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Wike Hails Nigerians’ Resilience At Independence

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NIGERIA’S 60TH INDEPENDENCE ANNIVERSARY SPEECH

BY

HIS EXCELLENCY NYESOM EZENWO WIKE
GOVERNOR OF RIVERS STATE
1ST OCTOBER 2020.

Protocols

It is my honour and privilege to welcome you to the ceremonies marking the 60th Independence Anniversary of our country, Nigeria.

2.?As we join the rest of the country and other well-wishers to celebrate independence, let us start by appreciating our forefathers through whose struggles our nation was freed from colonial rule on the first of October 1960.

3.?As you know, political independence was necessary for us to take full control of our destiny and steer our nation and our people towards a progressive and prosperous existence.

4.?And so, today’s reality is that we have been a free nation; absolutely free from the shackles and indignities of being ruled, dominated and exploited by imperial Britain for the past 60 years.

5.?This is no trivial historical milestone and achievement, for which we are justified in rolling out the drums to celebrate with other friendly nations who share in our excitements and wished us well no matter the circumstances and challenges of the moment.

6.?We therefore salute the courage, sacrifice and heroism of our founding fathers that resulted in the birth of this potentially great nation.

7.?We shall forever be grateful to them not only for the plateau of independence they delivered to us on a platter, but also, for reclaiming and restoring the pride and dignity of our people to self-rule.

8.?We also appreciate our past and present national leaders and the Armed Forces of Nigeria for their labour and sacrifice to keep this nation together for the last consecutive 60 years in the midst of the challenges, which continues to manifest in many forms and proportions.

9.?At independence, our founding fathers envisioned to build our nation with due regard to our diversity and with visionary enthusiasm provided the basic building blocks for sustaining a united, peaceful and prosperous Nigeria in the foundational constitution documents.

10.?We had democracy, regional autonomy and fiscal federalism as the guiding principles for political, social and economic relations between the central government and the constituent regions.

11.?No one part or region was deliberately denied against what was due to it; neither was any ethnic nationality politically and economically unduly favoured above all others by the central government.

12.?Above all, the regions controlled their resources and were engaged in healthy competition for development and transformation while remaining loyal to the corporate existence and progress of the Federal Republic.

13.?Under these arrangements, Nigeria thrived on a peaceful and progressive path and as great author, Chinua Achebe, once affirmed: “there was a country” at least in the First Republic, when true federalism and regionalization of political power and resources held sway.

14.?Unfortunately, the fundamental foundational principles of negotiated constitutionalism, regional autonomy, and fiscal federalism were blatantly jettisoned by long years of misguided military incursions and adventurism into the nation’s body politics.

15.?Although the military has since vacated from politics over 20 years ago but the constitutional, political and economic substructures they mischievously imposed on us, especially the inherent error of commission or omission in the nationalization of communal lands and resources, have continued to challenge and diminish the nation’s fragile peace, unity and socio-economic progress.

16.?And so, 60 years after independence, nation-building remains a far cry and the lofty goals and aspirations of our founding fathers for a politically transparent, economically healthy and socially peaceful and prosperous nation remain betrayed while the way to a glorious future is arrested.

17.?No one is in doubt about the fact that ours is a nation blessed by God with enormous human and natural resources, yet, after 60 years of self-rule we are still held behind as a nation teeming with one of the poorest and helpless population in the world with an average income per capita of less than a dollar per day.

18.?Without inadequate access to social, political and economic rights, including quality education, healthcare, nutritious food, housing, social security, information technology, energy and transport infrastructure, Nigeria’s misery index remains one of the worst in the world.

19.?And then, violence, banditry, rampant killings and insecurity continue to plague and ravage sizeable parts of our country for over a decade, destroying communities, farmlands and causing massive dislocations and untold sufferings to already desperate and hapless populations.

20.?Never in our history since the end of the civil war have Nigerians been so divided, despondent and distressed with prognosis that clearly point to the fact that the cracks are getting deeper in the much-strained, abused and debased walls that have managed to hold this nation together.

