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FG Blames Capacity Gaps For Poor Budget Performance

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The Federal Government
has blamed the low level implementation of annual budgets and national development plans in the public service on capacity gaps in the country.
The Permanent Secretary of the Ministry of Budget and National Planning, Mrs Fatima Mede, said this in a statement on Monday after a training for budget and planning officers of federal MDAs in Kano.
The training was organised and conducted by the Centre for Management Development (CMD).
CMD was established by the Federal Government as the operational arm of the Nigerian Council for Management Development (NCMD).
The Centre commenced operations in 1973, although it only derived its legal backing by an Act of 1976.
It is also actively involved in the regulation of standards, development of managerial manpower for the country and a broad range of skills to enhance the quality of management and leadership for the attainment of national economic goals.
Mede, who was represented by Mr Aminu Yargaya, also blamed some government agencies for not being able to effectively formulate or implement sector plans or annual budgets.
She said that countries like China, Malaysia and Indonesia were growing successfully and sustaining rapid developments because of their consistent implementation of National Development Plans.
She said that in order to contend the gap, the ministry embarked on a capacity training for budget and planning officers in Ministries, Departments and Agencies (MDAs).
“The Federal Ministry of Budget and National Planning is conducting a rigorous capacity building programme on planning, plan formulation and effective linkage to the budgeting process for Budget and Planning Officers
“This would be done for officers of Federal Ministries, Departments and Agencies as part of the process in the preparation of the 2017 Budget as well as the 2017/19 Strategic Plan,”Mede stated.
Mede said due to the present economic crises that was resulting in negative consequences on revenues, there was the need for effective planning and budget implementation to achieve value for money.
She explained that expenditures were now tied to the country’s needs for maximum impact on the lives of the citizens.
“This is buttressed by the introduction of such economic and fiscal policies as Zero-based-Budgeting (ZBB), Treasury Single Account (TSA), Bank Verification Number (BVN) and the Restructuring of the Budget Framework.
“This is in favor of capital expenditure among other policies,” she said.
She further said that the training was imperative as it would enable government to derive ways of reducing economic wastes and technical challenges.

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FG Approves 4 New Channel Management Firms For Seaports

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The Federal Executive Council (FEC) has approved four new channel management companies for seaports across the country in a move aimed at improving vessel navigation and port operations.
Speaking at the recently concluded Annual General Meeting of the Nigerian Association of Master Mariners (NAMM), former General Manager, Marine and Operations, Capt. Ebubeogu Ihenacho, disclosed that there would be changes in the ownership of the Lagos Channel Management Company Limited and the Bonny Channel Management Company.
According to Ihenacho, the four channels serving Nigeria’s major port clusters will have different channel management companies as approved by the FEC.
He said a new company had been approved to manage the Lagos port channel, with a change of name, while the Calabar Channel would be managed by the Calabar Channel Management Company.
He added that Bonny Channel Management Company had also undergone a change of ownership.
On the Warri Channel, Ihenacho said the Federal Government had approved China Harbour Engineering Company (CHEC) and two other companies to form a consortium to manage the Escravos Channel.
He said: “For Warri, it was approved for China Harbour Engineering Company, CHEC, and two other companies, who would now form a consortium.
That consortium will now form a Special Purpose Vehicle (SPV) with the Nigerian Ports Authority to manage the Escravos Channel.”
Recall that the management of the NPA had declined to renew the concessions of the Lagos Channel Management Company Limited and the Bonny Channel Management Company, opting instead for six-month extensions of the existing arrangements.
By; Enoch Epelle
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RIRS Warns Against Unauthorised Tax Collection

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The Rivers State Internal Revenue Service (RIRS) has warned motorists, transport operators and business owners against paying taxes, levies or charges to Unauthorised persons and organisations, insisting that only the Service and its duly appointed agents are legally empowered to collect taxes on behalf of the state government.
The Service gave the warning in a public notice dated October 21, 2026, signed by its Executive Chairman, Sir Israel O. Egbunefu, FCTI, in which it clarified that the Rivers State Ministry of Transport was not authorised by the state government to collect road tax or any other tax, levy or charge from motorists and transport operators.
RIRS also specifically disowned Explore Strategic Alliance Ltd, located at No. 7 Rumuodaolu Market Road, Port Harcourt, declaring the company had not been appointed or authorised by either the state government or the Service to collect Motor Vehicle Transport (MOT) tickets or any other tax on its behalf.
The revenue agency consequently cautioned members of the public against making payments to the company or any of its staff, stressing that anyone who ignored the warning would do so at their own risk.
It reaffirmed that only the legally authorised agency responsible for tax collection in Rivers State and the appointed agents that would carry out such duties in accordance with the law.
The Service urged taxpayers to demand official identification from anyone claiming to be its tax agent and verify the person’s credentials directly with RIRS before making payments.
It further warned that individuals or groups found impersonating tax consultants, agents or their representatives to collect Unauthorised taxes would be arrested and prosecuted in accordance with the law.
RIRS also called on members of the public to report suspicious persons and activities relating to Unauthorised tax collection to the Service for appropriate action.
The agency advised taxpayers seeking clarification or assistance to visit any of its offices or contact it through its official email address, info@riversbirs.gov.ng.
The Service reiterated its commitment to protecting taxpayers, promoting voluntary compliance and safeguarding the integrity of tax administration in Rivers State.
By: King Onunwor
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Bayelsa consumers Groan  Over Inflation As Traders Remain Helpless Over Low Patronage 

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Consumers and traders at the Swali ultramodern market in Yenagoa, capital of Bayelsa State have continued to groan over high prices of commodities and poor Patronage due to cost-push inflation.
The Tide reports that in the past weeks prices of goods and services in Yenagoa metropolis has experienced increase.
Notable services like transportation have also increased  lately due to increase in the pump price of fuel that has recently further exacerbated inflation in the prices of staple foods like rice, beans, garri and others.
Speaking with The Tide on a market survey, a trader, Mrs Tovie Barakabo said a bag of bean which sold between N120,000-N130, 000 now goes for N140,000-N145,000.
Mrs Barakabo also hinted that the only commodities whose price has not gone up was price of millet which sells N60,000, while big bag of garri now sells for N30,000.
The Tide further gathered from other inside Source that 25 litres of Kings cooking oil currently sells N75,000 as against the former price of N57,000.
Other commodities such as delicious vegetable oil  now goes for N68,000, Pure vegetable oil currently goes for N66, 000, while spaghetti is now N18,800 per bag.
The market survey also discovered that Sonnia tomato mix sells N75,609, while a big and small basket of fresh tomatoes are sold for N30,000 and N6,500 respectively.
A disappointed custom, Mrs Juliet Domo who fielded questions from The Tide expressed her worries over the inflation, calling on government to take decisive stands against inflation.
By: Ariwera Ibibo-Howells, Yenagoa
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