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Bello Proposes New Revenue Sharing Formula

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Governor Yahaya Bello of Kogi State, yesterday called for the review of the revenue sharing formula with the Federal Government’s share dropping from 52.68 per cent to 39 per cent.
He also proposed that states’ allocation be reviewed upwards from 26.72 per cent to 35 per cent while that of the Local Government Areas be raised from 20.6 per cent to 26.72 per cent.
Bello made the proposals while delivering a welcome address at the opening of the North Central Zonal Public Hearing on Review of the Revenue Allocation Formula (RAF) by the Revenue Mobilisation, Allocation And Fiscal Commission (RMAFC).
He said that the review of the formula is now long overdue, stressing that the burden on states is not commiserate with the allocation due to them.
“I urge this assemblage to look critically at the revenue allocation formula currently in use in Nigeria today and isolate the immediate and remote reasons why it has failed to achieve the desired developmental aspirations.
“To help us chart a new order for current and future development, I suggest a revenue sharing formula of 39 per cent, 35 per cent and 26 per cent for the federal, state and local governments respectively.
“I believe this new formula is more in keeping with the financial burdens on the various tiers and will improve the nexus between revenue allocation and economic growth in Nigeria.
“The Federal Government must now consider relinquishing portions of its share to the other two tiers.
“This is the time to make room for the extra, back-breaking, burden which states bear in catering for its over-bloated workforces, particularly at the third tier, which they cannot retrench,” he said.
Buttressing how unfair the formula is in view of the existential realities between the three tiers of governments, he said that the states, especially at the local level, had too many workforce.
Exemplifying with his state, he said that despite a rigorous staff verification exercise to remove ghost workers in his state, LGAs still had 43,788 workers with monthly salary obligation of N3.8 billion.
“This is quite different from the N3.206billion I need to settle salaries and remunerations every month at the state level for a workforce which also numbers into tens of thousands.
“Note that Kogi’s monthly income – allocations from FAAC and JAAC plus our internally generated revenue which this administration has painstakingly grown about 300 per cent, still hovers around N7 billion.
“The situation is dire and it becomes worse when you add our many other governance responsibilities such as meeting the needs of our people in all sectors – education, health, infrastructure and utilities.
“Clearly, the case for an enhanced revenue share for the 2nd and 3rd tier of governance has never been stronger. I strongly urge it this is the right thing to do and this is the time to do it,” he said.
Bello added that it is crucial to actualise the progressive agenda of the RMAFC that some measure of equity is implemented in the sharing.
He called on the commission to look at the facts which he had raised and activate principles of fairness and then apply them to the Revenue Allocation Formula.

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Victory Over Insurgency Certain, Tinubu Assures

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President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.

The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.

He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.

Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.

“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.

“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.

The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.

Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.

He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.

“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”

The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.

The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.

Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.

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US Embassy, Lagos Consulate Close Today For President’s Day

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The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.

The mission made this known in a notice shared on its official X page, yesterday.

“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.

According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.

The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.

In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.

Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.

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Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role

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United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.

Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.

The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.

Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.

“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.

The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.

Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.

The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.

In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.

“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.

Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.

He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.

Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.

 

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