RMAFC pledges collaboration with NEITI to improve transparency in revenue generation

By Obas Esiedesa, Abuja

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.

The Chairman of RMAFC, Dr. Mohammed Bello Shehu, made the commitment on Friday when the NEITI Executive Secretary, Hon. Musa Sarkin Adar, led a delegation on a courtesy visit to the Commission’s headquarters in Abuja.

In a statement issued by RMAFC’s Head, Information & PR Unit, Maryam Yusuf, Shehu described the relationship between RMAFC and NEITI as longstanding, strategic and mutually beneficial, stressing the need to strengthen the partnership in the interest of improved revenue generation and management of Nigeria’s natural resources.

“RMAFC is delighted to receive the Executive Secretary and his delegation. Our relationship with NEITI is longstanding, strategic and mutually beneficial. We value NEITI’s work in promoting transparency and accountability in Nigeria’s extractive sector, and we are committed to deepening this partnership,” he said.

The RMAFC Chairman commended NEITI for providing credible information on the operations and financial flows of the extractive industries, saying its activities had enhanced public understanding of the sector and strengthened accountability in the management of the country’s natural resources.

He said NEITI had earned a strong reputation through its efforts to uncover facts, reconcile information and promote openness in the extractive sector.

Shehu also acknowledged the support of NEITI’s international partners and called for continued efforts to strengthen the agency’s capacity in information gathering, data verification, revenue transparency and accountability.

He assured NEITI of RMAFC’s continued support and willingness to collaborate in areas including data sharing, research, revenue monitoring and policy engagement.

The Chairman also congratulated Adar on his appointment as NEITI Executive Secretary, describing it as well deserved and expressing confidence in his ability to provide effective leadership.

In his remarks, Adar described the relationship between NEITI and RMAFC as a long-standing partnership founded on a shared commitment to transparency, accountability and improved revenue mobilisation.

“The relationship between NEITI and RMAFC is not new. It is a partnership built over time, and we must now take it to a higher level,” he said.

The NEITI Executive Secretary pointed at RMAFC’s role in monitoring revenues accruing to the Federation Account and advising on measures to improve revenue collection and accountability, particularly in relation to Nigeria’s natural resources.

He said reliable information on revenues generated from oil, gas and mining activities was essential for effective fiscal management, public accountability and informed decision-making.

According to him, NEITI’s independent reconciliation of financial and physical flows in the extractive industries provides valuable data on revenues, payments, production, exports and company activities.

“NEITI’s reports can support RMAFC’s work in revenue monitoring, verification, policy analysis and the development of measures to improve revenue mobilisation,” Adar said.

He further noted that Nigeria’s participation in the ongoing 2026 Extractive Industries Transparency Initiative (EITI) implementation under the 2023 EITI Standard presented an opportunity for the country to demonstrate measurable progress in strengthening governance across the extractive industries.

Adar said the standard’s focus on data reliability, systematic disclosure, transparency of revenue flows and institutional collaboration aligned closely with RMAFC’s mandate and provided opportunities for deeper cooperation between both institutions.

The NEITI boss also called for stronger collaboration among NEITI, RMAFC and other relevant institutions in data sharing, revenue mobilisation, research, capacity building and policy dialogue.

“Our objective should be to build a more coordinated institutional framework for revenue assurance and resource governance. By working together, NEITI and RMAFC can strengthen oversight and support evidence-based policymaking,” he said.

The post RMAFC pledges collaboration with NEITI to improve transparency in revenue generation appeared first on Vanguard News.