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Infrastructure Decay: FG Shops For $140bn Loan -Osinbajo …Spends N4.33trn On Capital …Projects In Three Years …Establishes Secondary Education Commission

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Vice President, Prof Yemi Osinbajo yesterday, revealed that Nigeria was looking up to America and other countries of the world for a loan of up to $140 billion to tackle the infrastructure decay in the country.
Osinbajo said this is after the present government has spent up to N3.5 trillion in the last four years to fix infrastructure decay and still has not scratched the surface.
The Vice President, represented by the Minister of Trade and Investments, Dr Okechukwu Enelamah spoke at the opening ceremony of the trade and investment expo exclusively for Nigeria and America, tagged USA Fair 2019 in Lagos.
He said government was making infrastructure revamping a priority in the next four years, just as it would also try to deploy modern infrastructure within same time frame, for job creation and ease of doing business in the country.
His words: “We are interested in building modern infrastructures. Our president has pointed that if we build infrastructure, Nigerians will do well.
It is the singular most important thing we can do to create jobs. “We spent over N3.5 trillion in the last three years. We are trying to figure out how to raise $140billion that Nigeria needs to catch up with infrastructure deficit over the next four years.
This is what the government is taking a hard look at and thinking of how to partner great countries like America and other nations around the world”.
Osinbajo also stated that partnership with the USA, in this instance is so strategic, considering that the US has remained the largest economy in the world that cannot be ignored by any forward looking economy.
He added that “Nigeria also remained the largest economy in Africa and one that the USA cannot also ignore. So we both have responsibility to work together for the greater good of not just our two countries but the world at large.
“We are committed to nurturing and building this relationship. We want the best for both countries. This is the reason we have worked with our partners in Commercial Department to launch the commercial and investment dialogue.
“This is a high level engagement to our government and businesses for both Nigeria and US to eliminate critical hindrances to bilateral trade and investment.
“Last year, there was over 90 billion worth of investment interest to Nigeria. This year, we need to exceed that because we need a steady growth in investors’ confidence but this investor confidence must be converted. We are seeing some good signs, like Jumia listing on New York exchange, MTN on the Nigeria Stock Exchange and Microsoft announcing plans to launch a development centre in Lagos. While all these are refreshing, we don’t think we are near our potential at all; we really need more, that is why this Fair is important and I have to tell you that we are extremely hungry to achieve more for the people”.
Meanwhile, the US Ambassador, Mr. Stuart Symington, said the American and Nigerian economies have much in common, including an intense entrepreneurial drive, a firm commitment to free market principles and a clear vision for doing well by doing good.
He said: “USA Fair 2019 is a prime opportunity to celebrate these mutual ideals and to drive both our economies forward through increasing trade and investment that have already put more people to work in both nations.”
Meanwhile, Minister of Budget and National Planning, Senator Udoma Udo Udoma yesterday said the Muhammadu Buhari administration disbursed a total of N4.33 trillion to execute its capital projects for 2016, 2017 and 2018.
At a valedictory press conference in Abuja, Udoma said “Ministry of Finance was able to release, for capital spending, the sum of N1.2 trillion under the 2016 budget, the sum of N1.58 trillion under the 2017 budget and, as at 8th May 2019 the sum of N1.55 trillion has been released under the 2018 budget.”
“We increased budgetary allocations to capital expenditure – from 16.1% in 2015 to 30.2% in 2016, 31.7% in 2017, 315% in 2018 and 26% in 2019- with priority given to the key execution priorities of the Economic Recovery Growth Plan, ERGP. We were also able to increase our capital releases,” Udoma said.
The Minister, regrettably during question and answer with the reporters admitted that the projection of growing economy by 7% a forecast of ERGP by 2020 is threatened and seems unrealisable.
