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Separate Abacha Loot From COVID-19 Funds, HEDA Tells FG

An advocacy group, Human and Environmental Development Agenda (HEDA) has warned the Federal Government against mixing up the recovered $322million Abacha loot, being shared to poor Nigerians, with the COVID-19 funds donated by philanthropists.
The group said the government must let Nigerians know that the $322million Abacha loot, being shared as N5,000 Conditional Cash Transfer, was not the same as the palliative to cushion the economic effects of COVID-19 lockdown on the masses.
In a statement, yesterday by its Chairman, Olanrewaju Suraju, HEDA particularly accused the Minister of Humanitarian Affairs and Disaster Management, Sadiya Farouq, of attempting to confuse the Conditional Cash Transfer, which began in 2016, with government’s COVID-19 funds.
HEDA, which said it had been monitoring the N5,000 Conditional Cash Transfer, said only 900,000 households had benefited, contrary to the claim that over two million households had been reached.
While saying it was following donations to the federal and state governments towards tackling COVID-19, the group said it would demand accountability and warned the government not to play politics with the plight of the Nigerian poor masses.
HEDA said, “The least we owe Nigerians is not to play politics with the misery of millions of people. The fact is that the Conditional Cash Transfer began in 2016. It should not be confused with any measure of any government to tackle the hunger and poverty occasioned by the lockdown. They are two different distinct programmes. One cannot substitute for the other.
“The Minister of Humanitarian Affairs and Disaster Management is suspected to have deliberately acted in this manner to blur the line of accountability, disguising the Conditional Cash Transfer as payment under the COVID-19 intervention and relief package. The payment presently is only made to about 900,000 households and not over two millions as claimed by the minister.
“The citizens are also hereby informed that the N20,000 being paid is part of the recovered Abacha loot paid to the country since 2015 under the National Social Intervention Programme and not part of contributions from private citizens and organisations.”
Meanwhile, a coalition of civil society organisations also called on the Federal Government to put structures in place to ensure transparency and accountability in the spending of the COVID-19 funds.
The call was made in a joint statement by the CSOs, including Action Aid International, Nigeria, Action Health Incorporated, Centre for Women’s Health and Information.
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Rivers A Strategic Hub for Nigeria’s Blue Economy -Ibas …Calls For Innovation-Driven Solutions

The Administrator of Rivers State, Vice Admiral (Rtd.) Ibok-Ete Ibas, has emphasized the need for innovation-driven strategies, strategic partnerships, and firm policy implementation to fully harness the vast potential of the blue economy.
Speaking during a courtesy visit by participants of Study Group 7 of the Executive Course 47 from the National Institute for Policy and Strategic Studies (NIPSS) at Government House, Port Harcourt, on Monday, Ibas highlighted the importance of diversifying Nigeria’s economy beyond oil by leveraging maritime resources to create jobs, enhance food security, strengthen climate resilience, and generate sustainable revenue.
The Administrator, according to a statement by his Senior Special Adviser on Media, Hector Igbikiowubo, noted that with coordinated efforts and innovative solutions, the blue economy could serve as a catalyst for inclusive growth, economic stability, and long-term environmental sustainability.
“It is estimated that a fully developed blue economy could generate over $296 million annually for Nigeria, spanning fisheries, shipping and logistics, marine tourism, offshore renewable energy, aquaculture, biotechnology, and coastal infrastructure,” he stated.
“We must transition from extractive practices to regenerative, inclusive, and innovation-driven solutions. This requires political cohesion, intergovernmental collaboration, robust infrastructure, and institutional capacity—all of which must be pursued with urgency and intentionality,” he added.
Ibas urged sub-national governments, particularly coastal states, to domesticate the national blue economy framework and develop tailored strategies that reflect their comparative advantages.
He stressed that such efforts must be guided by disciplined planning, regulation, and investment to maximize the sector’s potential.
Highlighting Rivers State’s pivotal role, the Administrator outlined its strategic advantages as follows:
•Nearly 30% of Nigeria’s total coastline (approximately 853km)
•Over 40% of Nigeria’s crude oil and gas output
•More than 33% of the country’s GDP and foreign exchange earnings
•416 of Nigeria’s 1,201 oil wells, many located in marine environments
•Two of Nigeria’s largest seaports, two oil refineries, and the Nigerian Liquefied Natural Gas (NLNG) terminal in Bonny Island—one of Africa’s most advanced gas facilities
Despite these opportunities, Ibas acknowledged challenges such as pollution, coastal erosion, illegal oil refining, unregulated fishing, inadequate infrastructure, and maritime insecurity.
He reaffirmed his administration’s commitment to institutional reforms, coastal zone management, and inter-agency collaboration to build a governance structure that supports a sustainable blue economy.
“Sustainability must be embedded in our development models from the outset, not as an afterthought. We are actively exploring partnerships in maritime education, aquaculture development, port modernization, and renewable ocean energy. We welcome knowledge-sharing engagements like this to refine our strategies and enhance implementation,” he said.
He urged the NIPSS delegation to ensure their findings translate into actionable recommendations that address the sector’s challenges.
Leader of the delegation, Vice Admiral A.A. Mustapha, explained that the visit aligns with their strategic institutional tour mandate on the 2025 theme: “Blue Economy and Sustainable Development in Nigeria: Issues, Challenges, and Opportunities.”
The group is engaging stakeholders to deepen understanding of policy efforts and institutional roles in advancing sustainable development through the blue economy.
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INEC To Unveil New Party Registration Portal As Applications Hit 129

