In a decisive move to shore up Nigeria’s revenue base, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has teamed up with the Federal Inland Revenue Service (FIRS) to launch a nationwide revenue recovery initiative aimed at reclaiming unremitted funds owed to the Federation Account.
The collaboration was formally inaugurated on Monday in Abuja, where both agencies unveiled a team of consultants tasked with tracking and recovering outstanding revenues across various sectors.
RMAFC Chairman, Dr. Mohammed Shehu, described the initiative as a targeted, strategic response to persistent revenue leakages, designed not just as an administrative formality but as a game-changing step towards better fiscal discipline.
“This exercise is not a routine administrative action,” Shehu stated. “It is a deliberate, result-oriented innovation designed to strengthen fiscal governance and ensure every recoverable naira due to the federation is transparently remitted.”
He emphasised that the move aligns with President Bola Tinubu’s Renewed Hope Agenda, noting that enhanced fiscal responsibility at all levels of government is critical to national development.
“In line with our constitutional mandate and with the support of Mr. President and the FIRS, this spatial recovery effort will identify and recover unremitted revenues hiding in plain sight across sectors of the economy,” he added.
Also speaking at the event, FIRS Chairman, Dr. Zacch Adedeji—represented by the agency’s Coordinating Director, Mr. Shettima Tamadi—praised RMAFC’s leadership for taking the bold step.
“Nigeria has a huge revenue gap,” Adedeji said. “But with stronger collaboration between key agencies and partners, we can bridge that gap and set the country on a path of sustainable fiscal growth.”
Secretary to the Commission, Mr. Joseph Okechukwu, called on the engaged consultants to carry out the assignment with urgency and integrity, noting that they have just six months to complete the task.
He urged them to ensure that every identified recoverable sum is duly returned to the Federation Account, saying: “This is not just about money—it’s about national progress.”
Responding on behalf of the consulting firms, Mr. Temitayo Ojeleke accepted the assignment as a patriotic duty.
“We accept this assignment as partners in Nigeria’s economic renewal,” Ojeleke said. “We are ready to deliver results that will strengthen the nation’s revenue base, and we commit to transparency, professionalism, and measurable outcomes.”
With this inauguration, both RMAFC and FIRS are sending a clear message: accountability is no longer optional, and every naira owed to the Federation must be accounted for.
NAN
