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Govs Reject N162m Monthly Repayment Plan For FG Loan …As Buhari Seeks Senate’s Confirmation For New NDDC Board …Names Tsoho, CJ, Federal High Court, Kanyip, NICN President, Appoints Three RECs
The 36 state governors, yesterday, rejected the proposed plan by the Federal Government to extend the repayment period of its budget support loan to state governments from 22 years to 30 years.
Based on the extension, state governments’ monthly repayment would reduce from N252million monthly to N162million monthly.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, briefed State House correspondents at the end of the National Economic Council (NEC) meeting chaired by Vice President Yemi Osinbajo at the Presidential Villa, Abuja, yesterday.
She was with Anambra State Governor, Chief Willy Obiano, Ogun State Governor, Engineer Dapo Abiodun, Nasarawa State Governor, Abdullahi Sule, and Minister of Health, Dr Osagie Ehanire.
According to her, the Federal Government has made the first and second months’ N252million monthly deductions in September and October, based on the 22 years repayment plan.
Following the outcry of the state governors, another repayment schedule plan extending the year to 30 years and a monthly repayment of N162million was presented to NEC, yesterday.
But she said that the state governors were still not satisfied with the repayment extension to 30 years.
She said, “The budget support facility was initially for 22 years repayment period. And when we made the first deduction in September, the states had complained that the amount deducted, which was N252million, was too harsh.
“So, since then, the Central Bank of Nigeria (CBN), who is the lender, has revised the condition to make the repayment period longer. And so the new repayment period is 30years. And this means that the states will be paying monthly N162million. But again today, the states still were not satisfied with the condition.
“So, we are expecting that the Federal Ministry of Finance, Budget and National Planning, CBN and the states will engage again with the view of having the CBN further revise the condition to reduce the monthly repayment burden”, she stated
Meanwhile, the 36 governors, yesterday, met with state commissioners of finance and heads of authorities in Abuja to discuss how to jerk up tax collection in states.
The meeting came a day after the governors signed a memorandum of understanding with the Joint Tax Board.
The Chairman of Nigeria Governors’ Forum and Ekiti Governor, Dr Kayode Fayemi, who spoke at the opening of the Internally Generated Revenue (IGR) peer learning meeting said, the platform was to share reform experiences and consolidate actions.
“As commissioners of finance and heads of tax authorities, you are responsible for both tax policy and administration in your states.”
Meanwhile, President Muhammadu Buhari has sent a letter to the Senate, requesting the screening and subsequent confirmation of a former deputy governor of Edo State, Dr. Pius Odubu, as chairman of the Niger Delta Development Commission (NDDC) Board.
In a letter read on at yesterday’s plenary by the President of the Senate, Dr Ahmed Lawan, Buhari has also requested the confirmation of 15 other members of the board.
Other members of the board are – Bernard Okumagba (Delta), who will serve as managing director and Otobong Ndem (Akwa Ibom), who was appointed the executive director, Projects.
Also listed are – Maxwell Okoh (Bayelsa), Jones Erue (Delta), Victor Ekhatar (Edo), Joy Nunieh (Rivers), Nwogu Nwogu (Abia), Theodore Allison (Bayelsa), Victor Antai (Akwa Ibom), Maurice Effiwatt (Cross River), Olugbenga Elema (Ondo), Uchegbu Kyrian (Imo) and Aisha Muhammed (Kano), who is representing North-West on the board, while Ardo Zubairu (Adamawa) represents North-East on the NDDC board.
Lawan later referred the names to the Chairman of the Senate Committee on Niger Delta Affairs, Peter Nwaoboshi, to conduct the screening and report back to the Senate in one week.
Similarly, President Muhammadu Buhari, yesterday, forwarded the name of Justice John Tsoho to the Senate for confirmation as the Chief Judge of the Federal High Court (FHC).
The President also forwarded the name of Justice Benedict Bakwaph Kanyip as the President of the National Industrial Court of Nigeria (NICN).
The Senate also received three nominees as Resident Electoral Commissioners of the Independent National Electoral Commission (INEC).
