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Refunds On Roads, Paris Club: APC Governors Acknowledge Receipt Of N2trn …Say Ministerial List Not Discussed At Meeting With Buhari

Published

7 years ago

June 19, 2019

The Chairman of the Progressives Governors Forum, Atiku Bagudu, has said governors are grateful to President Muhammadu Buhari for the release of about two trillion naira to the 36 states of the federation.
Bagudu stated this when he addressed State House correspondents at the end of a closed-door meeting between President Buhari and governors elected under the platform of the All Progressives Congress in Abuja, yesterday.
The Kebbi State governor said, “Furthermore, we used the opportunity to thank Mr President for all he has been doing and all the successes recorded in the areas he campaigned upon, which are security, economy and accountability.
“We are quite happy with his support for states where close to N2 trillion was given to states in the form of restructuring of loans, refunds on federal roads, refund for Paris Club, which has helped encouraged economic activities in the states, payment of salaries, payment of pensions, payment of gratuities and overall investment by infrastructural spending.
“We are also appreciative of increased investment in agriculture which has been because of conscious decision to support agriculture as a way out of economic challenges and provide economic growth,’’ he said.
On the meeting between the president and the governors, Bagudu said they were in the villa to congratulate the president on the National Assembly elections and to thank him for the confidence he had in the members of the forum.
Bagudu added, “We offer to work with Mr President to ensure that we increase economic performance, the security of our country and social cohesion.”
He disclosed that the Governors have not discussed the issue of the ministerial list with President Muhammadu Buhari, adding that the matter of a cabinet for Buhari’s second term was purely the President’s decision, “he should appoint whosoever he wishes.”
The meeting was to celebrate the victory of the party in the emergence of the National Assembly presiding officers positions.
The anointed candidates of the APC were elected last week for the positions of the Senate President, Deputy Senate President, Speaker of the House of Representatives and the Deputy Speaker of the House which are the four presiding officers positions.
Bagudu, who is the governor of Kebbi State, mentioned some of the interventions to include the Paris Club refunds, the budget support fund which is in form of loan and the refund for money expended by states on federal roads.
He said: “This morning (yesterday), Mr President graciously granted audience to progressive Governors forum. We came to congratulate him on the National Assembly elections and thank him for the confidence he had on the progressive Governors forum members who participated actively in all the processes that led to the emergence of Senator Ahmad Lawan, as Senate President, Ovie Omo-Agege as Deputy Senate President, Hon. Femi Gbajabiamila, as Speaker (House of Representatives) and Hon. Ahmed Wase as Deputy Speaker.
“Furthermore, we used the opportunity to thank Mr President in all he has been doing and all the successes recorded in the areas which he campaigned upon and by extension our party which are security, economy and accountability.
“We are quite happy with his support for states where close to N2 trillion was given to states in form of restructuring of loans, refunds on federal roads, refund for Paris Club, which has helped encourage economic activities in the states, payment of salaries, payment of pensions, payment of gratuities and overall investment by infrastructural spending.
“We are also appreciative of increased investment in agriculture which has been because of conscious decision to support agriculture as a way out of economic challenges and provide economic growth.
“We also congratulate Mr President that despite drop in incomes, the value for money that he insists upon has begun to pay off in terms of more security across the country even though some challenges still remain, he is working hard on that with sincerity.
“Last and not the least, we offer to work with Mr President continuously to ensure that we increase economic performance, security of our country and social cohesion.”
Governor Bagudu further explained that the Progressive Governors Forum used the occasion to thank President Buhari for celebrating the Democracy Day which was in consistent with the promise he made, adding that it was a major element reflective of his democratic ideals in ensuring that an issue which was so important to many Nigerians has been finally addressed in a way.
Asked on the promises he was making to Nigerians as his party, the APC was in total control of leadership at all levels, he said, “Well, we as progressive governors forum will push so that that legislation and cooperation between states and federal government will intensify, we will be more active during investments in all areas that can provide employment and incomes will rapidly increase. We will collaborate more to ensure that security is enhanced particularly when it involves state borders.”
Also asked, if the issue of ministerial list was discussed at the meeting, the Governor simply said, “No. It is an executive decision.”
Present at the meeting were Chairman of the Nigeria’s Governors Forum, NGF and Governor of Ekiti State, Dr Kayode Fayemi, and Yahaya Bello of Kogi State, whose colleagues led by Fayemi sang birthday song for him on his 44th birthday.
Others were Godwin Obaseki of Edo, Dapo Abiodun of Ogun, Yobe, Babagana Zulum of Borno, Babajide Sanwo-Olu, Abdullah iGanduje of Kano, Bagudu of Kebbi, Simon Lalong of Plateau, Gboyega Oyetola of Osun, Mai-Mala Buni of Yobe, Abdulrahman Abdulrazq of Kwara and Abdullahi Sule of Nasarawa, Atiku Bagudu of Kebbi State, Abubakar Badaru of Jigawa State, Mannir Yakubu, Deputy Governor of Katsina, and Hadiza Balaraba, Deputy Governor of Kaduna.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

Published

3 hours ago

January 9, 2026

The Tide

President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare

Published

4 hours ago

January 9, 2026

The Tide

The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.

?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

Published

1 week ago

December 30, 2025

The Tide

The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.