Nation
N50bn FAAC Shortfall: We Declined Govs’ Request To Borrow From CBN, FG Claims
Controversy over claims by Edo State Governor, Godwin Obaseki, that the Federal Government printed N60billion to augment March allocation from the Federation Account, took a different dimension, yesterday, as the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, revealed that governors actually wanted to borrow money from the Central Bank of Nigeria (CBN), for the shortfall, saying that the government turned down the request.
Obaseki had said two weeks ago that, ”When we got FAAC for March, the Federal Government printed additional N50-N60billion to top-up for us to share.
“This April, we will go to Abuja and share. By the end of this year, our total borrowings are going to be within N15-N16trillion.”
This claim has generated much controversy in the polity, with the Federal Government insisting that the governor lied in his claim.
The Governor of CBN, Godwin Emefiele, had also dismissed Obaseki’s claim, describing it as “unfortunate and totally inappropriate.”
The development also pitted governors of ruling All Progressives Congress (APC), against their Peoples Democratic Party (PDP), counterparts, weekend, with governors on both sides of the divide defending their own.
But speaking on the issue in a Nigerian Television Authority (NTA), breakfast programme, Good Morning Nigeria, yesterday, the minister said the Federal Government turned down a request by state governors to borrow from the Central Bank of Nigeria (CBN), to augment the N50billion Federation Account Allocation Committee (FAAC), shortfall in March.
Ahmed said that whenever there was reduction in federal allocation, the Federal Government took money from some reserve accounts, but noted that in the case of March allocation which fell by N50billion, all state governments were asked to manage their resources.
She said, “It is a difficult time, I can explain to you how difficult it is not just for the Federal Government but also for the state; we see increasing reduction in our FAAC revenue.
“In the month of March, we had a shortfall at FAAC that is almost about N50billion and we did not have enough accrual in any of those accounts. The states, to be honest, wanted us to borrow from the Central Bank but we resisted, we just told everybody to go back to live within what they had.
“So, it was very surprising for us when we heard a sitting governor saying that CBN has printed money for FAAC. That was very unfortunate because it is not true.
“As a nation, the federal, state and local governments must review expenditure patterns. We are spending too much and we are not generating enough.”
Ahmed noted that Nigeria emerged from its second recession in four years in the fourth quarter, but lamented that revenues remained subdued as a fall in crude prices curbed the main source of income for the nation.
The minister said government’s aim was to triple its revenue ratio to 15 per cent of gross domestic product.
“After revenue collapsed during the last oil shock of 2015, Nigeria turned to the Central Bank, borrowing about a third of its debt to cover a budget deficit that tripled during that time,” Ahmed had said, adding that the government would limit deficit monetization and convert those loans into long-term notes.
Meanwhile, as controversy over the alleged printing of N60billion rages, the Nigeria Governors Forum (NGF), yesterday, said that its silence on the matter was deliberate.
The Chairman of NGF and Governor of Ekiti State, Dr Kayode Fayemi, stated this, yesterday, while fielding questions from State House correspondents after a meeting with Chief of Staff to the President, Prof Ibrahim Gambari, in Abuja.
Fayemi was flanked by the Chairman of the Peoples Democratic Party, Governors Forum and Vice Chairman of NGF, as well as Governor of Sokoto State, Hon. Aminu Tambuwal; Chairman of the Progressive Governors’ Forum and Governor of Kebbi State, Atiku Bagudu; Chairman of the Northern Governors Forum and Governor of Plateau State, Hon. Simon Lalong; as well as the chairman of the Conference of Speakers.
When Tambuwal was asked to comment on the position of the PDP Governors Forum over the attack on the Edo State Governor, Mr. Godwin Obaseki, for saying the CBN printed N60billion to be shared at FAAC, Fayemi interjected, saying he could as well answer the question as chairman of NGF on behalf of Tambuwal, who is the vice chairman.
He said, “He (Tambuwal) is not here as chairman of PDP Governors Forum, I can even talk on behalf of him here, he is here as my vice chairman, and have you heard any statement from the NGF on this?”
Asked why the NGF decided not to issue any statement on the matter, he said, “It is because this is not an issue that requires a statement from the governors; the minister of finance has dealt with it, the issue is out there for you to deal with.”
Nation
Key Regulators, Asset Owners Impressed With HYPREP’s Milestones
Strategic regulators and other stakeholders have expressed satisfaction with the pace, quality and magnitude of work carried out by the Hydrocarbon Pollution Remediation Project (HYPREP) in Ogoniland, in line with the recommendations of the United Nations Environment Programme (UNEP).
In their separate speeches at the 2025 4th quarter key regulators / asset owners meeting held in Port Harcourt, the strategic stakeholders commended HYPREP for the significant milestones achieved with excellent efficiency and transparency, demonstrating capacity and commitment to sustaining collaboration with development partners for the overall success of the Project.
The regulators particularly lauded HYPREP for the landmark success in the implementation of the land and shoreline remediation, mangrove restoration, provision of reticulated potable water, the various sustainable livelihood programmes, donation of ambulances to health facilities in Ogoni, the construction of Centre of Excellence for Environmental Restoration, as well as the ongoing Ogoni Power Project, adding that their independent field reports have shown proofs of HYPREP driving even beyond its mandates.
