News
Presidency Revises 2016 Budget …Senate Begins Debate, Today …Reps Bicker Over Corrections
There are indications that the 2016 budget was actually withdrawn for a major amendment as two different versions of the budget are showing different figures and adjustments in expenditure heads.
A version indicating to be an amendment version shows a major cut of about N8.8billion in the Presidency’s original figure with purchase of vehicles receiving the deepest cuts.
Also, the new version has provision of N17billion for capital expenditure allocated to Niger Bridge in Asaba-Onitsha, Delta and Anambra states, though there was no such provision in the first version submitted to the National Assembly.
The expense heads that received big cuts include Fixed Asset Purchase reduced by N3.374 billion to N1.196 billion from N4.57 billion while purchase of motor vehicles was reduced by N3.29 billion to N599 million from N3.889 billion.
Others include State House headquarters, recurrent costs, overhead, miscellaneous, honorarium/sitting allowance each of which were reduced by N100 million.
Expenditures for construction and provision of general fixed asset, which appeared to have had double entry at N764.67 million each, were scrapped in the second budget.
The President of the Senate, Bukola Saraki, had last Thursday accused the Presidency of substituting the original copy of the budget presented by President Muhammadu Buhari to the National Assembly on December 22, 2015 with a new version.
Saraki’s claim was the climax of days of suspense following claims and counter-claims that the document was missing.
The president also reduced allocation for exotic cars by N17billion
A review of the fresh copy of the budget uploaded to the website of the Budget Office of the Federation on Friday showed a massive cut by about 83.5 per cent in the total allocation for the vehicles.
A total of N7.52 billion was provided previously for the purchase of various exotic vehicles, including BMW saloon cars, in addition to another N566 million for the procurement of vehicles, including 16-seater Toyota Hiace coaster buses for the State House.
Despite the adjustments to the allocations to the various departments and units, the total appropriation of N39.13billion for the Presidency remained unchanged in both the previous and current budget versions.
Details of the different adjustments showed that State House headquarters, which got total allocation of N11.91billion in the original budget has now been cut by N100million, same as allocations for its recurrent costs, overheads, honorarium & sitting allowances as well as miscellaneous expenses.
Equally, the purchase of fixed assets, which received N4.57billion previously, has drastically been reduced to about N1.2billion, while preservation of the environment and wildlife conservation, which got a total of N978.3million, has now been reduced to N347.4 million.
The Office of the Chief of Staff to the President had its initial allocation of N2.3million raised to N22.3million, while allocation to the office of the Chief Security Adviser to the President has also been raised from N3.18million to N28.18million.
Details of the provision for the two offices include allocation of N25 million each for overhead costs, recurrent and miscellaneous expenditures. Another N25 million has been budgeted for honorarium and sitting allowance for the office of the Chief of Staff.
The State House Medical Centre has been allocated N100 million for total overheads and recurrent costs.
The State House, Lagos Liaison Office, which had its allocation increased from N126.7million to N151.7 million, would get in addition N25 million each for recurrent, overhead and miscellaneous costs.
About N2.3 billion provided earlier for the construction and general provision of fixed assets as well as recreational facilities for the State House has now been removed, while rehabilitation and repairs of fixed assets previously allocated N4.48 billion was increased to N13.2 billion.
Rehabilitation/repairs of residential buildings and electricity facilities previously allocated N388million and N1.7billion respectively have now been raised to N642.6million and N1.8billion respectively.
Another provision of N3.9 billion has been made for the rehabilitation of office building, while renovation of eight blocks of 16 two-bedroom flats at State House Security Quarters, Asokoro, would take about N254.6 million.
About N3.9 billion has been set aside for the annual routine maintenance of Villa facilities by Julius Berger, in addition to N764.7million provided for the construction/provision of recreational facilities.
However, after receiving the corrected version of the 2016 budget, yesterday, the Senate President, Bukola Saraki, told members of the upper chamber that the Senate will now begin consideration of the 2016 budget, today.
Saraki said that the debate on the document follows the acceptance of President Muhammadu Buhari’s request for the budget’s amended areas to be considered.
Meanwhile, members of the House of Representatives, yesterday, argued over a letter sent by President Muhammadu Buhari indicating corrections in the 2016 budget.
The Speaker, Yakubu Dogara, while reading the letter said the president said corrections have been made to the details of the budget as presented on December 22.
Bickering, however, started at about 11.25am immediately the speaker read the president’s letter when the Minority Leader of the House Rep, Leo Ogor (PDP, Isoko Federal Constituency), cited Sections 81 and 84 of the Constitution, which he said do not give the president powers to amend budget, adding that such powers lie with the legislature.
Ogor immediately called on the House to disregard Buhari’s letter.
