City Crime
2019 Budget ’Il Reduce Inflation -Expert
A financial expert, Prof Uche Uwaleke, yesterday said that the Federal Government’s decision to reduce the size of the 2019 budget to N8.73 trillion would reduce inflation threat.
Uwaleke, Head of Banking and Finance Department, Nasarawa State University Keffi, said in Lokoja that the decision was wise considering the country’s present fiscal realities.
The Federal Executive Council (FEC) on Oct. 24 approved a budgetary proposal of N8.73 trillion for 2019 fiscal year, N400 billion lower than the 2018 budget which stood at N9.12 trillion.
The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, made the disclosure when he addressed State House correspondents at the end of FEC meeting.
Udoma said the council also approved the 2019/2021 Medium Term Expenditure Framework (MTEF) Fiscal Strategy Paper (FSP).
According to him, the MTEF/FSP is designed to translate the strategic development objectives of the Economic Recovery and Growth Plan (ERGP) to realistic and implementable budget framework for the medium term.
He said the key assumptions highlights being proposed for 2019 budget included oil price benchmark of 60 dollars per barrel, oil production of 2.3 million barrels per day, exchange rate of N305/1 dollar, and GDP growth rate of 3.01 per cent.
Uwaleke said that the decision to slow down government’s expansionary spending, especially in an electioneering year would pose less threat to inflation.
He added that the decision would reduce the fiscal deficit to Gross Domestic Product ratio in line with the Economic Recovery and Growth Plan (ERGP) target.
According to him, the reduction will curtail government borrowing in view of the present huge debt service burden which is clearly unsustainable at over 65 per cent of revenue.
“I think the decision to scale down on the size of the 2019 budget is wise considering the present fiscal realities in Nigeria.
“The only worrying aspect of the proposed 2019 fiscal framework is the significant reduction in capital expenditure,” Uwaleke said.
He noted that the 2017 budget implementation experience coupled with the revenue challenges being encountered in the execution of the 2018 budget called for a conservative approach to next year’s budget.
“For example, the 2017 budget implementation report recently released by the Budget Office speaks of adverse variances in key budget targets due mainly to shortfalls in actual revenue receipts resulting in huge fiscal deficit.
“The same scenario is playing out with regard to the 2018 budget in respect of which the Federal Government has just sought the approval of the National Assembly for about N2.8 billion to finance the budget.
“Much as the increase in recurrent spending ostensibly to accommodate the implementation of the minimum wage is justified, the Efficiency Unit of the Federal Ministry of Finance should intensify efforts at reducing MDAs overheads and avoidable wastages,” he said.
City Crime
Fanfare, Pageantry As Ohiauga Community Honours 31 Eminent Personalities with Maiden Leadership Awards
Ohiauga Community in Igburu Clan, Ogba/Egbema/Ndoni Local Government Area of Rivers State, on Saturday, December 27, 2025, witnessed an unprecedented spectacle of celebrations, fanfare and cultural splendour as it honoured 31 distinguished personalities for their outstanding leadership qualities, selfless service and immense contributions to the growth and development of the community.
The historic event, which took place at the Ohiauga Community Town Hall, marked the maiden edition of the Ohiauga Leadership Awards and saw 27 illustrious sons and daughters of the community, alongside four non-indigenes, decorated with various honours in recognition of their unwavering commitment to the socio-economic, political and infrastructural advancement of the area.
From the early hours of the day, the once serene and seemingly sleepy community was transformed into a beehive of activities. The atmosphere was electrified with excitement as the sound of music echoed from different corners of the community. Everywhere was colourful, lively and festive, as men, women, youths and children, young and old, trooped out in large numbers, beautifully adorned in elegant traditional and modern attires.
The favourable weather further added glamour and grace to the occasion, enhancing the beauty and splendour of the event, as the people, stakeholders and visitors savoured every moment of the celebration.
Adding royal splendour to the colourful ceremony was the presence of the Eze of Igburu Clan, Eze Igburu IV of Igburu Land, His Majesty Eze Kenneth Nwabochi, who arrived at the venue in full royal regalia, accompanied by his retinue of chiefs, elders and other palace officials. His presence was a clear testament to the significance of the occasion and underscored the unity and collective resolve of the people to celebrate excellence and service.
One after the other, the award recipients stepped forward amid thunderous applause, cheers and admiration from the audience. These were men and women whose years of dedication, sacrifice and contributions have helped place Ohiauga Community on the map in terms of political relevance, socio-economic growth and self-help-driven development.
Indeed, Ohiauga Community today boasts of notable achievements credited largely to community-based initiatives, including a relatively good road network, stable and uninterrupted electricity supply powered through solar infrastructure, and other basic amenities that have improved the quality of life of its people. The honoured individuals, it was observed, have played significant roles in achieving these milestones, leaving their unmistakable footprints on the community’s development journey.
By honouring them, the community made it clear that the awards were not meant to signal retirement from service, but rather to encourage the recipients to intensify their efforts and continue to give back to their fatherland. Community leaders noted that although progress has been recorded, Ohiauga still faces serious developmental challenges that require sustained commitment and collective action.
