COMPARATIVE ANALYSIS OF FISCAL FRAMEWORKS AND REVENUE MOBILISATION: LESSONS FROM NIGERIA, EGYPT, AND AUSTRALIA

Nigeria's fiscal framework has faced persistent challenges, particularly in mobilising revenues efficiently from its diverse economic sectors. Despite substantial natural resource endowments, revenue leakages and inefficiencies in mobilising oil and non-oil revenues have hindered economic stability and growth. This study conducts a comparative analysis of fiscal frameworks in Nigeria, Egypt, and Australia, focusing on revenue mobilisation strategies, governance structures, and institutional roles. It emphasises the pivotal role of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) in enhancing accountability and transparency. The research adopts a qualitative approach, utilising document analysis and comparative data to provide actionable recommendations for policy reforms.