The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disclosed that a new Revenue Allocation Formula (RAF) will be ready before the end of 2021.
RMAFC made this disclosure on Monday in statement it issued in Abuja.
According to the Commission; “arrangements to fully commence the review of the Nation’s Revenue Allocation Formula (RAF) has been concluded.”
He said when completed “the review is targeted at equitable distribution of the accrued revenue into the Federation account to the three tiers of government.”