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DMO Stops Banks From Lending To State Govts

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The Debt Management Office has stopped the commercial banks from lending to the state governments as well as local governments across the country.
Chairman of Commissioners of Finance Forum, Mr.Timothy Odaah, made this known while speaking at the October Federation Accounts Allocation Committee meeting in Abuja.
Odaah who spoke on behalf of the states asked the Minister of State for Finance, Mr. Bashir Yuguda, to stop intervene and save the states from starvation of funds.
Sources close to the meeting said initially, the minister said he was not aware of the directive from DMO stopping commercial banks from lending to the states.
However, when one of the commissioners read a letter dated August 26 emanating from DMO to commercial banks on guidelines for lending to the three tiers of government, the minister said the purpose of the letter was to ensure conformity to laid-down procedures.
In the letter which had been copied to the Central Bank of Nigeria as well as the chief executive officers of the banks operating in the country, the banks were told that they can only lend to any tier of government for long term projects.
The commissioners, however, protested saying that in practical terms; the banks had stopped lending to state and local governments except with the approval from the Federal Ministry of Finance.
They kicked against the need to obtain approval from an agency of one arm of government before a bank can lend to two other arms of government that are in federation with the federal government.
The commissioners accused the Federal Government of ‘trading on the part of illegality’ and wondered when the commercial banks started lending on long term basis.
The commissioners expressed disappointment that at a time when revenues sharable by the three tiers of government were dwindling; they would also be tactically fenced off from the money market without even the opportunity of resorting to the capital market.
To douse the tension that was generated by directive, the minister asked the commissioners to state their position in a letter to the ministry.
Speaking to the press after the meeting, Odaah denied that there was a disagreement between the Federal Government and the states but confirmed that the banks had been given instruction to stop lending to the states and local governments.
Odaah said, “If there were such (disagreement), you would have heard cacophony of voices. When we rose up and clapped our hands, you didn’t hear that one – that we passed vote of confidence on the minister and chairman of FAAC for the way he had been able to carry us along.
“We looked at certain issues – that the government should look into the matter of borrowing. The states would like to have banks unencumbered. Some of the banks are complaining that they are under some instructions and we have asked the minister to look into that.
“We appealed to the minister to do much in order to ensure that the coast of the capital market is cleared because it is only from the capital market that you can have easy fund and it is much more transparent especially when you look at coupon rate.
“The banks now being money market; they give only short term loans. And if you take short terms loans; you cannot not use it to develop long term projects. We looked at all those areas.”
Odaah who is also Commissioner for Finance in Ebonyi State called for the removal of subsidy from petroleum products, arguing that it was the way to manage dwindling oil revenue and enable the states to develop at their own pace.

Local Government Health Workers protesting for transfering their salary to Primary Health Care Management in Port Harcourt, recently. Photo: Obinna Prince Dele

Local Government Health Workers protesting for transfering their salary to Primary Health Care Management in Port Harcourt, recently. Photo: Obinna Prince Dele

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HYPREP Inducts 100 Ogoni Youths For Creative Arts Training

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The Hydrocarbon Pollution Remediation Project(HYPREP) has inducted and given orientation to 100 Ogoni youths for training on Creative Arts. The beneficiaries were drawn from Khana, Gokana, Tai and Eleme Local Government Areas of Rivers State.

The induction and orientation ceremony, which took place at the CRAB of the Department of Theatre Arts of the University of Port Harcourt on Wednesday, was a prelude to the training proper, billed to commence next Tuesday.

As usual, HYPREP issued undertaking forms to the trainees, for them to complete and submit as a guarantee that they would subject themselves to the requirements of the programme as well as be of good behaviour throughout the four-month duration of the training.

HYPREP also announced that it would pay N150,000 to each of the beneficiaries monthly, as transport and feeding allowance, stressing, however, that only those who fully participate in the training would be entitled for the allowance.

Speaking at the event, the Project Coordinator of HYPREP, Prof Nenibarini Zabbey, welcomed the trainees to the programme, saying, HYPREP’s projects are evolving and that one thing that is happening today is that the Project has gotten leadership right, by making promises and keeping those promises.

According to him, the Project had equally promised to move away from rudimentary skills acquisition to high impacts acquisition levels, which it has kept today by sponsoring the training on Creative Arts.

He noted that in planning its livelihood programmes for Ogoni youths, HYPREP has taken time out to look for skills that would add value to the lives of the beneficiaries.

Zabbey, who was represented at the event by the Director of Technical Services, Prof Damian-Paul Aguiyi said by packaging the Creative Arts training, it was expected that the Ogoni people would have their own version of Nollywood known as Ogoniwood just as Nigerians are familiar with Hollywood, Bollywood, Kannywood and Nollywood.

To achieve this goal, the Project Coordinator explained that it was the reason for choosing a reputable establishment like Halibiz Consult Limited, to partner with the Department of Theatre Arts of the University of Port Harcourt, which he described as one of the most prestigious in the Niger Delta, for the training of the beneficiaries.

He also indicated that in doing this, HYPREP was desirous of going for talents that would help the Ogoni people grow in the film industry, and urged the beneficiaries to take the training seriously.

Zabbey equally enjoined the trainees to put in their best so that in the next three to five years, they would carve a niche for themselves and become forces to reckon with in the film industry.

On her part, HYPREP’s Head of Sustainable Livelihood, Mrs Josephine Nzidee said HYPREP does what it says it will, stressing that the process of training Ogoni youths on specialised skills started three years ago.

According to her, the selection process for the training was rigorous and transparent, and was carried out by renowned actors actresses.

She disclosed that the training consists of three major aspects, which include acting, script writing and make-up, while Nollywood actors like Charles Nnoje, Ngezu J. Ngezu and award-winning make-up artist, Jude Odo would be on hand to drill and groom the beneficiaries.