The goodwill messages were made by representatives of the National Oil Spill Detection and Response Agency (NOSDRA), Centre for Environment and Human Rights Development (CEHRD), Society for Women and Youths Affairs (SWAYA), Stakeholders Democracy Network (SDN), Nigerian Pipelines and Storage Company (NPSC), and Federal Ministry of Environment. Others are the Rivers State Ministry of Environment, the Rivers State Ministry of Health, the National Upstream Petroleum Regulatory Commission (NUPRC), the Rivers State Ministry of Power, the Rivers State University, the Rivers State Ministry of Water and Rural Development, and Renaissance Africa Energy Company Limited.
Following the Monitoring and Evaluation Unit’s presentation on the status of HYPREP projects, participants offered feedback on areas of concern. They reassured HYPREP and the people of Ogoni of their continued support for the Project’s success. They also suggested that the quarterly review meeting be sustained as it enables them to report, evaluate and proffer solutions to areas of concern.
Participants also commended HYPREP for improved community and stakeholder engagement and for adding to what they saw the previous time. “We commend HYPREP for the quality work done at sites. The progress is phenomenal, because HYPREP is scoring good grades, above average,” Prof. Iyenemi Kakulu from Rivers State University said.
In his speech at the event, the Project Coordinator of HYPREP, Prof Nenibarini Zabbey, who was represented by Prof Damian-Paul Aguiyi, Director of Technical Services, commended the regulators and asset owners for their cooperation with the Project, and for making themselves available for fieldwork and the regular review meetings.
Prof Zabbey reiterated HYPREP’s commitment to best practice in waste management, particularly waste generation and disposal, calling on the Regulators for adequate logistics support, saying HYPREP’s priority is to focus on the core recommendations by UNEP, especially, remediation(soil, shoreline) mangrove restoration, provision of potable water, interventions in public health care services and sustainable livelihood for the people.
The Project Coordinator further highlighted the status of the Project, the successes achieved across all thematic areas, and assured that HYPREP will soon complete most of the ongoing projects and roll out others. He explained that the purpose of the meeting was to review the progress of the Ogoni cleanup, ensure quality control, and foster effective collaboration.
Consequently, the quarterly key regulators/asset owners meeting is HYPREP’s strategic stakeholder management model, further underscoring the Project’s commitment to transparency, partnership for development, and accountability, all of which are harbingers of effective project delivery.
Speaking to newsmen, HYPREP Project Support Lead and representative of Renaissance Africa Energy Company Limited, Engr Ehioze Igbinomwanhia, described his involvement with HYPREPas an encouraging and insightful experience, saying, the Project is implementing a wide range of projects across Ogoniland, spanning immediate remediation works as well as livelihood support initiatives aimed at improving the welfare of affected communities.
Engr Igbinomwanhia emphasised that Renaissance Africa Energy remains fully committed to supporting the objectives of the Ogoni cleanup project, noting that the company has a long history of collaboration with HYPREP.
He added that the partnership has been characterised by continuous learning, adaptation and a willingness to respond to observations and recommendations aimed at improving outcomes.
He further emphasised the importance of safety in all project operations, particularly given the challenging terrain and operating conditions in Ogoniland.
He noted that safety is treated as a critical priority and that contractors are continually reminded to maintain high safety standards, stressing that lessons learnt from previous operational challenges like the collapse of the water tank in Gwara Community are being applied to strengthen safety practices and overall performance.
Nation
Maternal Mortality: RSG Identifies 6 High Risk Local Government Areas
The Rivers state Government has identified six local government areas with the highest burden of maternal and Neonatal mortality in the state.
State Commissioner for Health Dr Adaeze Chidinma Oreh said this in an interview with newsmen at the Maternal and Neonatal Reduction innovation initiative ( Mamii)Rivers state activation workshop and state engagement meeting in Port Harcourt.
The event was organized by The Federal Ministry of Health in conjunction with its Rivers state counterpart in Port Harcourt.
Dr Oreh also restated the preparedness of the state government to support current efforts by the federal government towards the reduction of maternal and infant mortalities in the country.
She mentioned the affected Local Government Areas to include, Andoni,Akuku Toru and Ahoada West
The rest according to the Commissioner are, Bonny, Etche and Emohua Local Government Areas.
She said the workshop will enable the team from the federal ministry of health and social welfare to brainstorm with the view to finding solution to the problem.
The Commissioner also gave reasons why the Mamii initiative was the best as far as finding solution to maternal mortality was concerned.
“The uniqueness of the Mamii initiative driven by the federal ministry of health and social welfare was that we used evidence to elicit the reasons for this deaths, so that the solutions will be context specific and tailored to the particular environment where those deaths are occuring
“For us in Rivers state we have six Mamii LGAs , nationally we we have 172 local government areas “the Commissioner said.
Earlier in her opening remarks,Dr Oreh said the state government is prepared to work with the federal ministry of health and social welfare to check the rate of maternal mortality in the state.
She commended The Minister of Health and Social welfare Professor Ali Muhammad Pategi for driving the Mamii initiative across the country and expressed optimism that the programm will see to the end of maternal mortality in the country.
Also speaking the National Coordinator Nigeria health sector Renewal Initiative Dr Adam Ahmed said Rivers state is the last state among Mamii states in the country to host the team.
He said the team will visit the affected Local Government Areas with the view to interacting with the people on how to check the trend.
He expressed the hope that with continuous efforts, maternal mortality will be checked.
Also speaking the permanent secretary Rivers state Ministry of Health Professor Justinah Jumbo said the government is not leaving any stone unturned towards reduction in maternal deaths.
The permanent secretary said Governor Siminalaye Fubara is a health friendly Governor who is desirous in improving the quality of health of Rivers people.
John Bibor
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