NEC Approves Marginal Pay Increase For RMAFC Workers

NEC Approves Marginal Pay Increase For RMAFC Workers

The National Economic Council (NEC) has approved a 0.05% marginal increase in workers’ emoluments under the Revenue Mobilization Allocation…READ MORE…

and Fiscal Commission (RMAFC). This decision was revealed by Anambra State Governor Charles Soludo while briefing State House correspondents on Thursday.

RMAFC had initially requested a 0.75% increment, citing the enormity of its responsibilities in mobilizing and allocating funds to states for developmental projects. However, NEC approved a reduced figure of 0.05%.

The Commission has been directed to draft a bill for the proposed review and present it to the National Assembly for legislative approval. The report noted the onerous responsibilities of RMAFC as a vital institution in the functioning of the Federation and highlighted inadequate funding as a major challenge.

NEC also approved improved funding for RMAFC, with the Commission to be funded with 0.05% non-oil federation revenue based on proposed tax reforms, subject to further scrutiny by the National Assembly.

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