The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Monday officially launched a nationwide revenue recovery exercise aimed at identifying and reclaiming unremitted funds owed to the Federation Account.
The initiative, tagged ‘Engaged Consultants for the Revenue Recovery Exercise,’ was inaugurated in Abuja in collaboration with the Federal Inland Revenue Service (FIRS) as part of efforts to strengthen Nigeria’s fiscal management system.
Speaking at the event, Mohammed Shehu, Chairman of RMAFC, said the exercise is designed to ensure that all recoverable revenues due to the federation are fully accounted for and transparently remitted.
“This exercise is not a routine administrative action, but a deliberate, result-oriented innovation to strengthen fiscal governance and ensure every recoverable naira due to the federation is transparently remitted,” Shehu said.
According to Shehu, the initiative aligns with President Bola Tinubu’s Renewed Hope Agenda, and seeks to plug revenue leakages, enhance transparency, and boost the fiscal capacity of the federal, state, and local governments.
He noted that the exercise, backed by the presidency and the FIRS, will help the commission fulfill its constitutional mandate of ensuring efficient revenue mobilisation and equitable distribution among the three tiers of government.
FIRS Pledges Collaboration
Also speaking at the inauguration, Zacch Adedeji, Executive Chairman of the FIRS represented by Shettima Tamadi, Coordinating Director at the service reaffirmed the agency’s commitment to collaborating with the RMAFC to achieve the goals of the recovery programme.
“Nigeria has a huge revenue gap, but with stronger collaboration between agencies and partners, we can bridge that gap and achieve sustainable fiscal growth,”
Adedeji said.
Consultants to Deliver in Six Months
In his remarks, Joseph Okechukwu, Secretary to the RMAFC, charged the engaged consultants to work diligently and deliver measurable results within the six-month timeline.
He stressed that the timely recovery of non-remitted revenues would provide critical support for national development priorities and help improve the government’s fiscal position.
Representing the consultants, Temitayo Ojeleke pledged professionalism, transparency, and accountability throughout the assignment, describing the engagement as a “national call to duty” to strengthen Nigeria’s revenue base.
About the Author
