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5% Nigerians Pocket N37.665 trn Of Nation’s Funds
Less than 5 per cent of Nigeria’s estimated population of 170million consume close to 80 per cent of the country’s annual public finances of about N37.665trillion, according to a study by the International Society for Civil Liberties and the Rule of Law (Intersociety).
The group made the disclosure in Part Two of its public statement entitled: “ASUU Strike and Socio-economic Consequences of Industrial Disputes in Nigeria”, released yesterday from its Onitsha base in Anambra State.
This less than 5 per cent, according to Intersociety, is “made up of 17,500 top public office holders in Nigeria and public industrial unions and their members such as ASUU, NMA, NUT, TUC, NLC, etc.”
Intersociety said in yesterday’s statement signed by its board Chairman, Emeka Umeagbalasi and Head, Publicity Desk, Comrade Justus Uche Ijeoma, that “Our main concern is to expose and bring to the attention of the world how less than 5 per cent of Nigeria’s estimated population of 170million, made up of 17,500 top public office holders and public industrial unions and their members such as ASUU, NMA, NUT, TUC, NLC, etc, have continued to corner and pocket close to 80 per cent of the country’s annual public finances at the monumental expense of other 170million Nigerians. This, they do by allocating to themselves scandalous sums in the form of “allowances” and “overheads”, using the instruments of “Appropriation Acts of the Federation”, “Appropriation Laws of the States” and “Industrial Actions or Strikes.
“The socio-economic consequences of the foregoing are totally incalculable. Since 1997 when Nigeria recorded her last budget surplus, it had been budget deficits all through. Simply put, budget is in deficit when its expenditure is greater than its generated revenues and money is borrowed in cash or in kind to finance it…
“From the foregoing, therefore, Nigerian budgets since 1999 have been deeply debt-ridden and consumptive. They are also static and highly centralized. Between June 1999 and now (2013), the Federal Government had budgeted a total of N37.665trillion (about $221billion using N160.00 per $USD), out of which, N21.7trillion went for recurrent expenditures; N4,5trillion or about $28billion went for debts servicing; and only N11.3trillion or about $70billion went for capital expenditures.”
“Also, between June 1999 and December, 2012, a total of N80trillion or about $500billion was shared by Nigeria’s three tiers of government – federal, states and LGAs – from the country’s Federation Account,” the body said.
Intersociety also quoted former World Bank Vice President for Africa, Oby Ezekwesili’s remarks that, “Nigeria’s total domestic and external debts, including those owed by states, LGAs and government parastatals and ministries have skyrocketed since May 2007, from about $18 billion, including $6billion of foreign and N1.8trillion of domestic debts; to about $100billion or N16trillion in 2013 with a staggering difference of $88billion borrowed locally and internationally by relevant public borrowing establishments. In 2012 alone, Nigeria paid a whopping sum of N699billion or about $4.4billion to banks and other lending institutions within and outside the country in the form of “debts or loans’ interests.”
According to the body, “critical look at the foregoing clearly indicates that close to 80 per cent of such huge expenditures and loans were expended and borrowed to service 17,500 Nigerian top public office holders, and members and leaders of public industrial unions such as ASUU, under the guise of “allowances” and “overheads,” adding that, the major challenge facing the growth and development of the Nigerian economy is institutionalization, with reckless abandon, of spurious allowances and overheads.
“As we have earlier stated, out of N592billion spent annually to service the wage entitlements of 12,788 LGAs’ executives and councillors, N550billion goes into payment of allowances. Only N42billion is spent on their salaries. Out of N300billion spent on about 2,664 state executives in the 36 states, N272billion is spent on allowances and only N28billion is spent on salaries. Out of N60.4billion spent on 469 federal lawmakers annually, N54.2billion is spent on allowances and only N6.1billion is spent on salaries.
“Out of N92.3billion spent annually on 472 federal executives in the country, N89.7billion is for allowances and only N8.6billion is for their salaries. Out of N40.9billion spent on 1,152 state lawmakers, N35.8billion is spent on allowances and only N5.09billion is spent on their salaries. Out of N18.5billion spent on 792 state judges, N15.4billion is spent on allowances and only N3.1billion is spent on their salaries; and out of N14.8billion spent on 142 federal judges annually, N13.1billion is spent on allowances and only N1.7billion is spent on their salaries,” Intersociety said.
