News
Saraki Gives C’ttee 48hr- Deadline To Submit Budget Report …Senate Approves N1.64trn New Borrowing To Fund Deficit …Passes Police Trust Fund Bill

Senate President Bukola Saraki, yesterday, gave the Appropriations Committee till Thursday to submit the 2019 budget report.
The Vice Chairman of the Appropriations Committee, Sunny Ogbuoji told the Senate that only 24 out of 61 sub-committees had submitted their reports.
Saraki insisted that the budget report must be presented on Thursday, April 11, ahead of the April 16 approval of the money bill.
The Senate President noted the Appropriations committee will be forced to use Executive submissions if the sub-committees fail to submit their reports to the Committee by Wednesday.
Saraki said, “It is unfortunate that only 24 committees have submitted their reports. Last week, we all took a decision here that we are not going to waiver on our position. Our position is very clear: that all committees should submit (their budget reports). And those that don’t submit, then the Appropriations Committee should use the Executive submission.
“That position is still where we are. And I want to appeal to all our committees that you really have just till tomorrow (Wednesday) to make sure that your reports get to the Appropriations Committee because Thursday, you must lay this report.
“Vice Chairman of Appropriations Committee, if you don’t get report from our committees by tomorrow (Wednesday), then you just use the submission of the Executive. But come Thursday, you must lay that report.”
It would be recalled that President Buhari, had presented the N8.83 trillion budget proposal to a joint session of the National Assembly on December 19, 2018.
However, the Senate, yesterday, adopted N1.64 trillion proposed by the Executive as the amount for new borrowing to fund the 2019 budget deficit.
The upper chamber also approved the proposed N500 billion special social intervention fund.
The adoptions were parts of the 2019-2021 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) passed yesterday by the upper chamber.
President Muhammadu Buhari sent the MTEF/FSP to the National Assembly on November 6, 2018 for consideration and approval.
The passage of the MTEF/FSP came as the Senate is set to receive the report of the 2019 budget from its Appropriation Committee.
The Senate adopted all the critical projections in the MTEF/FSP as proposed by the Executive.
The MTEF/FSP an annual rolling three year-expenditure plan sets out the medium-term expenditure priorities and provides the basis for the preparation of the annual national budget.
The Senate Committee on Finance, which considered the MTEF and FSP, presented its recommendations for adoption by the Senate in plenary.
Apart from the adoption of N1.64 trillion as the amount for new borrowing to fund the budget deficit, the Senate advised relevant agencies to continue to explore ways of generating additional revenues for government to bring down the fiscal deficit.
It said that the Federal Government should harness the full optimal potential of the ministry of Mines and Steel Development in terms of revenue generation to minimize the level of new borrowing.
It also said that the Federal Government should consider reducing the granting of waivers and exemptions while ensuring that the Nigerian Customs Service personnel were at all oil terminals for accountability.
The Federal Inland Revenue Service, it said, should consider increasing tax on luxury goods and services.
On the N5,000 special social intervention fund, the Senate asked for the cooperation of relevant committees in the National Assembly and other relevant MDAs in ensuring that the funds are judiciously utilized to provide tangible impact of the funds on the Nigerians.
The Senate retained the oil output of 2.3 million barrel per day, oil price benchmark of $60 per barrel, exchange rate of N305/$1, GDP Growth rate of 3.0per cent and Inflation growth rate of 9.98per cent.
Other Executive proposals for 2019 also adopted by the Senate included: proposed expenditure of N8.83 trillion, FGN retained revenue N7.92 trillion, fiscal deficit N1.86 trillion, new borrowings N1.65 trillion, statutory transfers N492.4 billion, debt service N2.14 trillion, Sinking Fund N120 billion, total recurrent (non-debt) N4.72trillion, personnel costs (MDAs) N2.29 trillion, capital expenditure N2.86 trillion, Special Intervention N500billion.
The committee said that crude oil production output stood at 2.0 million barrels as of December 2018.
According to the committee, the 2.3million daily target is achievable “due to the continuous efforts of all stakeholders in checkmating the issues of oil facilities vandalism and other vices associated with such regard.”
