Nigeria's revenue allocation formula review reaches advanced stage, nationwide data verification begins
via Punch Nigeria3 min read
Nigeria's Revenue Mobilisation Allocation and Fiscal Commission RMAFC has announced that the review of the nation's revenue allocation formula is in an advanced stage. The commission has initiated a nationwide data verification exercise to update the indices used for revenue sharing across the federation. Maryam Yusuf, Head of Information and Public Relations Unit, stated that Chairman Mohammed Shehu emphasized the commission's commitment to ensuring the framework reflects current realities, highlighting accurate data as crucial for fairness, equity, and national cohesion. The exercise aims to align allocations with present socio-economic conditions by reviewing factors and proxies used for states and local governments. This process is expected to strengthen fiscal federalism and improve national development planning. The verification will involve collecting, validating, and reconciling socio-economic and infrastructural data across all states and the Federal Capital Territory, focusing on indicators like education, healthcare, internally generated revenue, and infrastructure. Stakeholder engagement sessions will be held in each state to foster transparency and collaboration. Shehu noted that Nigeria's revenue allocation framework relies on indices such as population, landmass, and infrastructure, which require periodic review due to transformations like population growth, urbanisation, and widening development gaps. The data verification is critical for safeguarding the inte
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Punch Nigeria.
Must ReadUnited States President Donald Trump abruptly ended a televised interview with NBC’s Meet the Press moderator Kristin Welker following heated exchanges. The discussion covered his proposed compensation fund for alleged victims of government “weaponization,” cases related to the January 6 Capitol riot, and his continued claims about the 2020 presidential election. Trump defended his proposal for a multi-billion-dollar fund, stating many Americans suffered under the administration of former President Joe Biden. When asked about January 6 defendants, Trump said he would review cases individually, maintaining that many had been treated unfairly. Welker challenged several of Trump’s claims, including his assertion that federal agents ushered protesters into the Capitol, stating there was no evidence. The interview became more tense when Trump reiterated his claim that the 2020 election was rigged, which Welker countered by saying he had never presented evidence. Trump then accused Welker and major media outlets of being "crooked." He ended the interview by saying, "Let’s call it quits because I’ve had enough. Thank you, darling. Have a good time." Welker later stated she spoke with Trump after the interview, and they acknowledged the weather challenges, with Trump agreeing to another interview.
Must ReadUkrainian President Volodymyr Zelensky arrived in Britain for defense talks with leaders from the UK, France, and Germany, following new Russian strikes that killed five people and impacted a nuclear site in Ukraine. Zelensky met British Prime Minister Keir Starmer at 10 Downing Street and was also scheduled to meet French President Emmanuel Macron and German Chancellor Friedrich Merz. The Ukrainian President stated the talks would focus on defense, air defense cooperation for European security, and diplomatic prospects, emphasizing Europe's role in negotiations. He also plans to meet King Charles III. Kyiv is seeking more ammunition for anti-air defenses and ways to pressure Russia to end the conflict. On Sunday, Russian drone attacks damaged a nuclear storage facility near Chernobyl, though radiation levels remained normal. Ukraine's nuclear energy operator, Energoatom, reported the fuel reception building was partially destroyed. Moscow and Kyiv have increased drone strikes amidst stalled diplomatic efforts. Russian leader Vladimir Putin has rejected direct peace talks. Zelensky noted Russia used an Iranian-designed Shahed drone in the Chernobyl exclusion zone attack. The International Atomic Energy Agency is sending a team to inspect the damage. The facility, located about 12 kilometers from the 1986 Chernobyl disaster site, stores spent fuel from Ukraine's active nuclear plants. Both sides accused each other of renewed civilian attacks, with Russian bombardments killing
BreakingChristian Eriksen collapsed for the second time during a football match on Sunday during Denmark’s friendly against Ukraine in Odense. The Danish football association stated on social media that Eriksen is conscious and doing well. This incident occurred five years after Eriksen, 34, experienced a cardiac arrest during a European Championship match. The national team doctor, Morten Boesen, reported that Eriksen walked off the pitch independently and his pacemaker functioned as expected. Boesen confirmed Eriksen was briefly unconscious but quickly regained consciousness. Eriksen will undergo further hospital examinations to determine the cause of the incident and has asked to convey his well-being to his teammates.