Mrs Nzidee noted that the programme is a specialised training that does not have anything like starter packs but that it is purely a professional certification programme that would launch the beneficiaries into the Nollywood industry in Nigeria.

According to her, the Creative Arts training is one of the four specialised trainings organised by HYPREP to ensure that the Ogoni people are well positioned in vital industries like Aviation, Maritime, Creative Arts and Mechatronics.

She said the last of such trainings on Mechatronics would take place in the coming months, and urged the beneficiaries to take the training seriously so as to put the Ogoni people on the Nollywood map.

She further indicated that while Charles Nnoje and Ngezu J. Ngezu would take the beneficiaries on the practical aspects, Jude Odo would take them on the make-up aspects.

Also speaking, the External Relations Manager of Halibiz Consult Limited, Alabo Experience Douglas said his company gives much premium to standard and quality, and assured that the firm would give the trainees value for the money spent on the programme.

While charging the beneficiaries to be dedicated and punctual, he stressed the need for them to approach the programme with the mindset of being empty so that at the end of the day, they would benefit maximally.

On his part, the Head of the Theatre Arts Department of the University of Port Harcourt, Dr Ovunda Ihunwo said the CRAB is an acronym for Creative Review of Arts and Books, stressing that it was named by renowned playwright, Prof Ola Rotimi.

According to him, the CRAB had nurtured, groomed and produced Nollywood actors and actresses like Bobmanuel Udokwu, Ejike Asiegbu,Francis Duru, Hilda Dokubo, Monalisa Chinda, Julius Agwu, and a host of others, assuring the beneficiaries that they were on fertile environment to hone their talents.

He noted that symbolically, the crab is a nutritious seafood common in the Niger Delta, and reiterated the need for the beneficiaries to come empty for the training, as it were.

Ihunwo disclosed that the theory classes of the programme would run for three weeks while the fourth week would be for the master classes, and urged the trainees to avail themselves of the opportunity to make a difference by telling the Ogoni story, which he described as inexhaustible by themselves, in order to put Ogoni on the map.

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Nasarawa Varsity Student Commits Suicide

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A 23-year-old student of Nasarawa State University identified as Jatau Rilokwah, has been reportedly found dead in the university’s senior staff quarters.
A counter-insurgency expert, focused on the Lake Chad region, Zagazola Makama, disclosed this on his X handle on Tuesday.
According to him, the discovery was made on April 27, 2025, by a security officer at the university, Emmanuel Gyawo.
He stated that Gwayo was directed by Prof. Shedrack Jatau to check on his son upon arriving at the residence, and he found Rilokwah hanging from the ceiling.
“Professor Jatau, who was reportedly out of the State at the time, was informed of the incident. A team of police detectives, led by the Divisional Crime Officer of Angwan Lambu, was dispatched to the scene.
“The body showed no signs of violence, and no suicide note was found. Rilokwah was rushed to the Federal Medical Centre in Keffi, where he was confirmed dead by a medical doctor,” he further stated.
He added that the student’s corpse had been deposited in the hospital morgue.
He also quoted police sources as saying that investigations were ongoing to determine the circumstances surrounding the incident.

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Ogun, Nike Art Gallery Set To Transform Olumo Rock

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The Ogun State Government has partnered with Nike Art Gallery to establish a new exhibition space at the Olumo Rock Tourist Centre in Abeokuta, a move Governor Dapo Abiodun says is aimed at boosting annual tourist visits from 20,000 to over 100,000.
Abiodun disclosed the plan on Wednesday while receiving the founder of the Nike Art Gallery, Chief (Mrs) Nike Davies-Okundaye, at his office in Oke-Mosan, Abeokuta.
“I went to Olumo Rock about a month ago and I decided that we needed to do something about restoring Olumo Rock to its old glory. From statistics, Olumo Rock hosts about 20,000 people a year in its current state, and I felt that we could increase that to at least ten times,” the governor said.
As part of the plan, an events hall within the tourist centre will be repurposed as a permanent gallery operated by Nike Art Gallery.
“I told them to shut it down. Practically, we want to bring it down and turn it into a gallery for you to use as an exhibition gallery,” he told Davies-Okundaye.
He added that the gallery will be ready before the National Sports Festival in May, when the State will host about 15,000 visitors.
“I want them to be able to see our tourist sites,” he said, listing attractions such as the Olusegun Obasanjo Presidential Library, the Ransome-Kuti family home, and the Adire market among key heritage spots to be showcased.
Highlighting Ogun’s improved infrastructure, the governor said, “Now that we’ve succeeded in having the intra and inter-state roads in place, you can come to Ogun State by rail; you can come by air. We’ve constructed one of the best airports in Nigeria, and very soon, you will be able to come by sea.”
Davies-Okundaye, in her remarks, praised the state’s efforts to promote tourism and pledged to use the new gallery to attract global attention.
“This gallery will bring many Heads of State. The one I opened in Abuja already has more than 10 Heads of State, including those from South Korea and the Czech Republic. The same will happen here,” she said.
She also applauded the Governor for his commitment to the Adire fabric industry.
“Adire is all over Nigeria, but Ogun has been promoting Adire for over 50 years. Today, the only cloth we can call our own is called Adire. This is what we can sell to the Europeans,” she said.
Abiodun reaffirmed his administration’s backing of the Adire industry, citing policies such as the Adire Ogun Digital Marketplace, compulsory wearing of Adire in the state, and provision of solar-powered production equipment to support artisans.
He also revealed plans to open a creative arts and entertainment village in partnership with Bolanle Austen-Peters, expected to be completed within two months.

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