He explained that the administration was unable to achieve the January to December budget cycle due to the absence of harmony between the executive and legislative arms of government.
While insisting that there was no legal requirement for the budget year to run from January to December, he, however, admitted January to December fiscal year is more predictable and would help the private sector and other economic players in planning because most economic players run a January to December fiscal year.
“Also, it would be much easier to track budget performance if both the recurrent and the capital budgets run from the same dates.
“However, to return to the January to December fiscal year for a budget when the operation of the current budget only commenced in June or July is a very challenging assignment.
“In order to achieve a return to a 1st of January commencement date the budget must ideally be delivered to the National Assembly by September.
“But when you are operating a budget which commenced only in June, or July, by September you would have had no idea how the existing budget is likely to perform.
“Indeed, given the procurement process, for a budget which starts running in June or July, there might have been little or no capital releases by September.
“In short, the only way to return to a January to December fiscal year, under those circumstances, is for there to be agreement between the Executive and the National Assembly to produce a budget on the basis of significant assumptions.
“This will require a very close working relationship of trust and synergy between the two arms of government.”
On the Social Investment Program ( SIP), the Minister said “as at March 2019, 1,707,932 loans been successfully disbursed under the Government Enterprise & Empowerment Programme (GEEP), with 1,374,192 of the loans given under the TraderMoni scheme; while 330,568 loans were for MarketMoni and 1,172 for FarmerMoni; over 9.5 million school children are currently being fed each day in 52,604 schools across 30 states under the Home-Grown School Feeding Programme.
“This programme has also provided direct jobs to 101,913 catering staff engaged under the scheme; 297,973 poor Nigerians across 20 States, have benefited from the N5,000 Conditional Cash Transfer Scheme and 3,517 community facilitators have been trained; 500,000 graduates are benefiting from the N-Power programme and are paid N30,000 monthly; while 20,000 non-graduates in the N-Build category are either currently in training or serving as intern,” Udoma explained.
In another development,the Federal Government has approved the establishment of a Secondary Education Commission to oversee the operations of secondary schools in the country.
Minister of State for Education, Prof. Anthony Anwukah, who made the disclosure in Abuja, yesterday, at a valedictory news conference, said President Muhammadu Buhari recently gave approval for the establishment of the commission.
He also said that the Federal Government also reviewed downwards the charges in Unity Colleges from N83,000 to N49,500.
The minister said the government had pegged PTA levy at N5,000 across the board, thereby ending arbitrary charges of N75,000, which nearly inhibited access to unity colleges.
According to Anwukah, unity schools in Nigeria will remain as long as the Buhari administration is in power.
‘‘Having taken this position, we embarked upon the rehabilitation of unity colleges in all the ramifications required.
“The Buhari administration had spent a total of N7billion on the provision of security infrastructure in the last four years.
‘‘Against the backdrop of insecurity in the North-East, affected by ‘Boko Haram’ as well as incidents of kidnapping in parts of the country, the Federal Government decided to provide basic security facilities in all unity schools,’’ he said.
On the development of infrastructure, Anwukah said that the government had embarked on the construction and rehabilitation of classrooms, hostels, laboratories, among others.
‘‘In spite of the economic downturn, we have done well in terms of investment in capital expenditure.
‘‘In terms of improving funding for the education sector, I am optimistic that the Federal Government will expeditiously look into the recommendations we have made in that respect.’’
The minister emphasised that if education could be adequately funded, the country would be able to compete with the world in the area of global knowledge.

