The long awaited draft report on the proposed new revenue allocation formula currently being reviewed by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) will be submitted to President Goodluck Jonathan before the end of this year, the commission said yesterday.
RMAFC's chairman public affairs and communication committee Zubairu Dada said in a statement that the new formula had been unanimously adopted by all members of the commission and is now ready for submission to the President in accordance with the constitutional provisions.
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