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RMAFC Advocates Efficient Resource Allocation to Drive Sustainable Economic Growth
Joel Ajayi
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has called for a major shift in Nigeria’s fiscal governance, urging policymakers to move beyond revenue generation and focus on efficient resource allocation, transparency, and accountability as critical drivers of sustainable economic growth and national development.
The call was made at a Stakeholders’ Strategic Retreat organised by the Commission in collaboration with the House of Representatives Committee on Finance at the Sheraton Hotel, Ikeja, Lagos. The retreat was themed: “Beyond Collection: Revenue Mobilisation for Economic Growth – Building Strategies for Efficient Resource Allocation.”
Speaking on behalf of the Chairman of RMAFC, Dr. Mohammed Bello Shehu, OFR, the Federal Commissioner representing Oyo State, Hon. Kolade Daniel Abimbola, described the retreat as a strategic platform for reviewing Nigeria’s fiscal landscape and identifying practical measures to strengthen domestic revenue mobilisation while improving the allocation of public resources across all tiers of government.
He acknowledged the progress made in expanding non-oil revenue through reforms, institutional strengthening, and digitalisation but stressed that greater efforts were needed to improve compliance, eliminate leakages, and deepen collaboration among relevant institutions.
According to him, the country’s development aspirations cannot be achieved through revenue collection alone but by ensuring that public funds are judiciously managed and invested in sectors capable of stimulating economic growth and improving citizens’ welfare.
“The conversation must now move beyond simply collecting revenue. Every naira mobilised must be efficiently allocated, prudently managed, transparently accounted for and strategically invested in sectors that stimulate economic growth, create jobs and improve the welfare of Nigerians. That is the pathway to sustainable national development,” Abimbola said.
He reiterated RMAFC’s constitutional mandate to monitor accruals into and disbursements from the Federation Account, review the Revenue Allocation Formula, and advise governments on fiscal efficiency.
Abimbola further advocated stronger collaboration among fiscal institutions, the legislature, state governments, and the private sector, noting that the adoption of emerging technologies such as Artificial Intelligence, data analytics, and digital monitoring systems would improve transparency, reduce leakages, and strengthen evidence-based fiscal decision-making.
Declaring the retreat open on behalf of the Commission’s Chairman, he expressed optimism that the engagement would produce practical recommendations capable of strengthening Nigeria’s fiscal governance framework and supporting long-term economic development.
In his keynote remarks, the Chairman of the House of Representatives Committee on Finance, Hon. James Abiodun Faleke, commended RMAFC for convening the retreat, describing it as timely and aligned with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Faleke stressed that increased revenue alone would not guarantee development unless accompanied by prudent allocation, effective oversight, and fiscal discipline.
“Revenue, on its own, does not build roads, equip hospitals or improve the lives of our people. It is prudent allocation, effective oversight and fiscal discipline that transform public resources into tangible development outcomes. Our responsibility is to ensure that every naira works for the Nigerian people,” he said.
He urged participants to develop practical recommendations that would strengthen legislative oversight, improve fiscal management, and ensure that public resources deliver measurable benefits to Nigerians.
Speaking with journalists on the sidelines of the retreat, Abimbola disclosed that RMAFC is advancing plans to deploy a real-time digital revenue monitoring dashboard to strengthen oversight of collections by government revenue-generating agencies.
He explained that the initiative would enhance transparency, curb revenue leakages, improve remittance monitoring, and support better fiscal decision-making while ensuring that increased public revenue translates into improved infrastructure and social services.
Also speaking, the Federal Commissioner representing Abia State, Hon. Linda Nkechi Oti, described the retreat as timely and called for stronger collaboration among stakeholders to develop practical solutions that would improve fiscal governance and accelerate Nigeria’s economic development.
The retreat featured technical sessions and panel discussions on strengthening domestic revenue mobilisation, improving resource allocation frameworks, promoting fiscal sustainability, and leveraging technology to enhance transparency and accountability in public financial management.
Among the Federal Commissioners in attendance were Amb. Desmond Akawor (Rivers State), Hon. Hadizatu Uwani Mustapha (Borno State), Hon. Bello Abubakar Wamakko (Sokoto State), Prof. Steve Ugba (Benue State), Hon. Kolade Daniel Abimbola (Oyo State), and Hon. Linda Nkechi Oti (Abia State).
The Commission expressed confidence that the retreat would produce actionable recommendations to strengthen Nigeria’s revenue mobilisation framework, promote fiscal discipline, improve resource allocation, and drive sustainable economic growth.
News
DNKI President Champions Humanitarian Service, Sustainable Community Development
Cyril Samania
The President of De Norsemen Kclub International (DNKI), Chief Oliver Patrick Ityohegh, has reaffirmed the organisation’s commitment to humanitarian service, stressing the importance of supporting vulnerable people and improving community welfare beyond the annual celebration of Humanitarian Day.
Ityohegh stated this during the organisation’s Cauldron Night and Award Presentation held to commemorate its 2026 Humanitarian Day celebration, theme: “Humanity First: Advancing Hope, Dignity and Community Well-being.” organised by the DNKI Abuja Chapter.
He emphasised that humanitarian service should be a continuous responsibility driven by compassion, solidarity and a commitment to making a meaningful difference in society.
According to him, DNKI’s humanitarian activities reflect its dedication to giving back to society and supporting people in need, while encouraging members to sustain initiatives that promote human dignity and community well-being.
He added that the organisation would continue to strengthen its humanitarian engagements through practical interventions aimed at improving the lives of vulnerable people and promoting community development.
Speaking at the event, the representative of the Abuja Chapter Chairman and Chairman of its Advisory Council, Prince Efiong Okpe, said the organisation’s humanitarian activities extended beyond the annual celebration of Humanitarian Day on October 15.
Okpe explained that DNKI undertook several initiatives throughout the year, including blood donation exercises, visits to hospitals and correctional centres, as well as support for orphanages and other vulnerable groups.
According to him, the organisation also collaborated with humanitarian bodies in the Federal Capital Territory (FCT) to identify areas of need and provide assistance within its available resources.
He described Humanitarian Day as an opportunity for members to renew their commitment to service and demonstrate solidarity with people facing difficult circumstances.
Earlier, the Chairman of the Planning Committee and Coordinator of the DNKI Gwagwalada Zone, Mr Etudaiye Hamzat, disclosed that the chapter had provided financial assistance to some members to help pay their children’s school fees, alongside distributing bags of rice and other relief items to members experiencing hardship.
Hamzat explained that the interventions followed concerns over the difficulties some members faced in meeting their family responsibilities, particularly the rising cost of their children’s education.
He maintained that supporting members in need was consistent with the organisation’s humanitarian principles, adding that DNKI remained committed to extending assistance to non-members and vulnerable communities as part of its commitment to leading by example.
Looking ahead, Hamzat said the Abuja Chapter planned to expand its humanitarian outreach to remote communities within the FCT, with particular attention to orphanages, schools and widows facing difficulties in meeting their family responsibilities.
He also recalled previous interventions for internally displaced persons (IDPs), which included the distribution of food, clothing and educational materials, noting that the chapter intended to scale up such initiatives in the coming year.
The highlight of the event was the presentation of awards to outstanding members and distinguished non-members in recognition of their contributions to humanitarian service.
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