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WASSCE: RSG Distributes Science Materials To Secondary Schools

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The Rivers State Government has distributed science equipment and materials to all senior secondary schools across the state to support students during the ongoing West African Examinations Council exams and to strengthen practical learning.

Flagging off the distribution at the Rivers State Senior Secondary Schools Board premises in Port Harcourt, on Monday, the State Commissioner for Education, Dr. Peters Nwagor, said the move demonstrates Governor Siminalayi Fubara’s commitment to improving education standards in the State.

 Nwagor said the materials were approved and provided by the state government specifically to boost the teaching and learning of science subjects, describing science education as the foundation for technological advancement, innovation, and national development.

“No society can compete globally without deliberate investment in science and technology,” the Commissioner stated.

He commended the governor for consistently prioritising the education sector by providing tools needed for effective teaching and hands-on learning.

The Commissioner directed principals to ensure that the equipment are used strictly for practical lessons in their schools, warning that any principal or administrator found diverting, hoarding, or selling the materials wil face disciplinary action under public service regulations.

 Nwagor also warned against examination malpractice,  saying any principal found aiding or encouraging malpractices will be decisively sanctioned.

“We must collectively restore the dignity and credibility of our educational system,” he said.

Also speaking, Chairman, Rivers State Senior Secondary Schools Board, Tony Egwurugwu, urged school heads to make judicious use of the materials for students’ benefit.

He thanked the State Government for providing the resources, and assured that monitoring mechanisms would be put in place to ensure the materials serve their intended purpose.

In his own remarks,  a Board Member for Technical Education, Nwisabari Bani Samuel, expressed appreciation to the governor for prioritising education and acknowledged the Commissioner’s role in advancing education development in the State.

He  said the distribution covers all senior secondary schools in the State and is intended to improve students’ performance in both internal and external science examinations.

Akujobi Amadi

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Fubara Hails Workers’ Resilience, Dedication In Rivers …Hails Tinubu’s Economic Reform 

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Rivers State Governor, Sir Siminalayi Fubara,  has commended workers in the State for their resilience, dedication, and invaluable contributions to development in the State.

 

Fubara gave the commendation during the 2026 Workers’ Day celebration at Isaac Boro Park in Port Harcourt, last Friday.

 

Represented by his deputy, Prof. Ngozi Nma Odu, the governor noted that Workers’ Day, which originated from the struggle for an eight-hour workday in the United States, has evolved into a global event recognising the contributions of workers to national growth and development.

 

He described workers as the backbone of sustainable development, saying no society can thrive without their efforts.

 

Fubara commended Rivers workers for their loyalty and commitment to service, noting that workers play vital roles across key sectors, including education, healthcare, infrastructure and industry.

 

He noted that their contributions have enhanced access to quality education and healthcare, supported job creation, and stimulated economic activities across the State.

 

While acknowledging the economic challenges faced by many workers, including the rising cost of living, Fubara assured that the the State Government remains committed to implementing policies that will enhance workers’ welfare and overall well-being.

 

The governor also hailed the bold and daring economic reforms of President Bola Tinubu which, he said, have stabilized the economy, enhanced foreign exchange liquidity, lowered inflation, and achieved significant growth in the nation’s gross domestic product.

 

He noted that, in addition to raising the minimum wage, the President recently approved new welfare incentives for federal civil servants.

 

“Our economy is on an unstoppable positive path under our President, and it can only improve further for the nation and everyone. Let us continue supporting the policies and programmes of Mr President,” he said.

 

Fubara highlighted the importance of workers in revenue generation and governance, noting that taxes paid by workers enable government to provide security and essential social services.

 

He reaffirmed the State Government’s recognition of labour as a critical partner in achieving its development blueprint, appreciating workers’ daily contributions to building a peaceful, secure, and prosperous Rivers State.

 

The governor urged the organised labour to use the occasion to reaffirm its commitment to the progress of the State, while continuing to advocate for democracy, social justice, and improved welfare for workers.

 

He also expressed gratitude to workers for their service to the State and the nation, encouraging them to remain steadfast in their contributions to development.

 

In his address, the State Chairman of the Nigeria Labour Congress, Comrade Alex Agwanwor, commended Fubara for his steadfastness, genuine commitment, and passion for workers in the State.

 

He highlighted key achievements of the administration, including the implementation of the National Minimum Wage Act, the renovation of the State Secretariat, the reopening of the Rivers State Transport Company (RTC), and the consistent payment of end-of-year bonuses to public workers.

 

Comrade Agwanwor noted that workers, as drivers of productivity, understand the challenges involved in building a prosperous Rivers State, stressing that they are well-equipped to contribute meaningfully to the growth and development of the State.

 

“We have resolved not to continue complaining and lamenting while challenges persist. Instead, we must take the initiative, step out of relative obscurity, and rediscover the mission and destiny of our dear state,” he said.

 

 

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Fubara Pledges Support For Corporate Organisations In Rivers …Says PPP Business Model Responsible For NLNG’s Success

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Rivers State Governor, Sir Siminalayi Fubara, has pledged the  continued  support of his administration for the Nigeria Liquified Natural Gas (NLNG) Limited.

