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Govt Compulsory Savings Hit N34bn

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Rivers State Government, says it has saved about N34 billion for the state’s monthly N1 billion compulsory saving scheme started about three years ago.

The Commissioner for Finance, Dr Chamberlain Peterside disclosed this on Monday during an interaction with newsmen in Port Harcourt.

Dr Peterside explained that the state government spends about N8 billion monthly on salaries, pensions and overheads, stressing that with the dwindling allocation from the Federal Government, there was need to scale up efforts at Internally Generated Revenue (IGR).

He hinted that Rivers State had the potentials to generate about 50 per cent internally like Lagos State that generates about 70 per cent internally to augment its federal allocation.

The Finance Commissioner said the state internal revenue sources generate about 10 per cent and attributed the lapses to leakages in the system, noting that strategic plans had been put in place to halt the trend.

According to him, the Ministry of Finance had undergone transformation in line with the vision of the governor to be transparent and accountable, emphasising that the accounting system had been modernised to meet global best practices.

Dr Peterside hinted that the ministry had taken over the pay rolling of workers’ salary since June 2012, and commenced the issuance of pay slips to workers, adding that the computerised system of record keeping would help in detecting errors in the process.

On government borrowing, the commissioner debunked insinuations that Rivers State Government was broke, pointing out that the borrowing was to finance specific projects to completion level and not to pay workers salaries.

He said the state government operates a centralised fund system for all arms of government which helps in proper categorisation of liabilities, noting that fund releases start with budgetary provision and due process before payments are made.

“In course of harmonisation in the system, we discover that some people in say level 8 or 9 take the salary of grade level 13 or above, but all that has been corrected and we shall no more have such kind of fraud, we are trying but give us more time,” the finance boss said.

Also speaking, the Executive Chairman, Board of International Revenue, Mrs Onone Osila Obelle-Oshoko said the board was trying to rebuild the confidence of residents of the state to pay their taxes.

She noted that the old tax system in Rivers State allows 5 per cent of workers basic, that is not found in any law but the current tax regime is based on the Gross Income as contained in the amended Tax Law.

The chairman harped on the need to enlighten the public by giving the right information, emphasising that the state was endowed with potentials to increase internally generated revenue.

Meanwhile, the Rivers State Government has signed an agreement with a United States firm, International Trauma and Critical Care Centre Limited (ITCC) to recruit staff and manage two world class hospitals, Professor Kelson Harrison’s Hospital and Maxilo-Facia Hospital in Port Harcourt.

The Commissioner of Health, Dr Sampson Parker, who signed the agreement on behalf of the government with the group at the Ministry of Health in Port Harcourt, said the agreement was to hand over the operation and management of the two hospitals for effective management and maintaining international standards.

“Our vision to allow an experienced international firm to run the hospitals was not to have gain, but to have quality and standard healthcare that would discourage people from going overseas in search of standard treatment.

We carefully selected ITCC group, an international medical group from among the bidders internationally, as the best experience in hospital operation and management to run the hospitals to international standards, where people all over the world would be coming for medical care, this is exactly the vision of this government under Governor Chibuike Rotimi Amaechi”, Dr Parker explained.

The commissioner urged the firm led by the Country Representative, Dr Sydney Ibeanusi to ensure that the vision of the state governor, Rt. Hon Chibuike Rotimi Amaechi to have quality health care was achieved.

He said, though the hospital would be completely run by the firm, which also has the power to recruit, sack, maintain and manage the hospital, the state ministry of health through the Hospital Management Board, would be playing the supervisory role on the hospitals like any other hospitals in the state.

According to the Health Commissioner, the two hospitals built and equipped a year ago would be commissioned before January, 2013.

He said the Prof Kelson Hospital is situated at the former Niger Hospital, at Emenike Street, Mile II, Diobu, Port Harcourt while Dental Maxilo-Facia Hospital is at Aba-Road, Opposite Garrison in Port Harcourt.

