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FG Pays States $5.4bn Paris Club Refund

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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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Fubara Seeks Full Resolution Of Bille Gas Leakage …Pledges Upgrade Of Community  Health Centre

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Rivers State Governor, Sir Siminalayi Fubara, has demanded quick and full resolution to the challenges arising from the gas leakage that occurred in Bille, Degema Local Government Area  of the State.

The governor has also pledged to upgrade the Primary Healthcare  Centre (PHC) in Bille with a view to addressing the  health challenges confronting  the community.

Fubara made the pledge on Wednesday at the Government House, Port Harcourt during an enlarged meeting of key stakeholders, comprising representatives of the Federal Government, the state government  and leaders of the community.

The meeting was held to review the situation in the community and explore available opportunities to save the people from the adverse impacts of environmental pollution.

Addressing the journalists at the end of the meeting, the governor acknowledged the determination of the Federal Government and its agencies to get to the root cause of the problem in Bille and  ensure that it is resolved permanently.

“The meeting is in respect of the situation in Bille. You’re aware that there is a case of gas leakage somewhere in Bille and the people have been making some requests that the government should come to their rescue to resolve the situation.

“As a state, we have gone to see the situation in the community, not alone but in conjunction with the industry operators and officials of  the Federal Ministry of Petroleum Resources. What we are doing today is an enlarged meeting where all the parties are sitting together to look at the cause of the issue and the most possible way to get the problem resolved,” he said.

Fubara described the outcome of the meeting as successful, stressing that more action would be taken in the next couple of weeks to ensure that the issue is fully resolved.

The Minister of State, Petroleum Resources (Gas), Hon Ekperikpe Ekpo, who led the Federal Government’s delegation to the meeting, expressed appreciation to the governor for his warm hospitality and efforts to address the challenge in Bille community.

Ekpo explained that contrary to the perception in certain quarters, the Federal Government has not been silent over the “gas seepage” but has been working tirelessly towards finding a sustainable solution.

The minister explained that as soon as the incident was reported, the Federal Government deployed experts to the area to understudy the cause of the problem.

According to him, it was difficult at first to understand the cause of the problem since there were no oil or gas infrastructure within the vicinity of the incident, hence the need to conduct a more detailed investigation.

“The investigation is still going but we decided to do a follow-up visit to the area to talk to the people of Bille Community that we need collaboration on their part so that we would be able to arrive at a lasting solution.

“The safety of the people is paramount. We can understand their anxiety,  the worry and the danger that this thing poses within the area, but the Federal Government is committed to  finding a lasting solution to the problem. The primary responsibility of government is to take care of the welfare and security of the people and that is exactly why we are here to go and see things for ourselves,” he said.

The Chief Executive Officer (CEO), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs Oritsemeyiwa Eyesan, also explained that as  the regulatory agency  at the centre of the issue, no effort will be spared in the task of resolving the issue.

Eyesan pledged that the NUPRC and operators in the industry were prepared to address the requests of the impacted  people in terms of the provision of potable water and fire trucks  to  the community.

The Public Relations Officer, Council of Chiefs, Bille Kingdom, Chief Rena Dappa, had during the meeting, presented the  challenges facing the community and pleaded for government’s support to save the lives and livelihoods of the people.

 

 

 

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Tinubu Unveils Training Programme For 5,000 Metre Installers

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President Bola Tinubu has announced the launch of a training programme for 5,000 young Nigerians as meter installers and technicians under the Presidential Metering Initiative.

The President stated that the scheme is aimed at creating jobs, closing the country’s metering gap and improving electricity supply.

The President disclosed this in a statement on his verified X handle yesterday, describing the initiative, tagged “The Power Force,” as part of his administration’s Renewed Hope Agenda to expand employment opportunities for young people.

According to Tinubu, the programme will equip participants with practical technical skills and connect them to employment opportunities in Nigeria’s power sector.

“Through the Presidential Metering Initiative (PMI), which I established to close Nigeria’s metering gap, end estimated billing, protect consumers and strengthen the electricity market, we are opening a new pathway for 5,000 young Nigerians to be trained as meter installers and technicians under The Power Force. This programme is about jobs, skills and dignity,” he said.

Tinubu said the training would be open to eligible Nigerians who have completed their secondary school education, with a dedicated quota reserved for members of the National Youth Service Corps.

He noted that expanding electricity metering was critical to improving service delivery and promoting transparency in the power sector.

“When homes and businesses are properly metered, Nigerians can pay for what they actually use. When electricity distribution companies collect revenues more transparently and fairly, they are better able to reduce losses, maintain infrastructure, expand connections and invest in better service.

“This is how we build a power sector that is fairer to consumers, stronger for investors and better able to deliver reliable electricity to the Nigerian people,” the President said.

Tinubu said he had directed the Presidential Metering Initiative to work with the Federal Ministry of Youth Development, the National Power Training Institute of Nigeria, and other relevant stakeholders to commence the programme within the next 30 days.

He encouraged qualified young Nigerians to apply, saying the initiative would provide them with marketable skills while supporting efforts to eliminate estimated billing and improve electricity access nationwide.

“I encourage eligible young Nigerians to apply. Join The Power Force. Learn a skill. Earn with dignity. Help us end estimated billing and be part of the work to light up Nigeria,” he added.

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Xenophobia: Third Evacuation Flight From S’Africa Arrives Today -FG

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The Federal Government has announced that the third evacuation flight for Nigerians voluntarily returning from South Africa will arrive Lagos today having departed Johannesburg at midnight yesterday with 271 returnees on board.

The Ministry of Foreign Affairs disclosed this in a statement issued yesterday by its spokesperson, Mr Kimiebi Imomotimi Ebienfa.

According to the ministry, the Air Peace-operated flight is expected to arrive at the Murtala Muhammed International Airport, Lagos, at about 5:30 a.m. on Friday, July 3, 2026.

It said the evacuation is part of the Federal Government’s ongoing efforts to facilitate the voluntary return of Nigerians from South Africa.

“The third evacuation flight operated by Air Peace will depart Johannesburg today by 12 midnight with 271 returnees. The estimated time of arrival in Lagos is 5:30 a.m. on Friday, July 3, 2026,” the statement read.

The latest batch of returnees follows earlier evacuation flights that brought hundreds of Nigerians back to the country under the Federal Government’s voluntary repatriation programme.

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