The James Faleke led House of Representatives Committee on Finance has adopted the 2025 Appropriation Bill of N105.14 billion for Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) operations.
The committee gave the nod at a budget hearing session with the management of RMAFC in Abuja.
RMAFC’s Chairman, Mohammed Shehu
presenting the budget earlier, said that of the N105.14 billion, the sum of N20.6 billion is for personnel while the sum of N8.9 billion is for overhead.
The RMAFC boss further said that the sum of N75.5 billion which represented 71.8 per cent of the total budget was earmarked for capital estimates.
He commended the committee for championing the recent amendment of the RMAFC Act saying that it had positioned the commission to function better.
The Chairman of the committee, James Faleke (APC-Lagos) said that the committee had gone through the budget and was satisfied with the estimates.
He said that the committee, through its oversight function, will ensure full implementation of the budget.
Faleke disclosed that the Assembly will be going on its annual recess within the week noting that committee upon return, expects between 30 to 40 per cent implementation.
