News
North central zone stakeholders propose 35% revenue allocation to states
- Want FG to have 39%, LGs 26%
Majority of the states in the North central zone have proposed a 39: 35: 26 per cent revenue sharing formula for the federal, state and local governments respectively.
The states made their positions known at a one-day North Central Zonal public hearing on the review of the current Revenue Allocation Formula (RAF), organised on Thursday by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), at Government House, Lokoja.
In his remarks, Gov. Yahaya Bello of Kogi, advocated a sharing formula of 39, 35 and 26 per cent between the Federal, States and Local Governments, respectively, in order to effect the desired development of the country.
Bello, who was represented by his Deputy, Edward Onoja, stated that the main objectives of revenue allocation was to promote national unity and accelerate the economic growth of all tiers of government.
He lamented that the current formula in use had failed to achieve the desired aspirations of the citizens for development.
“We can no longer deny that a comprehensive review of RAF currently in use in Nigeria had become overdue.
”Currently, the Federal Government takes 52.68 per cent, the 36 states and the FCT split 26.72 percent and the local government councils make do with 20.60 per cent.
“The nine oil producing states receive an additional 13 per cent as derivation revenue which is distributed among them depending on the actual contribution of each to crude oil receipts.
“Existential realities between the three tiers of government today necessitate a more equitable sharing plan for all revenues accruing into the federation account,” Bello said.
He, therefore, urged the review committee to take a critical look at the revenue allocation formula currently in use with a view to do the needful in the interest of Nigerians.
The News Agency of Nigeria (NAN) reports that the representative of Plateau state proposed a 40, 35 and 25 per cent formula, while Nasarawa state advocated 44, 35 and 21 for the three tiers of government, respectively.
Also speaking, the Commissioner for Land, Survey and Solid Minerals, Mr Bernard Unenge, who made the presentation on behalf of the Benue state government, advocated 30, 45, and 25 per cent for federal, states and local governments, respectively.
On her part, the Kwara State Commissioner for Finance, Mrs Florence Oyeyemi, in a virtual presentation, advocated a 33, 30 and 27 per cent sharing formula, respectively.
Dr Joel Akowe, on behalf of the Academia, proposed 30, 35 and 20 per cent respectively, while proposing a 15 per cent allocation to a Special Fund.
The Representative of the Network of Kogi state Non Governmental Organisations (KONGONET), Mr Muraina Idris, proposed 40, 27 and 33 per cent respectively, as he argued that this formula would enable the federating units and constituents to receive more attention in terms of development.
He added that over the years, the state governments had not really shown the need for increased resources as the community of civil society feels that a huge gap had existed between resource allocation and development, across majority of the federating units.
Idris further said that their proposed allocation of 33 per cent to local governments, would reduce rural-urban migration, create employment, promote development in rural areas and improve security.
For the Vice President, National Council of Women Societies (NCWS), Kogi branch, representing women, the three tiers of government should receive allocations in the ratio of 30, 34 and 23 respectively, but that the 13 per cent derivation for oil producing states be retained.
Mr Victor Ibrahim, who spoke on behalf of the Kogi Chamber of Commerce, Industry, Mines, and Agriculture (KOCCIMA), proposed 36, 33 and 26 per cent revenue formula, but on the condition Nigeria would practice true federalism.
Ibrahim said this had become necessary because the nation had been engaged in a unitary system of government, which had hindered development at the grassroots.
Mr Yahaya Ibrahim, the National Chairman, Persons Leaving With Disabilities (PLWDs), proposed 39, 29 and 32 per cent for the three tiers of government, respectively.
He specifically appealed to the Federal Government to however support the Kogi government, in its bid to empower the PLWD in the state.
The chairman cited Gov. Yahaya Bello for commendation, for according PLWDs in the state priority in terms of inclusiveness in governance, empowerment, among others.
Earlier, in his address of welcome, the Chairman of RMAFC, Elias Mbam, said the commission had been empowered by the Constitution to review, from time to time, the RAF and principles in operation to ensure conformity with changing realities.
