Monday, July 13, 2026

Buhari, 36 governors meet over new revenue formula

“We discussed the new revenue formula submitted to Mr President…and the need…for him to present the new draft formula to National Assembly before this administration winds up.”

• April 27, 2023
President Muhammadu Buhari and Nigerian Governors
President Muhammadu Buhari and Nigerian Governors

Nigeria’s 36 state governors are to meet President Muhammadu Buhari to discuss the need to present a new revenue formula to the Ninth National Assembly for passage into law before the end of his regime.

Chairman of the Nigeria Governors’ Forum (NGF), Governor Aminu Tambuwal, disclosed this while speaking with journalists after the forum’s meeting on Wednesday in Abuja.

Mr Tambuwal said the governors discussed issues that bordered on national, sub-national, democracy and good governance, including the need for the timely release of the collected stamp duties warehoused in the Central Bank of Nigeria (CBN) for disbursement, revealing that “we are working to make sure that it is released for disbursements to both federal government and state.”

“Today, we discussed the guidelines by the Nigerian Financial Intelligence Unit (NFIU) on financial regulations that it is working on in ensuring that Nigeria is taken out of grey lists of the financial tax force. We also discussed the issue of the Primary Healthcare Seattle Declaration and the progress made so far,” stated the Sokoto governor.

Mr Tambuwal added, “During our induction course, some states that have attained some milestones are going to receive some awards for their performance. We discussed the new revenue formula submitted to Mr President by the Revenue Mobilisation and Fiscal Commission (RMFC) and the need for us to approach Mr President on the need for him to present the new draft formula to National Assembly before this administration winds up.”

Fielding questions on details of the new draft revenue formula and if the forum was satisfied, Mr Tambuwal said the new formula details would be revealed when presented.

The Sokoto governor stated, “We are going to meet Mr President as the leadership of the forum, and we will appeal to him to present that draft revenue formula. By the time it is presented, you will see what is there.”

In his assessment of the NGF, Mr Tambuwal said the forum had helped the governors maintain cohesion, unity, and non-partisanship, ensuring that all they did was about Nigeria first and their various states.

“The NGF is actually doing well in terms of bringing governors together, working together for national interest, for the interests of the states,” he noted. “Making sure that there is that unity amongst governors on national issues. I believe NGF has done very well.”

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Kashim Shettima

NationWide

Speaker Abbas hails Shettima’s re-nomination as Tinubu’s running mate in 2027

Mr Tajudeen said the vice president had remained dependable since assuming office.

PTAD

NationWide

Harmonisation reforms will promote pension equity, restore confidence: PTAD

PTAD manages pensions under the old Federal Government pension arrangement.

NECO/WAEC logos

NationWide

Mixed reactions trail FG’s N50,000 approval for WAEC, NECO exam fee

Ms Ogunkoya urged the government to balance cost recovery with citizens’ access to essential public services.

Armed policemen

Hot news Home top

Man arrested for allegedly beating wife to death over food in Nasarawa

The police spokesman added that the suspect expressed remorse over the incident.

ROAD CRASH

Heading 5

Seven die in Bauchi-Maiduguri road crash

The police spokesperson said an investigation had commenced to determine the immediate and remote causes of the accident.

Federal Bureau of Investigation (FBI)

World

FBI offers $50,000 reward for information on fugitive wanted for violent crimes

A federal arrest warrant was issued for Mr Singh in the United States District Court, Central District of California, Los Angeles, California on July 1.