Prominent among these challenges is the absence of a functional healthcare facility. The only cottage hospital project in the community, allegedly initiated by Total Energies Limited several years ago, was said to have been abandoned, leaving residents without adequate medical care. The community strongly appealed to the Rivers State Government to intervene and revive the project in the interest of the people.
The education sector was also not spared. The Ohiauga Community Primary School, according to the community, is allegedly in good shape, with a conducive learning environment, but lacks enough classroom teachers, as there is only one government-employed classroom teacher. To fill the void, the community reportedly employed five additional teachers from its meagre resources and currently bears the responsibility of paying their salaries.
These realities, stakeholders explained, provided further justification for the decision to celebrate and honour individuals who have consistently demonstrated commitment to the welfare and development of the community.
Speaking at the ceremony, Chairman of the Organising Committee of the Ohiauga Maiden Leadership Awards, Pastor (Dr) David Chizor Nwaoburu, described the event as a strategic initiative aimed at fostering peace, unity and development, while recognising and rewarding excellence and service.
According to him, the award ceremony was designed to honour eminent personalities who have distinguished themselves in public and private life, and who have continued to make meaningful contributions to the growth of Ohiauga Community.
Dr Nwaoburu, who was himself among the award recipients, said the recognition was intended to motivate the honourees to do more for the community and not to rest on their achievements. He urged them to continue to serve the interests of the people wherever they find themselves and to remain ambassadors of peace and development.
He further reiterated the need for government intervention in the abandoned cottage hospital project and the posting of teachers to the primary school by the state government, stressing that community development in Ohiauga has largely been driven by self-help efforts.
Among those honoured at the event were Pastor (Dr) David Chizor Nwaoburu; former Bursar of Ignatius Ajuru University of Education, Dr Davis Ojima; the Registrar of the institution, Dr Chinonye A. Ajie; Dr Obi Chukwuma Ebenezer Jular; Elder Kemmer Mark Godwin; Dr Nwokoji Chukwuemeka; Mr Nduka Louis Odiegba; Dr (Chief) (Mrs) Ojima; Comrade Chimezie Igwela; Engr Gideon Eke; Chief (Prof) H. A. Ajie; Hon. Sule Igwela; and Dr Obi Nwaoburu.
Others included Prof. (Mrs) Jennifer Igwela; Dr Charity Ajie; Eric David Orukwo; the Paramount Ruler of Ohiauga Community, HRH Dr Amb. Bright Abali; Mr Chukwudi Lloyd Reuben; Comrade Wisdom Adieme; and the member representing ONELGA Constituency I in the Rivers State House of Assembly, Hon. Uchenna Nwabochi.
Also recognised were Comrade Kelvin London Oji; Pastor Smart Brass Maduagu; Chief (Hon.) K. O. Igwela; Harmony Igwela; Comrade Onyemaobi Igwela; and Late Elder Nwaba Maduagu, who received a posthumous award in recognition of his lifetime contributions to the community.
The four non-indigenes honoured for their dedicated services and goodwill towards the community were Hon. Marculey Ogolo; Hon. ThankGod Chibor; Comrade Kingsley Ogu; and Pastor G. Oreke, who was specially recognised as the only dedicated government classroom teacher at Ohiauga Community Primary School.
Reacting to the honour, the Registrar of Ignatius Ajuru University of Education, Dr Chinonye A. Ajie, described the award as a step in the right direction and a thoughtful gesture that encourages service and excellence. He called for harmonious relationships among all segments of the community and pledged his continued support towards education, job creation and collective development.
Former Bursar of the university, Dr Davis Ojima, also expressed gratitude to the community for recognising his contributions, assuring that he would remain committed to promoting peace, unity and sustainable development initiatives in Ohiauga.
Business mogul, Mr Nduka Louis Odiegba, said being honoured by one’s own community carries special significance, describing the recognition as the most cherished among the many awards he has received. He pledged to intensify his contributions to the welfare and development of the people, noting that “charity must begin at home.”
In his royal remarks, the Eze of Igburu Clan, His Majesty Eze Kenneth Nwabochi, emphasised the importance of peace, unity and the preservation of cultural values, describing the maiden Ohiauga Leadership Awards as a timely initiative aimed at strengthening communal bonds and fostering collective progress.
Giving the vote of thanks on behalf of the awardees, Mr Chukwudi Lloyd Reuben, thanked the community for finding them worthy of recognition, and commended the leadership and merit award committee for the excellent packaging of the programme. He urged the awardees to continue with their good work to the community, as the merit awards were a clarion call for more community development involvement and a wake up call for others to emulate the leadership qualities exhibited by the awardees.
Overall, the maiden Ohiauga Leadership Awards ceremony lived up to its billing, serving not only as a platform to celebrate excellence and service but also as a rallying point for renewed commitment to the development of the community, amid resounding jubilation, merriment and cultural pride.
By: Donatus Ebi
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