Nation
New Revenue Sharing Formula Ready, Dec -RMAFC
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.“
Nation
Rivers Commissioner Commends WAEC Conduct, Vows Sanctions for Malpractice
The Rivers State Commissioner for Education, Dr. Peters Nwagor, has commended the orderly conduct of the ongoing 2026 West African Senior School Certificate Examination in the state and urged schools to sustain the standard.
Dr. Nwagor gave the commendation on Tuesday during a monitoring tour of selected secondary schools in Port Harcourt and environs where the WAEC exam is ongoing.
The commissioner, who was accompanied by directors and monitors from the Ministry of Education, said he was impressed with the peaceful atmosphere at the centres visited.
“The students conducted themselves properly and wrote their papers under conducive conditions. Invigilators and supervisors also performed their duties professionally,” he stated.

Nwagor noted that the Rivers State Government had invested heavily to ensure the smooth and credible conduct of the examination across the state
He urged candidates to reciprocate government’s effort by shunning all forms of examination malpractice and focusing on their studies.
“Government has done so much to ensure successful examinations in our schools. Students should take advantage of it by remaining focused,” the commissioner said.
While no case of malpractice was recorded in the centres inspected, Dr. Nwagor warned that any principal, teacher, invigilator, or official caught aiding malpractice would face strict sanctions in line with regulations.
He also commended school administrators, teachers, WAEC officials, and security personnel for upholding the integrity of the process.
Centres visited included County Grammar School, Ikwerre/Etche; Government Comprehensive Secondary School, Borokiri; Government Secondary School, Borokiri; and Pabod Model Secondary School.
Nation
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Nation
RSU, Otonti Nduka Foundation Holds Centenary Conference, Unveil Book on Values in Nigeria
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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