This was by virtue of Paragraph 32(b), Part 1 of the Third Schedule to the 1999 Constitution of the Federal Republic of Nigeria (As Amended), he said.
The chairman disclosed that for the review, additional relevant data had been collected from relevant government agencies, and studies on fiscal matters relating to revenue allocation had also been undertaken.
He said that the public hearing was the fourth in the series, as the commission had earlier undertaken similar exercises in the South-West, South-South and South-East Zones.
Mban said plans had also been concluded to conduct the hearing in the remaining two geo-political zones of the North-West and North-East.
He said, “I wish to use this opportunity to invite all Nigerians to please participate and make contributions to this review process.
“It is our belief that your contributions will certainty enrich the process and ensure that the new revenue allocation formula reflects the wishes and aspirations of Nigerians.”
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News
Yamal Fires Back at Mbappé: “I’m Not Going to Beg” for Ballon d’Or
Yamal Fires Back at Mbappé: “I’m Not Going to Beg” for Ballon d’Or
The 19-year-old Spain international insists his World Cup and La Liga triumphs speak for themselves, while also being named one of Barcelona’s vice-captains ahead of the October 26 ceremony.
Barcelona forward Lamine Yamal has made it clear that he will not campaign or “beg” for the 2026 Ballon d’Or, stating that his achievements on the pitch for club and country should speak for themselves. Speaking ahead of Barcelona’s Champions League opener against Feyenoord, the 19-year-old responded to comments from rival Kylian Mbappé, who had previously made his case for the award by highlighting his World Cup Golden Boot win, which also saw him become the competition’s all-time top goalscorer.
“I don’t think I need to campaign for the Ballon d’Or. I’m not thinking about what I deserve, everyone can think what they like,” Yamal told reporters. “I’m proud of everything I’ve done this year with my club and with the national team. We’ve become world champions, we’ve won the league again. I can’t ask for anything more. I think I’ve shown an incredible level, it’s your job and I will not beg for anything.”
The Spanish international, who finished second in last year’s voting behind PSG’s Ousmane Dembélé, is among the leading contenders for the prize alongside Mbappé, Harry Kane, Dembélé, and Khvicha Kvaratskhelia. The ceremony is scheduled for October 26 in London. Yamal was officially named among the 30 nominees for the 2026 men’s Ballon d’Or when France Football unveiled the list on Tuesday, marking his third nomination.
When asked about Dembélé’s recent comments naming Kvaratskhelia, Kane, and Mbappé as his top three, Yamal joked: “He’s a friend of Kylian, right? Honestly, I don’t care. I’m very happy with the year I had. Whenever I’ve faced both of them, I’ve won. They must have taken a dislike to me for some reason.” Spain knocked France out of the World Cup semi-finals with a convincing 2-0 victory.
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Yamal, who suffered a hamstring injury in April, has returned to form with two goals in his last two outings against Rayo Vallecano and Valencia, and appeared far more cheerful after a difficult start to the season. “In the end, I’m 19, coming off winning a World Cup, having had the best holidays of my life. I’ve never been happier at any point in my life than I am now,” he said.
Beyond individual honours, Yamal emphasised that Barcelona’s primary target this season is the Champions League trophy, a title that has eluded the Catalan giants since 2015. “There’s no greater motivation than the Champions League, which is the one I still have to win. We will give our all to win it,” Yamal said ahead of Wednesday’s opener against Feyenoord. “Good players have arrived, like Anthony Gordon, Karim Adeyemi, Rodri.”
Barcelona coach Hansi Flick praised the young star, saying: “Lamine is a player who can decide games on his own, fantastic quality. It’s great, you can see it every day how he is enjoying playing football. For me the best thing is that he enjoys this game and then he’s on a top level.”
