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APC’ll Plunge Nigeria Into Bankruptcy, PDP Govs Alert

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The Peoples Democratic Party Governors’ Forum (PDPGF) says the country’s current debt of over N36trillion was becoming clearly unsustainable.
The governors warned that the All Progressives Congress (APC) administration would plunge the country into avoidable bankruptcy, if rising debt profile was not checked.
The forum of PDP governors made the assertion at the end of their meeting, held at the Government House, Uyo, Akwa Ibom State, last Monday.
In a 14-point communiqué read by Governor Aminu Tambuwal of Sokoto State, who chaired the meeting, the PDP governors frowned at the rising and seemingly uncontrollable debt profile of Nigeria with over 80 per cent of normal Appropriation spent on debt servicing.
“All the gains of the PDP Government under Chief Olusegun Obasanjo, where Nigeria exited its foreign debt obligations, has been destroyed. Borrowing for frivolous items such as funding the Nigerian Television Authority (NTA) is scandalous. Money should only be borrowed for productive purposes as Nigeria’s current debt of over N36trillion is becoming clearly unsustainable relative to our earnings and GDP.”
The meeting also frowned at the opaque manner the Nigeria National Petroleum Corporation (NNPC) carries out its operations, particularly its recent decision not to make statutory contributions to the Federation Account, thereby starving the states and local governments, and indeed, Nigerians of funds needed for employment, development and general wellbeing.
“Under the Constitution, the NNPC is duty bound to make proceeds of sale or business of petroleum available to the Federation Account which belongs to the three tiers of government, excluding reasonable and verified and verifiable cost of operations. The Federal Government through NNPC is a manager of our oil wealth merely as A Trustee for all Nigerians.”
The PDP governors decried a situation where the NNPC decides in a totally discretionary and often whimsical manner, how much to spend, how to spend it and how much to remit to the Federation Account, contrary to the letters and even the spirit of the 1999 Constitution.
In attendance were Governors: Udom Emmanuel (Akwa Ibom); Nyesom Wike (Rivers); Douye Diri (Bayelsa); Samuel Ortom (Benue State); Ifeanyi Okowa (Delta); and Ifeanyi Ugwuanyi (Enugu).
Others were Governors Oluseyi Makinde (Oyo); Ahmadu Fintiri (Adamawa); Godwin Obaseki (Edo); Bala Mohammed (Bauchi); Darius Ishaku (Taraba); Okezie Ikpeazu (Abia); and Deputy Governor of Zamfara, Mahdi Mohd.
The PDP governors demanded that states should have a say in determination of the operating cost of other agencies of government such as Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Communication Commission (NCC), Federal Inland Revenue Services (FIRS), Nigerian Customs Service (NCS), and similar organisations that were statutorily required to make contributions into the Federation Account, to ensure transparency and accountability.
The meeting expressed deep concern that the Central Bank of Nigeria (CBN) was operating as an independent government within a government, which was a pervasion of the autonomy of the bank.
“A situation where CBN creates money, decides how much of it to spend, on what to spend it on without any form of controls or supervision is patently subversive of our constitutional order. It has become not just a Leviathan, but also a Father Christmas of sorts, dabbling into every sphere and scope of governmental activity, not just as a lender of last resort, but as a full executing agency of government.
“The meeting observed that the CBN has become such an octopus that it threatens state governments publicly, without decorum, about sanctions on any attempt to question its Modus Operandi. The CBN should take immediate steps to halt the depreciation of the Naira.”
The forum called for the resignation of the chairman and members of Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) for failure to send the revised revenue allocation formula that will make more resources available to states and local governments where ordinary Nigerians reside, to President Muhammadu Buhari for onward transmission to the National Assembly for enactment.
The PDP governors, who also examined the suspension of Twitter in Nigeria, condemned the personalised reasons given for the action by the Presidency, and demanded a review of the action in national interest.
“The mere ego of Mr President is not enough for such a drastic action that deprives millions of Nigerians from such an affordable means of expression and communication. We hope that this is not a harbinger or early warning signs of descent into dictatorship.
“The meeting noted that social media regulation can only be done within the existing laws on the subject and should not be used as an attempt to punish or gag Nigerians from enjoying constitutionally guaranteed rights. Nigerian youths do not have adequate access to employment and a lot of Nigerians rely on Twitter for their livelihood, businesses and self-employment.
“This will further worsen Nigeria’s 33% unemployment rate which is the highest in the world, improve Nigerians ranking as the country with second highest poverty rate in the entire world, all of which happened under APC’s unfortunate stewardship.”
The PDP governors observed the emerging threats to the country’s democracy, constitutionalism and rule of law and cautioned the Federal Government to exercise power with restraint.
“The need for law and order is paramount to secure our nation but mindless killings of innocent civilians should be avoided and is hereby condemned. It is in the same vein that the meeting reiterated its earlier revulsion at any attack on security personnel and their property anywhere in the country as a criminal and egregious act for which perpetrators should be brought to book.”
The PDP governors noted with regret that President Buhari seem not to be aware that the coercive instruments of state security is firmly within his hands and not the governors, considering his recent media interview on the subject.
“The meeting reminded Mr. President that he has ultimate authority under the Constitution over security organisations, even though the states have a role to play. Cooperation and synergy between states and the Federal Government in security operations is critical in securing Nigeria. In any case, even though, police is on the Exclusive List, the states, as a practical matter spend huge sums of money to support the security agencies to carry out their duties. The need for an appropriate legal framework to involve the states in policing has become even more urgent by the day.”
The governors further reiterated the call for the National Assembly to expedite action in passing the Electoral Act and Constitution amendments to ensure restructuring and decentralisation of governmental powers and functions.
They extolled the virtues and achievements of Governor Udom Emmanuel for his prudence, and competence in the management of state resources.

