Equitable distribution of revenue to three tiers of govt from Federation account to be ready soon.

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) on Monday in Abuja disclosed that a new Revenue Allocation Formula (RAF) will be ready before the end of 2021.

According to the Commission; “arrangements to fully commence the review of the Nation’s Revenue Allocation Formula (RAF) has been concluded.”

The Commission said when completed “the review is targeted at equitable distribution of the accrued revenue into the Federation account to the three tiers of government.”

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