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Senate Seeks more revenue for FG , moves to alter allocation formula

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From Hassan Taiye

The Senate Tuesday set machinery in motion for alteration of relevant provisions of the 1999 Constitution to pave way for more revenue allocation to the federal government through upward review of the current formula for it .

Though among the three tiers of government in the current revenue allocation formula, the federal government takes the lion share of 52.68% as against 26.72% given to the 36 States and 20.60% given to the 774 local government Councils but the Senate through a bill sponsored by Senator Sunday Karimi ( Kogi West) , wants more revenue for the federal government.

Explaining the intent of the bill which scaled first reading to journalists after the plenary , Senator Karimi said the proposed legislation basically seeks to rescue the federal government from grossly inadequate revenue to enormous responsibilities which according to him , is getting it suffocated .

” The proposed alteration seeks to increase federal government revenue allocation to address mounting financial obligations and national responsibilities across Nigeria.

“The current revenue sharing formula is outdated and unsustainable because it places excessive financial pressure on the federal government amid rising infrastructure decay and insecurity nationwide.

“There is a need for adjustment in the revenue allocation coming to the Federal Government so that we can have a slight increase in what is coming to the Federal Government for it to meet its responsibilities”, he said .

He explained further that federal roads nationwide have deteriorated badly, while huge resources were committed to combating banditry, terrorism, and other security threats across the country.

“Responsibilities borne by the Federal Government, particularly the construction and maintenance of federal roads across the country, have become overwhelming under the existing revenue formula aside the enormous responsibilities on internal security .

“So what is needed now is an adjustment in the revenue allocation formula to increase the federal government allocation”, he stressed .

Karimi added that inadequate funding also affected the military’s fight against terrorism which according to him, will be solved through increased revenue to the federal.

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Suwaiba Said Ahmad has announced that the 2026 Policy Meeting on Admissions into Tertiary Institutions will be the final one to be hosted by the Registrar of the Joint Admissions and Matriculation Board, Is-haq Oloyede.

Speaking during the meeting held in Abuja on Monday, the minister praised Oloyede for his decade-long leadership of JAMB, describing his tenure as transformational.

“This is the last policy meeting you will be holding. He has been here for ten years. He has done a lot of good things. Ten years is a long time but he is not tired,” she said.

“Notwithstanding, we thank you very much. Definitely, you are not tired. We will just give you a resting period to relax a bit and then we will just call you back.”

Oloyede was appointed JAMB Registrar on August 9, 2016, and is widely credited with reforming the board’s operations and financial system within a few years of assuming office.

Under his leadership, JAMB’s remittances to the Federal Government increased significantly. While the board reportedly remitted less than N50 million between 1978 and 2016, it generated and remitted N7.8 billion in 2017 alone.

Between 2016 and 2026, JAMB reportedly remitted N20.7 billion in operating surplus while also funding infrastructure and staff development projects through internally generated revenue.

The improved financial performance also enabled the Federal Government to reduce application fees for tertiary institution admissions by 30 percent.

Before joining JAMB, Oloyede served as Vice-Chancellor of University of Ilorin from 2007 to 2012. He also chaired both the Association of Vice-Chancellors of Nigerian Universities and the Committee of Vice-Chancellors between 2011 and 2012.

A professor of Islamic Studies since 1995, Oloyede has published nearly 100 academic papers and attended several international conferences.

His contributions to public service and education have earned him several honours, including the Officer of the Federal Republic (OFR) in 2014, the Commander of the Order of the Niger (CON) in 2022, the National Productivity Order of Merit Award in 2019, and the Nigeria Excellence Award in Public Service in the Education category in 2022.

Oloyede, who is 71 years old, is married and has four adult children and grandchildren.

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Hyacinth Alia has congratulated the James Iorzua Ayatse on the occasion of his 79th birthday anniversary.

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By: Fabian Apechihin

In a statement issued by the governor’s Chief Press Secretary, Tersoo Kula, Alia described the Tor Tiv as a respected traditional ruler, scholar, statesman, and patriot whose wisdom, courage, and dedication to peace, justice, and the preservation of Tiv cultural heritage continue to inspire people across Benue State and beyond.

The governor praised the monarch for his fatherly role in promoting unity, peaceful coexistence, and constructive dialogue among the various ethnic groups in the state.

He also noted that the Tor Tiv, also known as the Begha U Tiv, has continued to uphold the dignity and honour of the traditional institution through exemplary leadership and service.

Governor Alia further prayed for God’s continued blessings upon the royal father, asking for more years of good health, strength, wisdom, and grace as he continues to provide leadership to the Tiv Kingdom and the Benue State traditional institution.

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The official vehicle of Sesoo Gboko has reportedly been snatched by armed men in Abuja.

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By: Fabian Apechihin

In a statement released by the lawmaker’s Senior Legislative Aide, Bem Adzaagee, the incident occurred around the Gudu area of the Federal Capital Territory.

According to the statement, the yet-to-be-identified gunmen forced the lawmaker’s driver to hand over the vehicle while he was parking at a public location in the area.

“The gunmen compelled the Honourable Member’s driver to surrender the vehicle to them as he parked at the car park of a public place in the Gudu area of the Federal Capital Territory and was making his way into the premises,” the statement read.

It added that the driver had just returned from an errand and had gone to pick up the lawmaker, who was attending meetings at the location.

Adzaagee confirmed that neither the driver nor anyone else at the scene was harmed during the incident.

He also praised the prompt response of security agencies, stating that efforts were already underway to track down the stolen vehicle and apprehend those responsible.

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