Featured
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.
Featured
Fubara Redeploys Green As Commissioner For Justice
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.
Featured
Fubara Restates Commitment To Peace, Development …Commissions 10.7km Egbeda–Omerelu Road
Rivers State Governor, Sir Siminalayi Fubara, has declared that his administration will ensure the delivery of developmental projects and the prevalence of peace in all parts of Rivers State.
The Governor emphasized that the achievement of these lofty ideals can only occur through the unwavering contributions of all Rivers stakeholders.
Speaking during the commissioning of the 10.7-kilometre Egbeda–Omerelu Road constructed by his administration, the governor said Rivers State can only move forward when its people choose unity over division.
He assured Rivers people that development projects would reach every part of the State but cautioned that progress cannot thrive where conflict persists.
Reflecting on the project, Governor Fubara recalled that the road was a promise he made during the inauguration of the first phase about a year ago.
“We made a promise that we were going to do this project, and today I am happy that the government has fulfilled that promise made to Emohua people, Egbeda community and Omerelu people,” he said.
He noted that the essence of governance is service to the people, adding that responding to their needs is a core responsibility of any administration.
“We decided to do this because you know where we are coming from, and if we don’t tell our story, many won’t know what we are doing. Even in the face of tribulations, we have remained focused on delivering the dividends of democracy. We will continue to serve our people with respect and honour,” he affirmed.
Governor Fubara also reiterated his support for President Bola Ahmed Tinubu, pledging to back all groups working towards securing the President’s victory in 2027.
Giving technical details of the project, the Permanent Secretary of the Ministry of Works, Dr. Austin Ezekiel-Hart, explained that the contract was awarded on October 27, 2024, to Messrs Johnson Roadworks Limited.
He said the road links communities in Emohua and Ikwerre LGAs and shortens travel time for motorists commuting from Ahoada East, Ahoada West and Omoku through Egbeda to Owerri in Imo State.
He added that the infrastructure features a 12-metre clearing width and an 8-metre asphalt surface, comprising a 50mm binder course and a 40mm wearing course. It is complemented by 24 kilometres of drainage channels with a 1.05m² cross-sectional capacity to ensure durability and efficient water flow.
In his remarks, the Chairman of Emohua Local Government Area, Dr. Chidi Lloyd, described the road as a crucial link for surrounding communities, significantly easing movement for residents.
He praised the governor for demonstrating continuity and consolidation and prayed for God’s strength to enable him to achieve even more for the people.
Featured
Oil & Gas: Rivers Remains The Best Investment Destination – Fubara
Governor Siminalayi Fubara says Rivers State remains the best investment destination for investors in the oil and gas sector.
Governor Fubara stated that since the economic development of Rivers State is closely connected to the growth of the oil and gas industry, his administration has continued to collaborate with the Federal Government and host communities to protect natural assets in the sector.
The Governor stated this during the Nigeria and Entrepreneurship Summit and Honours (NESH) Foundation Oil and Gas Roundtable in Port Harcourt.
Represented by the Secretary to the State Government, Dr. Benibo Anabraba, he pointed out that since the economy of Nigeria relies substantially on the oil and gas sector, his administration will continue to collaborate with relevant stakeholders to ramp up production.
“The Nigerian oil and gas sector is the lifeblood of our nation’s economy, contributing over 90% of Federal Government’s foreign exchange earnings. Similarly, Rivers State, home to numerous national and multinational oil and gas companies, is the centre of Nigeria’s hydrocarbon industry, with the State’s oil and gas resources generating over 40% of the country’s revenue.
“?Considering this, the survival and economic development of Rivers State are closely connected to the growth of the oil and gas industry. That is why, since the beginning of this administration, we have focused on safeguarding the national oil and gas assets in collaboration with the Federal Government, security agencies, communities and other stakeholders, and we will maintain this commitment for as long as it is necessary.
“Furthermore, we have established and maintained a conducive, peaceful, and secure environment for companies to open and flourish in the State as part of a strategic plan to stimulate our economy, generate jobs, and enhance the well-being of our citizens.
“We therefore recognise and applaud the vital role that indigenous companies are currently playing in bridging gaps and advancing the development of Nigeria’s oil and gas industry,” he stressed.?
Governor Fubara affirmed that Nigerian-funded companies can only succeed and make meaningful contributions to the nation’s economic prosperity when challenges that limit the nation are effectively tackled, and expressed his administration’s stand to support indigenous organisations such as the Nigeria and Entrepreneurship Summit and Honours (NESH) Foundation.
Declaring the roundtable open, the Governor assured the Nigerian-Owned companies in the oil and gas sector, that “we are ready and willing to respond positively to any administrative, policy, or legislative recommendations within our jurisdiction as a subnational State.”
The Founder of the Nigeria and Entrepreneurship Summit and Honours (NESH) Foundation, Mr Emeka ugwu-Ozu, disclosed that the summit, held only in an oil and gas producing place, is a forum for all in the industry to brainstorm and suggest best practices for local players.
“This roundtable discussion takes place in only oil and gas producing states, and it is intentional. And that is to make sure that sooner, it becomes like what we say is the equivalent of Houston in the United States of America.
“I would say that from what I have seen so far, Rivers State is back and open, safe and good for business. The oil and gas players should come and see what we have seen,” he said.
-
Featured4 days agoFubara Redeploys Green As Commissioner For Justice
-
Sports1 day agoAFCON ’25: Osimhen Not Worried By Yekini Comparison, Pressure
-
Business1 day agoKALCCIMA PROMISES KALABARI ECONOMIC GROWTH, INAUGURATES NEW EXECUTIVES
-
Sports1 day agoOgoni Nation Cup : Coach Praise Players In spite 2-0 Loss
-
Sports1 day agoRemo Stars set for Ikenne return
-
Sports1 day agoChelsea Set To Part Ways With Maresca?
-
Sports1 day agoSoname Calls For NPFL referees demotion
-
Entertainment1 day agoBurna Boy’s ‘I Told Them’ Becomes Highest-grossing Tour
