News
Senators Slam FG’s 2018 Budget – Say Projections Unrealistic
Senators yesterday rejected the projections upon which the 2018 budget is based, declaring the projections as unrealistic.
The lawmakers, who commenced the debate on the general principle of the budget said that the implementation of the 2017 budget left so much to be desired.
Senator Enyinnaya Abaribe (PDP, Abia South) who opened the floor of the debate caused an uproar when he declared that the 2018 budget was ‘fictitious, adding that the budget is not consolidating on the 2017 budget.
The Senator said that the N8.612 trillion 2018 budget does not consolidate on the 2017 and 2016 budgets as claimed by President Muhammadu Buhari during the 2018 budget presentation.
The lawmakers also decried what they called the abysmal implementation of the N1.2 trillion capital component of the 2017 budget. The Senators also faulted the parameters contained in the 2018 budget especially the oil benchmark of $45 per barrel, adding that it should be jerked up to about $50. Senator Abaribe drew the ire of some senators, especially Senate Leader, Senator Ahmed Lawan who stated that the use of the word ‘fictitious’ was unparliamentary.
The Abia Senator then agreed to withdraw the contentious word but replaced the same with the word ‘imaginary’ even as he maintained that the implementation of the budget was very low.
He said: “I am just quoting the Senate Leader from his speech, which said the 2018 budget was designed to consolidate on the achievements of the 2016 and 2017 budgets. What was done in 2017 when less than 15 per cent of that budget was released? Nothing was done and that was why I called it (2018 budget proposal) fictitious. I am very sorry if that is the word he is bothered about. I will withdraw the word ‘fictitious’ and use ‘totally imaginary.” According to Abaribe, the receivables (revenue) in the budget were being exaggerated, adding that the revenues were only one-tenth of the figures being claimed by the government. He stated that the budget was being predicated on parameters that have been destroyed by facts available.
Senator Ben Murray Bruce (PDP Bayelsa East) in his own contribution said that the 2018 budget proposal is a “budget of active imagination,” as according to him, the budget is already committing 25 percent to debt servicing.
He said: “We have to decide what the exchange rate really is. Is it N305 (to US$1) or N365?” Murray Bruce stated that the cost of governance in Nigeria remains very high, adding that agencies that have outlived their usefulness still remain on government’s payroll.
He said: “FRCN (Federal Radio Corporation of Nigeria) has 8000 workers. Sell it to the staff. Who listens to the Voice of Nigeria (VoN)?” He said that while it was commendable that the Ministry of Transport and Chinese Firms were working on the multi-billion dollar rail projects, the Senate should take deep looks at the intricate details.
“We have steel, Ajaokuta is there. Why don’t we use that facility and create jobs through that,” he said.
Senator George Akume, who also contributed said that the oil benchmark should be increased to $50 because crude oil price has increased to between 58-$62 per barrel.
Deputy Senate Whip, Senator Francis Alimekhena (APC Edo North) told the Senate that the 2016 and 2017 budgets were bloated, adding that they lacked impact on the people.
He stated that it was unrealistic to assume that about N2 trillion would be realised from oil revenue and N4 trillion from non-oil revenue.
He also supported the increase of the budget benchmark to $50 while output is maintained at 2million barrels per day as in the 2017 budget.
The senator said: “There is no need to raise the hope of Nigerians and execution is zero. Let’s cut our coat according to our cloth. If the budget size is N3 trillion and execution is N3 trillion (100 percent), we will be happier than to say it is N8 trillion and execution is just N2 trillion.”
Senator Gbenga Ashafa (APC Lagos East) who also contributed said that only the sum of N450 billion has so far been released in the capital votes of 2017 budget.
He stated that the key issue with the 2016 and 2017 budgets was the question of funding which he said made the budgets less impactful.
He said: “A budget can be big and bloated, but when you do not have enough funds for capital projects which are more impactful, then the budget is going nowhere.” The senator cited the example of the Federal Roads Maintenance Agency (FERMA), which he said only N800 million has so far been released out of its 2017 appropriation of N25 billion.
Ashafa said: “What impact would that make on roads,” adding that only N500 million has so far been released out of the N11 billion budget of the Nigeria Railways Corporation (NRC).
Deputy Senate President, Senator Ike Ekweremadu, who presided over the sitting, said that there is an urgent need to reconsider the budget deficit projections.
He said: “I thank everyone for their contributions, I commend my colleagues for keeping their language clean and speaking their mind on the 2018 budget debate. “Some research agencies are not researching anything and are still being funded, we need to point them out so we don’t spend money on them.”
Meanwhile, the House of Representatives has announced that it will suspend plenary from tomorrow.
This is to allow members proceed on oversight assessment of the 2017 budget and hold defence sessions for the 2018 budget.
The suspension will last for three weeks.
