- Recovers N75bn revenue earnings
BY COBHAM NSA, ABUJA – With mounting pressure from the public space, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is set on a collision course with political office holders over their present ‘jumbo’ pay packages
This follows the Commission’s declaration of its resolve to review existing remuneration structure in 2020 to reflect current economic realities in the country.
Already, work on the planned review is expected to start in the first quarter of the new year, even as the Commission disclosed that over N75 billion has been recovered from revenue collecting agencies working for Federal Inland Revenue Service (FIRS) and Nigerian Customs Service (NCS)
Against the backdrop of dwindling revenue profile of government at all levels, there has been public outrage over the remunerations of elected representatives and political office holders, which many insist are quite outrageous given the current economic realities in the country.
Chairman of the Commission, Engineer Elias Mbam, who dropped the hints at the just-concluded management and Commissioners’ retreat in Lagos, however stopped short of specifying the audited agencies that include banks as the first choice revenue collecting agents for both FIRS and NCS.
Offering insight on the recovery exercise, Engineer Mbam said RMAFC has “carried out reconciliation and verification of revenue collections from revenue collecting agencies on behalf of the Federal Inland Revenue Services and Nigerian Custom Service. Over N75billion has been recovered in this process. The commission shall intensify its efforts in this regard.”
He said given the worrying activities of some revenue collecting agents, the Commission has a mandate to evolve “a workable mechanism to block revenue leakages, diversion of funds and recover unremitted revenues.”
On the Commission’s moves to review remunerations of political office holders in 2020, Mbam said all necessary steps would be taken to address existing misgivings by members of the public.
There has been sustained resentment in the public space against the remuneration of political office holders, especially the National Assembly members and other political appointees with critics maintaining that such packages were not only grossly offensive but unsustainable in the face of debilitating hardship and disturbing welfare issues affecting the ordinary Nigerians.
Though the Commission has not hidden its strong commitment to deliver a reviewed salary packages for political office holders, it has been caught in the web of managing agitations for obvious slash of these perceived jumbo remuneration and sustaining the present structure.