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Chime Presents N93.29bn Budget To Assembly

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The Enugu State Governor, Barrister Sullivan I. Chime, last Tuesday presented to members of the State House of Assembly the  2014 Draft Budget of  N93,287,000,000 for their consideration and approval.

Governor Chime explained that the amount was presented in order to consolidate on the gains of his administration in the past six and half years,  so as to maintain effective service delivery to the people and lay a solid foundation for the next administration.

According to him, this is higher than the 2013 budget size of N83,773,203,408 by N9,513,796,592 representing 11%  increase.

The budget, he further said,  is made up of N39, 342,549,163 as Recurrent Expenditure, which is 42% of the budget, while N53, 944,450,837 is for Capital Expenditure, representing 58% of the entire envelope.

He maintained that government also expected a Recurrent Revenue of N57, 490,114,000, adding that  government also  intends to realize this amount through internally-generated revenue which is estimated at N9,190,114,000) representing 16% and the state share of Federal Revenue put at N48,300,000,000, which is 84%.

“ I want to emphasize that our priority will be to complete on-going urban and rural roads, some of which we are doing in partnership with the affected local government councils on a 70:30 ratio.

“Today, our destination is in sight and as we take a long view at our 2015 transition, I am proud to say that we have done our best to uphold the terms of the social contract with our people”, he said.

On security, Governor Chime said: “To ensure safe neighbourhoods and security for lives and property across the state, this administration has always endorsed giving the law-enforcement agents the tools to combat crimes. Only recently, Government donated another set of one hundred security vehicles fitted with communication gadgets to the Nigerian Police for intra-city surveillance and inter-city monitoring”.

Other priority urban roads to be executed include the dualization of Nike Lake road and the rehabilitation of Abakpa-Nike Road and Ugwuaji-Awkananaw by Kenyatta.

The on-going construction of the new ultra-modern State Secretariat complex, he  said  the project  has reached an advanced stage, pointing out that work has also started on the new Governor’s office (Lion Building) and “is progressing steadily”. Government aims to complete and equip these buildings in the coming year.

His words: “To accomplish these lofty goals, the sum of N15.623 billion was allocated to the Ministry of Works and Infrastructure in the 2014 budget”.

Governor Chime said that the Ministry of Agriculture was allocated the sum of N2.401 billion with a lot of emphasis on the sustenance of the San Carlos Pineapple programme and the completion of work at Heneke and Adani farms as well as the development of the 17 green cities in the 17 local government councils.

“As we reform the education sector, rebuild infrastructure to create the right teaching and learning environment, ensure stricter supervision and sustain the free education policy, we will keep alive the dream to offer functional and qualitative education to our wards at different educational tiers.

The education sub-sector has a total allocation of N5.78 billion in the 2014 budget. This covers allocations to the Ministry of Education, State Universal Education Board, the Post-Primary School Management Board, Enugu State University of Science and Technology (ESUT), Institute of Management and Technology (IMT), College of Education (Technical), State Scholarship Board and the Science & Vocational Schools Management Board”.

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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