Maryam Aminu
In a move that underscores the critical role of fiscal governance in Nigeria’s economic stability, the Secretary to the Government of the Federation (SGF), Sen. George Akume, on Tuesday, February 25, 2025, paid an official visit to the headquarters of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) in Abuja.
The visit, which coincided with the inaugural plenary meeting of the newly sworn-in Federal Commissioners, reinforced the administration’s commitment to strengthening fiscal policies, boosting revenue generation, and ensuring equitable distribution of national wealth.
Welcoming the SGF, the Chairman of RMAFC, Dr. Mohammed Bello Shehu, reaffirmed the Commission’s pivotal role in Nigeria’s economic governance.
He emphasized that as a constitutional body, RMAFC plays a crucial role in ensuring fair and transparent revenue allocation across the federal, state, and local governments.
“This occasion provides a unique opportunity for direct engagement between the Commission and the highest coordinating office of the Federal Government,” Dr. Shehu stated.
“RMAFC remains committed to fiscal efficiency, revenue expansion, and supporting the Renewed Hope Agenda of President Bola Ahmed Tinubu.”
In his address, Sen. George Akume praised Dr. Shehu for his transformative leadership at RMAFC and congratulated the newly appointed Commissioners.
He highlighted the Commission’s critical function in national financial stability and called on them to work diligently in fulfilling their responsibilities.
“The Tinubu administration is committed to implementing bold fiscal reforms, diversifying revenue sources, and enhancing economic policies to reposition Nigeria for sustainable growth,” Akume stated. “The removal of fuel subsidies, exchange rate unification, and ongoing tax reforms are crucial steps toward fiscal stability. However, these policies will only succeed if institutions like RMAFC execute their mandates effectively.”
The SGF urged the Commission to focus on strengthening revenue monitoring, curbing financial leakages, prioritizing non-oil revenue generation, and expediting the review of the revenue allocation formula.
He emphasized the need for synergy between RMAFC, the National Assembly, the Ministry of Finance, and other key stakeholders to align with the administration’s economic transformation agenda.
“The nation expects results, and I am confident that this team will fulfill its responsibilities with diligence and excellence. Your work will shape the financial future of Nigeria, and together, we will build a stronger and more self-sufficient economy,” Akume added
In his vote of thanks, Hon. Ismail Mohammed Agaka, the Federal Commissioner representing Kwara State, expressed appreciation for the SGF’s visit, describing it as a significant step toward reinforcing collaboration between RMAFC and the Presidency.
“This visit has reinforced the synergy between RMAFC and the Presidency. We assure you of our unwavering commitment to national development and alignment with the administration’s policy direction,” he stated.
As Nigeria navigates economic reforms and revenue diversification efforts, the visit of the SGF to RMAFC signals a renewed focus on fiscal accountability, revenue growth, and economic transformation an agenda set to define the country’s financial future.
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