Section 6: Powers of the Commission

(1) The Commission shall have power to-
(a) monitor the accruals to and disbursement of revenue from the Federation Account;
(b) review, from time to time, the revenue allocation formulae and principles in operation to ensure conformity with changing realities;
(c) advise the Federal, State and Local Governments on fiscal efficiency and methods by which their revenue is to be increased;
(d) determine the remuneration appropriate to the holders of the offices as specified in Parts A and B of the First Schedule to this Act;
(e) make recommendations and submit its finding by a report thereto to the Government of the Federation or of the State, as the case may be, regarding the formula for the distribution of the Federation Accounts and the Local Government Accounts; and
(f) discharge such other functions as may be conferred on the Commission by the Constitution of the Federal Republic of Nigeria, this Act, or any other Act of the National Assembly.
(2) For the attainment of the objectives set in subsection (1) of this section, the Commission shall-
(a) be a statutory member of each of the following Government Agencies-
(i) the Federation Account Allocation Committee;
(ii) the Local Government Joint Account Allocation Committee;
(iii) the Joint Tax Board;
(iv) the Niger-Delta Development Commission; and
(v) the Commission on Ecological Fund;
(b) have the power to demand and obtain regular and relevant information, data or returns from any Government agencies including the following, that is-
(i) the Nigerian National Petroleum Corporation;
(ii) the Nigerian Customs Service;
(iii) the Federal Board of Inland Revenue;
(iv) the Central Bank of Nigeria; and
(v) the Federal Ministry of Finance.
(3) It shall be the duty of the Government agencies referred to in this section to comply with requests made by the Commission pursuant to subsection (1) of this section.