Abuja, Feb. 25, 2025 – George Akume, the Secretary to the Government of the Federation (SGF) on Tuesday directed the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) to expand revenue sources of government and curb revenue leakages.
He urged the commission to ensure that every naira due to the Federation Account is well accounted for.
Akume gave the directive during the inaugural plenary session of the RMAFC held after the swearing-in of newly appointed federal commissioners.
He advised the commission to strengthen its revenue monitoring machinery to ensure that all revenue-generating agencies comply with collection and remittance laws.
The SGF urged the commission to prioritise non-oil revenue generation from solid minerals, taxation, and other sectors to reduce reliance on crude oil earnings.
Akume also directed the commission to expedite the review of the current revenue allocation formula.
He expressed regret over the delay in the review of the revenue allocation formula carried out two decades ago. The SGF said a new equitable formula was needed to ensure national economic stability and development.
