RMAFC passes vote of confidence on Adeosun

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has thrown its weight behind the National Economic Council which passed a vote of confidence on the Minister of Finance, Mrs. Kemi Adeosun following persistent calls for her sack by vested interests.

It would be recalled that early last week the minister received pot shots from a cross section of Nigerians calling for her resignation or outright sack by the government on her alleged inability to revive the ailing economy.

In a press statement signed by Ibrahim Mohammed, the Commission’s Head of Public Relations, RMAFC commended the Finance Minister for instituting a regime of transparency and accountability in the management of the country’s finances in line with the vision of President Muhammadu Buhari’s administration.

In particular, the commission hailed the Finance Minister for the healthy synergy between the ministry and revenue regulatory and generating agencies which would go a long way in reducing revenue leakages and increase remittances into the Federation Account.

“More importantly, the Minister of Finance who doubles as the Chairman of the Federation Account Allocation Committee (FAAC) is generally appreciated by members of FAAC for her ingenuity in coming up with the budget support idea which provided additional funds to ensure that States meet their minimum financial obligations”.

The commission strongly believes that removing the minister at this critical time of economic recovery can only roll back the laudable reforms initiated by her and send wrong signals to the members of the international community.