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Ministry Records 59 Per Cent Budget Performance

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The Ministry of Foreign Affairs has said that it has
recorded 59 per cent budget performance for 2012.

This was made known by Mr. Stephen Ocheni, Director, Finance
and Accounts, Ministry of Foreign Affairs, when the House of Representatives
Committee on Foreign Affairs paid a visit to the ministry last week in Abuja.

Ocheni said that a total of N4.2 billion was appropriated as
capital budget for the ministry’s headquarters, but that a total of N3.2
billion was released, representing 76 per cent.

He also said that a total appropriation of N211 million was
allocated to agencies supervised by the ministry, but that N33 million was
released, representing 16 per cent.

The director added that out of a total appropriation of N3
billion for missions abroad, N708 million was received, representing 38 per
cent.

“The summary of the budget performance for 2012 for Ministry
of Foreign Affairs is as follows:

“For the headquarters we have total appropriation of N4.2
billion.

“Out of this, N690 million was released for the first quarter;
for the second quarter, we have a total of N2.6 billion for ambassadorial
posting.

“Third quarter there is no release at all; then total
release to date is N3.2 billion leaving an outstanding N1.1 billion unreleased
on capital budget for the headquarters.

“That represents 76 per cent of release so far as at
Sept.30.

“For the agencies, total appropriation, N211 million; then
for the total release for the agencies stands at N33 million.

“That leaves an outstanding balance of N177 million
representing 16 per cent.

“Missions – N3 billion is the appropriation then the total
release so far, from first quarter to third quarter, is N708 million.

“This also represents 38 per cent performance.

“On the overall, we have the total performance of capital
release of 59 per cent.

“Overhead release for the ministry as at Sept. 30 is 74 per
cent; then the agencies, 72 per cent.

“Our missions’ overhead is 100 per cent as at today because
the overhead for missions are released half-yearly and the second half for the
year, for the overhead for all our missions, have been released as at last
week, except for personnel.

“Personnel is still at 50 per cent so far.’’

Ocheni added that 75 per cent of budget was received as
personnel cost for the ministry, while 58 per cent was recorded for the
agencies.

“Personnel is handled by the IPPIS in the office of the
Accountant-General of the Federation; for the headquarters, the personnel
release is 75 per cent as at Sept. 30.

“Our agencies are not under the IPPIS, so our percentage performance
of personnel for our agencies stands at 58 per cent.

“Then our missions stood at 50 per cent as at Sept. 30.

Earlier, Mrs. Nnenna Elendu-Ukeje, Chairperson, House of
Representatives Committee on Foreign Affairs, reiterated the decision of the
House of Representatives to review the budget release and implementation by the
ministry.

Elendu-Ukeje also reiterated the committee’s resolve to
ensure that areas that posing challenges were addressed.

“In a few weeks you are going to come to the National Assembly
and face us for your budget defence.

“So we want to know what it is that you have done, what it
is that we have appropriated and how far it is that you have accessed those
funds; how much use you have put them to; what have the total releases been and
has it met your expectations and so on.

“Today we decided that as the Committee on Foreign Affairs,
it was imperative that we actually feel your pulse and walk in your shoes for a
couple of hours and understand exactly what the problems are.

“Therefore, we are here to curb wastage and to ensure that
in the area where there is no wastage, we shall put our best foot forward, put
on our persuasive caps and persuade for more appropriation in that sector.

Prof. Viola Onwuliri, Minister of State (II) for Foreign
Affairs, expressed gratitude and reiterated the commitment of the ministry to
project the country’s image positively in the comity of nations.

The House of Representatives already asked for a suspension
of the presentation of the 2013 budget by President Goodluck Jonathan.

It declared last week that it had to first do a review of
the medium-term expenditure pattern ahead of the budget presentation.

There had been allegations by the House of Representatives
that the Ministry of Finance had not released up to 50 per cent of the 2012
budget as claimed.

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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