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18 Firms Set To Audit MDAs …As FG Reviews Agencies’ Cost Profile

The Federal Government has hired 18 professional audit companies to carry out a forensic audit of its agencies to access true state of their revenue generation.
Accountant-General of the Federation (AGF), Mr. Ahmed Idris, said the audit process would cover the period of 2010 to 2015, and would be completed in 18 months.
Idris said that the audit would also cover capital, personnel and overhead expenditure across all Federal Government’s Ministries, Departments and Agencies (MDAs).
Addressing the consultants selected to handle the task at an interactive session in Abuja, the AGF, represented by the Director of Funds, Alhaji Salau Zubairu , said the audit would aid the Federal Government in arriving at better decisions, in view of the dwindling inflow of government revenue .
He said the first phase of the assignment was divided into two categories and will involve 33 agencies.
According to him, category A comprises eight agencies with a turnover of above N100 billion and category B involves 25 agencies with a turnover of below N100billion.
The AGF said some of the terms of reference given to the consultants were to review the sources of revenues accruing to the organisations and the effectiveness of revenue generation and accounting.
Ahmed said the consultants were to establish the cost of operations and make appropriate recommendations to understand real personnel cost and cost associated with revenue collection or revenue sharing arrangement.
He assured the consultants of the support and assistance of the OAGF in discharging their duties.
He said, however, that their activities would be closely monitored by experienced staff of the OAGF to ensure that government gets value for money.
Meanwhile, the Federal Government, yesterday, said that it had commenced the review of the cost profile of all its revenue generating agencies.
Speaking at a two-day National Revenue Retreat in Kano, the Minister of Finance, Mrs Kemi Adeosun, said that the measure was necessary in order to ensure that maximum operating surpluses were declared and remitted in compliance with the Fiscal Responsibility Act.
The retreat was organised by the Ministry of Finance as part of government’s effort to brainstorm on how to shift emphasis from oil to non-oil revenue.
Adeosun said that the measure was necessary in order to ensure that maximum operating surpluses were declared and remitted in compliance with the Fiscal Responsibility Act.
She said that the ministry had commenced a number of audits of a range of agencies that would provide the government improved visibility into the revenue and cost profiles.
“This will enable us to generate an indicative cost profile that can be used to establish reasonable budget targets going forward,” she said.
The minister stressed that the focus was now on non-oil revenue generation, adding that exploiting solid minerals and agricultural sectors of the economy was necessary so as to take full advantage of the value opportunities.
According to her, the country must improve its revenue collection efforts as our revenue to GDP ratio is far lower than that of ours peers.
“Nigeria’s tax to GDP is only six per cent versus 26 per cent in South Africa and 21 per cent in Tunisia. This is actually good news as it reflects the opportunity for growth,” she said.
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RSG Commences Revitalization Of 200 Health Centres

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Nigeria Accounts For 70% Of 11m Illegal Arms In W/Africa

