FG may slash public office holders’ pay

Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Elias Mbam, on Wednesday inaugurated a committee to review the Remuneration Act 2008, which prescribed the salaries and allowances for political, public and judicial office holders.

This may be the first step in effecting a downward review of the existing salaries and allowances of of this categories of officers.

According to a statement issued by the Head of Public Relations at RMAFC, Mr. 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 reminded the committee members of the need “to ensure that the review effectively minimises wastages and abuses and ensures prudent management of resources as well.”

Mohammed said the committee was expected “to 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.”

Mbam stressed that the exercise was in line with the current realities characterised by inflation and downturn in international oil prices. The exercise, he said, should be completed before the end of September.

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