The Deputy Speaker of the House, Mr. Yussuff Lasun, who presided over proceedings, yesterday, made the announcement as debate on the budget began at the floor of the House, yesterday.
News
Decentralizing Pipeline Surveillance Poses Greater Dangers To Niger Delta …. Group Warns
A group of Eminent persons from the Niger Delta region under the aegis of The Niger Delta Watch Dog has warned the Federal Government against yielding to the call to decentralize pipeline surveillance in the region.
The Eminent persons who said this in a press release made available to newsmen in Port Harcourt said those calling for decentralization of pipeline surveillance are ignorant of the dangers it poses to the peace and stability of the Niger Delta.
.They argued that the proposal poses significant risk to the peace security and economic stability of the region.
According to the release” While decentralization is often perceived as a means of promoting inclusivity and local participation, in this specific context it poses significant risks to peace, security, and economic stability.
It further said”evidence from community dynamics across the region suggests that decentralization will cause more harm than good, leading to increased conflict, fragmentation of authority, and heightened threats to critical national infrastructure.
“By contrast, the centralized model currently implemented by Tantita Security Services under the leadership of Government Ekpemupolo Tompolo has demonstrated measurable success in stabilizing the region, reducing conflict, and safeguarding Nigeria’s economic lifelines”
While describing the Niger Delta region as the backbone of Nigeria oil and gas, it added that any changes in policy will lead to crisis in the region.
“The Niger Delta region remains the backbone of Nigeria’s oil and gas industry, hosting extensive pipeline networks that are vital to national revenue and economic sustainability.
“Given the sensitive nature of this infrastructure, the framework through which pipeline security is managed must prioritize stability, coordination, and conflict prevention.
“Any policy shift particularly toward decentralization must therefore be carefully evaluated in light of the region’s socio-political realities”
It said
The release jointly signed by Chief Idowu Asonja ,Ellington Pokumo the Public Relations officer of the group Comrade Douye kojo Isoun and others,
said decentralization will lead to escalation of Inter-Community land dispute, intensifies rivalry between groups as well as heightens the struggle against Territorial control among others.
“Decentralizing pipeline security will likely intensify existing disputes between neighbouring communities as many communities in the Niger Delta have been involved in conflicts over Land ownership and territorial boundaries as well as Control of natural resources and
“Claims over oil pipelines passing through their territories” adding
“Such instability not only disrupts social harmony but also directly endangers pipeline infrastructure, increasing the risk of vandalism, sabotage, and production losses”
It said the gains recorded so far by the present centralization policy should be preserve as any shifts could wrecked havoc in the region.
“Any policy shift must preserve these hard-earned gains. At this time, decentralization presents a significant risk, while the current system continues to offer stability, security, and economic assurance for the nation.
“It is therefore strongly advised that the Federal Government of Nigeria carefully scrutinize and ultimately disregard calls for the decentralization of pipeline security contracts. “Available evidence and prevailing realities suggest that such calls may not be driven by the broader national interest, but rather by narrow, self-serving agendas that could reignite conflict within the region, this we know the Government does not need” the group said
News
RSIPA DG Unveils New Rivers Investment Pathway At BRACED Commission
The Director-General of the Rivers State Investment Promotion Agency (RSIPA), Dr. Chamberlain Peterside, has used the platform of the revived BRACED Commission to unveil investment opportunities and plans in Rivers State.
The BRACED Commission just bounced back and has already held a roundtable in Port Harcourt preparatory to an economic summit in the near future.
The roundtable featured the investment promotion agencies of the cooperating states: Bayelsa, Rivers, Akwa Ibom, Cross River, Edo, and Delta states.
Dr Peterside not only chaired the roundtable but made presentations for Rivers State economic landscape.
He hailed the rebound of the BRACED Commission which did well at the onset. “The governors of the region were one and united for one cause. Then, politics came and everything scattered. The agenda is simple, to integrate the economy of the region into one strong bloc.”
He admitted that Rivers State’s investment promotion agency is very young, plus six months in the limbo of state of emergency. “This thus is a very unique opportunity to get resurgent momentum.”
He listed the achievements of RSIPA in the short period since its establishment, saying it has received numerous investment proposals.
“We’ve engaged actively with the private sector, both those currently operating in the state and those intending to invest. We do realize the fact that investment begins from domestic investors. and you have to guide them.
“Through outreach programmes and establishment of a One-Stop-Center (OSC), we have created a streamlined system for addressing investor needs, supporting their business operations. For the first time in Rivers State, prospective investors and small and medium enterprises now have a centralized hub that can address their challenges and find solutions that enable them to thrive.”
He outlined the plans ahead thus: “One of our cardinal focuses at RSIPA is to enhance the operating climate and improve the ease of doing business.
“We are committed to creating a vibrant and business-friendly environment that attracts and retains investment. We are also working closely with other ministries, departments, and agencies to harmonize our activities.
