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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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Rivers Govt Hails Anglican Church’s Role In Peace, Development

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The Rivers State Government has commended the Church of Nigeria (Anglican Communion) for its outstanding contributions to the development of Rivers State, particularly in the areas of peacebuilding, education, healthcare, and moral development.
Governor of Rivers State, Siminalayi Fubara, stated that the Church has remained a dependable partner in promoting peace, unity, justice, moral discipline, and social harmony across society.
The Governor, who was represented by the Secretary to the State Government, Dr. Dagogo Wokoma, made the remarks during the thanksgiving service marking the 30th Anniversary and First Session of the 11th Synod of the Diocese of Niger Delta North, held at St. Peter’s Anglican Church on Sunday.
Governor Fubara described the Synod’s theme, “Kingdom Advancement: The Priority of Every Believer,” as timely and relevant, considering the prevailing realities in society.
According to him, the Church continues to play a vital role in shaping societal values and inspiring hope among citizens.
“The Church remains a vital partner in promoting peace, unity, justice, and moral discipline. Its role in shaping values and inspiring hope cannot be overemphasized,” he stated.
The Governor further acknowledged the Anglican Communion’s contributions in education, healthcare delivery, youth empowerment, humanitarian services, and spiritual guidance across communities in Rivers State.
“The Rivers State Government appreciates the invaluable contributions of the Anglican Communion in education, healthcare, youth development, humanitarian support, and spiritual guidance. Your impact across communities in Rivers State continues to strengthen families and promote peaceful coexistence among our people,” he added.
Governor Fubara reaffirmed his administration’s commitment to building a peaceful, united, and prosperous Rivers State where all citizens can thrive irrespective of religion, ethnicity, or social background.
He also urged the Synod to continue praying for sustainable development and progress in Rivers State and Nigeria at large.
Earlier in his sermon, the Guest Minister, Joseph Olushola, spoke on the topic, “Kingdom Investment and Internal Rewards,” urging Christians to remain faithful stewards of God’s blessings and committed to advancing God’s kingdom through service and generosity.
The cleric emphasized that believers are custodians of the virtues and resources entrusted to them by God, stressing that divine rewards are based on faithfulness and impact rather than material possessions.

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Shell, MAN Back Rivers’ Drive For Expanded Gas Supply To Industries

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The Shell Nigeria Gas Limited, in partnership with the Manufacturers Association of Nigeria (MAN), has reaffirmed support for efforts to expand gas distribution infrastructure in Rivers State as part of initiatives aimed at improving access to affordable, cleaner and more reliable energy for industries across the South-South region.
The commitment was highlighted during the SNG–MAN Business Forum held in Port Harcourt, where stakeholders from the industrial and public sectors examined the role of natural gas in driving industrialisation, boosting local production and strengthening energy security.
Speaking at the forum on behalf of the Managing Director of Shell Nigeria Gas Limited, the company’s Head of Gas Distribution, Mr. Chukwuka Amos Ejesi, described natural gas as a critical component of Nigeria’s energy mix and a key driver of sustainable industrial growth.
According to him, Nigeria’s gas development agenda has reached a stage where policy direction must be matched with practical implementation capable of addressing the energy challenges confronting manufacturers.
He noted that pipeline gas offers industries a cleaner, more dependable and cost-effective energy alternative capable of supporting uninterrupted operations, reducing emissions and improving production efficiency.
“Gas is the backbone of manufacturing, and we are encouraged by the growing recognition among stakeholders of the need for cleaner and more reliable energy solutions,” he said.
Ejesi stressed the need for sustained collaboration among energy providers, government institutions and industrial stakeholders to maximise the country’s gas resources for economic development.
He added that improved gas infrastructure would strengthen manufacturing value chains, enhance productivity and promote more competitive industrial operations across Rivers State and the wider South-South region.
Participants at the forum also emphasised the importance of expanding energy infrastructure as a pathway to unlocking industrial capacity, reducing operating costs and promoting sustainable industrial development.
Representing Governor Siminalayi Fubara, the Director-General of the Rivers State Investment Promotion Agency, Dr. Chamberlain Peterside, reaffirmed the state government’s commitment to partnering with private sector investors to revitalise industrial activities in the state.
He identified key projects targeted under the initiative to include the revival of the Ahoada Industrial Park, the New Port City project and the proposed Bonny Industrial Park, all aimed at stimulating economic growth and expanding industrial opportunities along the Bonny corridor.
According to the governor, the long-term vision is to position Rivers State as a leading manufacturing hub in Southern Nigeria through strategic public-private partnerships.
Governor Fubara also commended Shell Nigeria Gas and MAN for sustaining engagements geared towards improving industrial energy access, noting that gas infrastructure development remains central to the state’s economic recovery plans.
He further observed that the gas sector presents enormous opportunities for economic growth, especially as global energy systems continue to shift towards cleaner energy sources.
The governor called on stakeholders to work collectively towards developing a practical and sustainable gas framework capable of supporting the state’s industrial and energy development objectives.

By; Kevin Nengia

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Odu Charges Newlyweds To Build Marriage On Love

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Rivers State Deputy Governor, Prof. Ngozi Nma Odu, has charged newlywed couples to build their marriages on the virtues of love and submission as taught in the Word of God.
Prof. Odu gave the charge at the wedding ceremony of Amblessed Favour Sunny-Cookey and Samson Jesuganji at Lifegate Power Ministries, Dominion Cathedral, in Port Harcourt on Saturday, 16th May 2026.
The Deputy Governor congratulated the couple on beginning a new phase of life together and prayed for God’s blessings upon their union, noting that the couple had been raised by godly parents and encouraged them to uphold the Christian values instilled in them.
Referring to the sermon delivered during the ceremony, Prof. Odu emphasized that the principles of love and submission remain fundamental to a successful marriage.
According to her, genuine love reflects the nature of God, stressing that love should remain the foundation of the couple’s relationship as they journey through life together.
Prof. Odu further prayed for enduring peace, happiness, and progress in the home, expressing confidence that the marriage would continue to flourish under God’s guidance.
The Deputy Governor also commended the families of the couple for their support and upbringing, while urging the newlyweds to always remember the significance of the day and the commitment they had made before God and witnesses.
In his sermon at the wedding, the Founder and Presiding Pastor of Salvation Ministries, Pastor David Ibiyeomie, stated that marriage did not originate from Western culture, traditions, or human ideas, but from God, whom he described as the “manufacturer” of marriage.
According to the cleric, couples seeking lasting and peaceful homes must rely on biblical principles rather than societal trends or assumptions.
He explained that many marital crises and rising divorce rates stem from ignorance and failure to apply scriptural teachings in family life.
Drawing from the biblical parable of building a house on a rock, Pastor Ibiyeomie said the Word of God remains the only solid foundation capable of sustaining marriages through challenges and difficult times.
He noted that marriage naturally comes with unexpected realities and pressures, stressing that religious ceremonies or cultural practices alone are not enough to sustain a home without proper understanding of God’s instructions.
The pastor further warned that ignorance of scripture remains one of the greatest weapons against believers, urging Christians to study and practice the Word of God rather than merely attending church services.
It would be recalled that the bride is the daughter of Pastor Sunny Cookey the Founder and Presiding Pastor of Lifegate Ministries. The Ceremony had lots of Ministers in attendance which includes Apostle Zilly Aggrey, Pastor George Izunwa, and Bishop Winston Iwo

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