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FG Slows Down Implementation Of IPPIS

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The Federal Government has “slowed down’’ on the implementation of the Integrated Personnel and Payroll Information System (IPPIS) because of intermittent internet connectivity problems.

Accountant-General of the Federation, Mr. Jonah Otunla, made this known on Tuesday in Abuja during an oversight visit to his office, the Treasury House, by members of the House Committee on Finance.

The IPPIS is the platform upon which most federal civil servants are paid their salaries.

Otunla told the visiting lawmakers that lately, the system had encountered some difficulty resulting in late payment of salaries of workers in the public service.

He also attributed the delay in payment of salaries to late disbursements of allocations to the three tiers of government by the monthly Federal Accounts Allocation Committee (FAAC) meeting.

The accountant-general said that his office had sought the assistance of Galaxy Backbone, a Federal Government-owned ICT agency, to resolve the connectivity problem.

“We have been talking with the various agencies of government that are involved in this and we are sure that very soon we will overcome the connectivity problem.

“Because of this connectivity problem, we have decided to slow down the implementation, particularly of our IPPIS.

“The press is awash with barrages of complaints of late payment of salaries, particularly this month.

“The main factor accountable for this delay, apart from the awkward shifting of the FAAC meetings, we have some system problems that are not too strange to a system that is just taking off.’’

Reports say that two indigenous ICT firms are handling the project namely the Grand Central Ltd., which is the project manager while the solution vendor is Soft Alliance and Resources Ltd.

We gathered that since its first roll-out in October 2006 more than 100,000 public workers have been covered by IPPIS in 94 Ministries, Departments and Agencies (MDAs).

Expressing concern on the implementation of the IPPIS, Rep. Abdulmumin Jibrin, Chairman, House Committee on Finance, urged the accountant-general’s office to give it priority attention.

“Mr Accountant-General, we will expect that on the issue of IPPIS, you should give more emphasis to ensure that it is well managed and implemented,’’ he said.

He said the office should also ensure timely disbursement of capital expenditure within the confines of the provisions of the law.

The legislator also stressed the need for the AGF’s office to share constant information with the House committee.

“Sometimes you make the job of the parliament much easier for us when agencies give us updates of what they do on monthly or quarterly basis voluntarily.

“At the end of the day we might make an input in it or we might need such information to help us, help you and help the country.’’

Jibrin solicited the support of the accountant-general in training of legislators in the committee on financial matters.

He described financial matters as quite sensitive and highlighted that one of the biggest challenges facing the country was generating enough revenue to fund the deficit in this year’s budget.

“In that regard a lot of knowledge is required; a lot of knowhow is required; a lot of capacity-building is required.

“And so, what we are saying is this: in the spirit of the exchange and cooperation that exists between us and the fantastic relationship you have built in the last 11 months between this office and the Committee on Finance, whenever such capacity building comes up you can extend that also to the House.

“So that we can build our capacity at the same pace, so we can be on the same page on all the issues that we need to legislate on or work on for the betterment of this country.’’

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Nigeria Loses N17tr Yearly To Abandoned Projects

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The Federal Government has disclosed that it has lost an estimated N17 trillion to abandoned and uncompleted projects across the country.

The Minister of State for Industry, Trade and Investment, John Enoh said this at the 8th annual induction and conference of the Chartered Institute of Project Managers of Nigeria (CIPMN).

He explained that abandoned projects continue to lock up public funds that could have been used for infrastructure development, industrial growth, job creation and essential social services.

Represented by the ministry’s Permanent Secretary, Chris Osa Isokpunwu, he said the impact goes beyond financial losses, as incomplete projects affect communities and limit access to important public services

He cited examples of  that remain unopened, schools that cannot accommodate students, roads that fail to connect communities and electricity projects that have not delivered their intended benefits.

The Registrar-General and Chief Executive Officer of CIPMN, Henry Ifeanyi Mbadiwe, also identified poor project management as a major challenge affecting development in Nigeria.

He revealed that the institute had developed a project management curriculum for Nigerian universities, which has received approval from the National Universities Commission (NUC). The programme is expected to enable universities to offer project management as a bachelor’s degree.

Mbadiwe further referenced findings by the Presidential Projects Assessment Committee, which identified 11,886 ongoing federal capital projects in 2011, with an estimated financial commitment of ?7.78 trillion.

He noted that inadequate planning, supervision, accountability and implementation were among the factors contributing to the abandonment of projects across the country.

The minister called for stronger project management structures across ministries, departments and agencies to improve planning, monitoring and evaluation.

He added that the Federal Ministry of Industry, Trade and Investment had introduced a 90-day implementation reporting cycle to strengthen transparency and monitor the progress of government programmes.

