Business
RMAFC Holds Strategic Retreat To Review Remuneration Packages For Political Office Holders
Joel AJAYI
In a significant move towards the implementation of one of its core mandates, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has commenced a strategic retreat in Kano aimed at harmonising reports in the bid to review the remuneration packages for political, public, and judicial office holders across the country.
Declaring the retreat open, the Chairman of the Remuneration and Monetisation Committee (RMAFC), Hon. Mohammed Kabeer Usman, who also serves as the Federal Commissioner representing Gombe State, underscored the importance of the assignment to the stability and growth of Nigeria’s governance structure
Hon. Usman reminded participants that the 1999 Constitution (as amended) empowers the Commission to determine appropriate remuneration for political, public, and judicial office holders at all levels. He noted that the Commission had earlier taken some steps towards the review of the remuneration package to reflect prevailing economic realities.
According to him, “The Commission carefully considered a wide range of perspectives, including memoranda from stakeholders, public hearings, and ministerial submissions, while also drawing from economic indicators and remuneration practices in other countries.”
He further explained that the review process was not only about figures but also about sustainability and affordability. “The Commission has equally analyzed the capacity of government to implement the review package, ensuring that recommendations remain fair, realistic, and sustainable,” he stated.
Speaking further, Hon. Usman disclosed that the Committee was directed to harmonise the earlier report and subsequent addendum into a single document so as to provide a clear and comprehensive framework for implementation.
He appealed to members to bring their diverse experience and knowledge to bear, stressing that the retreat must produce outcomes that are balanced and beneficial to all. “I implore everyone to contribute towards achieving the purpose of our gathering, given our varied knowledge and wealth of experience,” he said.
The retreat is expected to set a sustainable framework for political, public, and judicial office holders’ remuneration in line with the mandate of the Commission.
Present at the retreat are RMAFC Federal Commissioners: Hon. Adamu Fanda representing Kano state, Hon. Henry Nduka Awuregu, Hon. Aruviere Egharhevwa representing Delta state, Hon. Hassan Usman Mahmud representing Kaduna stat and Hon. Hauwa Umar Aliyu representing Jigawa state, Hon. (Prof.) Steve Davies Ugbah representing Benue state, Hon. Abdulazeez Idris King representing Kogi State, Hon. Aliyu A. Abdulkadir representing Nassarawa State; and Hon. Nathaniel Adojutelegan reprenting Ondo State.
The Secretary of the Committee, who is also the Director of Fiscal Efficiency in the Commission Dr. Tanimu Adamu Aliyu, FNIM. and other supporting staff were also in attendance.
Business
Youths to Explore Non-Oil Export Opportunities with NEXIM Bank MD at APC Youth Breakfast Session
By Joel Ajayi
The Managing Director of the Nigerian Export-Import Bank (NEXIM), Mr. Abubakar Abba Bello, is set to engage young Nigerian entrepreneurs and business owners on Tuesday, September 2, 2025, at 9 a.m., in a high-level breakfast session focused on non-oil export opportunities and wealth creation.
The event, organized by the Youth Wing of the All Progressives Congress (APC) under the leadership of the National Youth Leader, Hon. Dayo Israel, is part of a broader initiative to drive foreign exchange inflows and empower the next generation of business leaders. The session will be streamed live online and is open to participants nationwide, with registration required via bit.ly/abbabellonexim.
Hon. Dayo Israel emphasized the importance of boosting non-oil exports to stimulate job creation and economic diversification in Nigeria.
“If we are to create more local jobs and attract foreign exchange, we must scale up non-oil exports. Our young entrepreneurs need access to funding, technical support, and market information. That’s why we are excited to host the MD of NEXIM Bank—to connect them directly with Nigeria’s top export facilitator,” he said.
Mr. Bello’s engagement will cover key areas such as: Access to finance for SMEs and agribusinesses, Export readiness and leveraging opportunities in AfCFTA, Exploring new markets for non-oil products, NEXIM Bank’s role in promoting agro-led export growthand Empowering Nigerian youth to build globally competitive enterprises
This session follows a successful lineup of recent events at the APC Youth House, including discussions with the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, and the Chairman of the National Sports Commission, Mallam Shehu Dikko. Over 100 young participants have also benefited from various capacity-building workshops hosted by the Youth Wing.
According to Hon. Israel, the Youth Wing remains committed to aligning its programs with President Bola Ahmed Tinubu’s Renewed Hope Agenda, with a focus on entrepreneurship, innovation, and inclusive economic growth.
“It’s a packed week of transformative sessions at the Youth House. We’re shaping the minds of our young progressives and building a future driven by innovation, export, and enterprise,” he added.
NEXIM Bank, as Nigeria’s premier export credit agency, plays a strategic role in promoting non-oil export and providing financial solutions that stimulate inclusive economic growth.
This partnership with the APC Youth Wing is a significant step towards integrating young Nigerians into global trade and positioning them for long-term business success.
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