We’ve informed Buhari of new draft revenue formula – RMAFC

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Everest Amaefule, Abuja

The Revenue Mobilisation Allocation and Fiscal Commission on Monday came close to confirming The PUNCH’s exclusive report that the Federal Government under two Presidents had frustrated the nation from getting the much sought-after new revenue formula.

In a statement made available to our correspondent in Abuja on Monday, the RMAFC confirmed that former President Goodluck Jonathan did not grant officials of the commission audience to present a draft new revenue formula, which was ready by December 2013.

It also said that the present administration headed by President Muhammadu Buhari had been informed of the draft document.

Our correspondent had reported that although the draft document had been handed over to both Buhari and Jonathan, the Presidency had not granted access to officials of the RMAFC to formally present the new formula to both presidents.

Punch Newspapers