The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) may soon unveil a new Revenue Allocation Formula (RAF) which will be ready before the end of 2021, NewsSpecng learnt.
RMAFC stated in a press statement it issued in Abuja.
According to the Commission; “arrangements to fully commence the review of the Nation’s Revenue Allocation Formula (RAF) have been concluded.”
He also added that when completed “the review is targeted at equitable distribution of the accrued revenue into the Federation account to the three tiers of government.”