Yamal is also the favourite to win a third consecutive best young player award at the Ballon d’Or ceremony, having been one of 10 players nominated on Tuesday, including Johan Manzambi, Yan Diomande, and Ayyoub Bouaddi, who all impressed at the World Cup and were then the subject of big-money summer transfers.
Interestingly, during the press conference, neither Yamal nor Flick mentioned Feyenoord by name, instead focusing entirely on Barcelona’s mission to win the Champions League. Yamal was recently elected one of three vice-captains by his teammates, alongside Eric Garcia and Frenkie de Jong, with coach Hansi Flick selecting Raphinha and Pedri as the other members of the five-man captaincy group. “It’s something to be proud of at 19 years old. I’m very grateful to my teammates. It’s a position that comes with responsibilities, even if I’m only 19, but I’m very happy,” he said.
Yamal Fires Back at Mbappé: “I’m Not Going to Beg” for Ballon d’Or
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News
Lagos Moves to Slash Agency Fees, Curb Rent Hikes With New Tenancy Bill
Lagos Moves to Slash Agency Fees, Curb Rent Hikes With New Tenancy Bill
The Lagos State Government has unveiled a proposed tenancy law aimed at overhauling the relationship between landlords, tenants and estate agents, with measures designed to curb arbitrary rent increases, excessive agency charges, fraudulent property transactions and prolonged tenancy disputes.
The proposed Lagos State Tenancy and Recovery of Premises Bill, 2025, currently before the Lagos State House of Assembly, seeks to replace the existing tenancy framework with a more comprehensive regime covering rent payments, advance rent, agency fees, eviction, dispute resolution and the conduct of landlords and property agents.
The bill, however, has not yet become law and remains subject to legislative consideration and possible amendments.
One of the most significant provisions in the proposed legislation is the plan to reduce estate agency fees to five per cent of annual rent.
The proposal has attracted considerable attention because tenants in Lagos routinely complain about the financial burden of agency, agreement and other charges demanded when securing accommodation.
The Lagos State House of Assembly had previously stated during deliberations on the bill that the agency commission would be reduced from the existing 10 per cent benchmark to five per cent. An agent who charges above the prescribed rate under the proposed law could face sanctions, including refund of the excess, a fine of up to N1 million or imprisonment for up to two years, or both.
The bill also proposes compulsory registration of estate agents with the Lagos State Real Estate Regulatory Authority, LASRERA.
Under the proposal, operating as an estate agent without the required registration would become an offence. The government says the measure is intended to check the activities of fraudulent and unregistered operators accused of collecting money from unsuspecting members of the public, engaging in multiple transactions on the same property and imposing questionable charges on prospective tenants.
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The proposed legislation further requires agents handling rent or other funds on behalf of property owners to account for such money and remit it within a stipulated period. Legal reviews of the draft bill put the remittance period at seven working days and require agents to issue receipts for transactions.
One-year limit on advance rent
Another major proposal is the restriction on advance rent.
The draft legislation seeks to prevent landlords from demanding excessive periods of rent upfront. Under the proposed framework, a new tenant would generally not be required to pay more than one year’s rent in advance, while sitting tenants who ordinarily pay monthly would not be compelled to make excessive advance payments.
The measure is expected to address one of the biggest challenges facing accommodation seekers in Lagos, where prospective tenants often complain of demands for one, two or even more years’ rent before they are allowed to occupy a property.
Landlords may face scrutiny over rent increases
The proposed law also seeks to tackle what it describes as unreasonable increases in rent.
Under the bill, a tenant who considers a rent increase excessive could challenge it, with the court empowered to consider factors including rents charged for comparable properties and evidence presented by both the landlord and tenant.
The proposal is significant in a city where rapid increases in rental values have become a major concern for residents, particularly low- and middle-income earners.
The bill also provides protection for tenants who challenge an allegedly unreasonable increase, including restrictions on eviction while the matter is before the court.
Faster resolution of landlord-tenant disputes
Perhaps one of the most ambitious aspects of the proposed legislation is its attempt to speed up tenancy-related litigation.