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Transcorp Power seeks sustained investment across Nigeria’s electricity value chain

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Transcorp Power Plc Managing Director and Chief Executive Officer Peter Ikenga has called for sustained investment across Nigeria’s electricity value chain to improve power supply and make the sector self-sustaining.

Ikenga said the company remained committed to Nigeria’s power sector and would continue investing in its operations despite the challenging business environment.

He spoke in Lagos at the third edition of the Shell Power Conference, themed “Powering Nigeria’s Progress: Turning Ambition and Action into Sustainable Impact”.

The Transcorp Power chief said the company would sustain electricity generation, invest in its facilities and deliver value to shareholders.

“Transcorp Power is a long-term player, not a short-term player. This year has been challenging, but what is important is getting power to schools, hospitals and businesses to power progress,” he said.

Ikenga said the company’s focus on operational efficiency and investment had strengthened its contribution to Nigeria’s electricity supply.

He disclosed that since acquiring the Ughelli Power Plant in Delta State in 2013, Transcorp Power had quadrupled its available generation capacity.

He also said the company became the first privatised power generation firm to receive a post-privatisation discharge certificate after fulfilling all its privatisation obligations.

The company’s unaudited results for the nine months ended September 30, 2026, showed a profit before tax of N83.1 billion, while its profit-before-tax margin rose to 31.2 per cent from 29.6 per cent recorded in the corresponding period of 2025.

Its total assets rose to 11.7 per cent amounting to N629.5 billion, while shareholders’ funds grew 8.9 per cent to N199.8 billion. Cash and cash equivalents also rose to N10.3 billion, supported by improved collections.

On the company’s contribution to grid stability, Ikenga said Transcorp Power’s black-start capability enabled it to restart operations without relying on electricity from the national grid.

He explained that the capability allowed the company to support power restoration following grid disturbances, helping to restore electricity supply to homes, businesses and industries.

Ikenga noted that Nigeria had an installed electricity generation capacity of about 13,000 megawatts, with an estimated potential of 50 gigawatts, adding that realising the potential would require effective coordination across the entire value chain.

“Everything in the value chain has to work,” he said.

He called for stronger collaboration among federal and state governments, regulators and private-sector operators, alongside increased private investment, to build a sustainable electricity market.

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FG generates N33tn revenue in 10 months – Oyedele

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The Federal Government generated a record of N33tn in revenue between January and October 2026, with improvements in digital tax administration and electronic invoicing boosting collections.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed
this while delivering the convocation lecture at the University of Uyo, Akwa Ibom State, where he called for greater investment in Nigeria’s digital infrastructure to strengthen economic competitiveness and government revenue mobilisation.

This was contained in a statement issued on Thursday by his Senior Special Assistant on Communications and Press Secretary, Maryann Duke.

The statement said Oyedele pointed to “improved digital systems, including electronic invoicing, as a key driver behind a record of  N33tn in government revenue collected between January and October 2026.”

The minister said the performance demonstrated the potential of technology to improve revenue administration, strengthen compliance and increase efficiency across government institutions.

Speaking on the theme, ‘Digital Sovereignty and Ethics: Guarding the Economy for the Next Generation,’ Oyedele warned that Nigeria risked losing substantial economic opportunities if it continued to depend heavily on foreign digital infrastructure.

Citing Nigerian Communications Commission figures, he disclosed that the country recorded more than 157 million active internet subscriptions as of May 2026.

He explained that these connections generated significant volumes of information through financial transactions, healthcare, education and taxation.

However, citing estimates from the Nigeria Data Protection Commission, Oyedele said as much as 90 per cent of the country’s data was hosted abroad.

According to him, the situation has implications for foreign exchange expenditure, employment opportunities, technological skills and Nigeria’s control over information generated by its citizens.

He compared the country’s reliance on foreign digital infrastructure with its historical dependence on imported refined petroleum products, warning against a situation where Nigerian data would be processed abroad and the resulting services sold back to domestic users.

The minister consequently advocated greater investment in local data infrastructure, technical expertise, cybersecurity and predictable regulations to enable Nigerian businesses to capture more value from the digital economy.

He clarified that digital sovereignty should not translate into technological isolation but should strengthen Nigeria’s capacity to participate competitively in international markets.

Addressing graduating students, Oyedele urged young Nigerians to become developers of technological solutions rather than remain primarily consumers of products created elsewhere.

He identified artificial intelligence as both a disruptive force and an opportunity for innovation, advising graduates to acquire relevant digital skills alongside critical thinking, creativity, sound judgement and integrity.

The minister also cautioned against irresponsible online behaviour, explaining that digital footprints increasingly influence employment prospects, commercial relationships and professional credibility.

Oyedele outlined five priorities for graduates, including continuous learning, value creation, integrity, responsible digital citizenship and active participation in national development.

“Your degree is evidence of what you have learned. Your competence will demonstrate what you can do. Your character will reveal who you truly are,” he told the graduating students.

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