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New Revenue Sharing Formula Ready, Dec -RMAFC

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The Chairman, Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), Mr Elias Mbam,  on Wednesday said the new revenue allocation formula would be ready for approval by December.
Mbam made this known in an interview with newsmen in Abuja.
The chairman said that the commission would present the new plan as a recommended formula to President Goodluck Jonathan for consideration and afterwards it would be passed to the National Assembly to be approved as law.
“We expect that by December before the end of the year, we present to Mr President our recommendation of the formula on revenue sharing for onward transmission to the National Assembly for further discussion.
“We have progressed much, we have done several studies of fiscal matters, we have toured other federations to compare their fiscal arrangements and be able to get their experiences and use the experience as part of what we can apply in our own case.
“Also we have sensitised the people and collected data from 774 local governments, and the 36 states and also the FCT. And then we have done a literature review of all fiscal arrangements that had been done before independence till date.
“So we have all the records and we are in the process of commissioning a lead consultant. And the next stage we are in is to carry out zonal advocacy. We have gone to all states to sensitise them, we have consulted elders; we have consulted opinion leaders, we have consulted Civil Societies.
“And so, what we are to do next after we have visited all the zones is to bring all the reports together, analyse them and then come up with a position of majority of Nigerians.“
Mbam said that the present formula needed to be reviewed because a lot had changed since it was designed 21 years ago.
He added that though President Olusegun Obasanjo’s administration modified the formula a bit to conform to the 1999 Constitution and it needed to be further revised.
“The constitution says that after five years, a commission should look at changing realities. What has changed within that period, does it require a review in terms of what was due for Mr A, for Mr B.
“If you look at the present formula, the last time it was reviewed actually was 1992 and from 1992 till now, it’s almost 21 years, and you can agree with me that since 1992 till now, a lot have changed.
“The population has changed; all the indices used in determining the formula have changed. So because of these changes, we need to update the record, we need to also know what are the main challenges of socio economy of Nigeria.
“When we are talking about revenue allocation formula, we are considering two levels of sharing; one is among the three tiers of government, the Federal Government, the state government and the local government.
“These three levels have percentages; the Federal Government will take its own percentage, fortunately, it is not sharing with anybody.
“But when they give the states their own percentages, they now have to share within the states. Each state gets 26.7 per cent for instance, what per cent of that will go to Anambra, to Sokoto, to Borno.
“That sharing among those states and among the local governments, within their own percentage allocation is what we call horizontal allocation.
“But among the three levels of government, the federal, state and local government is what we call the vertical sharing, but many people are only concerned about the vertical but it is also important to look at the horizontal.“

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RSU, Otonti Nduka Foundation Holds Centenary Conference, Unveil Book on Values in Nigeria

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Rivers State University and the Otonti Nduka Foundation for Values Education jointly hosted a two-day National Conference on 8 and 9 May 2026 to examine the state of values in Nigeria.

The two days conference held at Rivers State University convocation arena brought together academics, policymakers, legal experts and education leaders under the theme _“Trends and Challenges in Upholding Values in Nigeria.”_

The gathering focused on policy gaps, curriculum reform, and the role of ethics in public service and education.

The event opened on Friday with remarks from Vice Chancellor Prof. Chief Isaac Zeb-Obipi, who stressed the need to address declining moral and civic values across Nigeria’s education and public sectors. A book of abstracts for the plenary sessions was also presented to participants.

Key speakers included former Attorney General Chief Dr Kanu Agabi, SAN; NERDC Executive Secretary Prof. Shehu Salisu; Prof. Hauwa Imam, FNAE, of the University of Abuja; former Rivers SUBEB Chairman Ven Dr Fyneface Akah, ; former NIMASA DG Dr Hon. Dakuku Adol-Peterside; and RSU Director of ICT Prof. Sunny Orike.

Discussions centered on integrating values education into schools, tertiary institutions and public institutions, alongside the impact of technology on moral development among young Nigerians. Panel and plenary sessions produced practical recommendations for curriculum and policy reform.

On Saturday, the foundation marked its centenary with the unveiling of the book _Otonti Nduka in History_, launched by Chief Engr. Grant Offor, FNSE. The Nigerian Academy of Education held a ceremonial procession led by its President Prof. Olu Jegede and the Ikwerre Professors Forum.

In a communiqué, participants called for stronger collaboration between government, civil society and academia to mainstream values education nationwide. They recommended reviewing teacher training curricula and expanding digital platforms to promote ethical civic engagement, with the foundation pledging to share the outcomes with education authorities for implementation.

Dignitaries present included Ogbakor Ikwerre Worldwide as Chief Host, Prof. Emeritus Chief T. Uzodimma Nwala, the Ikenga 1 of Mbaise and first philosophy student of Prof. Otonti Nduka, alongside scholars and community leaders.

