President Muhammadu Buhari has inaugurated the board of the Revenue Mobilisation, Allocation and Fiscal Commission.
The President made Mr Elias Mbam the Chairman of the commission alongside thirty commissioners on Thursday at the Presidential Villa, Abuja.
The RMAFC is the body responsible for preparing the formula for sharing revenues among the three tiers of government in the country.
The body is also responsible for fixing the remuneration of political office holders as well as monitoring the revenues accruing to the federation account from revenue-generating agencies.