The bill provides for tenancy proceedings through originating summons and proposes mechanisms designed to shorten the time between filing a case and hearing it.
It also empowers courts to sit on weekends and public holidays for tenancy matters and provides for virtual hearings.
The proposed framework further provides for mediation as an alternative to prolonged litigation, with the aim of resolving disputes more quickly and reducing the backlog of landlord-tenant cases.
The government has argued that faster dispute resolution would benefit both landlords and tenants by reducing the cost and uncertainty associated with lengthy court proceedings.
Tenants to provide evidence
The Lagos State Commissioner for Housing, Moruf Akinderu-Fatai, said tenants seeking legal action would be required to provide evidence including proof of rent payments and updated utility bills.
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According to the government, the requirement is intended to ensure that tenancy disputes are supported by verifiable documentation rather than mere allegations.
Protection against self-help eviction
The proposed framework also strengthens legal protection against arbitrary eviction and other forms of self-help.
The draft bill provides for lawful procedures that landlords must follow when seeking possession of their properties. It seeks to discourage practices such as forcibly ejecting tenants, interfering with access to premises or taking other unilateral measures without following due process.
It also contains provisions relating to abandoned premises, recovery of possession and enforcement of court orders.
Service charges, deposits and professional fees
The bill goes beyond rent and agency commissions to address other financial issues associated with tenancy.
Among the proposed provisions are rules concerning service charges, facility and security deposits, as well as professional fees.
The draft framework seeks greater transparency in the handling of tenants’ money and provides for accountability concerning service charges and refundable deposits. Legal reviews of the bill indicate that security deposits would generally be refundable, subject to documented deductions for damage or other legitimate claims.
LASRERA intensifies enforcement
The proposed reforms come against the backdrop of increased enforcement by LASRERA against fraudulent operators in Lagos’ property market.
The Commissioner for Housing disclosed that the regulatory agency recovered more than N270 million from fraudulent estate agents between 2025 and 2026.
The government says the enforcement campaign, combined with the proposed legislation, is intended to restore confidence in the state’s real estate sector and protect residents from exploitation.
Stakeholders raise concerns
While the proposed reduction in agency fees has been welcomed by tenant advocates, housing stakeholders have also raised concerns about possible loopholes.
Spaces for Change, which participated in the 2025 public hearing on the bill, warned that agents could attempt to circumvent a five per cent cap by introducing additional charges under different descriptions.
The organisation recommended that the prescribed five per cent ceiling should cover other related charges in order to prevent agents from simply shifting costs from “agency fee” to documentation, inspection or other charges.
There have also been calls for the bill to provide clearer safeguards around the collection, storage and use of tenants’ personal information, given the large amount of sensitive data prospective tenants routinely submit to landlords and estate agents.
Bill still awaiting passage
Despite the publicity surrounding the proposed reforms, tenants and landlords have been urged not to assume that the new provisions are already enforceable.
The Lagos State Tenancy and Recovery of Premises Bill remains a proposal before the Lagos State House of Assembly. Until it is passed by the Assembly and receives the necessary assent, the existing tenancy law remains the applicable legal framework.
If eventually enacted, however, the proposed law could represent one of the most far-reaching changes to landlord-tenant relations in Lagos in years, particularly through its proposed five per cent agency-fee cap, restrictions on advance rent, compulsory registration of agents, stronger protections against arbitrary rent increases and faster mechanisms for resolving tenancy disputes.
For millions of Lagos residents struggling with rising accommodation costs, the central question will now be whether the proposed reforms can move from the pages of the bill to effective enforcement across the state’s notoriously expensive and complex rental market.
Lagos Moves to Slash Agency Fees, Curb Rent Hikes With New Tenancy Bill
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Business
Dangote Refinery Sets ₦525 Per Share for Landmark IPO
For ₦5,250, Nigerians could soon own a piece of the refinery that has reshaped the country’s fuel market.
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