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One Year Anniversary: Governor Wike Sues For Unity

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Rivers State Governor, Nyesom Ezenwo Wike has called on Rivers people no matter their political affiliation to join hands with his administration to build a stable and vibrant economy.

In a state-wide broadcast to mark the first year of his second term in office today, Governor Wike noted that the state can overcome the present global economic situation if citizens come together in unity of thought and purpose.

“Yes, we can if we resolve to downplay our individual differences and work together for the common good of our heritage, our lovely State, our communities and our people. As a government, we welcome constructive criticisms devoid of politics and mischief, because they serve to make us better performers.

“This is a time for governance, not politics,  and we welcome everyone on board to create an environment that promotes balanced economic growth, thriving private investments, boundless opportunity and a State we can truly call our pride and heritage.

 

“For us, nothing matters more than Rivers State, our people, our interests, our treasures, our enormous resources and assets, our accomplishments and our greatness,” he stated.

The Governor pointed out that within the last one year, his administration had embarked on urban renewal programme in the State capital and the construction of the multi-billion naira three flyover projects at Rebisi, Okoro-nu-Odo and Rumuogba.

He said that the dualization of Kira- Sapkenwa-Bori-Kono Road straddling three local government areas in Ogoni heartland has reached 92 percent completion.

The Oyibo(Mbano camp) road  to Iriebe linking Oyigbo and Obio/Akpor Local Government Areas had been completed while Alesa-Agbonchia-Oyigbo, Rumuakunde/Isiodu and the second phase of Isiokpo community Roads had also been completed.

 

Rumuji-Ibaa-Isiokpo, Omoku-Egbema, Odufor-Akpoku-Umuoye, Ula Ehuda-Odioku-Anwunugboko-Ubeta-Ihuechi-Odiereke, Umueze-Umuogba-Umuokpurukpu-Umueke-Umunju-Umuelechi-Eberi, Eteo-Sime-Nonwa and Abonnema Ring Roads have reached various stages of completion.

In addition, the governor said, work has commenced on the expansion of the entire stretch of Ikwerre Road from Education Bus Stop to the Port Harcourt International Airport, Omagwa.

According to him, the long abandoned roads to the coastal communities of Opobo and Andoni in Opobo/Nkoro and Andoni Local Government Areas has almost been delivered with appreciable work already done on the Ogoni-Andoni-Opobo Unity Road.

On healthcare delivery, the governor said the Mother and Child Hospital has been furnished, equipped and only undergoing necessary testing and preparations for commissioning.

 

The Braithwaite Memorial Hospital, he said, has been fully equipped and converted to the Rivers State University Teaching Hospital (RSUTH) leading to the accreditation of the programmes of that facility for the training of medical students by the Medical and Dental Council of Nigeria.

Governor Wike stated that the regional referral hospitals in Degema, Bori and Degema are presently being equipped while structural work is on-going on the ones located in Omoku and Etche.

The State Chief Executive pointed out that funds had been released for comprehensive upgrade of Enitonnia High School, Comprehensive Secondary School, Borikiri, Obama High School, Degema, Community Secondary School, Tombia, Community Secondary School, Omuanwa in Ikwerre Local Government Area and  Kalabari National College, Buguma.

 

Others include,  Community Secondary School, Kugbo in Abua/Odual Local Government, Community Secondary School, Obeakpu in Oyigbo Local Government and Community Secondary School, Eteo in Eleme Local Government Area.

On Real Madrid Academy, Governor Wike announced that the construction of students’ hostels is progressing and that the school would soon open for simultaneous football and related training programmes.

He said in line with the promise to refocus on agricultural development, the Datco Cassava Processing Plant with a guaranteed off-market opportunities for 3000 local cassava farmers would soon be completed to stimulate cassava revolution in the state.

The governor regretted that despite the advisories and regulations on social distancing and compulsory wearing of face masks, most residents are flouting the directives to the collective peril of all.

 

“These are all irresponsible and risky behaviour in the face of the invisible and ravaging pandemic and the enormous threat it poses to public health and the safety of human lives.

“We shall bring the full weight of the law to bear on every recalcitrant person, business or institution, irrespective of status who decides to treat the existing orders and regulations for mitigating the spread of COVID-19 in our State with contempt.

“Government may be forced to reinstate lockdown if members of the public continue to flout and disregard the established regulations on social distancing and the compulsory wearing of face masks,” he said.

Governor Wike however, commiserated with the families of those that lost their loved ones to the pandemic and prayed for the peaceful repose of their innocent souls.

 

He said that while we pray for the quick success, for the global search, for vaccines, the responsibility still rests on everyone to strictly comply with the established mitigating measures.

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Tinubu Signs Four Tax Reform Bills Into Law …Says Nigeria Open For Business 

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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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Senate Issues 10-Day Ultimatum As NNPCL Dodges ?210trn Audit Hearing 

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The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.

Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.

However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.

Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.

A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.

It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.

The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.

“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.

“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”

But lawmakers rejected the request.

The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.

“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.

“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.

Other lawmakers echoed similar frustrations.

Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.

The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.

Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.

Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”

Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.

The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.

Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.

The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.

 

 

 

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17 Million Nigerians Travelled Abroad In One Year -NANTA 

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The National Association of Nigerian Travel Agencies (NANTA) said over 17 million Nigerians travelled out between 2023 and 2024.

This is as the association announced that it would be organising a maiden edition of Eastern Travel Market 2025 in Uyo, Akwa Ibom State capital from 27th to 30th August, 2025.

Vice Chairman of NANTA, Eastern Zone, Hope Ehiogie, disclosed this during a news briefing in Port Harcourt.

Ehiogie explained that the event aims to bring together over 1,000 travel professionals to discuss the future of the industry in the nation and give visibility to airlines, hospitality firms, hospitals and institutions in the South-South and South-East, tagged Eastern Zone.

He stated that the 17 million number marks a significant increase in overseas travel and tours.

According to him, “Nigerian travel industry has seen significant growth, with 17 million people traveling out of the country in 2023”.

Ehiogie further said the potential of tourism and travel would bring in over $12 million into the nation’s economy by 2026, saying it would be a major spike in the sector, as 2024 recorded about $4 million.

“The potential of tourism and travel is that it can generate about $12 million for the nation’s economy by 2026. Last year it was $4 million.

“In the area of travels, over 17 million Nigerians traveled out of the country two years ago for different purposes. This included, health, religious purposes, visit, education and others,” Ehiogie said.

While highlighting the potential of Nigeria’s tourism, he said the hospitality industry in Nigeria has come of age, saying it is now second to none.

The Vice Chairman of NANTA, Eastern Zone further said, “We are not creating an enabling environment for business to thrive. We need to support the industry and provide the necessary infrastructure for growth.”

He said the country has a lot of tourism potential, especially as the government is now showing interest in and supporting the sector.

Ehiogie emphasized that NANTA has been working to support the industry with initiatives such as training schools and platforms for airlines and hotels to sell their products.

He added, “We now have about four to five training schools in the region, and within two years, the first set of students will graduate. We are helping airlines sell tickets and hotels sell their rooms.”

Also speaking, former Chairman of the Board of Trustees of NANTA, Stephen Isokariari of Dial Travels, called for more support from the industry.

Isokariari stated, “We need to work together to grow the industry and contribute to the nation’s Gross Domestic Product.

“With the right support and infrastructure, the Nigerian travel industry has the potential to make a significant contribution to the nation’s economy.”

 

 

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