Intersociety added that “the forgoing does not capture spurious overheads and extraneous allowances annually smuggled into the Appropriation Acts of the Federation and the Appropriation Laws of the 36 states in the country.”
News
Red Cross Unveils New Generation Of Humanitarians In PH
The Nigerian Red Cross Society (NRCS), Rivers State Branch, has expanded its humanitarian footprint in Rivers State with the formal inauguration of student volunteers at Command Children School (CCS), Bori Camp, Port Harcourt, marking a significant step in promoting humanitarian values among young Nigerians.
The ceremony, which took place at the school premises, officially admitted CCS students into the Nigerian Red Cross Society.
The Rivers State Branch Representative of the Red Cross Society, Mr Noah Idegbesor, disclosed this in his opening remarks at the occasion.
In a symbolic display, the students marched to the flag stand alongside members of the high table and the Branch Representative, where the Red Cross flag was hoisted, signifying the school’s full induction into the Nigerian Red Cross Society.
With the flag raised, CCS was formally declared a member institution of the NRCS.
As part of the inauguration, a certificate of affiliation was presented to the school by the Nigerian Red Cross Society and received on behalf of the school by the Head Teacher, Mrs Onwuzuruigbo Taiwo.
Speaking as Chairman of the occasion, the Acting Director, Nigerian Army 6 Division Education Services, Port Harcourt, Lt. Col. A. Sadiq, described the event as very unique and significant.
Represented by Staff Sergeant Arisa Eberechi, the Director assured of the support of his team in ensuring success of the endeavour.
Also speaking, the Chairman of the Parents Teachers Association (PTA) of the school, Mr Zuru Daniel, said the establishment of the Red Cross unit in the school was a welcome development and assured of the support of the body to ensure its sustainability.
The event also featured a parade by the volunteers, freewill donations from dignitaries and parents in attendance, underscoring community support for the humanitarian initiative.
Speaking earlier, the Head Teacher, Mrs Onwuzuruigbo Taiwo, described the inauguration as an emotional and fulfilling moment.
“It was awesome. We thought it would not be possible, but today it was glorious,” she said.
Taiwo explained that the school’s participation in the Red Cross Society began when management decided to introduce clubs and societies.
“I told my assistant that I wanted the Red Cross to be one of them. The Red Cross signifies many things; it is service to humanity,” she added.
Also, the Assistant Head Teacher, Mrs Bawo Agbana, expressed appreciation to dignitaries, officials of the Nigerian Red Cross Society and parents for their support and presence.
The Assistant Head Teacher (Administration) described the programme as overwhelming and exciting, expressing gratitude to God for its success.
She said the school’s decision to embrace the Red Cross Society was driven by the need to instill values of love, kindness and service in children from an early age.
“Our impression of the Red Cross is being good to people, showing love and kindness. As the children grow, we want to build the spirit of humanity in them so they can show love and care in school, their communities and Nigeria at large,” she said, adding that early training was crucial given current challenges in the country.
She also delivered the closing remark, after which a photo session was held with the newly inaugurated student volunteers.
Other dignitaries at the occasion include Chairman, Python Officers’ Mess, 6 Division, Port Harcourt, Chief Dan Harrison, and the Sualla 1 of Adagbabiri Kingdom, Chief Col. K. Agbana (Rtd.),
Speaking in an interview at the event, 10-year-old primary five pupil, Precious Ote, said she volunteered to join the Red Cross Society because of her desire to help and care for people.
Similarly, 11-year-old Eno Marvellous of Primary Four expressed excitement at becoming a member of the Red Cross Society, noting that her hope is “to save” lives.
The inauguration highlights ongoing efforts by the Nigerian Red Cross Society to nurture a culture of volunteerism, compassion and humanitarian service among schoolchildren in Port Harcourt and beyond.
News
IPOB Orders Total Cancellation Of Sit-At-Home In S’East
The proscribed Indigenous People of Biafra (IPOB) has ordered the total cancellation of the Monday sit-at-home across the South-East, with effect from today.
This was disclosed by the IPOB spokesperson, Emma Powerful, in a press statement issued yesterday.
He said that the directive came directly from the leader of the group, Nnamdi Kanu.
