News
RMAFC Reaffirms Commitment To Exploring New Areas Of Revenue Generation
Joel Ajayi
The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Muhammed Bello Shehu, OFR, has reaffirmed the commitment of his organisation to exploring new areas of revenue generation into the Federation Account to support the developmental efforts of President Tinubu led administration.
The Chairman stated this when he received the delegation from the National Space Research and Development Agency, (NASRDA) led by Dr. Abayomi Taofik Alaga, Director Mission Planning and Satellite Data Management, who was in the Commission to enlighten Board Members and Management Staff on how to explore new revenue lines for the federation .
Represented by Engineer Muhammed Sanni Baba, Honourable member representing Bauchi state in the Commission, the Chairman disclosed that NASRDA was invited by the Commission to make a presentation on how to optimize possible areas of income generation into the Federation Account. This he said was in line with the core mandates of the Commission; to identify, mobilise, monitor, and recommend alternative sources of revenue into the Federation Account for sharing amongst the beneficiaries.
He said, “We welcome the delegation from NASRDA as they lead us to understand the details of the modus operandi of their organisation and enlighten us on how we can better achieve our mandate as the Agency responsible for generating revenues for the three tiers of government in Nigeria”.
The Chairman also disclosed the decision of the Commission to extend the collaboration between NASRDA to NIGCOMSAT to leverage optimized satellite operations in order to enhance monitoring and evaluation of accruals into the Federation Account.
A member of the delegation, Dr. Leke Oyewale, who is the Managing Director of Milky – Way Visuals, made an extensive presentation on the potential revenue streams that can be generated from space technology through the deployment of geospatial support . The NASRDA team explained various initiatives such as satellite development, space-based services, and commercialisation of space research that can generate revenue into the Federation Account.
Dr. Oyewale enunciated other revenue lines like bunker levies midstream operations, ocean meteorological services, satellite monitoring of pollution and recovery of spilled oil, cargo clearance platforms within the ports, automation of revenue lines, and the value addition to telecommunication companies.
He added that the aforementioned revenue lines covered the maritime, aviation, imagery, radio frequency analytics, and weather forecasting sectors. They are potentially capable of generating over 45 billion dollars per annum in the first two years, which could subsequently increase to 50 billion dollars per annum if adequately harnessed.
Other areas of national interest, according to the Milk-Way Visuals Limited representative, were the solid minerals and agricultural sectors, which could generate about 4.5 billion naira annually from mining operations in Nigeria and an annual income, from digital agriculture of N500 billion (five hundred billion naira).
Ambassador Ayuba Ngbako, Honourable Member representing the FCT in the Commission, who gave the vote of thanks, appreciated the participants and commended the National Space Research and Development Agency and Milk-Way Visuals Limited for the enlightenment on new revenue lines into the Federation Account through the use of space technology.
He reiterated the Commission’s commitment to incorporating the instrumentality of satellite technology and encouraged Members of the Board and staff of the Commission to apply the knowledge gained from the presentation in their operations to boost the Nigerian economy.
News
Eagle Times Newspaper Will Be Voice for Nigerians – Publisher Chukwunyere Vows
Joel Ajayi
The Publisher of The Eagle Times Nigeria, Sir Ikechukwu Chukwunyere, has pledged that the newspaper will promote accountability, credible journalism and public-interest reporting in its coverage of national affairs.
Chukwunyere made the commitment on Thursday, October 1, 2026, during the official unveiling and launch of The Eagle Times Nigeria.
He said the new media organisation was established not merely to add another newspaper to Nigeria’s media landscape, but to provide a platform committed to serving the public interest.
According to him, the newspaper’s guiding philosophy, “The Voice for the People, The Watchdog for the Nation,” places a responsibility on the organisation to listen to Nigerians, tell their stories, highlight issues affecting their daily lives and scrutinise those entrusted with public responsibilities.
“To be a voice for the people means that we must listen to Nigerians, tell their stories, highlight their concerns and give visibility to issues that affect their daily lives,” he said.
The publisher added that The Eagle Times would be guided by accuracy, fairness, professionalism, credibility and responsible journalism, stressing that the newspaper would not publish stories merely because they were sensational.
“We will verify. We will investigate. We will seek the other side. We will correct our mistakes when we make them,” he said.
Chukwunyere further stated that the newspaper would endeavour to give individuals and organisations the opportunity to respond whenever allegations were made against them.
“Our commitment is not to any political party, government or individual. Our primary commitment is to journalism, to truth and to the Nigerian public,” he said.
He noted that the newspaper was launching at a time when the media industry was undergoing rapid transformation, with audiences increasingly consuming news through digital platforms, including websites, television, podcasts and social media.
He said The Eagle Times would therefore operate as a multimedia organisation, combining its newspaper with digital platforms and The Eagle Times TV to reach audiences across different channels.
According to him, the organisation also intends to create opportunities for young journalists, writers, photographers, producers, digital creators and other media professionals to develop their skills and contribute to journalism and national development.
Chukwunyere said the newspaper’s coverage would include politics, governance, business, economy, security, judiciary, education, health, technology, sports, entertainment, lifestyle and international affairs.
He, however, said the organisation intended to distinguish itself not only by the subjects it covered but by the quality and approach of its journalism.
We want to tell stories that matter, we want to investigate issues that require investigation, we want to highlight Nigerians who are making a difference, and we want to give communities that are often ignored an opportunity to be heard,” he said.
The publisher acknowledged the challenges involved in establishing a newspaper, saying the venture required investment, commitment, professional discipline and the courage to pursue an idea.
He expressed appreciation to the management, editorial, reporting, production and digital teams, as well as families, friends, partners and supporters who contributed to the establishment of the organisation.
Chukwunyere also assured readers, viewers and the newspaper’s digital audience that The Eagle Times would strive to earn their trust and remain accountable to the standards it had set for itself.
He said the newspaper’s success would not be measured only by circulation figures, website traffic or social media followers, but also by the confidence Nigerians placed in its journalism.
“Today, we spread our wings. Today, The Eagle Times takes flight,” he said, reaffirming the newspaper’s commitment to its slogan: “The Voice for the People, The Watchdog for the Nation.”
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