21.? As things stand now no one can really predict the future survival of this nation if we continue to maintain this nebulous, rigged and generally rejected federal system through corruption, repression and the abuse of both legitimate and illegitimate state institutions.

22.? We may as usual choose to gloat in the limited progress we have made since independence, especially the relative expansions in access to education, healthcare and other socio-economic infrastructures without giving any considerations to the serious challenges preventing us from building a free, fair and just nation that would command the total loyalty of all nationalities above all other interests.

23.?However, let it be known that the persistent failure and or resistance to heeding the voices of reason in confronting and resolving the contending core political and economic issues troubling this nation as quickly as possible is akin to postponing the doomsday, which looks inevitable with the way things are going.

24.?Our nation can be strong and progressive if we practice true democracy, fraud-proof electoral system, effective and politically neutral law enforcement, deepen the rule of law and enable the practical independence of our judiciary.

25.?Again, our nation can only be free from the perpetual state of crisis, violence and threat of disintegration if we exhibit and courage, sincerity and commitment to rational restructuring, effective devolution of powers, resource control and true federalism as our governance system under a people-propelled and robustly negotiated constitution that secures basic human rights and social justice as the touchstones of our existence both as a nation and as a people.

26.?Therefore, as we celebrate the 60th independence anniversary of our country, let us all reflect on the need to save Nigeria from the self-destructive direction it is wrongly headed.

27.?Let us resolve to take the right steps to lay and institutionalize the necessary constitutional and political systems that will enable us to build a free sovereign democratic and functional nation under God where everyone, including the unborn generationbs, can have equal access to political, social and economic opportunities and live in peace, security and happiness with one another.

28.?This is the only way for us to have and build an inclusive and prosperous nation unhindered by divisive and seditious tendencies and loyalties to sectional interest in our match towards realizing the lofty aspirations of the founding fathers and other patriots.

29.?As the Governor of Rivers State, I wish to reaffirm the subscription of the people of Rivers State to the unity and continuous existence of Nigeria and our resolve to welcome, accommodate and live in peace with our neighbours and our brothers and sisters from other parts of the country on the basis of reciprocity, mutual accommodation and tolerance.

30.?The commitment of our government is to build a State that is home to all Nigerians and foreigners alike who desire to either reside, visit or invest and share in the social and economic opportunities on offer and in our prosperity.

31.?In the last five and half years, we have prioritized and improved the living conditions of our people with unprecedented investments in the provision of socio-economic infrastructures across the length and breadth of the State.

32.?We are constructing roads, flyovers, jetties, markets and expanding healthcare and education facilities throughout the State including our rural areas to accelerate economic growth and make life more meaningful for our people.

33.?We have spared no efforts in advancing and achieving security and Rivers State is now reckoned as one of the few most peaceful States in Nigeria and with a much-improved business environment that is attracting investors into the State in their numbers.

34.?We have prudently managed our economy and kept it on the path of safety and stability such that we have been acclaimed as the most fiscally viable State in the Country, generating resources enough to meet our capital and recurrent expenditures.

35.?Clearly, we have a bright future and our dream is to create a prosperous State that offers viable opportunities for everyone who works hard to lift him or herself from the valley of want and poverty into the plateau of economic progress and prosperity.

36.?Although much has been achieved in our determination to build a better and prosperous Rivers State, we believe that there is much more to be done to mobilize resources to build our economy and generate good jobs for our youths and a prosperous and dignified life for all our people.

37.?I therefore call on everyone to stand with us to confront our common challenges and together take Rivers State to the promise land of our dreams as we will achieve more if we stand together and act as a united people with a common destiny.

38.?Finally, as I wish all Nigerians a happy Diamond Jubilee anniversary, let us all take pride in our diversity and rise above narrow ethnic and other sentiments to build a truly peaceful, united and prosperous nation.

39.?May God continue to bless the Federal Republic of Nigeria

40.?God bless Rivers State

 

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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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