FG launches data platform to monitor solid minerals revenue
The federal government has launched an independent data platform for the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to ensure timely and accurate reporting of solid minerals revenue across the states. The commission said the platform aims to eliminate discrepancies in figures submitted by government agencies and operators in the solid minerals sector. It explained […]
The federal government has launched an independent data platform for the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to ensure timely and accurate reporting of solid minerals revenue across the states.
The commission said the platform aims to eliminate discrepancies in figures submitted by government agencies and operators in the solid minerals sector.
It explained that the new system will serve as a reliable, discrepancy-free data source for verification, comparison and attribution of revenues generated from the solid minerals sector into the Federation Account.
Speaking in Abuja during a one-day sensitization exercise on the implementation of a new solid minerals data rendition template for effective revenue monitoring, the Chairman of RMAFC, Dr. Mohammed Bello Shehu—represented by Hon. Ibrahim Shettima, the Federal Commissioner representing Niger State—said the system was designed to close existing information gaps and promote transparency in revenue reporting.
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Dr. Shehu said, “It is imperative that the perceived discrepancies in the figures submitted by state governments and the Ministry of Solid Minerals Development as revenue from the solid minerals sector into the Federation Account be addressed through the use of a uniform solid minerals data rendition template.”
He explained that the template will clearly specify the scale of measurement used to report quantity, the actual location of production aside from the state, the company mining the mineral, and the rate at which it is sold per unit of measurement.
“This approach will improve accuracy and efficiency in the monitoring of revenues from the solid minerals sector,” he added.
Dr. Shehu emphasised that RMAFC’s mandate is constitutionally grounded, noting that “the Revenue Mobilisation Allocation and Fiscal Commission is empowered by paragraph 32(a) of Part I to the Third Schedule of the 1999 Constitution of the Federal Republic of Nigeria (as amended) to, among other things, monitor accruals to and disbursement of revenue from the Federation Account.”
He further stated that the Commission is responsible for identifying potential revenue sources, as well as lapses or discrepancies in remittances from all economic sectors.
“It is therefore the Commission’s duty to examine areas of potential, lapses, or discrepancies in revenue remittances into the Federation Account from all economic sectors, with the aim of advising the three tiers of government on appropriate ways to enhance their revenue,” he said.