“Collaboration for us is key; we see Rivers State as a single ecosystem where all stakeholders work together to support investment inflow and build a favorable environment for businesses to flourish.”
For the region, he lamented the situation whereby “the carpet is shifting under our feet. The IOCs (international oil corporations) have moved offshore. The issue before us now is how should the region act now. We should target big ticket investment proposals. This is because some proposals will involve other states. There is thus need to collaborate.”
He gave examples of projects that cannot be for one state. “Railway system is not for one state. At the moment, there is no railway line that links Benin to Port Harcourt to Calabar. BRACED can push this agenda.
“There is an oil route from Opobo to Akwa Ibom where Sterling Oil is operating. It’s a route of interest. Governor Sim Fubara wants us to synergise with other states economically. The best time is now because all the governors are now in one political party.”
He called on all the agencies in the BRACED states to sell the idea to their governors.
“Let the governors know that BRACED task is not a competition but as a collaboration. We have the Niger Delta Development Commission (NDDC), the South-South Chambers of Commerce, Industry, Mines and Agriculture (SSCCIMA), the Niger Delta Chambers of Commerce, Industry, Trade, Mines, and Agriculture (NDCCITMA), etc. This is the ripest time to strike the iron.”
The Director General of the Bayelsa Investment Promotion Agency (BIPA), Mrs. Patience Ranami Abah, also shook the floor when she presented what she termed ‘Closing the Value Capture Gap’.
She showed how the states will win bigger by playing together to present an economic front.
David Franklin, a deputy director, who represented the Permanent Secretary, Federal Ministry of Industry, Trade, and Investment, Abuja, said investment in people is the beginning of prosperity.
“The South-South is the hub of power of Nigeria due to the hydrocarbon industry, blue economy, agriculture, tourism, etc.”
The Director General, BRACED Commission, Amb.Joe Keshi, in his welcome remarks, said the roundtable was themed around synchrosnising investment frontiers in a strategic framework for south-south economic integration.
The roundtable ended with a communique that recommended setting up a monitoring committee, and other organs to drive integration and investment.
Some of the key resolutions in the Communique issued at the end of the two-day symposium included the call for a BRACED Investment Promotion Charter with a harmonized Regional Investment Promotion Framework and a roadmap.
The Communique called for infrastructure alignment, uniform economic reforms, human capital development plan, and a technical oversight group.
The communique urged state governments, investors, and development partners to collaborate in transforming the BRACED states into a beacon of economic dynamism.
News
Easter: DHQ Orders Troop Alert, Confirms US Support
The Defence Headquarters has placed troops on nationwide alert ahead of the Easter celebrations, assuring Nigerians of tightened security.
The DHQ also reaffirmed that ongoing support from the United States is strengthening counter-terrorism operations, with a visible impact expected in the coming weeks.
Addressing journalists during the end-of-the-month briefing on Tuesday in Abuja, the Director, Defence Media Operations, Maj Gen Michael Onoja, assured citizens of heightened vigilance by troops during the Easter celebrations.
Onoja said the Armed Forces had already placed personnel on alert nationwide to prevent any security breach during the holiday period.
He added that similar measures were implemented during previous festive seasons, including Christmas and Eid-el-Fitr, and would be sustained.
“We know that festive seasons usually have heightened security activities. The military command gives instructions to ensure all personnel are on alert. This time will not be different,” he said.
He emphasised that security agencies would not relax despite the celebrations, noting that adversaries often attempted to exploit such periods.
“I can assure you that we will always be on alert, particularly at this period of festivities, because we know that the threats expect us to relax.
“But we are not going to relax. Everything will be okay for this Easter,” he added.
Speaking on the ongoing collaboration with the US forces, Onoja said the impact of the collaboration may not be immediately visible due to the nature of military engagements, but expressed confidence that the benefits would become evident in the coming weeks and months.
He said the U.S. support to Nigeria’s operations had been significant, particularly in the areas of intelligence sharing and training, noting that the assistance was being provided on favourable terms to strengthen ongoing counter-threat operations.
According to him, “You are aware that they are bringing intelligence and training support to us, which we need. They are giving that to us on very favourable terms. There are lots of things I cannot say because of confidentiality.”
He added that the intelligence being provided included information on the location of threats and hostile elements, stressing that Nigerian troops would act accordingly.
“All we can say is that these things take time. There is a gestation period when we are conducting military operations.
“You will not see it immediately, but in the next few months or weeks, you will feel the difference in the impact of the assistance that the U.S. is providing,” Onoja stated.
On February 16, 2026, DHQ confirmed the arrival of approximately 100 US military personnel and equipment at Bauchi Airfield.
According to the military high command, the personnel, who are not combat troops, were in Nigeria strictly for technical assistance, training, and advisory roles in counter-terrorism efforts.
However, insecurity has continued to surge in several parts of the country since their deployment, raising concerns about the effectiveness of the collaboration.
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