Dr Parker further disclosed that the hospital would also accommodate free medical, as money would be paid by the state government to the management of the hospitals for any free medical treatment referred to them.

Signing the agreement with the state government, the representative of International Trauma and Critical Care Centre Limited (ITCC) and National Project Co-ordinator, Dr Sydney Ibeanusi commended the state government for its commitment to give the people of the state and the country an international quality healthcare facility.

According to him, ITCC firm was an articulate concept to partner with professionals around the world to see how it could give out an international quality healthcare to the developing countries around the globe as it was the practice in developed countries like Israel, Russia, Europe, America, among others.

Dr Ibeanusi who noted that Rivers State Government was the first to embrace the group in Nigeria, promised to ensure an available, accessible and sustainable international quality healthcare that would meet the vision of the state governor.

He said with the signing of the agreement, the two hospitals would be put into effective operation before January 2013.

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Nigeria Exceeds OPEC Quota As Production Hits 11-month High

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Nigeria’s crude oil production has surged to an 11-month high in May, 2026, with the country exceeding its Organisation of the Petroleum Exporting Countries (OPEC) production quota.

The average crude oil production recorded during the month of May represents 102 per cent of Nigeria’s 1.5mbpd of production quota allocated by the OPEC.

The production report released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), yesterday, disclosed that Nigeria’s oil production averages 1,530,354 barrels of crude oil and 170,446 barrels of condensates per day (bpd).

According to the report, this brings the total combined production to 1, 700, 800 barrels per day and consolidating Nigeria’s position as Africa’s largest oil producer.

The report said the production performance during the review period remained robust, with combined crude oil and condensate output ranging between a low of 1.51 million bpd and a peak of 1.86 million bpd.

It said the May 2026 production figures represented the highest recorded by Nigeria since July 2025, when output surged to 1,712,282.

“In strict crude oil terms (excluding condensates), the 1.53 million barrels recorded in May 2026 represents the highest Nigeria has witnessed since January 2025 when crude oil production hit 1.538mbpd.

“The latest crude oil production statistics thus represents a 15-month high on a month on month basis, production rose by 2.77 per cent in May 2026 as against 1.48mbpd in April,” it said.

The report said the broader production trend over the last five months had also remained positive.

It said combined crude oil and condensate output increased from 1.48 million bpd in February to 1.54 million bpd in March, 1.66 million bpd in April, and then 1.7 million bpd in May, underscoring sustained growth in Nigeria’s hydrocarbon production levels.

According to the report, among production streams, Bonny Terminal led the pack with a total blend of 293,870 bpd, closely followed by Forcados Terminal at 289,900 bpd, Qua Iboe ranked third with 173,360 bpd, while Escravos Oil Terminal contributed 135,470 bpd.

It said the Odudu (Amenam Blend) completed the top five production streams, accounting for 63,250 bpd during the month under review.

The NUPRC attributes the rise in production to a sustained positive momentum as operations remained stable throughout the reporting period with no significant pipeline or facility outages recorded.

Additionally, all previously scheduled turnaround maintenance activities had been successfully completed, contributing to improved operational reliability and production efficiency.

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Reps Pass State Police Bill

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The House of Representatives, yesterday passed a landmark constitutional amendment bill to establish state police nationwide, marking a significant milestone in Nigeria’s decades-long debate over decentralising policing and strengthening internal security.

The bill, titled “A Bill for an Act to Alter the Constitution of the Federal Republic of Nigeria, 1999 to Provide for the Establishment of State Police and for Related Matters (Sixth Alteration) Bill, 2026,” was approved during consideration at the Committee of the Whole, presided over by Speaker of the House, Rt. Hon. Tajudeen Abbas.

Voting commenced after the Deputy Speaker and Chairman of the House Committee on Constitution Review, Hon. Benjamin Kalu, presented the report on the proposal and canvassed support from lawmakers, stressing the need for a more decentralised policing framework to effectively address the country’s growing security challenges.

The exercise was conducted manually, with members raising their hands to indicate their positions. At the end of the voting, 289 lawmakers voted in support of the bill, one member abstained, while none voted against it, reflecting overwhelming bipartisan backing for the far-reaching reform.

