Niger Delta
We’ll Complete Repayment Of Sylva’s N50bn Bond -Dickson
The Bayelsa State Government under Governor Seriake Dickson has restated its commitment to completing repayment of the N50billion bond facility which was obtained by the administration of former Governor Timipre Sylva.
The Commissioner for Finance, Mr Maxwell Ebibai reiterated the government’s commitment while briefing newsmen on major resolutions reached at the 105 State Executive Council meeting in Yenagoa last Wednesday.
He, however, did not disclose how much of the N50billion bond had been repaid so far by the government and how much was left.
Sylva took over from former President Goodluck Jonathan as governor of Bayelsa State in 2007 and was sacked from office by a court judgment in January 2012 after he was denied a second term governorship ticket by the Peoples Democratic Party (PDP).
In 2013, he defected to the All Progressives Congress (APC) and became the leader of the party in the state.
Recall that the Governor Dickson-led administration had in May 2016 claimed to have expended the sum of N123billion to service debts, including bonds and foreign loans collected by the Sylva administration, from 2012 to May 2016.
But the figure was a contradiction of the government’s earlier claim in August 2015 that it had spent N242billion to pay debts incurred by the Sylva administration.
Dickson, at the time, disclosed that he inherited a massive debt profile of N332 billion from the Sylva administration when he assumed office as governor in February 2012.
He said that his government had paid N242billion to service the debts and that about N90billion was the balance payment. According to the government, the total value of the bond was N104 billion and was expected to be paid off in June 2017.
Nevertheless, the Commissioner for Finance told reporters that the Dickson administration had been committed in the repayment of the loan in order to take off the huge burden it had placed on Bayelsa.
Ebibai also said that the State Executive Council also reviewed the funding options before it for some of its key projects and the challenges of completing such projects.
He explained that to achieve its target, the government had expanded the Contractor Infrastructure Finance Development Scheme (CIFDS), which would give contractors access to funds directly from banks based on milestones.
Ebibai further explained that with the scheme, contractors could approach banks to secure the loan and execute their projects while the state government will act as a guarantor and ensure that the loans are repaid based on the job done.
He said, “It is a sort of a Public Private Partnership (PPP). It involves the government, the contractors and the banks. We are not borrowing, but the contractors.
“We will only guarantee payment based on the job done. By this, we are sure to complete some of our key projects.”
Ebibai stated that the present administration was determined to start the sand filling of the Nembe/Brass Road in Bayelsa East Senatorial District with an eye for the completion of the Sagbama/Ekeremor Road in Bayelsa East and Yenagoa/Oporoma Road in Bayelsa Central, and other projects.
News
King Jaja Impacted Beyond Rivers -Deputy Gov
Rivers State Deputy Governor, Professor Ngozi Odu, has poured accolades on late Amayanabo of Opobo, HRM Dandeson Douglas Jaja V, saying his footprints went beyond the State.
Speaking during a condolence visit to the wife of the late king, Prof. Odu said the late monarch contributed meaningfully beyond the shores of Rivers State.
“He contributed not only to Opobo, not only to Rivers State, but to Nigeria as a nation. We all know the various positions he held until his passing. For us as a Commission, we are really going to miss him greatly, especially at this time when his guidance was most needed,” she stressed.
She described the late king as a distinguished traditional ruler whose life and service contributed immensely to the development of Rivers State and Nigeria at large.
The deputy governor, who also serves as Chairman of the Rivers State Boundary Commission, noted that until his demise, King Jaja was an Ex-Officio member of the Commission, representing Rivers South East Senatorial District.
According to her, the late monarch actively participated in several meetings of the Commission and played an important advisory role.
“He actually participated with us in a couple of meetings. It was with great shock that we received the news of his passing. We saw daddy as someone who was very strong, healthy and athletic,” Prof. Odu said.
Prof. Odu explained that the Commission relied heavily on the wisdom of traditional rulers like the late monarch to ensure that its responsibilities were carried out properly and conscientiously.
She assured the family of the Commission’s continued support, saying they will remain close to the family throughout the burial arrangements and beyond.
Addressing the widow, Queen Prudence Dandeson Douglas Jaja, Prof. Odu said the visit was to commiserate with her and encourage her during the period of mourning.
“Please accept our condolences. Please be strong and put your hope in God. The God who watches over widows will never abandon you,” the deputy governor prayed.
“We cannot question God. What has happened has happened. All we can do is to pull ourselves together. That is why we are here to pray that the Holy Spirit will strengthen you, that God will turn your sadness into joy and clothe you with a garment of beauty,” she added.
Responding, Queen Jaja described her late husband as a gentle, humble man who was deeply committed to the progress of Rivers State, and Nigeria at large.
She expressed gratitude to the deputy governor and other members of the Boundary Commission for identifying with the family in their moment of grief.
“We are praying that his soul will rest in perfect peace. I thank you very much for coming to console me at this trying moment. Seeing you here has given me comfort. God bless each and every one of you,” she said.
She also offered prayers for the delegation, wishing them a long life and good health.
Highlight of the visit was the presentation Letter of Condolence from the Rivers State Boundary Commission to Queen Jaja.
Kevin Nengia
Niger Delta
Former Bursar Savours Leadership Merit Award
The former Bursar of Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Dr Davis Ojima, has expressed delight over the Leadership Merit Award recently presented to him by Ohiauga Community in Igburu Clan in Ogba/Egbema/Ndoni Local Government Area of Rivers State, describing it as a befitting crowning moment in his life.
Dr Ojima, who made the remarks while speaking with newsmen shortly after receiving the award, said it was an endearing milestone to be considered by his community for that rare honour, and expressed gratitude to the community for recognising his modest contributions to the development of the area.
The former Bursar, who is still in active public service, noted that the honour done to him came at a time when he least expected it, and thanked God for the rare privilege, as well as providing him the opportunity, the enabling environment and zeal to contribute his quota to the development of the area.
Dr Ojima, therefore, assured the people that he would remain committed to promoting peace, unity and sustainable development initiatives in the community.
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