Dogara apparently defending the president said there was nowhere in the letter that Buhari said the budget was amended, adding that it is only the president that has powers to make corrections to the budget if he observes any error.
The PDP lawmakers started chanting “no, no!” preventing Dogara from making his point for some minutes.
But the speaker drove home his point as he hinged his argument on the fact that there was nowhere the president mentioned the word amendment rather he used the word correction “which the president alone can correct,” the speaker added.
Also, Rep Linus Okorie (PDP, Ebonyi), raised a point of order that the speaker did not follow the order of House procedure as he chose to read petitions before the House when in actual practice, the president’s letter ought to have been read first.
Again, Dogara simply told Okorie that he followed the House rule in his introduction of issues for the day, unless the House otherwise directs, and an applause from members followed immediately.
The speaker in self-defence, told the House that immediately he arrived the House chambers, the first thing he did was to explain to the entire House that he was going to take petitions first before the letters he had with him.
The president’s letter read in part: It will be recalled that on Tuesday, 22 December, 2015, I presented my 2016 budget proposals to the joint sitting of the National Assembly.
“I submitted a draft bill accompanied by a schedule of details. At the time of submission, we indicated that because the details had just been produced, we would have had to check to ensure that there were no errors in the detailed breakdown contained in the schedule. That has since been completed and I understand that the corrections have been submitted.
“The National Assembly would therefore have the details as submitted on the 22nd December, and a copy containing the corrections submitted last week. It appears that this has led to some confusion.
“In this regard, please find attached the corrected version. This is the version the National Assembly should work with as my 2016 budget estimates. The draft bill remains the same and there are no changes in any of the figures”.

Governor Nyesom Wike of Rivers State (right), with the General Overseer, Redeemed Christian Church of God, Pastor Enoch Adeboye (left) at Government House, Port Harcourt on Monday
News
Ibas Inaugurates RSIEC, Service Commissions, Healthcare Board In Rivers …Charges Appointees To Embrace Principles Of Service

The Administrator of Rivers State, Vice Admiral (Rtd) Ibok-Ete Ibas, has charged newly appointed Board members to uphold the highest standards of discipline, competence, integrity, and unwavering dedication in their service to the State.
He emphasized that such commitment is critical to stabilizing governance, restoring democratic institutions, and advancing the principles of good governance in the State.
This was contained in a statement by the Administrator’s Senior Special Adviser on Media, Hector Igbikiowubo on Monday.
Ibas issued the charge on Monday while inaugurating the reconstituted Rivers State Independent Electoral Commission (RSIEC), Rivers State Civil Service Commission, Rivers State Local Government Service Commission, and the Rivers State Primary Health Care Management Board at Government House, Port Harcourt.
The Administrator urged the new appointees to embrace their roles with diligence, patriotism, and a commitment to transforming Rivers State through excellent service.
Addressing the Chairman and members of RSIEC, Ibas underscored their pivotal role in ensuring credible local government elections that reflect the will of the people.
“Your task is clear but demanding: to conduct free, fair, transparent, and credible elections at the grassroots level. You must resist bias, favoritism, and external interference while restoring public confidence in the electoral process,” he stated.
“The independence of your actions is crucial to sustaining peace, stability, and grassroots governance. I urge you to act with fairness, impartiality, and professionalism—even in the face of difficult choices,” Ibas added.
The Sole Administrator also charged the Rivers State Civil Service Commission on the need to eliminate mediocrity and foster a culture of excellence through merit-based recruitment, training, and promotions.
“The civil service must transition from favoritism to competence, integrity, and accountability. Your commission will lead reforms, including digital transformation and standardized practices across ministries, departments, and agencies,” he said.
He disclosed that extensive training programmes are underway, with a committee set up to overhaul the public service framework for greater efficiency.
Meanwhile, Ibas urged the Rivers State Local Government Service Commission to ensure professionalism and discipline in local government administration.
“As the closest tier of government to the people, you must drive reforms that insulate the system from politics and mediocrity. Your mandate includes merit-based recruitment, training, and enforcing standards for effective service delivery,” he stated.
In the same vein, the Administrator charged the Rivers State Primary Health Care Management Board with revitalizing healthcare delivery across the state’s 23 local government areas.
“Primary healthcare is the foundation of a sustainable health system. Your board must ensure facilities are adequately staffed, equipped, and operational focusing on maternal health, immunization, malaria control, and community health services,” he said.
He emphasized data-driven operations, incentives for rural health workers, and restoring the referral system to improve healthcare access.
He also assured the Board of sustained government support, including funding, for the effective discharge of their mandates but warned that board members would be held accountable for their performance.
