The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Elias Mbam, revealed that a review of the remuneration of political and judiciary officeholders has commenced.
The RMAFC chairman made this revelation on Saturday at Amagu community in Ikwo LGA of Ebonyi, during the seventh ‘Ofala’ festival and 30th anniversary of the coronation of Ezeogo Aloh, Erima-Ogwudu III of Amagu kingdom where Mbam himself was conferred with a chieftaincy title of ‘Aka Ekpuchi Onwa II’ by the traditional ruler on Saturday.
Speaking to journalists after the ceremony, the RMAFC chairman stated by the end of the year, something concrete would be arrived at with regards to a proper review of the remunerations.
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He, however, refused to specify if the review will reflect an increase or decrease.
Mbam added that a public hearing will soon be held for Nigerians to contribute to the process.
‘One of the major responsibilities of our commission is to determine remunerations appropriate for political and judicial office holders,’ he said.
‘In doing that, the financial situation of the country, at any given time, is taken into consideration, including inflation and the country’s Gross Domestic Product (GDP), among others.
‘The commission, being conscious that a lot has happened since the last review, has commenced the process of another review to reflect the changing realities.
‘We have progressed and we believe that before the end of 2021 something concrete will happen. It is a process and the process at the end determines what it will be. When we go through the process, if it comes out to be increase, we increase; if it is decrease, we do it.’
AFRICA TODAY NEWS, NEW YORK