Nigeria’s political office holders
will likely get pay slash as the Revenue Mobilisation Allocation and
Fiscal Commission (RMAFC) commences the review of the existing
remuneration law to align with current realities of government’s
dwindling revenue, par- ticularly oil.
The commission said Wednesday that in
carrying out the exercise, it would keep in mind the prevailing
economic situation and the need to reduce burgeoning cost of
governance so as to free more funds for development.
The
review of the Act of 2008 comes at a time that President Muhammadu
Buhari has signalled he would cut, not only his salary, but also for
other elected government officials and appointees
.
RMAFC,
which prescribes salaries and allowances for political, public and
judicial office holders in line with its constitutional mandate, works
with the existing Remuneration Act of 2008 to discharge these duties.
Elias Mbam, chairman of the commission,
inaugurated the members of the remuneration review committee on
Wednesday, and urged them “to be conscious of the prevailing economic
situation and the need to reduce cost of governance so as to free more
funds for development.”
According to a statement from the
commission, the committee is expected to holistically review the
existing Remuneration Act; identify areas of wastages and abuse,
examine the implementation of the Monetization Policy by MDAs and
advise on appropriate remuneration with the work they do.
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