Arewa Think Tank urges Tinubu to add RMAFC to oil revenue order
The Arewa Think Tank has called on Bola Tinubu to include the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) in the implementation of his new executive order on oil and gas revenue remittance. The group commended Tinubu for signing the order, describing it as a bold move to increase transparency and accountability in the sector. They believe RMAFC’s inclusion would strengthen the credibility and effectiveness of the reforms. The group expressed optimism that this step would help protect government revenue and ensure fair distribution among all tiers of government.
What we know
- The Arewa Think Tank praised Bola Tinubu for signing an executive order on oil and gas revenue remittance.
- The order aims to boost national earnings, block leakages, and restore constitutional revenue entitlements.
- The group noted that RMAFC was not included in the implementation committee for the executive order.
- They appealed for RMAFC’s inclusion, citing its constitutional role in monitoring revenue accruals and disbursement.
- The group believes that including RMAFC would reinforce transparency, fiscal discipline, and public confidence in the reforms.
