Economy News

Salaries Of Public Office Holders To Be Reviewed

Salaries Of Public Office Holders To Be Reviewed
  • PublishedApril 25, 2021

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has begun a review of the remuneration of political and judicial office holders.

Mr. Elias Mbam, chairman of the commission disclosed this on Saturday at Amagu community in Ikwo LGA of Ebonyi State, during the seventh ‘Ofala’ festival and 30th anniversary of the coronation of Ezeogo Aloh, Erima-Ogwudu III of Amagu kingdom.

According to the chairman, by the end of the year, something concrete would be arrived at. He added that a public hearing will soon be held for Nigerians to contribute to the process.

What is not clear however is if the review will reflect an increase or decrease.

Mbam said, “One of the major responsibilities of our commission is to determine remunerations appropriate for political and judicial office holders”.

“In doing that, the financial situation of the country, at any given time, is taken into consideration, including inflation and the country’s Gross Domestic Product (GDP), among others.

“The commission, being conscious that a lot has happened since the last review, has commenced the process of another review to reflect the changing realities.

“We have progressed and we believe that before the end of 2021 something concrete will happen. It is a process and the process at the end determines what it will be. When we go through the process, if it comes out to be increase, we increase; if it is decrease, we do it.”

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