The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has inaugurated the committee saddled with the responsibility of reviewing the Remuneration Act 2008.
Chairman of the organisation, Elias Mbam, set the committee in motion on Wednesday, June 12.
The Remuneration Act of 2008 prescribes the salaries and allowances for political, public and judicial office holders.
According to a statement made available by the Head of Public Relations of RMAFC, Ibrahim Mohammed, Mbam urged the committee to be conscious of the prevailing economic situation and the need to reduce cost of governance so as to free more funds for development.
He charged the committee to undertake wide consultations with all critical stakeholders including all arms of government of the federation, the national and state assemblies, state and local governments, professional economic bodies, the organised labour, the academia, the media and the Nigerian public in general so as to enrich the process.
He reminded the committee members of the need to ensure that the review effectively minimised wastages and abuses and ensured prudent management of resources as well.
The committee is expected to holistically review the existing Remuneration Act; identify areas of wastages and abuse, examine the implementation of the monetisation policy by Ministries, Departments and Agencies and advise on appropriate remuneration for political, public and judicial officers commensurate with the work they do.
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