Ogun Moves to Correct 15-Year Revenue Allocation Gap in Strategic Meeting with RMAFC
Okubadejo Seeks Fairer FAAC Share by Updating Economic Data to Reflect Current Growth_ Abeokuta, May 19, 2026 Ogun State has begun a push to secure a more equitable share of federal revenue, as the Commissioner for Finance and Chief Economic Adviser, Hon. Dapo Okubadejo, met with a delegation from the Revenue Mobilisation Allocation and Fiscal Commission [RMAFC]. The RMAFC team, led by Federal Commissioner for Ogun State Hon. Akeem Amosun, is in the state to review, update, and verify economic data used in determining allocations from the Federation Account Allocation Committee [FAAC]. According to Hon. Amosun, the exercise is a statutory responsibility of the Commission but has not been conducted in 15 years. As a result, revenue allocation across states has continued to rely on outdated indices that no longer reflect current economic realities. He described the ongoing review as a critical window for Ogun State to correct existing imbalances by submitting accurate, up-to-date da...
