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NEC Meets, Demands Excess Crude Account Details

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Six months after the last one was held, a meeting of the National Economic Council consisting of the 36 state governors and some ministers was held  yesterday at the Presidential Villa, Abuja.
Surprisingly however, no mention was made of the money due to the Federation Account which the Nigerian National Petroleum Corporation allegedly failed to account for during the meeting presided over by Vice President Namadi Sambo.
The missing fund has remained one of the reasons why the meeting which holds monthly had not been convened for the past six months because of the report that members of the Governor Rotimi Amaechi-led faction of the Nigeria Governors Forum were planning to confront Sambo on the matter and other economic issues.
A source at the meeting told our correspondent that the issue of the missing fund was not included on the meeting’s agenda.
“That item was not on the agenda and nobody raised the issue when the agenda was read for amendment in case members have additions to make. You also know that the acting CBN governor was not at the meeting because they are all appearing before the Financial Reporting Council of Nigeria. Minister of Finance briefed the meeting but no mention was made of the missing fund,” the source said.
Briefing State House correspondents of the meeting’s outcome, Governor Godswill Akpabio, quoted the National Security Adviser, Col. Sambo Dasuki (retd.), as saying that 17 states have been identified as flashpoint of current clashes between herdsmen and farmers which have left many people dead.
Akpabio further quoted the NSA as saying that his office was working round the clock to stem the tide of the violence.
He said, “Council also discussed the issues pertaining to the current conflicts between the farmers and the pastoralists across the entire country. We received presentations from the NSA on the incessant conflicts being experienced across Nigeria, especially the one of sacking so many villages by criminals in Benue State and other adjoining states in the North.
“According to the NSA presentation, 17 states have been identified as flash points. Of course such states include Benue, Plateau, Adamawa, Bauchi, Niger, Nasarawa, Kwara, Kaduna and Oyo. We also reported issues bordering on the conflicts in southern parts of the country like Edo, Akwa Ibom, and Cross Rivers, particularly in the Ogoja area.
“The NSA reported to Council the efforts being made by his office to involve international agencies on the issues, one of which is that it will invite all stakeholders to an international conference to deliberate, adding that the agency based in Geneva, Switzerland is working out the modalities to involve communities in the affected states to find means of settling the conflicts in Plateau and that will now be used as a pilot programme across the entire country.”
He said the council also resolved that Governor Gabriel Suswan of Benue State should join Governor Murtala Nyako of Adamawa State as co-chair of a committee on grazing reserves earlier set up.
The governor added that the council further resolved that a technical committee be set up to come up with recommendations that can resolve the conflict between the farmers and the pastoralists.
The committee, he said, was directed to meet with all stakeholders within two weeks.
However, the National Economic Council (NEC) in Abuja yesterday requested the Federal Government to give the details of the spending on Excess Crude Account (ECA) to the states.
Akwa Ibom State Governor, Godswill Akpabio made this known after the NEC meeting presided over by the Vice President Namadi Sambo at the State House.
NEC is the highest economic decision making body statutorily presided over by the vice president with all state governors, FCT Minister, Attorney-General of the Federation and some ministers as members.
Akpabio said the Minister of Finance, Dr Ngozi Okonjo-Iweala, told council that the fund in the ECA had risen to about $3.5 billion after payments of fuel subsidy and SURE-P.
“The NEC meeting holds today, the first in 2014. During the meeting the Minister of Finance, our lady Okonjo-Iweala reported to council the progress in the ECA.
“She informed council that as at today, the ECA has risen to about $3.5 billion after payment for fuel subsidy and SURE-P.
“The council deliberated on it and resolved that there was need for expeditious action to be taken to resolve all the legalities surrounding the issues of ECA, particularly the issue of expedition action on the cases pending in court.
“It was also further suggested that at least two separate accounts should be maintained, one for excess crude and the other for SURE-P,’’ he said.
The ECA is an account maintained by the Federal Government to save oil revenues above a base amount derived from a defined benchmark price.
The ECA was established in 2004 and its objective is primarily to protect planned budgets against shortfalls due to volatile crude oil prices.
It will be recalled that in 2010, the NEC approved the plan to replace the ECA with a National Sovereign Wealth Fund.
Following controversies over the sharing formula and spending procedure of the ECA, the 36 state governors under the aegis of the Nigeria Governors Forum, had dragged the Federal Government to the Supreme Court.
Specifically, the governors are seeking the judicial interpretation of the management of the ECA.

