A high powered delegation from the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is currently on scheduled visit to key revenue agencies of Federal Government preparatory to coming up with a revised revenue template authorised by President Muhammadu Buhari, New Telegraph has learnt. RMAFC’s team headed by the Acting Chairman, Shettima Umar-Abba Gana and commissioners of the Commission, including some senior top officials reportedly visited the management of Nigerian National Petroleum Corporation (NNPC), Nigeria Customs Service and Department of Petroleum Resources (DPR) in the last three weeks.
The Commission engaged top management of the agencies with a view to coming out with a new revenue template. An insider source with RMAFC told New Telegraph that the recent standoff experienced by Federation Account Allocation Committee (FAAC), which resulted in cancellation, postponements of May edition of FAAC was a huge embarrassment to government, leading to workers’ salaries being delayed for nearly a month.
He said as a custodian of revenue formula and coordinator of FAAC meetings, the onus lies on RMAFC to meet with all the eggheads of revenue generating agencies critical to FAAC with a view to coming up with a revised revenue template for FAAC. RMAFC’s Acting Chairman, Umar-Abba Gana, confirmed the development to New Telegraph.
“The Commission is currently going round. We have been to NNPC; we met with the Corporation’s top management two weeks ago. We have been to DPR; we were at the Customs a few months ago. We would be engaging Federal Inland Revenue Service (FIRS) soon. Of course we are on the board of FIRS. We already have our template. What is required is to improve on what we have.
“We will continue our engagement with these revenue agencies on the need to improve their revenue generation and the quantum of remittances to the federation account,” the RMAFC boss told New Telegraph. On controversy trailing NNPC portion of remittances to federation account which is constantly the root cause of FAAC logjam, Abba-Gana said the level of transparency of oil firm remittance has improved compared to what obtained in the past.
Nevertheless, he said there is a room for improvement. “NNPC is now more transparent, more responsive and more accountable compared to past regimes. We know this because of vantage position of the commission. However, there is room for improvement, and we told NNPC management when we met them two weeks ago; that they can do better,” he added. Asked how convinced was the commission on level of revenue remittances to federation account by agencies, Abba-Gana said records about revenue agencies contribution to FAAC are domicile in RMAFC.
“We are the backbone behind FAAC; we are responsible for post-mortem, we are responsible for technical session and we produce all items they debate at FAAC. We set up the committee with mandate to look at revenues and file report on them,” he said.
With recurring stalemate that characterise FAAC over issue on appropriate revenue remittances by NNPC and others, President Buhari, last month, directed that a new revenue template be generated for revenue generating agencies’ remittances to the federation account.