News
Revenue Allocation Formula, Outdated -Gbajabiamila
The Speaker of the House of Representatives, Hon Femi Gbajabiamila, has agreed with the Chairman of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), Engr. Elias Mbam, on the need to review the 29-year-old revenue sharing formula.
The Speaker said, “in its attempt to review the revenue allocation in the country, which was last done almost 30 years ago, the commission should ensure that all stakeholders were carried along and that all necessary things are done so that the final report could not be faulted”.
Gbajabiamila, who hosted the management of the commission led by its Chairman, Engr. Elias Mbam, for a courtesy call on the leadership of the House, yesterday, at the National Assembly said the current realities should necessitate a review of the revenue allocation.
“I’m glad you’re here. Your commission is one of the unsung heroes. You’re of the 14 institutions established by the Constitution, while all others were established by other laws.
“It’s almost 30 years that the last review was done. It’s such a long time. A lot has changed from 1992 to date.
“I charge you to do your review, not based on any sentiment. You should consult widely so that your report won’t be faulted. I’m glad you said you’re conducting public hearings. It’s good to do that, to seek people’s opinions.
“You should work based on the principles of justice, equity and fairness,” Gbajabiamila said, adding that Nigeria is a peculiar country, hence the need to do a thorough and diligent review.
He said the House would support the commission in whatever way possible, noting that the commission’s management was at the right place to seek support.
On the issue of amendment of the RMAFC Act, Gbajabiamila asked the agency to provide specific areas that needed to be amended, especially on the issue of the Petroleum Industry Act as cited by Mbam.
“In terms of autonomy, I need to know if you don’t enjoy autonomy and how you’re not autonomous. The House is here to partner with you. We must work together. We must give you the enabling environment to operate effectively.”
Earlier, Chairman of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), Engr. Elias Mbam, had informed the House leadership that the visit was to seek the support, advice and guidance of the House on the planned review of revenue allocation that the commission was to embark on.
He said since the last review in 1992, things have changed and that there was the need to review the revenue allocation to accommodate those changes.
He said, “We now feel strongly that the review has become necessary. A lot of things have changed since 1992.
“There are concerns now that were not there before. So, there is the need to review the allocation to make sure that what every tier of government gets is in line with its current responsibilities.”
As part of the plans for the review, Mbam said the commission has embarked on wide consultations across the country, including visiting past presidents, the Nigerian Governors’ Forum, the judiciary, Association of Local Governments of Nigeria (ALGON) as well as engagements with the media, CSOs, among others.
He said the commission has commenced sensitization in different states and that it would hold public hearings with regard to the planned review, starting with the South-West next week.
Mbam thanked the Speaker for accepting to host them on short notice, saying “if all Nigerians will work like this, we all will be better for it.”
News
Victory Over Insurgency Certain, Tinubu Assures
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.
News
US Embassy, Lagos Consulate Close Today For President’s Day
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.
News
Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role
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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