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FG Pays States $5.4bn Paris Club Refund
A total of $5.4 billion has so far been paid to states by the Federal Government for settlement of the Paris Club Refund.
The Minister of Finance, Mrs Zainab Ahmed confirmed the release at a news conference on the state of the economy yesterday in Abuja.
Present at the briefing were the Director-General, Debt Management Office, Mrs Patience Oniha, the Acting Director-General, Securities and Exchange Commission, Ms Mary Uduk and the Comptroller General of Customs, Col. Hameed Alli (Rtd).
Others were the Permanent Secretary, Ministry of Finance, Mahmoud Dutse; Executive Chairman, Federal Inland Revenue Service, Mr Babatunde Fowler and other top officials in the ministry.
She said that the Paris Club Refund was released to states in phases based on some conditions, which included that salaries and staff related arrears must be paid as a priority.
Also, there must be commitment by all states to the commencement of the repayment of Budget Support Loans granted in 2016 and clearing of amounts due to the Presidential Fertiliser Initiative.
Ahmed said that the Federal Government had also settled inherited debts despite the revenue shortfall experienced within the last three years.
The finance minister said aside the 5.4 billion dollars used to pay states over deductions made from the Paris Club debt, 6.8 billion dollars was used to settle Joint Venture Cash Call obligations.
She also said that contractors being owed N1.9 trillion under the Export Expansion Grants were on the verge of being settled.
In addition, she said that about N488 billion spent by state governments on road projects had also been paid.
Similarly, she said that as part of the Federal Government’s efforts to ensure all pensioners get their entitlements, the ministry had released N54 billion to settle outstanding pension arrears in 2014, 2015 and 2016.
She noted that the government had settled pension claims up to March 2017.
Ahmed announced that the federal government had agreed to pay about N571 million as gratuity to 175 retired police officers affected by the Biafra war.
In the area of expenditure performance, the finance minister said that in 2018, despite the revenue shortfall, the federal government had been able to pay salaries and fully service its debt obligations.
She said as at Dec. 21, 2019, the ministry had released overhead funding for seven months, while N995 billion had been released for capital projects.
She expressed optimism that the ministry would perform better during the rest of the budget year by driving up revenue generation to improve the fiscal space for spending.
To increase revenue, she said the federal government would be implementing more public financial management reforms.
“We will improve collaboration between our revenue collection agencies, including the Nigeria Customs Service, Federal Inland Revenue Service and other trade partners, to share information and intelligence that will help improve revenue and make collections more efficient.
“Under my tenure as the Finance Minister, I intend to continue championing such digitalization transformation initiatives that have proven to be a good way forward for our revenue generation drive,” she said.
When asked what are some of the taxes that would be affected by the planned increase in tax rate, the minister said that the government would from next year begin the implementation of taxes on luxury items.
She said: “We are exploring the way to increase taxes as well as reduce taxes in some sectors.
“For Small and Medium Enterprises, what will happen is to reduce taxes. But there are some special taxes that we will be looking at imposing.
“For example, luxury taxes. If you have a private jet, we will be taxing you especially for that. If you have a yacht, we will be charging you for that and also in terms of excise duties there are also some new areas where excise duties will be introduced.
“We haven’t got all the approvals but one of the major areas might be that of carbonated drinks produced in the country,” she said.
Ahmed also said that the government had also recorded an increase in the number of registered tax payers from 10 million in 2015 to about 19 million in 2018 under the Joint Tax Board.
On the whistle blower policy, Ahmed said that the Federal Government had recovered over N8.5 billion and 465 million dollars, among others, from 1,051 investigations conducted from tip offs received.
She also said that through the Voluntary Assets and Income Declaration Scheme, over N35 billion was recovered while significant increase was also recorded in the country’s tax base.
In the area of fiscal collaboration with state governments, the finance minister said that the federal government had provided budget support to states with a release of N1.9 trillion.