The newly inaugurated members include: RSIEC: Dr. Michael Ekpai Odey (Chairman) with Prof. Arthur Nwafor, Prof. Joyce Akaninwor, and others as members.
Civil Service Commission: Dr. Livinus Bariki (Chairman), Amb. Lot Egopija, Mrs. Maeve Bestman, and others.
Local Govt. Service Commission: Mr. Isreal Amadi (Chairman), Rear Adm. Emmanuel Ofik (Rtd), Dr. Tonye Pepple, and others.
Primary Health Care Board: Dr. Dawari George (Chairman), Dr. Chituru Adiele (Executive Director), Prof. Kaladada Korubo, and representatives from key ministries.
News
Rivers PDP Debunks Sale Of LGA Election Forms

The Publicity Secretary of the Peoples Democratic Party (PDP) in Rivers State, Dr. Kenneth Yowika, has debunked claims that the party has commenced sale of forms for chairmanship and councillorship elections across the 23 local government areas of the state.
Yowika made the rebuttal in a statement made available to newsmen on Wednesday, describing the publication on the social media as baseless and untrue.
He urged members of the PDP to disregard the claim, saying that official communication regarding the sale of forms would be disclosed through the appropriate channels.
“With reference to information trending on social media, it has been falsely claimed that the sale of forms for Chairmanship and Councillorship elections in the 23 Local Government Areas (LGAs) of Rivers State will begin soon.
“However, the party has firmly denied these rumours, stating that they are baseless and untrue.
“The party has its own established methods of reaching out to its numerous supporters.
“The People’s Democratic Party, a law-abiding organisation, will patiently await the release of guidelines from the recently inaugurated Rivers State Independent Electoral Commission (RSIEC) before considering any sale of election forms.
“The PDP is urging its members to remain calm as official communication regarding the sale of forms will be disclosed through appropriate channels,” the statement read.
Enoch Epelle
News
South-South contributes N34trn to Nigeria’s economy in 2024 – Institute
Prof. Pius Olanrewaju, President of the Chartered Institute of Bankers of Nigeria (CIBN), has stated that the South-South region contributes N34 trillion to country’s economy in 2024.
He made the remark at the South-South Zonal Banking and Finance Conference in Calabar, yesterday.
He spoke on the theme, ‘’Building An Inclusive South-South: Economic Diversification as a Catalyst For Development.’’
Olanrewaju, who quoted the data from the Cable Data Index, said the feat was more than 21 per cent of Nigeria’s real Gross Domestic Product (GDP).
The president described the growth as ‘’ impressive,’’ saying that it was not driven by oil alone but significant expansions in trade, services, and the creative industries.
According to him, to fully harness this potential, coordinated financial, technological, and policy support is essential.
“As we work to reposition the South-South for broad-based prosperity, the financial system must play a central role, not merely as a source of capital, but as a catalyst for innovation, ideas incubation, and inclusive economic growth.
“This conference, therefore, provides a strategic opportunity for stakeholders to reimagine the South-South economy, not merely as a resource belt, but as a region of diverse capabilities and resilient enterprises.”
Olanrewaju added that Nigeria must move beyond old models and chart a new course for the development of the South-South region, where financial institutions and stakeholder collaborate to diversify the economy for shared prosperity.
He, however, commended Gov. Bassey Otu for his pledge of land for CIBN Secretariat in Cross River and being the first sitting governor to willingly undergo and complete the Chartered Bankers Programme.
On his part, Gov. Otu said that the conference discussion on the economic diversification in South-South region was timely against the backdrop of global trade and economic volatility that was affecting the nation’s economy.
Represented by his deputy, Mr Peter Odey, Otu said the South-South region must now act with urgency to diversify its economy while leveraging its shared natural endowment in agriculture and extractive resources.
“This conference must help develop tailored financial solutions that reflect the unique strengths and realities of states like Cross River in the south-south.
“Diversification should be evidence-based and must be backed not just by financial advice but project focused financing and real investment support,” he noted.
He said that Cross River had taken the bold step to invest in its agricultural sector by launching an Agro processing hub.
Otu further said that the state had invested in aviation by acquiring more aircrafts for Cally Air, construction of the Bakassi Deep Seaport and injecting N18 billion in its tourism sector.
Similarly, Mr Tolefe Jibunoh, Cross River Branch Controller of the Central Bank of Nigeria (CBN) said that the region was blessed with natural resources, cultural diversities and immense human potentials.
Jibunoh, who was represented by Mr Segun Shittu, Head, Currency Control Office, CBN, Calabar, noted that strategic diversification could unlock unprecedented opportunities for growth in the region.
He added that the CBN remained steadfast to maintain monetary possibilities and promote a sound financial system as a catalyst for sustainable economic development for the benefit of all.
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