The Revenue Mobilisation Allocation and Fiscal Commission has proposed the creation of a National Revenue Dashboard to connect with all government revenue-generating agencies.

According to RMAFC, the dashboard aims to enable real-time digital tracking of revenue inflows, improving transparency and enhancing fiscal management across the country.

It also called for a framework that will enable a review of revenue allocation formula statutorily every five years.

The proposals were outlined in a communiqué issued at the end of a three-day retreat for members and management staff of the Revenue Mobilisation Allocation and Fiscal Commission.

The retreat, held at Ibom Hotel and Golf Resort in Uyo, Akwa Ibom State, focused on the theme “Understanding the Role of Revenue Mobilisation Allocation and Fiscal Commission and Other Stakeholders/Agencies in Nation Building.”

The communiqué, signed by the Chairman of the Commission, Muhammed Shehu, and the Secretary, Joseph Okechukwu, was presented by Hon. Ismail Agaka, Chairman of the Commission’s Public Affairs and Communication Committee.

Part of the communique read, “The commission should establish a National Revenue Dashboard that will interface with all the revenue generating agencies for digital real-time monitoring of revenue inflows from them.

“The RMAFC should put in place mechanisms to enhance its function in the area of fiscal management as it relates to advisories on revenue, expenditures and debt management.”

The Commission, in the communiqué, also advocated for a mandatory review of the revenue allocation formula every five years, in accordance with constitutional provisions.

It further recommended an amendment to Section 162(2) of the Constitution to specify a clear timeframe within which the President must present RMAFC’s proposal on the revenue allocation formula to the National Assembly after receiving it.

The Commission also urged a constitutional amendment to include local government chairmen and councillors among the beneficiaries of the remuneration package outlined in the 1999 Constitution of the Federal Republic of Nigeria, as amended.

RMAFC stated, in the communique, “Section 162(6) of the constitution should be amended to ensure that the allocations of the local governments are paid directly to them from the Federation Account in line with the Supreme Court ruling delivered on July 11th, 2024 on local government financial autonomy.

“The commission should advocate for the amendment of relevant section of PIA to enable the expansion of the present Board of the Nigeria National Petroleum Company Limited to include the representatives of some major stakeholders, such as the state, local government, CBN, etc..”