The nominees include Umar Mukhtar Gajiram (Borno), Dr. Alalibo Sinikiem Johnson (Bayelsa) and Raheem Muideen Olalekan (Osun).
In his letter nominating the three state Resident Electoral Commissioners, Buhari said, “Pursuant to Paragraph 14(3) of Part 1 of the Third Schedule to the Constitution of the Federal Republic of Nigeria, 1999 (as amended) I hereby write to request for confirmation by the Senate, the appointment of the following three nominees as Resident Electoral Commissioners of the Independent National Electoral Commission (INEC): Umar Mukhtar Gajiram (Borno), commissioner; Dr. Alalibo Sinikiem Johnson (Bayelsa), commissioner; and Raheem Muideen Olalekan (Osun), commissioner.”
On the appointment of the Judge of the Federal High Court, Buhari said: “Pursuant to Section 250(1) of the Constitution of the Federal Republic of Nigeria 1999 (as amended), I hereby write to request for confirmation by the Senate, the appointment of Honourable Justice J.T. Tsoho as the Chief Judge of the Federal High Court of Nigeria.
“While I trust that the Senate will consider this request in the usual expeditious manner, Please, accept, Distinguished Senate President, the assurances of my highest consideration.”
On the President of the National Industrial Court of Nigeria, Buhari said, “Pursuant to Section 250(1) of the Constitution of the Federal Republic of Nigeria 1999 (as amended), I hereby write to request for confirmation by the Senate, the appointment of Honourable Justice Benedict Bakwaph Kanyip as the President of the National Industrial Court of Nigeria.
“While trusting that the Senate will consider this request in the usual expeditious manner, Please accept, Distinguished Senate President the assurances of my highest consideration”, the president wrote.
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Fubara Dissolves Rivers Executive Council
Rivers State Governor, Sir Siminialayi Fubara, has dissolved the State Executive Council.
The governor announced the cabinet dissolution yesterday in a statement titled ‘Government Special Announcement’, signed by his new Chief Press Secretary, Onwuka Nzeshi.
Governor Fubara directed all Commissioners and Special Advisers to hand over to the Permanent Secretaries or the most Senior officers in their Ministries with immediate effect.
He thanked the outgoing members of the State Executive Council for their service and wished them the best in their future endeavours.
The three-paragraph special announcement read, “His Excellency, Sir Siminalayi Fubara, GSSRS, Governor of Rivers State, has dissolved the State Executive Council.
“His Excellency, the Governor, has therefore directed all Commissioners and Special Advisers to hand over to the Permanent Secretaries or the most Senior officers in their Ministries with immediate effect.
“His Excellency further expresses his deepest appreciation to the outgoing members of the Executive Council wishing them the best in their future endeavours.”
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INEC Proposes N873.78bn For 2027 Elections, N171bn For 2026 Operations
The Independent National Electoral Commission (INEC) yesterday told the National Assembly that it requires N873.78bn to conduct the 2027 general elections, even as it seeks N171bn to fund its operations in the 2026 fiscal year.
INEC Chairman, Prof Joash Amupitan, made the disclosure while presenting the commission’s 2026 budget proposal and the projected cost for the 2027 general elections before the National Assembly Joint Committee on Electoral Matters in Abuja.
According to Amupitan, the N873.78bn election budget covers the full conduct of national polls in 2027.
An additional N171bn is needed to support INEC’s routine activities in 2026, including bye-elections and off-season elections, the commission stated.
The INEC boss said the proposed election budget does not include a fresh request from the National Youth Service Corps seeking increased allowances for corps members engaged as ad-hoc staff during elections.
He explained that, although the details of specific line items were not exhaustively presented, the almost N1tn election budget is structured across five major components.
“N379.75bn is for operational costs, N92.32bn for administrative costs, N209.21bn for technological costs, N154.91bn for election capital costs and N42.61bn for miscellaneous expenses,” Amupitan said.
The INEC chief noted that the budget was prepared “in line with Section 3(3) of the Electoral Act 2022, which mandates the Commission to prepare its election budget at least one year before the general election.”
On the 2026 fiscal year, Amupitan disclosed that the Ministry of Finance provided an envelope of N140bn, stressing, however, that “INEC is proposing a total expenditure of N171bn.”
