The Revenue Mobilisation Allocation and Fiscal Commission has said that it is preparing selected officials for the process of reviewing the Horizontal Revenue Allocation Formula.
In a statement signed by the commission’s spokesman, Nwachukwu Christian, on Friday, it was noted that RMAFC was introducing software that would help in data collection on indices for the review process.
The statement read in part, “The Revenue Mobilisation Allocation and Fiscal Commission is set to roll out a proprietary software for the collection of data on the indices to be used for the horizontal Revenue Allocation Formula for the nation.” In the statement, the Chairman of the commission, Mohammed Shehu, noted that the selected officials of states and local governments, including area councils of the Federal Capital Territory, would be trained with an in-depth understanding and operation of the electronic platform that the commission would use in data collection as it prepares to review the indices for the Horizontal Revenue Allocation Formula for the nation.
The statement added, “The RMAFC chairman further stated that pursuant to its mandate to review the indices used for the Horizontal Revenue Allocation Formula from time to time in line with the changing realities, the Commission is deploying the latest information technology tools to minimize the human interface in indices data collection, thereby promoting objectivity, transparency, justice and equity in revenue allocation.
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