RMAFC: Automation of Revenue Allocation Formulae and Monitoring System

Revenue Mobilization Allocation and Fiscal Commission is empowered to review from time to time, the revenue allocation formulae and principles in operation to ensure conformity with changing realities. The commission generates and analyzes data in determining the revenue allocation formula.

In order to enhance the accuracy, integrity and transparency of the process while reducing cost, redundancy and minimize human error, the commission requires information technology that will assist in addressing the challenges of monitoring remittances of revenue accruals into distributable account of the Federation.

This information technology otherwise known as the Revenue Allocation Formular and Monitoring System will connect relevant government agencies to revenue Mobilization Allocation platform.

Office Machines Nigeria Limited was engaged in this task because of its proven abilities in the past. The scope of the project was covered and deployed within the specified time.