News
Senate Rejects NITEL’s Liquidation
The Senate yesterday opposed the Federal Government’s planned liquidation of the Nigeria Telecommunications Limited (NITEL) and opted for concession.
The Chairman, Senate Committee on Privatisation, Senator Gbenga Obadara (ACN-Ogun), stated this at an interactive session with newsmen in Abuja.
Obadara said the information to liquidate NITEL was conveyed to the senate at the committee’s meeting with the Bureau of Public Enterprise (BPE) and the National Council on Privatisation (NCP).
“We met with BPE and NCP on the way forward for NITEL and MTEL to obtain the situation report of the proposed privatisation of the two companies.
“We were told that the exercise would go through guided liquidation.’’
The chairman said the BPE explained to the committee that NITEL owed the Federal Government and other people about N351 billion.
“We were later told that NITEL owed Federal Government N179 billion and with facts available, we know that federal government and government agencies owe NITEL up to N250 billion.’’
The chairman, who said that the committee was told that NITEL owed banks about N64 billion, added that the debt could still be negotiated.
He, however, explained that BPE and NCP were unable to furnish the committee with information about the people or organisations who owed NITEL.
“They cannot give us the fact of who owes NITEL to this present time. The people that owe NITEL we don’t know.’’
He explained that one of the senate’s objections to the sale of NITEL was because neither BPE nor NCP could ascertain the true value of the company.
“We asked the question what is the worth of NITEL today, they could not tell us. How do you then sell what you don’t know the worth?’’
“As people representing Nigerians from various senatorial districts, we thought it fit not to allow NITEL to be sold without having empirical facts to collaborate what they were telling us.’’
He described NITEL as “a major government organisation badly run by past administrations”.
“No nation will sell its major asset and so in the case of NITEL, we should not throw away the baby with the bath water.
“If you look at international best practice today, it is Public Private Partnership (PPP) or concession that is used.’’
According to him, if NITEL is given a life-line through concessionaires or even a PPP arrangement, with good conditions including tax rebates, the organisation will benefit Nigerians.
“ Through this method, more people will be employed throughout the country and the country’s GDP will equally increase.
“At the end of the tenure of the concessionaire, the country will have a good telecommunications company to run and be able to go to the stock exchange for Nigerians to buy into the company.”
News
FG Ends Passport Production At Multiple Centres After 62 Years

The Nigeria Immigration Service has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, disclosed this yesterday while inspecting Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
He said the centralised production system aligned with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for better service delivery.
News
FAAC Disburses N2.225trn For August, Highest In Nigeria

The Federation Account Allocation Committee (FAAC) has disbursed N2.225 trillion as federation revenue for the month of August 2025, the highest ever allocation to the three tiers of government and other statutory recipients.
This marks the second consecutive month that FAAC disbursements have crossed the N2 trillion mark.
The revenue, shared at the August 2025 FAAC meeting in Abuja, was buoyed by increases in oil and gas royalty, value-added tax (VAT), and common external tariff (CET) levies, according to a communiqué issued at the end of the meeting.
Out of the N2.225 trillion total distributable revenue, FAAC said N1,478.593 trillion came from statutory revenue, N672.903 billion from VAT, N32.338 billion from the Electronic Money Transfer Levy (EMTL), and N41.284 billion from Exchange Difference.
The communiqué revealed that gross federation revenue for the month stood at N3.635 trillion. From this amount, N124.839 billion was deducted as cost of collection, while N1,285.845 trillion was set aside for transfers, interventions, refunds, and savings.
From the statutory revenue of N1.478 trillion, the Federal Government received N684.462 billion, State Governments received N347.168 billion, and Local Government Councils received N267.652 billion. A further N179.311 billion (13 per cent of mineral revenue) went to oil-producing states as derivation revenue.
From the distributable VAT revenue of N672.903 billion, the Federal Government received N100.935 billion, the states received N336.452 billion, while the local governments got N235.516 billion.
Of the N32.338 billion shared from EMTL, the Federal Government received N4.851 billion, the States received N16.169 billion, and the Local Governments received N11.318 billion.
From the N41.284 billion exchange difference, the Federal Government received N19.799 billion, the states received N10.042 billion, and the local governments received N7.742 billion, while N3.701 billion (13 per cent of mineral revenue) was shared to the oil-producing states as derivation.
News
KenPoly Governing Council Decries Inadequate Power Supply, Poor Infrastructure On Campus
The Governing Council of Kenule Beeson Saro-Wiwa Polytechnic, Bori, has decried the inadequate power supply and poor state of infrastructural facilities and equipment at the institution.
The Council also appealed to the government, including Non-Governmental Organisations, agencies, as well as well-meaning Rivers people to intervene to restore and sustain the laudable gesture, dreams and aspirations of the founding fathers of the polytechnic.
The Chairman of the newly inaugurated Council, Professor Friday B. Sigalo, made this appeal during a tour of facilities at the Polytechnic, recently.
Accompanied by members of the team, Prof Sigalo emphasised the position of technology, technical and vocational education in sustainable development.
He noted that with the prospects on ground, and the programmes and activities undertaken in the polytechnic, there is no doubt that the institution would add values to the educational system in our society and foster the desired development, if the existing challenges are jointly tackled.
This was contained in a statement signed by Deputy Registrar, Public Relations, Kenpoly, Innocent Ogbonda-Nwanwu, and made available to The Tide in Port Harcourt.
The chairman who restated the intention of his team of technocrats to ensure that KenPoly enjoys desirable face-lift, said the Council would deliver on its core mandates, accordingly.
Earlier, the Rector, KenPoly Engr. Dr. Ledum S. Gwarah, commended the appointment of Professor Friday B. Sigalo as Chairman of the KenPoly Governing Council.
He described him and his team as seasoned technocrats and expressed confidence in their ability to succeed.
The Rector pledged the management’s support to the Council to ensure that KenPoly resumes its rightful place in the comity of polytechnics in the country.
Facilities visited by the Governing Council include KenPoly workshops, laboratories, skills acquisition centre, library, hostels and medical centre.
Chinedu Wosu
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