Chairman of Revenue Mobilization Allocation and Fiscal Commission RMAFC, Chief Elias Mbam has revealed that the Federal Government has commenced the evaluation of remunerations of political office holders and judicial staff.
Chief Mbam made the disclosure during the weekend at Amagu community in Ikwo local government area of Ebonyi State, at the 7th Ofala festival and 30th anniversary of the coronation of the traditional ruler.
While stating that the Commission had begun reviewing the emoluments, Mbam also told newsmen that a public hearing on the issue would soon be conducted to allow the citizens to contribute to the process.
According to him, “One of the major responsibilities of our commission is to determine remunerations appropriate for political and judicial office holders.”
“In doing that, the financial situation of the country, at any giving 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.”
He however, explained that the Commission will not confirm whether the salaries would be reviewed upwards or downwards.
“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 increase, we increase, if it decreases we do it.’’ He stated.
Mbam, however, encouraged Nigerians to participate in the review, noting that there would be public hearings and invitations for memoranda from members of the public, including institutions under the three tiers of government.
The RMAFC boss, who also spoke on the diversification of Nigeria’s economy, noted that the solid minerals sector had been contributing immensely to the economy since his assumption of duty as chairman of the commission following the sensitization and advocacy campaigns to all tiers of government, to encourage revenue diversification.
He also said that the review of the emoluments of political office holders and judicial staffs would help address the concerns of Nigerians and various interest groups who feel that these political office holders are overpaid especially in this period of economic and revenue challenges.
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