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RMAFC Earns Praise from FG for Resourcefulness

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…As Commission poised to review Revenue Allocation Formula and remuneration packages of political and public office holders


Joel Ajayi 


The Federal Government has commended the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bello Shehu, OFR, for his proactive leadership and strategic initiatives aimed at strengthening Nigeria’s fiscal framework.


Speaking at the opening ceremony of the 2025 retreat for newly inaugurated Members of the Commission held in Uyo Awka Ibom State on Monday 28th April 2025 , the Vice President of the Federal Republic of Nigeria, His Excellency Senator Kashim Shettima, GCON, represented by Ibrahim Natagwandu, Technical Adviser to the Vice President on Public Debt and Revenue Mobilisation, lauded the Chairman for his efforts in engaging relevant authorities to  enhance the capacity of the Commission to implement it’s mandate.


The vice President who also praised the Commission for organising the retreat said,”I commend the leadership of the Commission for initiating this engagement, which is timely, strategic, and in alignment with our administration’s vision for fiscal prudence, equity, and sustainable development. Let me also acknowledge the commendable efforts of the Chairman of the RMAFC, who has been actively pursuing improved funding to strengthen operational capacity, enhance data-driven decision-making, and ensure the effective discharge of its constitutional responsibilities.”


In his goodwill message, the Executive Governor of Akwa Ibom State, His Excellency Pastor Umo Eno Bassey, warmly welcomed participants to the State and praised Dr. Shehu for his visionary leadership. Governor Bassey highlighted the importance of the Commission’s work in promoting inter-governmental collaboration and described the decision to host the retreat in Akwa Ibom as a testament to the State’s commitment to national development and fiscal innovation. He assured the Commission of Akwa Ibom’s continued support in all efforts to deepen fiscal federalism and strengthen economic management across the country.


While delivering his goodwill messages, the Chairman of the Nigeria Governors’ Forum and Executive Governor of Kwara State, His Excellency Abdulrahman Abdulrazaq, represented by Razaq Fatai, Head of Data and Analytics, underscored the critical role of RMAFC in repositioning Nigeria’s fiscal framework amidst global economic uncertainties. He emphasized the urgent need for a new revenue allocation formula that aligns with current economic realities, stressing that “A balanced and just formula is imperative for the effective delivery of public services and the deepening of democratic dividends.” 


In his address, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, represented by Barr. Imarha Ogehnenyerowo Ruben commended the Commission’s commitment to promoting fiscal discipline, equity, and transparency.

He acknowledged the legal and operational challenges faced by the RMAFC . He, therefore, gave the assurance of the Federal Ministry of Justice’s readiness to provide necessary legal guidance and support to enhance the Commission’s effectiveness.

“Where there are constitutional ambiguities or statutory constraints, we stand ready to work with the Commission and the National Assembly to provide the necessary legal reforms,” he stated.  Justice Fagbemi urged all participants to deliberate with openness and a strong commitment to national interest.


Speaking at the occasion , the Chairman of the Senate Committee on National Planning and Economic Affairs, Senator Yahaya Abdullahi, praised the Commission for its far-reaching impact across federal, state, and local governments.

He noted that RMAFC’s work goes beyond federal boundaries, directly affecting grassroots development, and called for stronger legislative collaboration to support its initiatives
In his welcome address, RMAFC Chairman, Dr. M. B. Shehu, OFR, expressed his profound appreciation to all dignitaries and participants for honoring the Commission’s invitation to the retreat. He emphasized that the retreat was designed not only to familiarize the new Members with the Commission’s operations but also to prepare them to deliver efficiently on its constitutional mandates.

“We are custodians of the fiscal soul of the Federation,” he noted, “and history beckons on us to leave a legacy of transparency, diligence, and innovation.”  Dr. Shehu reiterated the Commission’s commitment to fast-tracking the review of the revenue allocation formula and the remuneration packages for political and public office holders.


He further stated that the Commission was steadfast in promoting revenue diversification initiatives among the three tiers of government.

“We urge governments at all levels to invest in agriculture, tourism, and solid minerals development to expand their revenue base,” he said. Dr. Shehu assured that the Commission, under his leadership, would continue to support efforts geared towards enhancing non-oil revenue mobilization and fiscal wellbeing in line with the aspirations of President Bola Ahmed Tinubu’s Renewed Hope Agenda.


 The Secretary to the Commission, Engr. Joseph Okechukwu Nwaze, who gave the vote of thanks at the end of the opening ceremony, expressed profound appreciation to all dignitaries, resource persons, and participants for gracing the occasion. He especially thanked the Vice President, the Executive Governors, Members of the National Assembly, and other stakeholders for their support.

“Your presence and contributions have greatly enriched our deliberations and reaffirmed the collective commitment to strengthen fiscal governance and intergovernmental collaboration in Nigeria,” Engr. Nwaze said.

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NELFUND: The Renewed Hope Engine Propelling Nigeria’s Youth into Tomorrow

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By Dayo Israel, National Youth Leader, APC

As the National Youth Leader of the All Progressives Congress, I have spent most of my tenure fighting for a Nigeria where every young person, regardless of their ward or local government, family income, or circumstance, can chase dreams without the chains of financial despair.

