News
2016 Budget: Presidency Moves To Douse Tension …As Buhari Writes NASS
Worried by the controversy dogging the 2016 Budget at the National Assemble, there were indications at the weekend that President Muhammadu Buhari is set to decontaminate the odium of the situation.
Our sources inside Aso Rock Presidential Villa said that, “some tacit clarifications might be made tomorrow” (today).
It was gathered that the clarifications are contained in an official letter written by the President to the leadership of the National Assembly on adjustments in the budget.
The letter is expected to be read by the Senate President, Bukola Saraki, and Speaker of the House of Representatives, Yakubu Dogara, at plenary tomorrow.
The source disclosed that the difference spotted by the Senate “does not really affect the substance of the budget to the extent that there is a serious breach”.
Meanwhile, a former National Chairman of the All Progressives Congress (APC), and one-time governor of Osun State, while commenting on the 2016 Budget controversy during an interview, lampooned the Senate leadership for what he described as an act of indiscipline.
The APC chieftain said his party was mindful of the consequences of allowing wrong people to be at the helm of affairs which was the reason the party wanted disciplined individuals to lead the Senate.
“Nigeria’s budget is a huge document and one wonders how such a document could be missing in the Senate. The development is a fallout of indiscipline that brought the current leadership of the Senate into the position and, as you know, that was not the choice of our party”, Akande stated.
But in a reaction, the Senate told Akande that he got it wrong. The Senate said it was regrettable that a man of the former party leader’s status would respond to mere speculation without cross-checking his facts or, worse still, eager to latch on to any opportunity to bring to disrepute the leadership of the Senate because he failed to get his choice candidates elected.
In a statement by its spokesman, Senator Aliyu Sabi Abdullahi, the Senate urged Akande to check his records properly so that he could see that “at no time did the Senate say the 2016 Budget was missing”.
Rather, Abdullahi noted, the legislative house had insisted in several official statements and press interviews by its principal officers that the budget was not missing but that two different versions are now available.
He explained that the statement by Akande was another expression of the frustration that the former governor of Osun State suffers for not being able to impose his men on the Senate as leaders.
Sources said at the weekend, that President Muhammadu Buhari has officially written to the President of the Senate, Bukola Saraki, requesting the formal withdrawal of the proposed 2016 budget for adjustment.
Buhari’s request may likely put to rest the controversy over the missing original budget document presented to the joint session of the National Assembly on December 22, 2015.
The Presidency had after presenting the 2016 budget discovered that some of the figures proposed were incredibly high.
Buhari’s letter of withdrawal was addressed to Saraki and Dogara, the source said.
The report revealed that the old budget contained major omissions like absence of allocation for the second Niger Bridge while a large sum was allocated for line items which have now been reviewed.
The 2025 annual general meeting (AGM) and conference of the Rivers/Bayelsa states chapter of the Manufacturers Association of Nigeria (MAN) has come to a close with a strong call for both states to drive the blue economy.
The communique just issued after the AGM pointed to what it called emerging prospects in fish processing, seaweed cultivation, ship repair, and marine technology.
The communique which also mentioned human capital gaps that must be filled through technical and vocational training that are aligned with modern industrial needs, said the blue economy represents a viable pathway for Nigeria’s industrialisation.
It said MAN and Arican Marine Environment Sustainability Initiative (AFMESI) have the capacity to unlock Nigeria’s blue economy sustainably and inclusively, but said the region required dedicated infrastructure upgrades, including roads, waterways, and power.
The communique was signed by Vincent Okuku (Chairman of Rivers/Bayelsa States Branch); Michael Nosa Agana (Branch Vice Chairman/Chairman AGM planning Committee); and Chibuzor Eze (Executive Secretary, Rivers/Bayelsa States Branch).
The resolutions said the future of the Niger Delta economy lies in diversification rather than dependence on extractive industries. “Technology and innovation, value addition and local processing, strategic infrastructure, and a skilled workforce are essential pillars for the future of manufacturing in the region.
“Governments in the region must intensify support for manufacturing activities. Various forms of collaboration across sectors should be actively encouraged.”
It specifically advised Bayelsa and Rivers States to fully develop and harness the blue economy as strategic gateways for sustainable growth; and called for cross-border partnerships with neighbouring states to enhance trade, security, and environmental management.”
The Rivers/Bayelsa States branch of MAN held its first (41st) AGM outside Port Harcourt for the first time, hosted by Bayelsa State Government at the Chief D.S.P. Alamieyeseigha Memorial Banquet Hall, with the theme: ‘Trade, Technology, and the Future of Manufacturing in the Niger Delta.’
In his welcome address, the chairman of the branch, Okuku, commended the Bayelsa State Government under the leadership of Gov Douye Diri for its efforts in industrial development, investment promotion, and strong partnership with the private sector.
He also acknowledged the Rivers State Government for its commitment to rehabilitating industrial clusters, improving access roads, and delivering key infrastructure.
He, however, expressed concern over persistent challenges such as high energy costs, unreliable electricity supply, weak transport systems, rising logistics expenses, multiple taxes and levies, inconsistent regulatory frameworks, and pressure from host communities, which continue to hinder manufacturing growth in both states.
The President of MAN, Francis Meshioye, noted that the Niger Delta, with its abundant resources and strategic location, holds vast potential for industrial expansion. He called for policy frameworks that promote local manufacturing, enhance trade, and attract investments to the region.
Goodwill messages were delivered by the Minister of the Federal Ministry of Regional Development, Abubakar Momoh, represented by Wasa Festus, Director of Community Development and Education. Another goodwill message was also presented by the Bayelsa State Commissioner for Trade, Industry and Investment, Ebieri Jones.
In his remarks, Gov Diri praised MAN for its contributions to Nigeria’s manufacturing sector, noting its resilience, innovation, and strategic role in national development. He stated that the conference theme aligns with his administration’s mantra of “Assured Prosperity.”
Gov Diri offered 24-hour service to manufacturers wishing to relocate to the state, and highlighted the State’s ongoing transformation through deliberate investment in infrastructure, security, and human capital aimed at positioning Bayelsa State as a hub for industrial growth, particularly in the blue economy, agriculture, and manufacturing.
He further noted that hosting the 41st AGM fulfilled a long-desired aspiration of the State following the successful 2024 MAN event in Port Harcourt, Rivers State. He officially declared the exhibition open.
The Nigerian Education Loan Fund has alerted the public to a fraudulent message circulating online, claiming that the NELFUND Student Loan Registration Portal is open.
The message directs applicants to a third-party link (http://gvly.xyz/Nelfund-Student-Loan, which NELFUND confirms is unauthorised and fraudulent.
In a post obtained from its X handle, yesterday, NELFUND urged students and the general public not to click on the link or provide any personal information, emphasising that the official loan registration portal is only accessible through the Fund’s verified channels.
The agency reminded applicants to exercise caution online and to report any suspicious links or communications claiming to be from NELFUND.
“Applicants are encouraged to always verify official announcements via NELFUND’s official website and social media channels,” NELFUND said.
This advisory comes as part of NELFUND’s ongoing efforts to safeguard students and ensure the integrity of the student loan application process.
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