Vital News by Vital News
January 14, 2023
in News
0
Share on FacebookShare on Twitter

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has commenced work on the review of the indices used in the sharing formula of federation resources among states and local governments.

The Chairman of the Commission, Mr. Mohammed Bello Shehu disclosed that the organisation was set to roll out a proprietary software for the collection of data on the indices to be used for the horizontal Revenue Allocation Formula.

Announcing the take-off of its maiden tooling programme in Abuja,, Mr Bello, said that the tooling exercise was targeted at equipping selected officials of states and local governments in the country, with an in-depth understanding and operation of the electronic platform that the Commission would use in data collection as it prepares to review the indices for the Horizontal Revenue Allocation Formula among the second and third tiers of government.

Under the current formula, the federal government gets 52.68 per cent, the 36 states share 26.72 per cent while the 774 local government areas in the country share 20.60 per cent of federation revenue monthly.

Although, the details of the new formula have not been disclosed, it was learnt that it reduced the federal government share of the revenue, which has been seen as a reason while federal authorities are no enthusiastic about forwarding it to the National Assembly.

RelatedStories

Trailer Crushes Female University Lecturer To Death In Lokoja

Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

‎IMPI Revises Inflation Rate Projection To 14% From 17% For December

Tags: formulaLGsrevenueStates
Previous Post

Tinubu Parleys NESG, Unveils Economic Plans

Next Post

Osun Governorship : Tribunal Reserves Judgment In Oyetola , Adeleke Petition

Vital News

Vital News

RelatedStories

Trailer Crushes Female University Lecturer To Death In Lokoja
Education

Trailer Crushes Female University Lecturer To Death In Lokoja

October 23, 2025
Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund
News

Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

October 22, 2025
FG Cancels Independence Anniversary Parade
Environment

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

October 22, 2025
‎IMPI Welcomes First Interest Rate Cut In Five Years, Says CBN Decision Aligns With Its Projection
Economy

‎IMPI Revises Inflation Rate Projection To 14% From 17% For December

October 22, 2025
National Orthopedic Hospital Jalingo Signs MoU With Police Health Maintenance Limited
Health

National Orthopedic Hospital Jalingo Signs MoU With Police Health Maintenance Limited

October 22, 2025
Next Post
Osun Governorship : Tribunal Reserves Judgment In Oyetola , Adeleke Petition

Osun Governorship : Tribunal Reserves Judgment In Oyetola , Adeleke Petition

Bello Pays Condolence Visit To Kogi NUJ Chairman Over Wife’s Death

Bello Pays Condolence Visit To Kogi NUJ Chairman Over Wife's Death

10 Die In Lagos - Ibadan Expressway Crash

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

WBFA Trains 400 Nurses, Midwives On Use Of V-Scan Ultrasound Machines

WBFA Trains 400 Nurses, Midwives On Use Of V-Scan Ultrasound Machines

2 years ago
Ododo Came Right On Time To Rescue Kogi From Stagnation, Underdevelopment, Says Media Aide, Isah

Gov. Ododo Media Aide Offers Youth Corps Member Permanent Job At LugardTV

5 months ago
NERC Imposes N10.5bln Fine On 11 DISCOS For Over Billing Unmetered Electricity Consumers

NERC Fines AEDC ₦200mln For Violating Order On New Tariff

2 years ago
49 Dead, 41,344 Others Displaced By Floods In Adamawa, Taraba, Jigawa – NEMA

49 Dead, 41,344 Others Displaced By Floods In Adamawa, Taraba, Jigawa – NEMA

1 year ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu US
No Result
View All Result

Highlights

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

‎IMPI Revises Inflation Rate Projection To 14% From 17% For December

National Orthopedic Hospital Jalingo Signs MoU With Police Health Maintenance Limited

Former Kogi Senator In Trouble Over Attempts To Scuttle Appointment Of Amupitan As INEC Chairman, Action Raises Dust Among Kinsmen

Three INEC Officials Going For November 8 Anambra Governorship Election Kidnapped In Kogi

Amid Worsening Insecurity, Kwara Closes 45 Public Schools

Trending

Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman
Politics

Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

by Vital News
October 23, 2025
0

Northern stakeholders of the Peoples Democratic Party (PDP) have formally endorsed Kabiru Tanimu Turaki, SAN, as consensus...

Trailer Crushes Female University Lecturer To Death In Lokoja

Trailer Crushes Female University Lecturer To Death In Lokoja

October 23, 2025
Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

October 22, 2025
FG Cancels Independence Anniversary Parade

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

October 22, 2025
‎IMPI Welcomes First Interest Rate Cut In Five Years, Says CBN Decision Aligns With Its Projection

‎IMPI Revises Inflation Rate Projection To 14% From 17% For December

October 22, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman October 23, 2025
  • Trailer Crushes Female University Lecturer To Death In Lokoja October 23, 2025
  • Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund October 22, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In