The committee which recommended exchange rate of N305/$1, asked the Central Bank of Nigeria (CBN) “to continue adopting strategies that will aid the strengthening of the naira and bridging the gap between the official and parallel market rate of the foreign exchange.”
The Senate also, yesterday, passed the Nigerian Police Trust Fund Bill (HB 1583).
Recall that last week, the President of the Senate, Dr. Abubakar Bukola Saraki, had promised the Inspector General of Police, Mr. Mohammed Abubakar Adamu, that the Senate would fast-track its work on both the Police Trust Fund Bill and the Police Reform Bill.
Reacting to the Senate’s passage of the Bill, which has also been passed by the House of Representatives, Saraki said: “By passing this bill, we will be creating big strides towards providing and improving security and the policing in our country.
“One of the major concerns has always been the issue of funding. We believe that this bill will provide the funding needed for training and recruitment. I am confident that by the time we lay the report on the Police Reform Bill, we would have gone a long way in moving the police in the right direction,” the Senate president said.
Similarly, the Senate, yesterday, confirmed the appointment of Maj.-Gen. Paul Tarfa (rtd) as Chairman of the North East Development Commission (NEDC).
The Senate also confirmed the appointment of Mohammed Alkali as the Managing Director and Chief Executive Officer of the NEDC, alongside nine members.
This followed presentation of report by Chairman, Senate Committee on Special Duties, Sen Abdul Aziz Nyako on confirmation of nominations into the board of the commission.
The other nominees are Musa Yashi as Executive Director Humanitarian Affairs; Muhammed Jawa as Executive Director Administration and Finance; Omar Mohammed as Executive Director Operations.
Others are David Kente, member representing North-East Zone; Asmau Mohammed, member representing North-West Zone; Benjamin Adanyi, member representing North-Central Zone.
Still others are: Olawale Oshun, member representing South-West Zone; Dr. T. Ekechi, member representing South-East; and Obasuke McDonald, member representing South-South.
Contributing, Sen Binta Masi (APC-Adamawa) observed that the Managing Director and Chief Executive Officer was from Borno State, while the headquarters of the commission was also domiciled in Borno.
She noted that in the spirit of fairness, other states facing insurgency should have been considered.
Masi noted that late Sen Ali Wakili suggested that the headquarters be domiciled in Bauchi State, but the request was turned down to allow for more negotiations, and wondered why the decision was made in favour of Borno.
In response, Nyako said the observation made by Masi was paramount, but indicated that the decision was reached during Senate and House of Representatives conference.
He said, “Recall that in our bill, we left that issue open and during the hearing, we agreed that if the headquarters should be in Borno, someone from elsewhere should be chief executive officer.
“It was the House bill that came with zoning within Borno. They had overwhelming votes in support of that during our conference and in the spirit of democracy we had to succumb.”
The Deputy Leader, Sen. Bala Na’Allah, also noted that the observation made by Masi was genuine but noted certain situations could warrant a change.
He said, “the citing of the headquarters is because the entire country associated the beginning of insurgency to Borno and other most affected states are Adamawa and Yobe states.
“So, chairman for the commission is from Adamawa and choice of Alkali is for certain convenience, which is required to galvanise support with the least inconvenience.
“Also, it should be noted that the action of the Executive led to choice of Alkali while citing of the NEDC in Borno is legislative action and in the spirit of cooperation among arms of govt we should let that go and confirm them.”
The Leader of the Senate, Ahmad Lawan, congratulated the National Assembly for passing the bill and the Executive for assenting to it and sending the list of board nominees for confirmation.
“The people nominated here are qualified and experienced and prepared to hit the ground running.
“So, I urge the committee to monitor the commission’s take-off to ensure that right things are done.
“We have learnt from issues of non smooth take-off of the Niger Delta Development Commission, so that the NEDC will learn from that. The commission needs urgent take off,” Lawan submitted.
The Deputy Senate President, Ike Ekweremadu, also congratulated the nominees.
He said the emergence of the commission was a sign that the National Assembly had concerns for happenings in Nigeria irrespective of region and other indices.