This, she noted, was to enable the state governments meet their salary and pension obligations, especially in the face of dwindling oil revenues over the last two years.
Earlier, Fowler, who also spoke at the briefing, said that out of the 2,000 property of corporate entities identified early this year that were not paying taxes, 561 of them had come forward to make payments.
He said 116 companies claimed not to own any of these properties, adding that 30 of them had actually written to the FIRS that the property in question do not belong to them.
Fowler said based on the law, the property would be taken over by the government.
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Diocese of Kalabari Set To Commence Kalabari University
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FG Honours 12 Teachers, Reaffirms Commitment To Education Reform
The Federal Government has honoured 12 teachers from across the country with national awards, reaffirming its commitment to strengthening the education sector through improved welfare, incentives, and professional development for teachers.
The awards were presented yesterday at the Nigeria Teachers’ Summit 2026, held in Abuja, where the Minister of Education, Dr Tunji Alausa, stated that the government would sustain reforms aimed at empowering teachers and restoring dignity to the profession.
Alausa explained that the selection process was transparent and merit-based, with three teachers nominated from each of the 36 states and the Federal Capital Territory at both the basic and senior secondary school levels.
From the pool of nominees, 12 teachers; six from basic education and six from senior secondary education, emerged as national award recipients.
Each of the 12 awardees received a cheque of N25m.
The Overall Best Teacher of the Year, Solanke Taiwo from the South-West category, received an additional N25m, bringing his total prize to N50m.
In addition to the cash prize, Taiwo is to receive a brand new car from the Governor of Borno State, Babagana Zulum, as well as a fully furnished two-bedroom flat from the Ogun State Governor, Dapo Abiodun.
Also, the Governor of Kebbi State, Nasir Idris, pledged to give each of the award winners an additional N5 million.
The minister described the awardees as exemplifying professionalism, integrity, innovation and dedication to learners, noting that they represent the best of the teaching profession in the country.
“This is more than a reward. It is a national signal that teaching is a noble, respected, and valued profession in Nigeria,” he said.
Speaking at the summit themed ‘Empowering Teachers, Strengthening the System: A National Agenda for Education Transformation and Sustainability,’ the minister said the recognition of the teachers reflected the FG’s broader education reform agenda under Tinubu’s Renewed Hope Agenda.
“Teachers are the foundation of education, and education is the foundation of national development. No nation can rise above the quality of its teachers.
“No reform, no matter how well designed, can succeed unless teachers are empowered, motivated, supported, and respected,” Alausa said.
He pledged that the government would continue to invest in teachers through structured training, improved career pathways and fair rewards, noting that education remained central to national development.
Under the Renewed Hope Agenda, he said, “sustainable development, economic growth, innovation, and social cohesion depend on a strong and responsive education system and that system depends on teachers.”
As part of this commitment, the minister announced the launch of EduRevamp, a nationally coordinated Continuous Professional Development programme designed to modernise teacher training and improve classroom outcomes.
While the programme is open to teachers in both public and private schools, Alausa said performance-based incentives would be reserved for public school teachers who complete certified training.
“Professional growth must never be restricted. Every teacher deserves access to quality training, modern tools, and updated skills,” he said, adding that incentives would be tied to measurable performance.
He also highlighted complementary initiatives, including the Ignite digital platform to reduce teacher workload, the Diaspora Bridge programme to strengthen STEMM education, and the provision of 60,000 tablets for teachers with zero-data access to approved training platforms.
The minister further announced reforms to the Teachers Registration Council of Nigeria’s digital platform, the expansion of Communities of Practice, and progress on the Accelerated Teacher Training Programme aimed at fast-tracking professionalisation for in-service teachers.
To provide long-term stability, he said the government had introduced a National Teacher Policy to guide teacher development, welfare and professional standards nationwide.
