Featured

Why PDP Extended CTC’s Tenure …Holds Inaugural NEC Meeting

Published

9 years ago

August 19, 2016

The Peoples Democratic Party (PDP), has explained that the need to avoid leadership vacuum after security agencies shamelessly botched the scheduled elective National convention in Port Harcourt was one of the potent reasons for the extension of the tenure of the Senator Ahmed Makarfi-led National Caretaker Committee of the party by 12 months.
The party also emphasised that delegates decided to extend the tenure of the caretaker committee by 12 months to enable the conclusion of all the litigations in courts, reconciliation efforts as well as restore peace to the party before the next convention in 2017.
The Tide reports that the August 17, 2016, National Convention, which held at the state PDP Secretariat on Aba Road in Port Harcourt unanimously approved the extension of the tenure of the National Caretaker Committee by 12 months, while also increasing its membership to 13.
Moving the motion for the extension of the tenure of the caretaker committee, Deputy Senate President, Ike Ekweremadu, said it was important to avoid leadership vacuum and allow room for the resolution of all outstanding cases in courts.
Seconding the motion, the former Minister of Women Affairs, Hajia Zainab Maina, said the prevailing circumstances impose a burden on the party to resolve its differences, and fashion out how best to prepare for the 2019 general elections, which the PDP must win, to restore confidence in the country’s democracy.
The Chairman of the National Convention Planning Committee, and Governor of Rivers State, Chief Nyesom Wike, however, put the question for the extension of the lifespan of the committee to members, who through a unanimous voice vote, approved the motion.
The convention further expanded the membership of the National Caretaker Committee to 13, and also restated its resolve that no member of the current National Caretaker Committee should contest elections into the National Working Committee (NWC) whenever it is held.
The Tide reports that delegates at the National Convention had earlier adopted a motion moved by the House Minority Leader, Rep Leo Ogor, to amend the agenda of the National Convention and step down the issue of election into various positions in the NWC.
The National Convention of the PDP took place at the Secretariat of the PDP in Rivers State along Aba Road after the Inspector General of Police, Ibrahim Idris, had deployed security agencies to take over the Sharks Stadium in Port Harcourt, where the event was billed to take place.
The Force Public Relations Officer, Mr. Donald Awunah, explained that officers and men of the police were deployed to take over the venue of the convention as early as 4am on Wednesday to avert anarchy and break down of law and order.
Awunah said the primary responsibility of the police was to protect life and prevent crisis, and added that due to the tension and the conflicting rulings by courts of coordinate jurisdiction on the National Convention, the police thought it best to seal off the venue.
According to him, “the warring parties need to follow due process to end their crisis through the courts, and as a law enforcement agency, what do you do? You ensure that there is a superior court order. It is not about taking sides.
“If in the next one hour or two, we get another court order, we will take action. We are there for every Nigerian but when you are the first responder, you have to take action, you have to be proactive.”
It would be recalled that the Rivers State Police command had later on Tuesday, issued a statement, signed by the Police Public Relations Officer, Omoni Nnamdi, confirming the readiness of officers and men of the command to provide adequate security and protect delegates to the convention in line with the order of a Federal High Court in Port Harcourt, last week.
However, following the twist of events, party leaders in separate goodwill messages at the National Convention, condemned the Federal Government for entrenching political impunity, arguing that it was a huge threat to the country’s democracy.
In his acceptance speech, Chairman of the PDP National Caretaker Committee, Senator Ahmed Makarfi, assured that the committee will continue to forge ahead with efforts to reposition the party for future political contests.
He condemned the invasion of the earlier venue of the National Convention, pointing out that it was undemocratic for the security agencies to take such action illegally.
Also speaking, Chairman of the National Convention Planning Committee, Chief Nyesom Wike, stated that the PDP will always survive all obstacles because the people are showing love and support for the party.
The Deputy Senate President, Senator Ike Ekweremadu also said the suffering in the country has forced the people to begin to crave for the PDP to return.
Former Jigawa State Governor, Alhaji Sule Lamido, added that the PDP was the choice of all Nigerians because it was a democratic and inclusive party.
Other leaders, who condemned the action of the security agencies during the National Convention, include the Senate Minority Leader, Godswill Akpabio, Ondo State Governor, Dr Olusegun Mimiko and former Minister of External Affairs, Chief Tom Ikimi.
A delegate from Anambra State, Chief Ugochukwu Okeke, said the decision was a step in the right direction aimed at moving the party forward.
“We will continue to explore all avenues to bring peace to the PDP, and remain a very viable opposition,” he said.
Another delegate, Mr Obi Kachi, said that the party decided to relocate to its secretariat on Aba Road for a non-elective convention because it respects the rule of law and abides by its constitution.
“We support the tenure extension because it is a good decision taken by our members to keep the party going,” he said.
Meanwhile, the Senator representing Bayelsa East Senatorial District, Ben Murray-Bruce, has said that the only way to achieve peace in the PDP is through dialogue.
Murray-Bruce, therefore, urged the Senator Ahmed Makarfi and the Ali Modu Sheriff-led factions to show maturity and initiate dialogue in the interest of the party.
Justice Okon Abang of a Federal High Court, Abuja had ordered the stoppage of the Convention while another Federal High Court in Port Harcourt gave a nod to the National Convention.
While the Makarfi-led faction had Tuesday approached the Appeal Court to give vent to its course, the Sheriff-led faction called on the Chief Justice of Federation to intervene in the rulings.
Meanwhile, the National Caretaker Chairman of the Peoples Democratic Party (PDP), Senator Ahmed Makarfi has inaugurated the National Executive Committee (NEC), with a tacit charge on members to work towards peaceful reconciliation and build a formidable party capable of wresting power from the All Progressives Congress (APC) in 2019.
Performing the inauguration at the Government House, Port Harcourt, on Wednesday, Makarfi said that the National Executive Committee include the PDP governors, National Assembly Caucus, Board of Trustees, National Caucus, 36 state PDP chairmen and the 13-member national officers of the party.
He said that in the absence of the elected national officers, the National Caretaker Committee members will be part of NEC.
Makarfi further said that the National Caretaker Committee members would cease to be NEC members once national officers have been elected at a National Convention.
At the meeting were PDP governors, members of National Assembly Caucus, Board of Trustees, National Caucus, 36 state PDP chairmen, and National Caretaker Committee members of the party.
The meeting later went into a closed door session, and journalists were not allowed to observe the proceedings.