“The NDDC bill was initiated in the National Assembly. It was vetoed by the Executive, but we overturned the veto.
“It is the same spirit that led to the initiation of the NEDC. The smooth running of NDDC is due to so much protocol.
“So, from the day one of the take-off of NEDC, the National Assembly should start oversight to give life to North East and hope to other Nigerians doing business in those areas and I hope the pioneers would lay good example,” Ekweremadu said.
In his remarks, President of the Senate, Dr. Bukola Saraki, congratulated the nominees, and urged them to hit the ground running.
He also emphasised the need for oversight of the commission to ensure proper implementation of projects.
Nneka Amaechi-Nnadi, Abuja
News
Ibas Inaugurates RSIEC, Service Commissions, Healthcare Board In Rivers …Charges Appointees To Embrace Principles Of Service

The Administrator of Rivers State, Vice Admiral (Rtd) Ibok-Ete Ibas, has charged newly appointed Board members to uphold the highest standards of discipline, competence, integrity, and unwavering dedication in their service to the State.
He emphasized that such commitment is critical to stabilizing governance, restoring democratic institutions, and advancing the principles of good governance in the State.
This was contained in a statement by the Administrator’s Senior Special Adviser on Media, Hector Igbikiowubo on Monday.
Ibas issued the charge on Monday while inaugurating the reconstituted Rivers State Independent Electoral Commission (RSIEC), Rivers State Civil Service Commission, Rivers State Local Government Service Commission, and the Rivers State Primary Health Care Management Board at Government House, Port Harcourt.
The Administrator urged the new appointees to embrace their roles with diligence, patriotism, and a commitment to transforming Rivers State through excellent service.
Addressing the Chairman and members of RSIEC, Ibas underscored their pivotal role in ensuring credible local government elections that reflect the will of the people.
“Your task is clear but demanding: to conduct free, fair, transparent, and credible elections at the grassroots level. You must resist bias, favoritism, and external interference while restoring public confidence in the electoral process,” he stated.
“The independence of your actions is crucial to sustaining peace, stability, and grassroots governance. I urge you to act with fairness, impartiality, and professionalism—even in the face of difficult choices,” Ibas added.
The Sole Administrator also charged the Rivers State Civil Service Commission on the need to eliminate mediocrity and foster a culture of excellence through merit-based recruitment, training, and promotions.
“The civil service must transition from favoritism to competence, integrity, and accountability. Your commission will lead reforms, including digital transformation and standardized practices across ministries, departments, and agencies,” he said.
He disclosed that extensive training programmes are underway, with a committee set up to overhaul the public service framework for greater efficiency.
Meanwhile, Ibas urged the Rivers State Local Government Service Commission to ensure professionalism and discipline in local government administration.
“As the closest tier of government to the people, you must drive reforms that insulate the system from politics and mediocrity. Your mandate includes merit-based recruitment, training, and enforcing standards for effective service delivery,” he stated.
In the same vein, the Administrator charged the Rivers State Primary Health Care Management Board with revitalizing healthcare delivery across the state’s 23 local government areas.
“Primary healthcare is the foundation of a sustainable health system. Your board must ensure facilities are adequately staffed, equipped, and operational focusing on maternal health, immunization, malaria control, and community health services,” he said.
He emphasized data-driven operations, incentives for rural health workers, and restoring the referral system to improve healthcare access.
He also assured the Board of sustained government support, including funding, for the effective discharge of their mandates but warned that board members would be held accountable for their performance.
The newly inaugurated members include: RSIEC: Dr. Michael Ekpai Odey (Chairman) with Prof. Arthur Nwafor, Prof. Joyce Akaninwor, and others as members.
Civil Service Commission: Dr. Livinus Bariki (Chairman), Amb. Lot Egopija, Mrs. Maeve Bestman, and others.
Local Govt. Service Commission: Mr. Isreal Amadi (Chairman), Rear Adm. Emmanuel Ofik (Rtd), Dr. Tonye Pepple, and others.
Primary Health Care Board: Dr. Dawari George (Chairman), Dr. Chituru Adiele (Executive Director), Prof. Kaladada Korubo, and representatives from key ministries.
