Stephen Ukandu, Umuahia
The Nigerian Senate has approved a total budget of N105,140,926,744.08 for the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) for the 2025 fiscal year.
A breakdown of the budget shows the following allocations:
- Personnel Cost: N20,636,277,973.19
- Overhead Cost: N8,949,992,489.81
- Capital: N75,554,656,281.08
The budget is in accordance with the RMAFC Act, 2025, and represents 0.5% of the non-oil Federation Revenue as approved by the National Economic Council (NEC) in December 2024.
The approval followed the presentation of the report by Senator Yahaya Abdullahi, Chairman of the Senate Committee on National Planning and Economic Affairs.
