RMAFC ditches manual calculation, deploys software for revenue-sharing  

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) said it has developed software to enhance transparency in revenue general formulation and sharing amongst the three tiers of government. 

The RMAFC Chairman, Mr Mohammed Shehu, said this in an interview with the News Agency of Nigeria (NAN) on Sunday. According to him, the software will help the commission perform one of its major functions of reviewing the revenue allocation formula for the entire federation from time to time. 

With the software, the Commission said it is moving away from manual calculation of what each state and local government of the federation gets. 

While noting that technology is the way to go now for efficiency in government, the RMAFC Chairman said:  

He said that the commission also got data from relevant agencies like the Office of the Statistician-General of the Federation and the National Boundary Commission. 

In terms of revenue generation, Shehu said the commission was trying to also build a data bank whereby it could monitor revenue-generating agencies. According to him, the Commission should be able to see in real-time what comes into every agency’s system. 

He called for the cooperation of all revenue-generating agencies in the country in the commission’s effort to effectively ensure optimal deployment of government revenue.