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Rivers Govt Hails Anglican Church’s Role In Peace, Development

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The Rivers State Government has commended the Church of Nigeria (Anglican Communion) for its outstanding contributions to the development of Rivers State, particularly in the areas of peacebuilding, education, healthcare, and moral development.
Governor of Rivers State, Siminalayi Fubara, stated that the Church has remained a dependable partner in promoting peace, unity, justice, moral discipline, and social harmony across society.
The Governor, who was represented by the Secretary to the State Government, Dr. Dagogo Wokoma, made the remarks during the thanksgiving service marking the 30th Anniversary and First Session of the 11th Synod of the Diocese of Niger Delta North, held at St. Peter’s Anglican Church on Sunday.
Governor Fubara described the Synod’s theme, “Kingdom Advancement: The Priority of Every Believer,” as timely and relevant, considering the prevailing realities in society.
According to him, the Church continues to play a vital role in shaping societal values and inspiring hope among citizens.
“The Church remains a vital partner in promoting peace, unity, justice, and moral discipline. Its role in shaping values and inspiring hope cannot be overemphasized,” he stated.
The Governor further acknowledged the Anglican Communion’s contributions in education, healthcare delivery, youth empowerment, humanitarian services, and spiritual guidance across communities in Rivers State.
“The Rivers State Government appreciates the invaluable contributions of the Anglican Communion in education, healthcare, youth development, humanitarian support, and spiritual guidance. Your impact across communities in Rivers State continues to strengthen families and promote peaceful coexistence among our people,” he added.
Governor Fubara reaffirmed his administration’s commitment to building a peaceful, united, and prosperous Rivers State where all citizens can thrive irrespective of religion, ethnicity, or social background.
He also urged the Synod to continue praying for sustainable development and progress in Rivers State and Nigeria at large.
Earlier in his sermon, the Guest Minister, Joseph Olushola, spoke on the topic, “Kingdom Investment and Internal Rewards,” urging Christians to remain faithful stewards of God’s blessings and committed to advancing God’s kingdom through service and generosity.
The cleric emphasized that believers are custodians of the virtues and resources entrusted to them by God, stressing that divine rewards are based on faithfulness and impact rather than material possessions.

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Shell, MAN Back Rivers’ Drive For Expanded Gas Supply To Industries

