Nigeria's RMAFC partners NEITI to boost transparency in revenue generation

Nigeria's Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) is set to strengthen its partnership with the Nigeria Extractive Industries Transparency Initiative (NEITI). The collaboration aims to foster greater transparency and accountability in how revenue is generated and managed within the country's vital extractive industries.

Dr. Mohammed Bello Shehu, the Chairman of RMAFC, announced the commission's commitment to deepening this working relationship. This move signifies a proactive step towards improving financial oversight and ensuring that revenues from the oil and gas sector, among others, are properly accounted for.

The partnership is expected to bring enhanced scrutiny to revenue streams, promoting better financial practices and potentially increasing the nation's earnings from its natural resources. Both organizations are committed to working together to achieve these goals.

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The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has pledged to deepen its collaboration with the Nigeria Extractive Industries Transparency Initiative (NEITI) to promote transparency, accountability and improved revenue mobilisation in Nigeria’s extractive industries.