{"id":142132,"date":"2024-12-12T21:47:56","date_gmt":"2024-12-12T20:47:56","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nec-okays-0-05-salary-increment-for-rmafc"},"modified":"2024-12-12T22:52:18","modified_gmt":"2024-12-12T21:52:18","slug":"nec-okays-0-05-salary-increment-for-rmafc","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nec-okays-0-05-salary-increment-for-rmafc","title":{"rendered":"NEC okays 0.05% salary increment for RMAFC"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The National Economic Council, NEC meeting chaired by Vice President Kashim Shettima, on Thursday, approved a marginal increase of 0.05% in the emoluments of workers under the Revenue Mobilization Allocation and Fiscal Commission, RMAFC.<\/p>\n

Anambra State Governor, Charles Soludo who revealed the latest development while briefing State House Correspondents, said the Commission had requested for 0.75% hinging it on the enormity of its job as an institution.<\/p>\n

He explained that the Commission has been directed to forward a bill for the review to the National Assembly.<\/p>\n

As the name implies, RMAFC mobilises funds and allocates same to states to meet their developmental needs.<\/p>\n

Soludo said, \u201cAmong the issues discussed at today\u2019s NEC was the presentation of a report in respect of an earlier presentation by the chairman of the Revenue Mobilization Allocation and Fiscal Commission to NEC on the 21st of November, 2024 seeking essentially revised or repeal the existing Act of Parliament establishing the Commission and to replace it with a new one.<\/p>\n

\u201cThen it is also seeking for revision, I mean a review about alternative funding to the institution. So the report elaborately noted the very onerous responsibilities of RMAFC as a very beautiful institution in the functioning of the Federation and noted the inadequate funding for this institution to be able to perform its tasks.<\/p>\n

\u201cNEC also noted the draft repeal and replace legislation that was also pending and after deliberating on this, the Council noted and approved as follows. First is that RMAFC should forward the draft bill to the National Assembly for consideration and passage into law.<\/p>\n

\u201cThe Council also approved the recommendation for improved funding for RMAFC and approved that the Commission be funded with 0.05% non-oil federation revenue based on the proposed tax reforms and subject to further scrutiny by the National Assembly. I know the Commission had requested for 0.75% but in the wisdom of NEC, it was awarded 0.05% of course, subject to review by the National Assembly\u201d.<\/p>\n

For More News And Analysis About Nigeria<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The National Economic Council, NEC meeting chaired by Vice President Kashim Shettima, on Thursday, approved a marginal increase of 0.05% in the emoluments of workers under the Revenue Mobilization Allocation and Fiscal Commission, RMAFC. Anambra State Governor, Charles Soludo who revealed the latest development while briefing State House Correspondents, said the Commission […]<\/p>\n","protected":false},"author":84,"featured_media":142131,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[667,254,1264],"class_list":["post-142132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-nec","tag-nigeria","tag-rmafc"],"yoast_head":"\nNEC okays 0.05% salary increment for RMAFC - Nigeria<\/title>\n<meta name=\"description\" content=\"The National Economic Council, NEC meeting chaired by Vice President Kashim Shettima, on Thursday, approved a marginal i ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nec-okays-0-05-salary-increment-for-rmafc\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NEC okays 0.05% salary increment for RMAFC\" \/>\n<meta property=\"og:description\" content=\"The National Economic Council, NEC meeting chaired by Vice President Kashim Shettima, on Thursday, approved a marginal i ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nec-okays-0-05-salary-increment-for-rmafc\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-12T20:47:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-12T21:52:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/12\/sm_1734027710.26458.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nec-okays-0-05-salary-increment-for-rmafc#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nec-okays-0-05-salary-increment-for-rmafc\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NEC okays 0.05% salary increment for RMAFC\",\"datePublished\":\"2024-12-12T20:47:56+00:00\",\"dateModified\":\"2024-12-12T21:52:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nec-okays-0-05-salary-increment-for-rmafc\"},\"wordCount\":340,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nec-okays-0-05-salary-increment-for-rmafc#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/12\/sm_1734027710.26458.jpg\",\"keywords\":[\"NEC\",\"Nigeria\",\"RMAFC\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nec-okays-0-05-salary-increment-for-rmafc#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nec-okays-0-05-salary-increment-for-rmafc\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nec-okays-0-05-salary-increment-for-rmafc\",\"name\":\"NEC okays 0.05% salary increment for RMAFC - 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