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Tinubu Orders Fresh Push To Crash Food Prices

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President Bola Tinubu has ordered a Federal Executive Council committee to move swiftly on measures to further reduce food prices across the country.

 

The Minister of State for Agriculture and Food Security, Senator Aliyu Sabi Abdullahi, disclosed this in Abuja, on Wednesday.

 

According to him, the directive focuses on ensuring safe passage of farm produce across transport routes to cut logistics costs.

 

“The President has given a matching order with a Federal Executive Council committee already handling it on how we are going to promote safe passage of agricultural foods and commodities across our various routes in the country,” Abdullahi said at a capacity-building workshop for Senate correspondents.

 

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Nigeria, Africa’s most populous nation, has faced worsening food insecurity since the removal of fuel subsidy, high transport costs, and insecurity on major highways disrupted the movement of goods.

 

Despite government interventions, food remains largely unaffordable for millions.

 

The minister said the plan is tied to Tinubu’s broader vision of food sovereignty—beyond availability to ensure affordability, accessibility, and nutrition on a sustainable basis.

 

To back this up, he revealed that government is set to roll out a Farmer Soil Health Scheme to boost productivity and a revamped cooperative reform initiative to mobilise resources and empower rural farmers.

 

“Mr. President has shown tremendous interest in the cooperative sector as a veritable tool for resource mobilisation, for economic activity generation, and to improve the livelihood of members,” Abdullahi added.

 

The event, with the theme, “Parliamentary Reporting: Issues, Challenges and Responsibilities,” also featured Senate Media Committee Chairman, Senator Yemi Adaramodu; ex-presidential aide, Senator Ita Solomon Enang; and NILDS DG, Prof. Abubakar Sulaiman.

 

 

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Umahi Threatens Defaulting Contractors With EFCC Arrest

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The Federal Government has warned contractors, including foreign firms, that any breach of regulations in road projects awarded to them may lead to arrest by the Economic and Financial Crimes Commission  and the Independent Corrupt Practices and Other Related Offences Commission.

The Minister of Works, David Umahi, issued the warning during an inspection of the ongoing dualisation of the East-West Road (Section IIIA) from Eleme Junction to Onne Port Junction in Rivers State.

The section is being executed by Reynolds Construction Company (Nigeria) Limited.

Responding to questions from journalists, Umahi commended the quality of work on the project but expressed displeasure over the slow pace, stressing that the December completion deadline remains sacrosanct.

On the project, he said:“The quality of the work is excellent, but the pace of work is totally unacceptable. Let me make it very clear to the contractor that this project will neither be reviewed nor varied in price or claims.

“I’m sure we have issued over 10 warning letters to them. If they fail to comply with the completion deadline of December 15, we will not extend it.”

