RMAFC, FIRS Launch Revenue Recovery Exercise to Boost Fiscal Transparency

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), in collaboration with the Federal Inland Revenue Service (FIRS), has inaugurated a team of consultants to spearhead a nationwide revenue recovery exercise aimed at strengthening fiscal governance and plugging leakages.

The development was announced on Monday when the RMAFC Chairman, Dr. Mohammed Shehu, hosted the Special Adviser to the President on Revenue Matters and FIRS Chairman, Dr. Zacch Adedeji, at the Commission’s headquarters in Abuja for the formal inauguration ceremony.

In a statement signed by Maryam Yusuf, Head of Information and Public Relations at RMAFC, Dr. Shehu reaffirmed the Commission’s commitment to ensuring that all revenues due to the Federation are fully accounted for and remitted into the Federation Account.

“This exercise is not a routine administrative action but a deliberate, result-oriented innovation designed to strengthen fiscal governance and ensure every recoverable naira due to the Federation is transparently remitted,” he stated.

He explained that the engagement of consultants forms part of a strategic initiative to plug revenue leakages, enhance transparency, and boost the fiscal capacity of the three tiers of government, in line with President Bola Tinubu’s Renewed Hope Agenda.

Represented by Coordinating Director, Shettima Tamadi, Dr. Adedeji commended the RMAFC Chairman’s leadership and reaffirmed the FIRS’s commitment to inter-agency collaboration.

“Nigeria has a huge revenue gap, but with stronger collaboration between agencies and partners, we can bridge that gap and achieve sustainable fiscal growth,” he said.

Also speaking, Secretary to the Commission, Joseph Okechukwu, urged the consultants to work diligently and ensure the assignment is completed within the stipulated six-month timeframe, while ensuring all recoverable funds are returned to the Federation Account.

Delivering his acceptance speech, Lead Consultant, Temitayo Ojeleke, described the engagement as a national call to duty, pledging professionalism, transparency, and measurable results.

“We accept this assignment as partners in Nigeria’s economic renewal, ready to deliver results that will strengthen the nation’s revenue base,” he said.

The inauguration marks a major milestone in RMAFC’s drive to enhance inter-agency collaboration, improve accountability, and maximise revenue generation for the collective benefit of the Federation.