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RMAFC wants laws establishing Finance Ministry, FRSC, NIMASA, 29 others repealed

By Favour Nnabugwu

THE Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) wants the laws establishing the Federal Ministry of Finance, Nigeria Maritime Administration and Safety Agency (NIMASA), Federal Road Safety Commission (FRSC) and 29 revenue generating agencies repealed.

Adeosun
Finance Minister, Kemi Adeosun

The Commission in a letter to the National Assembly signed by the acting chairman, Mr. Shettima Umar Abba Gana stated that the laws establishing the 32 agencies were creation of the military and must be made to conform with democratic norms and practices.

According to the letter, “The laws establishing the agencies contravene the provisions of Sections 1(3) and 162(1&10) of 1999 Constitution of the Federal Republic of Nigeria (as amended).” The 29 other generating agencies are Federal Airports Authority of Nigeria (FAAN), National Agency for Food Drugs Administration and Control (NAFDAC), Corporate Affairs Commission (CAC), Securities and Exchange Commission (SEC), Nigeria Ports Authority (NPA), Bureau of Public Enterprises (BPE), National Broadcasting Corporation (NBC), Nigeria Immigration Service (NIS), Nigeria Communications Commission (NCC), Nigeria Deposit Insurance Corporation (NDIC) and Nigeria Security, Printing and Minting Corporation (NSPMC).

Others are Nigeria Export Processing Council, Federal Radio Corporation of Nigeria (FRCN), Nigeria Investment Promotion Council (NIPC), Nigeria Civil Aviation Authority (NCAA), Nigeria Postal Service (NPS), Nigeria Railway Corporation (NRC), Nigeria Social Insurance Trust Fund (NSITF), Nigeria Airspace Management Agency (NAMA), Nigeria Reinsurance (Nigeria-Re), Nigeria Environmental Standards and Regulatory Agency, National Clearing and Forwarding Agency, Nigeria Shippers Council, Nigeria Mining Corporation (NMC), National Sugar Development Agency, National Automobile Council (NAC), Nigeria Tourism Development Corporation, National Agency for Engineering Agency and Raw Materials Research and Development Council.

The agencies, according to the Commission, also administer assets such as land, seas, airwaves among others that belong to the Federation in addition to having operational presence across several states of the country. “These reasons are enough to justify that these agencies remit all their revenues to the Federation Account, and then submit their administrative/financial requirements to the National Assembly for appropriation,” the commission said.

RMAFC said it is not tenable for the agencies to be retaining their revenues and remitting only their operating surplus to the Consolidated Revenue Fund of the federal government on the basis of the provisions of the Acts establishing them.

 


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