Today, that fight feels like victory, thanks to the Nigerian Education Loan Fund (NELFUND). Launched as a cornerstone of President Bola Ahmed Tinubu’s Renewed Hope Agenda, this initiative isn’t just a policy tweak; it’s a revolution. And under the steady, visionary hand of Managing Director Akintunde Sawyerr, NELFUND has transformed from a bold promise into a roaring engine of opportunity, disbursing over ₦116 billion to more than 396,000 students and shattering barriers for over a million applicants.

Let’s be clear: NELFUND was always destined to be a game-changer. Signed into law by President Tinubu on April 3, 2024, it repealed the outdated 2023 Student Loan Act, replacing it with a modern, inclusive framework that covers tuition, upkeep allowances, and even vocational training—ensuring no Nigerian youth is left on the sidelines of progress.

But what elevates it from groundbreaking to generational? Leadership. Enter Akintunde Sawyerr, the diplomat-turned-executioner whose career reads like a blueprint for results-driven governance. From co-founding the Agricultural Fresh Produce Growers and Exporters Association of Nigeria (AFGEAN) in 2012—backed by icons like former President Olusegun Obasanjo and Dr. Akinwumi Adesina—to steering global logistics at DHL across 21 countries, Sawyerr brings a rare alchemy: strategic foresight fused with unyielding accountability.

As NELFUND’s pioneer MD, he’s turned a fledgling fund into a finely tuned machine, processing over 1 million applications since May 2024 and disbursing ₦116 billion—₦61.33 billion in institutional fees and ₦46.35 billion in upkeep—to students in 231 tertiary institutions nationwide. That’s not bureaucracy; that’s brilliance.

Sawyerr’s touch is everywhere in NELFUND’s ascent. Since the portal’s launch, he’s overseen a digital ecosystem that’s as transparent as it is efficient—seamless verification, BVN-linked tracking, and real-time dashboards that have quashed misinformation and built trust. In just 18 months, the fund has empowered 396,252 students with interest-free loans, many first-generation learners who might otherwise have dropped out.

Sensitization drives in places like Ekiti and Ogun have spiked applications — 12,000 in a single day in one instance, while expansions to vocational centers in Enugu pilot the next wave of skills-based funding. And amid challenges like data mismatches and fee hikes, Sawyerr’s team has iterated relentlessly: aligning disbursements with academic calendars, resuming backlogged upkeep payments for over 3,600 students, and even probing institutional compliance to safeguard every kobo. This isn’t management; it’s mastery—a man who doesn’t just lead but launches futures.

Yet, none of this happens in a vacuum. President Tinubu’s alliance with trailblazers like Sawyerr is the secret sauce securing Nigeria’s tomorrow. The President’s Renewed Hope Agenda isn’t rhetoric; it’s resources—₦100 billion seed capital channeled into a system that prioritizes equity over elitism. Together, they’ve forged a partnership where vision meets velocity: Tinubu’s bold repeal of barriers meets Sawyerr’s boots-on-the-ground execution, turning abstract policy into tangible triumphs. It’s a synergy that’s non-discriminatory by design—Christians, Muslims, every tribe and tongue united in access—fostering national cohesion through classrooms, not courtrooms.

As Sawyerr himself notes, this is “visionary leadership” in action, where the President’s political will ignites reforms that ripple across generations.

Why does this matter to us, Nigeria’s youth? Because NELFUND isn’t handing out handouts—it’s handing out horizons. In a country where 53% of us grapple with unemployment, these loans aren’t just funds; they’re fuel for innovation, entrepreneurship, and endurance.

Picture it: A first-generation polytechnic student in Maiduguri, once sidelined by fees, now graduates debt-free (repayments start two years post-NYSC, employer-deducted for ease) and launches a tech startup. Or a vocational trainee in Enugu, equipped with skills funding, revolutionizing local agriculture. This is quality education that endures—not fleeting certificates, but lifelong launchpads. Sawyerr’s focus on human-centered design ensures loans cover not just books, but bread—upkeep stipends of ₦20,000 monthly keeping hunger at bay so minds can soar. Under his watch, NELFUND has debunked doubts, refuted fraud claims, and delivered results that scream sustainability: Over ₦99.5 billion to 510,000 students by September, with 228 institutions on board.

As youth leaders, we see NELFUND for what it is: A covenant with our future. President Tinubu and MD Sawyerr aren’t just allies; they’re architects of an educated, empowered Nigeria—one where poverty’s grip loosens with every approved application, and innovation blooms from every funded desk. This isn’t charity; it’s an investment in the 70 million of us who will lead tomorrow.

We’ve crossed one million applications not because of luck, but leadership—a duo that’s turning “access denied” into “future unlocked.”

To President Tinubu: Thank you for daring to dream big and backing it with action.

To Akintunde Sawyerr: You’re the executor we needed, proving that one steady hand can steady a nation.

And to every Nigerian youth: Apply. Graduate. Conquer.

Because with NELFUND, your generation isn’t just surviving—it’s thriving, enduring, and eternal.

The Renewed Hope isn’t a slogan; it’s our story, now written in scholarships and success. Let’s keep turning the page.

Dayo Israel is the National Youth Leader of the All Progressives Congress (APC).

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