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Nigeria Sliding Into Bankruptcy, Secondus Alerts

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The National Chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus, has said Nigeria under the watch of President Muhammadu Buhari was going bankrupt, saying in almost six years in the saddle, the President has demonstrated gross inability to steer the wheel of the state.
Secondus, who stated this at the 90th National Executive Committee (NEC) meeting, yesterday, in Abuja, also berated government’s handling of security in the land, adding that the helplessness of the President has become too glaring for the world to see.
The PDP boss also came hard on the All Progressives Congress (APC)-led government for incessant borrowings even as he warned the Federal Government against mortgaging the future of the country.
“This country is sliding into bankruptcy but the government is instead embarking in endless borrowing with no accountability on the already borrowed ones.
“Federal Government themselves just reported last week that 428 agencies would not be able to pay salaries this November because of underfunding.
“At the last count, Nigeria debt profile is showing over N31trillion, a lot of it misappropriated.
“While borrowing in economics is not bad, it depends on what the borrowed resources is being channelled for. With the unprecedented corruption in the system under APC watch, it would be difficult to see this borrowed funds properly deployed,” he said.
According to Secondus, “President Muhammadu Buhari- led APC government, under whose watch the situation got worsened and complicated has remained clearly helpless and incapable of providing the needed leadership.
“The consequences of all these came to the fore when the youths, last month poured out their anger on the country through a nationwide protest.
“Even though the protest was triggered off by accumulated police brutality, particularly by the defunct Special Anti-Robbery Squad (SARS), it developed into a wider rebellion against injustice and poor leadership in the country.”
He urged the Federal Government to address the fundamental issues raised by the youths, rather than “the counterproductive strategy of seeking to hound and intimidate perceived leaders of the peaceful protest by seizing their travel documents, freezing their accounts and arrests.
“We have refused to join issues with him in any way but we cannot bow to any blackmail. What I can report to NEC is that the strength of our party in Ebonyi State and South-East is intact and the NWC has taken necessary steps to protect and guard it. The real season that informed this decision will soon be exposed,” he added.
“May I declare to you that the party is also being futuristic, drawing experience from the past. We know as a fact that transparent election under the watch of APC is not feasible with the current Electoral Act.
“We are liaising with our very reliable members in the National Assembly to ensure that a fraud-free law is put in place ahead of 2023. Within our family also, we are putting all hands on deck to ensure we enter the next election stronger as one united and harmonious family, and to achieve this, I solicit the full and undiluted cooperation of NEC.
Similarly, the governors elected on the platform of the Peoples Democratic Party, yesterday, reiterated their loyalty and commitment to strengthening the party.
The Chairman of the PDP Governors Forum, Hon Aminu Tambuwal, spoke on behalf of his colleagues at the ongoing 90th NEC meeting of the party holding at the party’s National Secretariat, Wadata House, Abuja.
He said, “All 15 of us are here present. We are individually committed to good governance in our various states in order to make our party strong.
“This is a clear statement that we are united and working towards strengthening our party for the future.”
Also, the Chairman of the PDP Board of Trustees, Senator Walid Jibrin, told the gathering that the PDP remains strong in Ebonyi State despite the exit of Governor David Umahi.
He faulted reasons adduced by Umahi for leaving for the All Progressives Congress but said it was a thing of joy that the PDP structure in the state remains intact.
Jibrin expressed delight that the party’s National Working Committee took proactive steps to ensure that Umahi did not take undue advantage of the PDP structure in the state.
Also, speaking on behalf of the PDP caucus in the National Assembly, the Senate Minority Leader, Senator Eyinnaya Abaribe, assured the party leadership that the caucus was prepared to fight against anti-media legislation “with every drop of our blood.”

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FG Ends Passport Production At Multiple Centres After 62 Years

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The Nigeria Immigration Service has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.

Minister of Interior, Dr Olubunmi Tunji-Ojo, disclosed this yesterday while inspecting Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja.