Fubara gave the assurance while receiving the new Managing Director and Chief Executive Officer of the NLNG, Mr Adeleye Falade, who paid him a courtesy visit at Government House, Port Harcourt.

He assured that his administration would continue to contribute its own quota in support of the NLNG.

According to him, the success of the organisation is equally the success of the government of Rivers State and the success of the Federal Government.

“Our duty is to make sure that we support whoever is operating in our state. We are the ones here. If we don’t support you and you don’t succeed, we also will not succeed and Mr President will also not succeed.

“So, the success of your establishment is the success of our state, and overall success of Nigeria. So you can count on our support. Wherever you think  we need to come in to support you, please do not hesitate to call upon us.

“You just mentioned here that your predecessor left a handover note showcasing the level of support that he got from the state. It is not going to be different in your own case. I can  assure you that.  I will also ensure that other units of the government will  liaise with you when necessary. So even if you can’t get to me, you can always get to them and if there is anything we can do to help your establishment succeed, we will do it for you,” he said.

The governor attributed the success of the NLNG to the Public Private Partnership ( PPP) business model adopted by the Federal Government and the multinational oil companies.

The NLNG is jointly owned by Nigerian National Petroleum Corporation (NNPC) with 49%, Shell Gas B.V. with 25.6%, Total LNG Nigeria Ltd with 15%, and Eni International with 10.4%.

The partnership model allows for shared risks, costs, and expertise in the LNG sector.

The governor noted that the NLNG has not only survived the difficult business environment but has made sustained progress in the nearly three decades of its existence.

According to him, the decision of the Federal Government to allow the multinational oil companies who have the  needed expertise to run the establishment while government plays a supervisory role over it has largely been responsible for its  success.

“I’m very proud to say that if there is one establishment that has shown resilience, that has survived in the face of all the political issues prevalent in this country, it is the NLNG. And what is the reason? The reason is very simple. Government has no business in business. That is the truth. Leave the business for those people who can operate it. Let the government play its supervisory role to ensure that there is compliance with  the laws;  ensure that standards are maintained and also ensure that the right people with the needed  expertise are at the helm of affairs. That’s all. I think that is the reason why we still record a lot of successes in NLNG,” he said.

In his opening remark, the new NLNG boss, Mr Adeleye Falade, who led other top officials of the company on the visit, expressed appreciation to the governor for granting them audience, and appealed to the State Government to continue to support the organisation.

“We appreciate the opportunity to meet with you and deepen this important relationship.We deeply value the support the Rivers State Government continues to extend in fostering an enabling operating environment for businesses. NLNG remains deliberate in its contribution to Nigeria’s development, and Rivers State, our primary host, continues to be central to that commitment,” he said.

Falade said the company has continued to work with its host communities to strengthen their  capacity to identify, prioritise, and deliver sustainable development initiatives that create lasting impact.

According to him, communities including Amadi-ama, Abua, Ekpeye, Okrika, Kalabari, and Emohua have continued to benefit from this model.

He said that beyond community infrastructure, the NLNG  has sustained investments in economic empowerment through initiatives such as Vocational Innovation and Business Empowerment Scheme (VIBES) and  Micro Small and Medium Enterprise (MSME) schemes.

These, he said, were designed  to support small businesses, build capacity, and stimulate local enterprise across the state.

Among officials of the company who accompanied the Managing Director were General Manager, External Relations and Sustainable Development, Dr Sophia Horsfall; Manager, Government Relations, Mr Abdul Umar; Manager, Community Relations, Dr. Yemi Adeyemi; Head of Government Relations, Mr Mike Igoni; Head of Community Liaison and Engagement, Chief Ifeanyi Umeh.

Others are Technical Assistant to Executive Leadership, Mr Hassan Saleh; Senior Media and Publicity Advisor, Mr Emma Nwatu; Government Relations Advisor, Miss Homa Nmegbu; Senior Government Relations Advisor, Mrs Kate Allison, and Audio -Visual Advisor, Mr Dawood Ahmed.

 

 

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