The breakdown includes N109bn for personnel costs, N18.7bn for overheads, N42.63bn for election-related activities and N1.4bn for capital expenditure.
He argued that the envelope budgeting system is not suitable for the Commission’s operations, noting that INEC’s activities often require urgent and flexible funding.
Amupitan also identified the lack of a dedicated communications network as a major operational challenge, adding that if the commission develops its own network infrastructure, Nigerians would be in a better position to hold it accountable for any technical glitches.
Speaking at the session, Senator Adams Oshiomhole (APC, Edo North) said external agencies should not dictate the budgeting framework for INEC, given the unique and sensitive nature of its mandate.
He advocated that the envelope budgeting model should be set aside.
He urged the National Assembly to work with INEC’s financial proposal to avoid future instances of possible underfunding.
In the same vein, a member of the House of Representatives from Edo State, Billy Osawaru, called for INEC’s budget to be placed on first-line charge as provided in the Constitution, with funds released in full and on time to enable the Commission to plan early enough for the 2027 general election.
The Joint Committee approved a motion recommending the one-time release of the Commission’s annual budget.
The committee also said it would consider the NYSC’s request for about N32bn to increase allowances for corps members to N125,000 each when engaged for election duties.
The Chairman of the Senate Committee on INEC, Senator Simon Along, assured that the National Assembly would work closely with the Commission to ensure it receives the necessary support for the successful conduct of the 2027 general elections.
Similarly, the Chairman of the House Committee on Electoral Matters, Bayo Balogun, also pledged legislative support, warning INEC to be careful about promises it might be unable to keep.
He recalled that during the 2023 general election, INEC made strong assurances about uploading results to the INEC Result Viewing portal, creating the impression that results could be monitored in real time.
“iREV was not even in the Electoral Act; it was only in INEC regulations. So, be careful how you make promises,” Balogun warned.
The N873.78bn proposed by INEC for next year’s general election is a significant increase from the N313.4bn released to the Commission by the Federal Government for the conduct of the 2023 general election.
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Tinubu Mourns Literary Icon, Biodun Jeyifo
President Bola Tinubu yesterday expressed grief over the death of a former President of the Academic Staff Union of Universities and one of Africa’s foremost literary scholars, Professor Emeritus Biodun Jeyifo.
Jeyifo passed away on Wednesday, drawing tributes from across Nigeria and the global academic community.
In a condolence message to the family, friends, and associates of the late scholar, Tinubu in a statement by his spokesperson, Bayo Onanuga, described Jeyifo as a towering intellectual whose contributions to African literature, postcolonial studies, and cultural theory left an enduring legacy.
He noted that the late professor would be sorely missed for his incisive criticism and masterful interpretations of the works of Nobel laureate, Professor Wole Soyinka.
The President also recalled Jeyifo’s leadership of ASUU, praising the temperance, foresight, and wisdom he brought to the union over the years.
Tinubu said Jeyifo played a key role in shaping negotiation frameworks with the government aimed at improving working conditions for university staff and enhancing the learning environment in Nigerian universities.
According to the President, Professor Jeyifo’s longstanding advocacy for academic freedom and social justice will continue to inspire generations.
He added that the late scholar’s influence extended beyond academia into political and cultural journalism, where he served as a mentor to numerous scholars, writers, and activists.
Tinubu condoled with ASUU, the Nigerian Academy of Letters, the Wole Soyinka Centre for Investigative Journalism, the University of Ibadan, Obafemi Awolowo University, Oberlin University, Cornell University, and Harvard University—institutions where Jeyifo studied, taught, or made significant scholarly contributions.
“Nigeria and the global academic community have lost a towering figure and outstanding global citizen,” the President said.
“Professor Biodun Jeyifo was an intellectual giant who dedicated his entire life to knowledge production and the promotion of human dignity. I share a strong personal relationship with him. His contributions to literary and cultural advancement and to society at large will be missed.”
Jeyifo was widely regarded as one of Africa’s most influential literary critics and public intellectuals. Among several honours, he received the prestigious W.E.B. Du Bois Medal in 2019.
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