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The Shell Nigeria Gas Limited, in partnership with the Manufacturers Association of Nigeria (MAN), has reaffirmed support for efforts to expand gas distribution infrastructure in Rivers State as part of initiatives aimed at improving access to affordable, cleaner and more reliable energy for industries across the South-South region.
The commitment was highlighted during the SNG–MAN Business Forum held in Port Harcourt, where stakeholders from the industrial and public sectors examined the role of natural gas in driving industrialisation, boosting local production and strengthening energy security.
Speaking at the forum on behalf of the Managing Director of Shell Nigeria Gas Limited, the company’s Head of Gas Distribution, Mr. Chukwuka Amos Ejesi, described natural gas as a critical component of Nigeria’s energy mix and a key driver of sustainable industrial growth.
According to him, Nigeria’s gas development agenda has reached a stage where policy direction must be matched with practical implementation capable of addressing the energy challenges confronting manufacturers.
He noted that pipeline gas offers industries a cleaner, more dependable and cost-effective energy alternative capable of supporting uninterrupted operations, reducing emissions and improving production efficiency.
“Gas is the backbone of manufacturing, and we are encouraged by the growing recognition among stakeholders of the need for cleaner and more reliable energy solutions,” he said.
Ejesi stressed the need for sustained collaboration among energy providers, government institutions and industrial stakeholders to maximise the country’s gas resources for economic development.
He added that improved gas infrastructure would strengthen manufacturing value chains, enhance productivity and promote more competitive industrial operations across Rivers State and the wider South-South region.
Participants at the forum also emphasised the importance of expanding energy infrastructure as a pathway to unlocking industrial capacity, reducing operating costs and promoting sustainable industrial development.
Representing Governor Siminalayi Fubara, the Director-General of the Rivers State Investment Promotion Agency, Dr. Chamberlain Peterside, reaffirmed the state government’s commitment to partnering with private sector investors to revitalise industrial activities in the state.
He identified key projects targeted under the initiative to include the revival of the Ahoada Industrial Park, the New Port City project and the proposed Bonny Industrial Park, all aimed at stimulating economic growth and expanding industrial opportunities along the Bonny corridor.
According to the governor, the long-term vision is to position Rivers State as a leading manufacturing hub in Southern Nigeria through strategic public-private partnerships.
Governor Fubara also commended Shell Nigeria Gas and MAN for sustaining engagements geared towards improving industrial energy access, noting that gas infrastructure development remains central to the state’s economic recovery plans.
He further observed that the gas sector presents enormous opportunities for economic growth, especially as global energy systems continue to shift towards cleaner energy sources.
The governor called on stakeholders to work collectively towards developing a practical and sustainable gas framework capable of supporting the state’s industrial and energy development objectives.

By; Kevin Nengia

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Odu Charges Newlyweds To Build Marriage On Love

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Rivers State Deputy Governor, Prof. Ngozi Nma Odu, has charged newlywed couples to build their marriages on the virtues of love and submission as taught in the Word of God.
Prof. Odu gave the charge at the wedding ceremony of Amblessed Favour Sunny-Cookey and Samson Jesuganji at Lifegate Power Ministries, Dominion Cathedral, in Port Harcourt on Saturday, 16th May 2026.
The Deputy Governor congratulated the couple on beginning a new phase of life together and prayed for God’s blessings upon their union, noting that the couple had been raised by godly parents and encouraged them to uphold the Christian values instilled in them.
Referring to the sermon delivered during the ceremony, Prof. Odu emphasized that the principles of love and submission remain fundamental to a successful marriage.
According to her, genuine love reflects the nature of God, stressing that love should remain the foundation of the couple’s relationship as they journey through life together.
Prof. Odu further prayed for enduring peace, happiness, and progress in the home, expressing confidence that the marriage would continue to flourish under God’s guidance.
The Deputy Governor also commended the families of the couple for their support and upbringing, while urging the newlyweds to always remember the significance of the day and the commitment they had made before God and witnesses.
In his sermon at the wedding, the Founder and Presiding Pastor of Salvation Ministries, Pastor David Ibiyeomie, stated that marriage did not originate from Western culture, traditions, or human ideas, but from God, whom he described as the “manufacturer” of marriage.
According to the cleric, couples seeking lasting and peaceful homes must rely on biblical principles rather than societal trends or assumptions.
He explained that many marital crises and rising divorce rates stem from ignorance and failure to apply scriptural teachings in family life.
Drawing from the biblical parable of building a house on a rock, Pastor Ibiyeomie said the Word of God remains the only solid foundation capable of sustaining marriages through challenges and difficult times.
He noted that marriage naturally comes with unexpected realities and pressures, stressing that religious ceremonies or cultural practices alone are not enough to sustain a home without proper understanding of God’s instructions.
The pastor further warned that ignorance of scripture remains one of the greatest weapons against believers, urging Christians to study and practice the Word of God rather than merely attending church services.
It would be recalled that the bride is the daughter of Pastor Sunny Cookey the Founder and Presiding Pastor of Lifegate Ministries. The Ceremony had lots of Ministers in attendance which includes Apostle Zilly Aggrey, Pastor George Izunwa, and Bishop Winston Iwo

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