News
Rivers PDP Debunks Sale Of LGA Election Forms

The Publicity Secretary of the Peoples Democratic Party (PDP) in Rivers State, Dr. Kenneth Yowika, has debunked claims that the party has commenced sale of forms for chairmanship and councillorship elections across the 23 local government areas of the state.
Yowika made the rebuttal in a statement made available to newsmen on Wednesday, describing the publication on the social media as baseless and untrue.
He urged members of the PDP to disregard the claim, saying that official communication regarding the sale of forms would be disclosed through the appropriate channels.
“With reference to information trending on social media, it has been falsely claimed that the sale of forms for Chairmanship and Councillorship elections in the 23 Local Government Areas (LGAs) of Rivers State will begin soon.
“However, the party has firmly denied these rumours, stating that they are baseless and untrue.
“The party has its own established methods of reaching out to its numerous supporters.
“The People’s Democratic Party, a law-abiding organisation, will patiently await the release of guidelines from the recently inaugurated Rivers State Independent Electoral Commission (RSIEC) before considering any sale of election forms.
“The PDP is urging its members to remain calm as official communication regarding the sale of forms will be disclosed through appropriate channels,” the statement read.
Enoch Epelle
News
South-South contributes N34trn to Nigeria’s economy in 2024 – Institute
Prof. Pius Olanrewaju, President of the Chartered Institute of Bankers of Nigeria (CIBN), has stated that the South-South region contributes N34 trillion to country’s economy in 2024.
He made the remark at the South-South Zonal Banking and Finance Conference in Calabar, yesterday.
He spoke on the theme, ‘’Building An Inclusive South-South: Economic Diversification as a Catalyst For Development.’’
Olanrewaju, who quoted the data from the Cable Data Index, said the feat was more than 21 per cent of Nigeria’s real Gross Domestic Product (GDP).
The president described the growth as ‘’ impressive,’’ saying that it was not driven by oil alone but significant expansions in trade, services, and the creative industries.
According to him, to fully harness this potential, coordinated financial, technological, and policy support is essential.
“As we work to reposition the South-South for broad-based prosperity, the financial system must play a central role, not merely as a source of capital, but as a catalyst for innovation, ideas incubation, and inclusive economic growth.
“This conference, therefore, provides a strategic opportunity for stakeholders to reimagine the South-South economy, not merely as a resource belt, but as a region of diverse capabilities and resilient enterprises.”
Olanrewaju added that Nigeria must move beyond old models and chart a new course for the development of the South-South region, where financial institutions and stakeholder collaborate to diversify the economy for shared prosperity.
He, however, commended Gov. Bassey Otu for his pledge of land for CIBN Secretariat in Cross River and being the first sitting governor to willingly undergo and complete the Chartered Bankers Programme.
On his part, Gov. Otu said that the conference discussion on the economic diversification in South-South region was timely against the backdrop of global trade and economic volatility that was affecting the nation’s economy.
Represented by his deputy, Mr Peter Odey, Otu said the South-South region must now act with urgency to diversify its economy while leveraging its shared natural endowment in agriculture and extractive resources.
“This conference must help develop tailored financial solutions that reflect the unique strengths and realities of states like Cross River in the south-south.
“Diversification should be evidence-based and must be backed not just by financial advice but project focused financing and real investment support,” he noted.
He said that Cross River had taken the bold step to invest in its agricultural sector by launching an Agro processing hub.
Otu further said that the state had invested in aviation by acquiring more aircrafts for Cally Air, construction of the Bakassi Deep Seaport and injecting N18 billion in its tourism sector.
Similarly, Mr Tolefe Jibunoh, Cross River Branch Controller of the Central Bank of Nigeria (CBN) said that the region was blessed with natural resources, cultural diversities and immense human potentials.
Jibunoh, who was represented by Mr Segun Shittu, Head, Currency Control Office, CBN, Calabar, noted that strategic diversification could unlock unprecedented opportunities for growth in the region.
He added that the CBN remained steadfast to maintain monetary possibilities and promote a sound financial system as a catalyst for sustainable economic development for the benefit of all.
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