Business
‘Stop The Killing’
Golda Mabovitz was born in Kiev, Ukraine in
1898. Her parents emigrated with their family to the United States in 1906 where she attended school and teacher training college in Milwaukee. She joined the Labour Zionist Party in 1915, an early indication of her political interest.
In 191 7 she married Morris Myerson and later changed her married name to Meir.
As a qualified teacher she taught in local schools for several years, but in 1921 she and Morris went to live in Palestine, joining a kibbutz where they helped with farm work, before moving to Tel Aviv where Golda Meir worked as a treasurer in the Office of Public Works of the Histadruth (Trades Union Federation).
From 1928, as secretary of the Working Women’s Council in Palestine, she became its representative on the executive of the Histadruth. From the following year she acted as a delegate to congresses of the World Zionist Organisation and became increasingly involved with politics as a member of the executive of the Jewish National Council in Palestine.
In 1948 Golda Meir was appointed a member of the Provisional Government and became Israel’s Ambassador to the Soviet Union. She joined the Knesset in 1949, serving as Minister of Labour and National Insurance until 1956, when she became Foreign Minister, a post she held for ten years. In this period, she came to international prominence, continuing a close relationship with the United States, and also forging links with South America and the newly independent countries of Africa.
This was a difficult period for the young state of Israel. It featured armed struggles with nearby Arab countries, including the Six-Day War in June 1967 when Israel attacked Egypt, Syria and Jordan, gaining much territory, including East Jerusalem, the West Bank, Sinai and the Golan Heights, and causing simmering Arab resentment.
Golda Meir finally become Prime Minister in March 1969, at the age of 71. In a famous address to the Knesset in May the following year, she offered to extend the hand of peace to Israel’s Arab neighbours but also voiced her fears about their aggressive intentions, warning in particular of Egypt’s military relationship with the Soviet Union.
Sadly, her worst fears were to come true with the outbreak of the Yom Kippur War on 6 October 1973, when Egypt and Syria combined forces against Israel. Meir and her Labour Party won the election of December 1973 but in 1974 she resigned, in the aftermath of the war .
… In recent months, and in the past weeks especially, the security situation worsened seriously on the southern front in particular, and the harmful effect that is felt on the other fronts also.
The main feature of this escalation and tension is an advanced and dangerous stage of Soviet involvement in Egypt, at the beck and call of Egyptian aggressive and infractions of the ceasefire. There is no precedent for this involvement in the history of Soviet penetration into the Middle East, and it is encouraging Egypt in its plan to renew the war of attrition and so move further along the path of its vaulting ambition to vanquish Israel. …
The Israel Defence Forces have punished this vainglorious aggression. I shall retell the tale of their courage and resource: the digging in, the daring operation of the Air Force, the power of the armour. Aggression has been repelled, the enemy’s timetable upset and the pressure on our front line eased by our strike at vital enemy military targets along the Canal and far behind it and confouncding his plans for all-out war. True, to our great sorrow, we have suffered losses in killed and wounded, but our vigorous self-defence has thwarted Egypt’s scheming and stultified its endeavours to wear us down and shake our southern front.
‘No small nation, no minor nation, can any longer dwell in safety within its frontiers.’
Thus bankrupt, the Cairo regime had only the choice between accepting Israel’s constant call to return to reciprocal observance of the ceasefire, as a stepping-stone to peace, or leaning more heavily still on the Soviet Union to the point asking it to become operationally involved, so that Egypt might carryon the, of attrition, notwithstanding the unpleasant repercussions of that involvement Egypt chose the second course .
… We have informed Governments of the ominous significance of this new phase in Soviet involvement. We have explained that a situation has developed which ought to perturb not only Israel, but every state in the free world. The lesson of Czechoslovakia must not be forgotten. If the free world – and particularly the United States, its leader can pass on to the next item on its agenda without any effort to deter the Soviet Union from selfishly involving itself so largely in a quarrel with which it has no concern, then it is not Israel alone that is imperilled, but no small nation, no minor nation, can any longer dwell in safety within its frontiers.
‘The aspiration to peace IS … the cornerstone of our pioneering life and labour.’
… Three years after the Six-Day War, we can affirm that two fundamental principles have become a permanent part of the international consciousness:
Israel’s right to stand fast on the ceasefire lines, not budging until the conclusion of peace that will fix secure and recognised boundaries; and its right to self-defence and to acquire the equipment essential to defence and deterrence. … The aspiration to peace is not only the central plank in our platform, it is the cornerstone of our pioneering life and labour. Ever since renewal of independence, we have based all our undertakings of settlement and creativity on the fundamental credo that we did not come to dispossess the Arabs of the land but to work together with them in peace and prosperity, for the good of all.