The National Center for the Control of Small Arms and Light Weapons (NCCSALW) says that Nigeria is accountable for 70 per cent of 11 million illegal arms and light weapons in West Africa,
Mr Alex Ebimiebo, the South South Zonal Director of the NCCSALW, made the remark at the Naval Warfare Course 9 Inter-Agency seminar, organised by the Naval War College in Calabar on Thursday.
Ebimiebo presented a paper themed, “Strengthening Security Agencies Collaboration to Counter Illicit Arms Proliferation for Enhanced National Security in Nigeria.”
He said that the illegal arms dealings were largely responsible for Nigeria’s 2.2 million Internally Displaced Persons (IDPs) and 26,000 refugees in neighboring countries.
Ebimiebo further said that arms proliferation had led to economic distortions, an increase in violence, crime, and impediment to peace building.
He, however, called for concerted effort from all Nigerians to tackle the menace, saying that NCCSALW would take the fight to the society since security is the responsibility of everyone.
“So, as a result, everybody is a stakeholder, so as such, we need to involve the whole society in this fight and the center has a lot of programmes for collaboration with our sister agencies.
”We also have advocacy and sensitisation programmes that we take to members of the general public from time to time,” he said.
Meanwhile, Rear Adm. Akinola Oludude, Commandant, Naval War College, expressed concern on the influx of illicit arms into Nigeria since 2020.
He attributed this to the extensive borderline of about 4,470 kilometers between Nigeria, the Republic of Benin, Niger, Chad, and Cameroon.
He also noted that the nation’s maritime domain that extended over 853 kilometers of coastline and of the Gulf of Guinea had also not helped.
The commandant said that the 2021 survey by the NCCSALW revealed that over six million illegal weapons were in circulation in the country.
Oludude said that out of the figure, about 70 per cent were in the hands of non-states actors.
”The impact of this illicit arms proliferation is profound and multifaceted.
”These weapons bred various forms of insecurity, including terrorism, banditry, kidnapping, communal clashes, and armed robbery.
“Inter-agency collaboration is needed to tackle the proliferation of illicit arms and weapons,” he said.
Oludude said that no single agency, no matter how well-resourced, no matter how well-dedicated, could effectively tackle the complex challenge alone.
He stated that the nature of the recent arms proliferation demanded a joint and multi-agency approach.
“Therefore, this seminar provides a vital platform for us to collectively examine the complexities of this complex challenge,” he said.
Also speaking, the Flag Officer Commanding (FOC), Eastern Naval Command, Rear Adm. Kennedy Ezete, urged the participants to translate the discussions and recommendations of the seminar into concrete actions.
He advised the participants to take the knowledge and insights gained to their respective agencies and organisations and implement them
According to him, “we must ensure that the suggestions and way forward developed here are implemented effectively and that the partnerships forged are sustained.
”This requires a commitment from all stakeholders, including the leadership of our security agencies and the wider community.
”Share your experiences, implement the strategies that have been suggested, and continue to work collaboratively to counter illicit arms proliferation.
“We must also continue to invest in training, technology, and intelligence gathering to enhance our capabilities.”
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NLC Threatens Strike, Issues Seven-Day Ultimatum

The Nigeria Labour Congress (NLC) yesterday issued a seven-day ultimatum to the Federal Government over its failure to constitute the governing board of the National Pension Commission.
The Labour Centre also accused the government of diverting workers’ funds through the Nigeria Social Insurance Trust Fund.
According to a communiqué signed by its President, Joe Ajaero, the Central Working Committee of the NLC met on Wednesday, August 13, 2025, to deliberate on urgent issues affecting Nigerian workers, the trade union movement, and the nation at large.
The meeting addressed the leadership crisis in the Edo State Council of the NLC, what it described as alarming developments in the NSITF, the governance vacuum in PENCOM, and the broader state of the nation.
The communiqué noted that the CWC expressed outrage at the ongoing assault on workers’ social protection rights through the Federal Government’s diversion of 40% of workers’ contributions to the national coffers as “revenue,” describing it as a flagrant violation of the statutes establishing the NSITF.
“Equally condemnable is the new administration’s false claim of ownership of the NLC National Headquarters, a property owned by Nigerian workers; the resort to cyber and media bullying of the trade unions and leadership, coupled with covert moves to amend the NSITF Act in a manner that would disenfranchise workers and give the government full control over the funds.
“The CWC warns that these actions represent a direct attack on workers’ rights, hard-earned resources, and the principle of tripartite governance enshrined in international labour standards.
“The Congress affirms that the NSITF belongs to the Nigerian working class and will mobilise all legitimate means to ensure workers’ interests are protected,” Ajaero said.
On the steps to be taken, the NLC president stated, “The NSITF must account for and return all diverted funds within seven working days from today.
“The PENCOM board must be properly constituted in full compliance with the law within seven working days from today.
“The Pension Commission must submit to the NLC a full status report of the funds within the same period.
“If at the end of these seven working days, nothing is done, the NLC will no longer guarantee industrial peace in the sector.”
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