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Buhari to receive revised revenue allocation formula by December, says RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says the review of the revenue allocation formula will be ready for presentation to President Muhammadu Buhari by the end of 2021.
The Chairman of the commission, Mr Elias Mbam, made this known while addressing newsmen in Abuja.
Mbam said the review was one of the major responsibilities of the commission and was last done in 1992, which was 28 years ago.
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