… We have not wearied of reiterating, day in, day out, our preparedness for peace: we have not abandoned hopes of finding a way into the hearts of our neighbours, though they yet dismiss our appeals with open animosity.
Today again, as the guns thunder, I address myself to our neighbours: Stop the killing, end the fire and bloodshed which bring tribulation and torment to all the peoples of the region! End rejection of the ceasefire, end bombardment and raids, end terror and sabotage!
To attain peace, I am ready to go at any hour to any place, to meet any authorised leader of any Arab state – to conduct negotiations with mutual respect, in parity and without pre-conditions, and with a clear recognition that the problems under controversy can be solved. For there is room to fulfil the national aspirations of all the Arab states and of Israel as well in the Middle East, and progress, development and cooperation can be hastened among all its nations, in place of barren bloodshed and war without end.
Business
Bayelsa To Spend N1.24trn As Diri Presents 2027 Appropriation Bill …Works, Education, Sports, Others Gulp Lion’s Share
Bayelsa State Governor, Senator Douye Diri has presented the 2027 Appropriation Bill of the State to State House of Assembly.
Christened the ‘’Budget of Assured Prosperity for Sustainable Growth and Development”, the appropriation bill was based on a projected revenue of N1,242, 688,970,520,22.
The Governor said the 2027 proposals were derived from broad stakeholder engagements involving traditional rulers, technical experts, the organised private sector and citizens across the state, noting that it was a historic budget being the first as the state was beginning its fourth decade and presented at a time sustained investments were visible in all the local government areas.
“Our fiscal priorities remain clear: roads and bridges that connect communities, better health and education services, reliable power and an environment in which businesses and families can thrive”, he said.
Presenting the estimates, governor Diri said N840.791 billion representing approximately 68 per cent was proposed for capital expenditure while recurrent expenditure was put at N401.897 billion representing approximately 32 per cent.
He observed that the proposed budget was approximately 22 per cent larger than that of the 2026 fiscal year, which was N1.016 trillion, just as he listed some strategic projects that would continue to receive priority attention in 2027, saying they were all at advanced stages of completion.
The projects according to the governor, include the Ekeremor–Agge Road Phase I, Nembe–Brass Road Phase I, Akaba–Ayakoro Road with spur to Otuegwe 1, Glory Drive Phase 3, Agbere-Elemebiri Road, the 30,000-seater stadium at Igbogene, and the nine-storey state secretariat complex.
The governor expressed the conviction that with work progressing on the three senatorial roads, all local government headquarters would be connected to the state capital and boost socio-economic activities across the state.
“With work progressing on all senatorial causeways, we are moving closer to an ambition our people have held since the creation of the state: to connect the capital to every local government headquarters and open up access to our coastal communities. This will boost fisheries, marine and blue economy enterprises, and tourism.
“These projects demonstrate that our beautiful terrain should not limit our ambition. With resolve, sound planning and prudent management, Bayelsa is building what many once thought were impossible”, he added.
Giving a breakdown of the sectoral allocations, Works and Infrastructure got the lion’s share of N422.84 billion followed by Education ¦ 126.97 billion and Sports ¦ 68.50 billion.
Also, Health was allotted ¦ 53.32 billion, Security N24 billion, Public Utilities N22.94 billion and Agriculture got N17.74 billion.
Diri charged the Ministry of Budget and Economic Planning to enforce coordination, transparency and accountability and ensure effective implementation of the budget.
According to him, government would continue to improve its model schools, support accreditation of programmes in tertiary institutions, strengthen science and technical education and introduce digital learning tools in schools.
He added that the administration would pursue the upscaling of its 60 megawatts independent power plant to 100 megawatts and prioritise water provision in 2027.
He also remarked that the allocation to the sports sector would enable government accelerate work on the stadium project as the state prepares to host the National Sports Festival.
In his remarks, Deputy Speaker of the House of Assembly, Rt. Hon. Michael Ogbere, commended Governor Diri for the successful implementation of the 2026 budget, and appreciated him for his visionary leadership.
Hon. Ogbere described Diri as a peace maker, bridge builder and a leader who has constructed roads and bridges across 80% of all communities in the state, expressing confidence that the projects outlined were achievable.