He added that the ministry had already put measures in place to enforce compliance

“The comptroller has negative certificates to issue, and I will recover the money from any of their other projects. All those letters are on record, and when the time comes, they will be invoked. Any contractor who refuses to abide by regulations will have the EFCC and ICPC to contend with,” he said.

Umahi further disclosed that the Federal Government had directed that road projects valued below N20bn would no longer be awarded to expatriate companies, in line with its “Nigeria First” policy aimed at strengthening indigenous capacity in the construction sector.

“This is part of the Nigeria First policy of the Federal Government. Henceforth, no expatriate firm will be awarded any project valued below N20bn. Such projects must go to indigenous companies, while expatriates focus on higher-value projects requiring more technical capacity,” he said.

The minister also noted that the Federal Ministry of Works had adopted a funding prioritisation framework to sustain road projects initially financed by the Nigerian National Petroleum Company Limited under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.

He stressed that President Bola Tinubu had directed that none of such projects should be abandoned, adding that priority would be given to critical economic corridors.

Umahi also decried the indiscriminate parking of heavy-duty vehicles on highways, saying it was damaging the pavements of completed sections of the road.

He said letters would be sent to state governors and the Inspector-General of Police to enforce punitive measures against defaulters.

Earlier, the Federal Controller of Works in Rivers State, Mrs Enwereama Tarilade, said RCC had completed 15km of the right carriageway and commenced work on the left carriageway, with one kilometre already laid in Continuously Reinforced Concrete Pavement.

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We’ll Support Federal University Environment And Technology – Ibas

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The Rivers State Government says it will  ensure the smooth and successful takeoff of the newly established Federal University of Environment and Technology (FUET), in  Ogoniland.

This commitment was made yesterday by the Administrator of Rivers State, Retired Admiral Ibok-Ete Ibas (Rtd), during a courtesy visit by the university’s Governing Council and Management team at the Government House, in Port Harcourt.

The high-level delegation was led by the Pro-Chancellor and Chairman of the Council, Professor Don Baridam and  the Vice-Chancellor, Professor Chinedu Mmom.

In his address, Administrator Ibas warmly congratulated the pioneer council and management on their appointments, describing their task as both a recognition of individual accomplishment and a historic call to duty.

“This is not just a recognition of your personal achievements but also a call to history to shape an institution that will have a profound impact on Rivers State, the Niger Delta, and indeed our country,” he stated.

The Administrator commended President Bola Ahmed Tinubu for the establishment of the specialized university in Ogoniland, describing the initiative as “timely and strategic.”

He emphasized that the university’s presence offers a critical opportunity to drive research, innovation, and community-focused solutions to the region’s pressing environmental and developmental challenges.

He further noted that the university’s core focus aligns perfectly with the priorities of his administration.“We consider this university not merely as another institution of higher learning but as a strategic partner in our collective effort to rebuild Rivers State under the ongoing state of emergency and beyond,” he affirmed.

Responding to specific requests presented by the delegation, Administrator Ibas assured the university of immediate support in critical areas essential for the its commencement.

These include the provision of operational vehicles, key facilities, and the completion of the access road to the campus, adding that other vital needs, such as perimeter fencing, refuse disposal, and the issuance of a Certificate of Occupancy, would be addressed within the framework of the state’s broader infrastructure and support programmes.

To ensure swift action, the Administrator directed the Secretary to the State Government (SSG) to work closely with the university’s Governing Council to prioritize the sequence of requests, particularly those tied to the commencement of academic activities in September 2025.

“Let me assure you that Rivers State Government will stand as a dependable partner to the Federal University of Environment and Technology. We see this university as part of our long-term investment in knowledge, innovation, and the future of our youths,” he emphasized.

In his remarks, the Pro-Chancellor and Chairman of the Governing Council, Professor Don Baridam, reaffirmed the university’s commitment to academic excellence, innovation, and community development.

He disclosed that the Federal Government has directed the institution to formally commence its academic session in September 2025, adding that preparations are in full swing to ensure a smooth take-off with adequate infrastructure and resources in place.

“Today’s meeting marks the beginning of a strategic partnership between the Rivers State Government and FUET, envisioned to establish the university as a premier hub for research, innovation, and sustainable development in the Niger Delta”, he said.

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