 

Amadi Akujobi

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Shell, MAN Back Rivers’ Drive for Expanded Gas Supply to Industries

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The Shell Nigeria Gas Limited, in partnership with the Manufacturers Association of Nigeria, has reaffirmed support for efforts to expand gas distribution infrastructure in Rivers State as part of initiatives aimed at improving access to affordable, cleaner and more reliable energy for industries across the South-South region.

The commitment was highlighted during the SNG–MAN Business Forum held in Port Harcourt, where stakeholders from the industrial and public sectors examined the role of natural gas in driving industrialisation, boosting local production and strengthening energy security.

Speaking at the forum on behalf of the Managing Director of Shell Nigeria Gas Limited, the company’s Head of Gas Distribution, Mr. Chukwuka Amos Ejesi, described natural gas as a critical component of Nigeria’s energy mix and a key driver of sustainable industrial growth.

According to him, Nigeria’s gas development agenda has reached a stage where policy direction must be matched with practical implementation capable of addressing the energy challenges confronting manufacturers.

He noted that pipeline gas offers industries a cleaner, more dependable and cost-effective energy alternative capable of supporting uninterrupted operations, reducing emissions and improving production efficiency.

“Gas is the backbone of manufacturing, and we are encouraged by the growing recognition among stakeholders of the need for cleaner and more reliable energy solutions,” he said.

Ejesi stressed the need for sustained collaboration among energy providers, government institutions and industrial stakeholders to maximise the country’s gas resources for economic development.

He added that improved gas infrastructure would strengthen manufacturing value chains, enhance productivity and promote more competitive industrial operations across Rivers State and the wider South-South region.

Participants at the forum also emphasised the importance of expanding energy infrastructure as a pathway to unlocking industrial capacity, reducing operating costs and promoting sustainable industrial development.

Representing Governor Siminalayi Fubara, the Director-General of the Rivers State Investment Promotion Agency, Dr. Chamberlain Peterside, reaffirmed the state government’s commitment to partnering with private sector investors to revitalise industrial activities in the state.

He identified key projects targeted under the initiative to include the revival of the Ahoada Industrial Park, the New Port City project and the proposed Bonny Industrial Park, all aimed at stimulating economic growth and expanding industrial opportunities along the Bonny corridor.

According to the governor, the long-term vision is to position Rivers State as a leading manufacturing hub in Southern Nigeria through strategic public-private partnerships.

Governor Fubara also commended Shell Nigeria Gas and MAN for sustaining engagements geared towards improving industrial energy access, noting that gas infrastructure development remains central to the state’s economic recovery plans.

He further observed that the gas sector presents enormous opportunities for economic growth, especially as global energy systems continue to shift towards cleaner energy sources.

The governor called on stakeholders to work collectively towards developing a practical and sustainable gas framework capable of supporting the state’s industrial and energy development objectives.

Chairman of MAN, Rivers and Bayelsa Branch, Elder Vincent Okuku, described gas as indispensable to industrial operations, noting that many manufacturers continue to struggle with the high cost of alternative energy sources.

Similarly, President of the Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture, Dr. Chinyere Ngozi Nwoga, said the transition to natural gas had become increasingly necessary for businesses seeking stable and cost-efficient operations.

“Pipeline natural gas provides a more cost-effective and reliable source of energy for industries,” she stated.

Also speaking, former Chairman of MAN in Rivers and Bayelsa States, Mrs. Emilia Akpan, stressed the need to align energy infrastructure development with investment in human capacity.

She maintained that rebuilding the state’s economy would require not only reliable energy supply but also the development of technical skills needed to support long-term industrial growth.

 

By Kevin Nengia

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City Boy Movement Hails Onyesoh’s APC Primary Win

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The City Boy Movement in Etche Local Government Area of Rivers state has commended Senator Allwell Onyesoh on his victory in the APC primary election for Rivers East Senatorial District.

Chairman of the group in Etche, Dr. Fortune Uchenna Obi, spoke to journalists in Okehi Ward after participating in Monday’s direct primary. He described Onyesoh’s emergence as the party’s candidate for the 2027 senatorial election as a reflection of the people’s will.

Dr. Obi said the senator has performed well during his first term and deserves re-election. He also thanked FCT Minister Nyesom Wike, leader of the Renewed Hope Agenda and Rainbow Coalition in Rivers State, for supporting Onyesoh’s candidacy. According to him, Wike’s backing was instrumental to the senator’s nomination, clearance, and victory at the primary.

He further praised voters in Etche and across Rivers East for turning out in large numbers at ward centers and urged them to sustain the support to ensure Onyesoh’s success in the January 2027 general election.

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