Featured

Tinubu Signs Four Tax Reform Bills Into Law …Says Nigeria Open For Business

Published

2 days ago

June 27, 2025

The Tide

President Bola Tinubu yesterday signed into law four tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.

The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.

The ceremony took place at the Presidential Villa, yesterday.

The ceremony was witnessed by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.

The presidency had earlier stated that the laws would transform tax administration in the country, increase revenue generation, improve the business environment, and give a boost to domestic and foreign investments.

“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Special Adviser to the President on Media, Bayo Onanuga said on Wednesday.

Before the signing of the four bills, President Tinubu had earlier yesterday, said the tax reform bills will reset Nigeria’s economic trajectory and simplify its complex fiscal landscape.

Announcing the development via his official X handle, yesterday, the President declared, “In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.”

Tinubu made a call to investors and citizens alike, saying, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”

He described the bills as not just technical adjustments but a direct intervention to ease burdens on struggling Nigerians.

“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu wrote.

According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”

He added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency.

The tax reforms, first introduced in October 2024, were part of Tinubu’s post-subsidy-removal recovery plan, aimed at expanding revenue without stifling productivity.

However, the bills faced turbulence at the National Assembly and amongst some state governors who rejected its passing in 2024.

At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed.

They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.

After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax.

By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.

In his tweet, Tinubu stressed that this is just the beginning of Nigeria’s tax evolution.

“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.

“A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” he stated.

He further acknowledged the contributions of the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigeria’s subnational governments.

The President added, “We are not just signing tax bills but rewriting the social contract.

“We are not there yet, but we are firmly on the road.”

Featured

Senate Issues 10-Day Ultimatum As NNPCL Dodges ?210trn Audit Hearing

Published

2 days ago

June 27, 2025

The Tide

The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.

Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.

However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.

Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.

A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.

It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.

The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.

“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.

“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”

But lawmakers rejected the request.

The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.

“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.

“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.

Other lawmakers echoed similar frustrations.

Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.

The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.

Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.

Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”

Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.

The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.

Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.

The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.

Featured

17 Million Nigerians Travelled Abroad In One Year -NANTA

Published

1 week ago

June 20, 2025

The Tide

The National Association of Nigerian Travel Agencies (NANTA) said over 17 million Nigerians travelled out between 2023 and 2024.

This is as the association announced that it would be organising a maiden edition of Eastern Travel Market 2025 in Uyo, Akwa Ibom State capital from 27th to 30th August, 2025.

Vice Chairman of NANTA, Eastern Zone, Hope Ehiogie, disclosed this during a news briefing in Port Harcourt.

Ehiogie explained that the event aims to bring together over 1,000 travel professionals to discuss the future of the industry in the nation and give visibility to airlines, hospitality firms, hospitals and institutions in the South-South and South-East, tagged Eastern Zone.

He stated that the 17 million number marks a significant increase in overseas travel and tours.

According to him, “Nigerian travel industry has seen significant growth, with 17 million people traveling out of the country in 2023”.

Ehiogie further said the potential of tourism and travel would bring in over $12 million into the nation’s economy by 2026, saying it would be a major spike in the sector, as 2024 recorded about $4 million.

“The potential of tourism and travel is that it can generate about $12 million for the nation’s economy by 2026. Last year it was $4 million.

“In the area of travels, over 17 million Nigerians traveled out of the country two years ago for different purposes. This included, health, religious purposes, visit, education and others,” Ehiogie said.

While highlighting the potential of Nigeria’s tourism, he said the hospitality industry in Nigeria has come of age, saying it is now second to none.

The Vice Chairman of NANTA, Eastern Zone further said, “We are not creating an enabling environment for business to thrive. We need to support the industry and provide the necessary infrastructure for growth.”

He said the country has a lot of tourism potential, especially as the government is now showing interest in and supporting the sector.

Ehiogie emphasized that NANTA has been working to support the industry with initiatives such as training schools and platforms for airlines and hotels to sell their products.

He added, “We now have about four to five training schools in the region, and within two years, the first set of students will graduate. We are helping airlines sell tickets and hotels sell their rooms.”

Also speaking, former Chairman of the Board of Trustees of NANTA, Stephen Isokariari of Dial Travels, called for more support from the industry.

Isokariari stated, “We need to work together to grow the industry and contribute to the nation’s Gross Domestic Product.

“With the right support and infrastructure, the Nigerian travel industry has the potential to make a significant contribution to the nation’s economy.”