The Independent National Electoral Commission (INEC) has announced that it has now received a total of 129 applications from associations seeking registration as political parties.
The update was provided during the commission’s regular weekly meeting held in Abuja, yesterday.
According to a statement signed by the National Commissioner and Chairman of the Information and Voter Education Committee, Sam Olumekun, seven new applications were submitted within the past week, adding to the previous number.
“At its regular weekly meeting held today, Thursday 10th July 2025, the commission received a further update on additional requests from associations seeking registration as political parties.
“Since last week, seven more applications have been received, bringing the total number so far to 129. All the requests are being processed,” the commission stated.
The commission revealed the introduction of a new digital platform for political party registration. The platform is part of the Party Financial Reporting and Auditing System and aims to streamline the registration process.
Olumekun disclosed that final testing of the portal would be completed within the next week.
“INEC also plans to release comprehensive guidelines to help associations file their applications using the new system.
“Unlike the manual method used in previous registration, the Commission is introducing a political party registration portal, which is a module in our Party Financial Reporting and Auditing System.
“This will make the process faster and seamless. In the next week, the commission will conclude the final testing of the portal before deployment.
“Thereafter, the next step for associations that meet the requirements to proceed to the application stage will be announced. The commission will also issue guidelines to facilitate the filing of applications using the PFRAS,” the statement added.
In the meantime, the list of new associations that have submitted applications has been made available to the public on INEC’s website and other official platforms.
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Tinubu Signs Four Tax Reform Bills Into Law …Says Nigeria Open For Business

President Bola Tinubu yesterday signed into law four tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.
The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.
The ceremony took place at the Presidential Villa, yesterday.
The ceremony was witnessed by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.
The presidency had earlier stated that the laws would transform tax administration in the country, increase revenue generation, improve the business environment, and give a boost to domestic and foreign investments.
“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Special Adviser to the President on Media, Bayo Onanuga said on Wednesday.
Before the signing of the four bills, President Tinubu had earlier yesterday, said the tax reform bills will reset Nigeria’s economic trajectory and simplify its complex fiscal landscape.
Announcing the development via his official X handle, yesterday, the President declared, “In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.”
Tinubu made a call to investors and citizens alike, saying, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”
He described the bills as not just technical adjustments but a direct intervention to ease burdens on struggling Nigerians.
“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu wrote.
According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”
He added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency.
The tax reforms, first introduced in October 2024, were part of Tinubu’s post-subsidy-removal recovery plan, aimed at expanding revenue without stifling productivity.
However, the bills faced turbulence at the National Assembly and amongst some state governors who rejected its passing in 2024.
At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed.
They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.
After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax.
By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.
In his tweet, Tinubu stressed that this is just the beginning of Nigeria’s tax evolution.
“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.
“A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” he stated.
He further acknowledged the contributions of the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigeria’s subnational governments.
The President added, “We are not just signing tax bills but rewriting the social contract.
“We are not there yet, but we are firmly on the road.”
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