The activities of the Commission is encapsulated within the following mandate:
- Monitoring of Revenue Accruals into and Disbursement from the Federation Account
- Review of Revenue Allocation Formula
- Advise Federal and State Governments on fiscal efficiency and methods by which their revenue can be increased.
- Determination of Remuneration Packages of Political Office Holders
- Discharge such other functions as are conferred on the Commission by the Constitution or any Act of the National Assembly.