He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.

“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.

He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.

“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.

 “We promised two-week delivery, and we’re now pushing for one week.

“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.

He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.

Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.

He said the centralised production system aligned with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for better service delivery.

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FAAC Disburses N2.225trn For August, Highest In Nigeria

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The Federation Account Allocation Committee (FAAC) has disbursed N2.225 trillion as federation revenue for the month of August 2025, the highest ever allocation to the three tiers of government and other statutory recipients.

This marks the second consecutive month that FAAC disbursements have crossed the N2 trillion mark.

The revenue, shared at the August 2025 FAAC meeting in Abuja, was buoyed by increases in oil and gas royalty, value-added tax (VAT), and common external tariff (CET) levies, according to a communiqué issued at the end of the meeting.

Out of the N2.225 trillion total distributable revenue, FAAC said N1,478.593 trillion came from statutory revenue, N672.903 billion from VAT, N32.338 billion from the Electronic Money Transfer Levy (EMTL), and N41.284 billion from Exchange Difference.

The communiqué revealed that gross federation revenue for the month stood at N3.635 trillion. From this amount, N124.839 billion was deducted as cost of collection, while N1,285.845 trillion was set aside for transfers, interventions, refunds, and savings.

From the statutory revenue of N1.478 trillion, the Federal Government received N684.462 billion, State Governments received N347.168 billion, and Local Government Councils received N267.652 billion. A further N179.311 billion (13 per cent of mineral revenue) went to oil-producing states as derivation revenue.

From the distributable VAT revenue of N672.903 billion, the Federal Government received N100.935 billion, the states received N336.452 billion, while the local governments got N235.516 billion.

Of the N32.338 billion shared from EMTL, the Federal Government received N4.851 billion, the States received N16.169 billion, and the Local Governments received N11.318 billion.

From the N41.284 billion exchange difference, the Federal Government received N19.799 billion, the states received N10.042 billion, and the local governments received N7.742 billion, while N3.701 billion (13 per cent of mineral revenue) was shared to the oil-producing states as derivation.

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KenPoly Governing Council Decries Inadequate Power Supply, Poor Infrastructure On Campus

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The Governing Council of Kenule Beeson Saro-Wiwa Polytechnic, Bori, has decried the inadequate power supply and poor state of infrastructural facilities and equipment at the institution.

The Council also appealed to the government, including Non-Governmental Organisations, agencies, as well as well-meaning Rivers people to intervene to restore and sustain the laudable gesture, dreams and aspirations of the founding fathers of the polytechnic.

The Chairman of the newly inaugurated Council, Professor Friday B. Sigalo, made this appeal during a tour of facilities at the  Polytechnic, recently.

Accompanied by members of the team, Prof Sigalo emphasised the position of technology, technical and vocational education in sustainable development.

He noted that with the prospects on ground, and the programmes and activities undertaken in the polytechnic, there is no doubt that the institution would add values to the educational system in our society and foster the desired development, if the existing challenges are jointly tackled.

This was contained in a statement signed by Deputy Registrar, Public Relations, Kenpoly,  Innocent Ogbonda-Nwanwu, and made available to The Tide in Port Harcourt.

The chairman who restated the intention of his team of technocrats to ensure that KenPoly enjoys desirable face-lift, said the Council would deliver on its core mandates, accordingly.

Earlier, the Rector, KenPoly Engr. Dr. Ledum S. Gwarah, commended the appointment of Professor Friday B. Sigalo as Chairman of the KenPoly Governing Council.

He described him and his team as seasoned technocrats and expressed confidence in their ability to succeed.

The Rector pledged the management’s support to the Council to ensure that KenPoly resumes its rightful place in the comity of polytechnics in the country.

Facilities visited by the Governing Council include KenPoly workshops, laboratories, skills acquisition centre, library, hostels and medical centre.

 

Chinedu Wosu

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