The Senate on Wednesday approved a total of ₦105,140,926,744.08 as the 2025 budget for the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC).
The approval aligns with the Commission’s funding plan as stipulated in the Revenue Mobilization, Allocation and Fiscal Commission Act, 2025, and the 0.5% of non-oil Federation Revenue endorsed by the National Economic Council (NEC) in December 2024 to support the Commission’s financial needs across all three tiers of government.
A breakdown of the budget includes ₦20,636,277,973.19 for personnel costs, ₦8,949,992,489.81 for overhead expenses, and ₦75,554,656,281.08 for capital expenditure.
The approval was sequel to the presentation and consideration of the report of the Committee on National Planning and Economic Affairs by the Chairman, Senator Yahaya Abdullahi, APC, Kebbi North.
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Abdullahi said: “That the Senate do receive and consider the report of the Committee on National Planning and Economic Affairs on the 2025 Budget of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC).”
The Senate also confirmed the nomination of Senator Tijani Yahaya Kaura for appointment as a member representing the North-West Geo-Political Zone in the Governing Board of the South South Development Commission (SSDC).
The approval was sequel to the presentation and consideration of the report of the Committee on South South Development Commission by the Chairman, Senator Benson Konbowel, PDP, Bayelsa Central.
In his presentation, Konbowel said: “That the Senate do receive and consider the report of the Committee on South South Development Commission on the confirmation of the nomination of Senator Tijani Yahaya Kaura as member representing the North-West Geo-Political Zone in the Governing Board of the South South Development Commission (SSDC).”
