July 22, 2025

The House of Representatives Committee on Finance has adopted the 2025 Appropriation Bill of N105.14 billion for the operations of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

The committee adopted the bill during a budget hearing with RMAFC management, led by its Chairman, Mr Mohammed Shehu, on Tuesday in Abuja.

Presenting the budget, Shehu said N20.6 billion was allocated for personnel costs, while N8.9 billion was earmarked for overhead expenses.

He stated that N75.5 billion, representing 71.8 per cent of the total, was designated for capital projects.

Shehu commended the committee for spearheading the recent amendment of the RMAFC Act, saying it had enhanced the commission’s effectiveness.

Committee Chairman, Rep. James Faleke (APC–Lagos), said the committee reviewed the estimates and was satisfied with the proposed budget.

He assured that the committee would, through its oversight role, monitor full implementation of the budget.

Faleke noted the National Assembly would commence its annual recess this week and expected 30 to 40 per cent budget implementation upon resumption.

Following adoption, the bill will be sent to the Committee of the Whole for third reading and onward transmission to President Bola Tinubu for assent. (NAN)