Addressing the award recipients and other educators at the summit, Alausa described the government’s message as “professional growth, dignity in service, and renewed hope,” urging stakeholders to focus on tangible outcomes in classrooms across the country.
In her welcoming remarks, the Minister of State for Education, Professor Suwaiba Ahmad, underscored the central role of teachers in Nigeria’s education reform agenda.
Ahmad said the gathering was both timely and strategic, noting that the quality of any education system is inseparable from the quality, motivation and empowerment of its teachers.
She explained that the theme aligns directly with Nigeria’s current education priorities.
According to her, investing in teachers is the bedrock of sustainable reform and national development.
“Empowering teachers is not an isolated intervention; it is the foundation upon which sustainable education reform is built.
“When teachers are supported, trained, motivated, and valued, the entire system is strengthened, learning outcomes improved, equity expands, and national development is accelerated,” she said.
Describing the summit as a strategic national platform, Ahmad said it was designed to unite key stakeholders to address challenges in the education sector and advance practical reforms.
She noted that the forum brings together teachers, policymakers, education leaders, regulators, unions, development partners and private sector actors to strengthen teaching and learning outcomes nationwide.
In his goodwill message, the National President of the Nigeria Union of Teachers, Audi Amba, described the summit as a historic milestone in the recognition of teachers’ roles in national development.
Nigeria’s education sector has continued to grapple with longstanding challenges, particularly around teacher welfare, access to regular professional development, classroom capacity and infrastructure.
These issues have raised concerns among stakeholders about the quality of teaching and learning in many public schools. At the same time, industrial actions by education unions in recent years have further highlighted the pressures facing educators nationwide.
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We Draw Our Confidence From God -Fubara
The Rivers State Government has declared that it draws its confidence from the assurance that God is more than sufficient to guide its leaders, strengthen its institutions, and sustain its communities in peace and progress.
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?Rivers State Governor, Sir Siminalayi Fubara, made this declaration during the 2026 Holy Ghost Rally organised by the Redeemed Christian Church of God (RCCG) at the Adokiye Amiesimaka Stadium, Port Harcourt, on Sunday.
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?Speaking through his deputy, Prof. Ngozi Odu, the governor stated that “with the Almighty God on our side, our challenges are surmountable and our future remains hopeful,” noting that the theme of this year’s rally, “The All-Sufficient God,” is both timely and reassuring.
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This was contained in a statement from the office of the Deputy Governor, signed by the Head of Press, ?Owupele Benebo.
?According to Fubara, the theme serves as a powerful reminder that in a world filled with uncertainty, God remains our unfailing source, sufficient in wisdom, strength, provision, and grace.
He stressed that when human ability reaches its limit, God’s sufficiency prevails.
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?The governor commended the Redeemed Christian Church of God for its consistent spiritual impact and unwavering prayers for Rivers State and the nation, expressing appreciation for the Church’s contributions to promoting moral values, unity, and faith in God.
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?In his sermon, drawn from Genesis 17:1, the General Overseer of the RCCG, Pastor Enoch Adeboye, described the Almighty God, whose name is above every other name, as all-sufficient and capable of meeting every human need.
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?He noted that the God who created all things also has the power to repair and restore them.
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?Adeboye explained that while human effort, including medical intervention, may reach its limits, there comes a point where only God steps in to turn situations around, bringing hope where none seemed possible.
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?In his address, the Pastor in charge of the Rivers Family of the RCCG, Pastor Adesoji Oni, stated that the Port Harcourt Holy Ghost Rally, which began in 2015 and has now become an annual event, has been a tremendous blessing to the people of the State.
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Adesoji noted that the rally has drawn thousands of souls to God while impacting lives spiritually and physically.
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?He further disclosed that the Church has gone beyond preaching the gospel to actively engage in impactful initiatives through its Christian Social Responsibility programmes.
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?These include skills acquisition centres, maternity centres across the State, a rehabilitation centre for persons battling substance abuse, and an Innovative Mind Hub.
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