The Deputy Speaker assured the governor of the 7th Assembly’s support and speedy passage of the budget while the Majority Leader, Rt. Hon. Monday Bubou, moved a motion for the members to pass a vote of confidence on Governor Diri and the administration, which was unanimously endorsed by the lawmakers.
Ariwera Ibibo-Howells, Yenagoa
Business
NNPC Targets Two Million Bpd Productions In 2027
The Nigerian National Petroleum Company Limited (NNPC) has said that ongoing reforms in Nigeria’s oil and gas sector have lifted national crude oil production by 600,000 barrels per day, from about 1.2 million barrels per day to 1.8 million barrels per day.
According to the company, the improvement has strengthened Nigeria’s position as a destination for international energy investment.
Group Chief Executive Officer ( GCEO) of NNPC Limited, Engr. Bashir Bayo Ojulari, made the remarks last week at an Energy Talk titled “Nigeria’s Reform Agenda: Competing for Energy Capital”, moderated by John Defterios, Chairman, MENA, APCO, at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.
Ojulari linked the production growth to the implementation of the Petroleum Industry Act (PIA) 2021, an improved investment climate, better investment decisions, and stronger collaboration between NNPC Limited and its partners.
He said the current output level is a milestone in NNPC Limited’s journey towards its 2 million barrels per day target by 2027.
The Company, he explained, is focused on maintaining infrastructure, protecting base production, increasing output from existing assets, and advancing new projects designed to lift production further.
“The figure of 1.8 million barrels per day is a stage in a journey towards our objective.
We are concentrating on the basics, which are maintaining our infrastructure, protecting base operations and executing the projects that will take production higher,” Ojulari stated.
On the domestic market, the GCEO said the removal of petrol subsidy has been accompanied by an expanded Compressed Natural Gas (CNG) programme.
He noted that over 400 CNG conversion centres have been established, while more than 1,000 trucks are transporting petroleum products
Nkpemenyie Mcdominic, Lagos
Business
SEREC Demands Independent Forensic Audit Of NIMASA CVFF Funds
The Sea Empowerment and Research Centre (SEREC) has call for an independent forensic audit of the Nigerian Maritime Administration and Safety Agency (NIMASA), following conflicting claims over the management and currency status of the Cabotage Vessel Financing Fund (CVFF).
The centre said the controversy surrounding the fund had reinforced its earlier concerns about transparency, accountability and the possible erosion of contributions through currency conversion and administrative decisions.
In a reaction titled, “Cocks Crow at Dawn — On the CVFF Audit Crisis,” forwarded by SEREC’s representative, Eugene Nweke, the organisation said the latest revelations had vindicated its earlier calls for a comprehensive examination of NIMASA’s accounts from 2004 to date.
SEREC said former NIMASA Director-General, Temisan Omatseye, had disclosed that dollar-denominated contributions were converted into naira and invested in fixed deposits during his tenure, while the incumbent Director-General, Dr Dayo Mobereola, maintained that the fund remained in dollars with the Central Bank of Nigeria.
The organisation said the conflicting accounts raised questions about the actual value, location and management of the fund, which was to provide financing support established for indigenous shipowners under the Coastal and Inland Shipping (Cabotage) Act.
It argued that shipowners, as contributors to the fund, deserved documentary evidence showing how much had accrued, where the money was domiciled, the interest generated and the amount currently available for disbursement.
SEREC also warned that converting dollar contributions into naira exposed the fund to significant foreign exchange losses, given the depreciation of the local currency over the years.
According to the organisation, if the contributions were converted into naira and retained in that currency, the fund could have suffered a substantial erosion in its real value, undermining its original objective of strengthening indigenous shipping capacity.
It maintained that the CVFF was contributors’ money and should not be treated as government largesse, stressing that shipowners had a legitimate right to demand accountability.
The centre further criticised maritime industry stakeholders, particularly shipowners’ associations, for allegedly prioritising access to the fund over sustained demands for transparency in its management.
SEREC insisted that no disbursement should take place without a comprehensive forensic audit to establish the fund’s financial history and current position.
It said the audit should cover all contributions, currency conversions, investments, accrued interest and administrative transactions relating to the fund from 2004 to date.
The organisation said the findings would provide the necessary clarity on the financial position of the CVFF and help restore confidence among indigenous shipowners seeking access to the facility.
Nkpemenyie Mcdominic, Lagos
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