Chairman of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), Elias Mbam, said that the commission had begun reviewing the emoluments of political and judicial office holders.
Mbam disclosed this, on Saturday, at Amagu community in Ikwo local government area of Ebonyi, at the 7th \u201cOfala\u201d festival and 30th anniversary of the coronation of the traditional ruler, Ezeogo Dominic Aloh, Erima-Ogwudu III of Amagu Kingdom.
The\u00a0RMAFC\u00a0chairman, who was conferred with a chieftaincy title of \u201cAka Ekpuchi Onwa II\u201d by\u00a0the traditional ruler, told newsmen that a process to review the remuneration of political and judicial office holders was in progress.
He noted that the commission was saddled with the responsibility, hence it would soon conduct a public hearing on the issue, to allow the citizens contribute to the process.
\u201cOne of the major responsibilities of our commission is to determine remunerations appropriate for political and judicial office holders.
\u201cIn doing that, the financial situation of the country, at any giving time, is taken into consideration, including inflation and the country\u2019s Gross Domestic Product (GDP), among others.
\u201cThe commission being conscious that a lot has happened since the last review, have commenced the process of another review to reflect the changing realities.
\u201cWe have progressed and we believe that before the end of 2021 something concrete will happen,\u201d Mbam said.
He declined to confirm if the salary would be reviewed downward or upwards.
He said that the process was ongoing and would be influenced by a number of indices.
\u201cIt is a process and the process at the end determines what it will be; when we go through the process, if it comes out to be increase, we increase, if it is decrease we do it,\u201d he added.
Mbam, however, enjoined Nigerians to participate in the review, noting that there would be public hearings and invitations for memoranda from members of the public, including institutions under the three tiers of government.
The\u00a0RMAFC\u00a0boss spoke on the diversification of the\u00a0 nation\u2019s\u00a0economy, noting that the solid minerals sector had been contributing immensely to the\u00a0economy since his assumption of duty as chairman of the commission.
He said that the commission embarked on sensitisation and advocacy campaigns to all tiers of government, as well as across the 36 states of the federation, to encourage revenue diversification, which was yielding results.
\u201cBefore I came in, solid minerals was not contributing to the federation accounts, but now solid minerals is a major source of revenue, we want to focus more on that.
\u201cWe also want to make\u00a0agriculture, tourism and manufacturing, major contributors to our national revenue and we believe that it won\u2019t be long and we will be getting more revenue from diversification,\u201d he said.
Mbam said that the award, given to him, was a call to more responsibility, adding that the honour would spur him to contribute more to the development of the society.
He said that the \u201cOfala\u201d festival was very important because of its significance for cultural revivalism in Igbo society, explaining that anybody who lost his culture was equivalent to\u00a0 losing his identity.
\u25aa\ufe0e Report by NAN
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Chairman of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), Elias Mbam, said that the commission had begun reviewing the emoluments of political and judicial office holders. Mbam disclosed this, on Saturday, at Amagu community in Ikwo local government area of Ebonyi, at the 7th \u201cOfala\u201d festival and 30th anniversary of the coronation of the […]<\/p>\n","protected":false},"author":7,"featured_media":29080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[3299,3300,3301],"class_list":["post-33000","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-emoluments","tag-officials","tag-rmafc"],"_links":{"self":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/33000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33000"}],"version-history":[{"count":0,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/33000\/revisions"}],"wp:attachment":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}