The proposed amendment seeks to fundamentally restructure Nigeria’s policing architecture by creating both Federal and State Police formations.

One of the bill’s key provisions amends Section 214 of the 1999 Constitution to formally establish the Federal Police and the State Police. Under the proposal, the National Assembly would be empowered to prescribe the structure, organisation, administration and powers of the Federal Police, while also providing the legal framework and minimum standards for the establishment and operation of state police services.

The bill stipulates that no state police formation shall commence operations unless it is established by a law enacted by the relevant State House of Assembly and certified as complying with national minimum standards prescribed by an Act of the National Assembly.

It further provides that until a state police force becomes operational, the Federal Police shall continue to exercise policing powers and responsibilities within such states.

In a bid to preserve the autonomy of state police formations and prevent undue federal interference, the bill limits federal intervention in states’ internal security affairs. Under the proposal, the Federal Police may intervene only where there is a complete breakdown of law and order, upon the request of a governor or where a state police force becomes unable to function due to administrative, financial or other operational challenges.

The amendment also proposes significant changes to the police’s appointment and command structure.

Under the amended Section 215 of the Constitution, the Inspector-General of Police would be appointed by the President on the advice of the Nigeria Police Council from among serving members of the Federal Police, subject to confirmation by the National Assembly.

Similarly, a State Commissioner of Police would be appointed by a governor on the advice of the Nigeria Police Council from among serving officers of the State Police, subject to confirmation by the respective State House of Assembly.

The bill empowers governors to issue lawful directives to State Commissioners of Police on matters relating to public safety and the maintenance of law and order. However, where a commissioner considers such directives unlawful or inconsistent with accepted policing standards, the matter may be referred to the Nigeria Police Council, whose decision shall be final.

The proposal also amends Section 84 of the Constitution by replacing references to the “National Police Council and the Federal Police Service Commission” with the “Nigeria Police Council and the Police Service Commission.”

The passage of the bill by the House represents one of the most far-reaching security reforms contemplated since the return to democratic rule in 1999 and is expected to rekindle nationwide debate on issues relating to funding, accountability, operational control and safeguards against abuse.

With the House’s approval, the constitutional amendment bill will now proceed to the Senate for concurrence. Thereafter, it must secure the endorsement of at least two-thirds of the State Houses of Assembly and receive presidential assent before becoming part of the Constitution of the Federal Republic of Nigeria.

If eventually enacted, the legislation would usher in a new era of multi-layered policing in Nigeria and could redefine the country’s approach to tackling banditry, terrorism, kidnapping and other forms of violent crimes through a more localised security architecture.

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FG Declares Today Public Holiday To Mark Democracy Day

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The Federal Government has declared today, public holiday to commemorate Nigeria’s 27 years of unbroken democratic rule.

This is contained in a statement  in Abuja, by the Permanent Secretary, Ministry of Interior, Magdalene Ajani.

Ajani said that the  Minister of Interior, Dr Olubunmi Tunji-Ojo, made the declaration on behalf of the federal government.

Tunji-Ojo reaffirmed the federal government’s commitment to the preservation of democratic ideals, rule of law, transparency, accountability and inclusive governance.

He assured that the ministry in collaboration with relevant security agencies woulsd continue to take appropriate measures in maintaining and strengthening Nigeria’s internal security.

The minister noted that a secured and stable environment was essential to democracy and national development.

He urged Nigerians to see the holiday as an opportunity for civic reflection.

“As we mark this historic day, every Nigerian is encouraged to remain law-abiding, uphold the institutions that sustain our democracy, and remember that the strength of any democracy lies ultimately in the character of its citizens,” he said.

He also said that June 12 every year remained a significant day in Nigeria’s history in honour of the courage, resilience and sacrifices of Nigerians whose efforts made democratic governance possible.

“Their legacies continue to inform the values and responsibilities of the Nigerian state,”Tunji-Ojo added.

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