Recall that the pro-Biafran group declared the sit-at-home in August 2021 as a way of protesting the rendition of Kanu to Nigeria and his subsequent incarceration. During the exercise, markets, schools, banks and offices remained shut.
Powerful said that with the current directive, there is no need, excuse or justification for anyone to stay at home on Mondays, adding that markets, schools, offices, transport services and economic activities must resume fully and normally from Monday.
The statement read in part, “The IPOB, under the supreme leadership of Nnamdi Kanu, hereby announces to the entire world that the Monday sit-at-home across the South-East is officially and permanently cancelled with effect from tomorrow, Monday, February 9, 2026.
“This directive comes directly from Onyendu Mazi Nnamdi Kanu himself, who has once again staked everything on the line to ensure that our children return to school every Monday and that our people go about their lawful businesses without fear, intimidation or molestation.
“Any person in doubt should visit Sokoto Correctional Centre to confirm with him. We can no longer hide under ‘Onyendu cannot be reached to confirm’ to persist with our recalcitrance or docility. Monday sit-at-home is over. That era is gone!
“There is now no need, excuse or justification for anyone to stay at home on Mondays. All markets, schools, offices, transport services and economic activities must resume fully and normally from tomorrow. This is the clear and unequivocal order of the Supreme Leader of IPOB.”
Kanu, the statement said, “has made it abundantly clear that any individual or group attempting to enforce sit-at-home from this moment forward is acting against his direct command. Such persons are enemies of our people and the Biafran cause. They will be pursued to the ends of the earth and confronted until they are completely defeated.”
The group noted that some people are attempting to create fear, stage attacks or intimidate people into staying indoors under false flags.
“Let it be known that any person or group identified as enforcing or enabling sit-at-home will be confronted wherever they are. Our people must remain vigilant, calm and law-abiding.
“At the same time, IPOB wishes to make it clear that no state governor has the right to threaten, demolish or forcibly shut down the businesses of traders who, out of conscience, choose to sit at home in solidarity with our leader.
“Any attempt by Governor Soludo or any other governor to intimidate our people with demolition threats or forced market closures will be firmly resisted,” the statement added.
According to the group, any renovation, reconstruction or improvement of markets that involves temporary relocation must be carried out only with the consent of all stakeholders, adding that adequate temporary trading sites must be provided before any such projects commence.
“Our enemies have in the past succeeded in instigating crises and planting seeds of discord among our people. We must not allow them to succeed again. We are one people, united by a common destiny. Our struggle is for freedom, dignity and justice for all, not just for Biafrans.
“We therefore call on all our people across the South-East to come out tomorrow, open their shops, go to work and send their children to school without fear.
“The era of Monday sit-at-home is over,” the statement concluded.
News
Agency Seals 11 Fuel Stations In PH Over Fraudulent Transactions
No fewer than 11 petroleum filling stations have been sealed in Port Harcourt by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for various regulatory infractions.
The filling stations were shut down during the Authority’s ongoing surveillance initiative tagged ‘Operation One Litre for One Litre,’ in Port Harcourt.
The enforcement followed allegations of under-dispensing, faulty pumps and other practices considered detrimental to consumers.
Regional Coordinator of NMDPRA, South-South, Engr. Victor Owhodiasa, made this known during the monitoring exercise in Port Harcourt, last week.
He said the operation was designed to protect consumers and ensure they receive full value for their money when purchasing petroleum products.
Owhodiasa noted that although fuel prices are now largely market-driven, consumers must not be short-changed at the point of sale.
According to him, the affected stations were found to be dispensing below approved tolerance level or operating with failed pumps and generators.
He explained that claims of faulty equipment during inspection were treated with suspicion, leading to the sealing of such facilities until defects are fully rectified.
Owhodiasa stressed that any outlet dispensing outside the approved bandwidth would remain sealed until full compliance is verified.
He warned that filling stations found to be habitual offenders risk losing their operating licences.
Owhodiasa added that the enforcement team conducted spot checks along major routes in Port Harcourt, including Azikiwe Road, and would continue random inspections across the city.
He called on members of the public to report suspected cases of under-dispensing by filling stations, assuring that the Authority would promptly act on such complaints.
By: King Onunwor
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