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We’re Not Borrowing To Finance Projects, Wike Clarifies
The Rivers State Governor, Chief Nyesom Wike, has declared that his administration takes great care in executing its several development projects to completion stage without being indebted to any financial institution.
Speaking at the flag-off ceremony for the construction of Trans-Kalabari Road Phase 1 in Degema Local Government Area, yesterday, Wike reminded the people that even the governor of Central Bank of Nigeria (CBN) has attested to that position.
Wike stated that he is not borrowing to fund any project in the state and will definitely not do so to complete the Trans-Kalabari Road that is connecting Krakrama, Omekwe-ama, Angula-ama, Mina-ama and other communities in the Kalabari area.
“People are asking: where am I getting the money from? People are saying I’m borrowing money. If I borrow money to develop my place (state) is there any offense there? They that borrow, did they do the road? If I’m borrowing and doing the work, have I not done well?
“But in any case, I am not borrowing money. It is a matter of how you manage the resources of the people.
“So, I’m not owing any bank! I challenge any bank to say Rivers State Government is indebted to them. The only money we took for agriculture, which Central Bank gave us, N5billion, as I speak to you, we have not touched one Naira. The money is still in there.”
Wike recalled how in 2009, the previous administration in the state implemented a payment module that clearly showed its lack of interest in either constructing or completing the Trans-Kalabari Road that it awarded then.
According to Wike, no longer will anybody come to hoodwink Kalabari people with the promise of constructing Trans-Kalabari Road in the name of politics, because the phase one of the project will be completed in 2022.
“We have not only awarded the contract, we have awarded it in such a way that they (contractor) have nothing to do with us about funding.
“We have signed an irrevocable standing order where every month the contractor collects from the bank N1billion. So, as this month is ending, that’ll be the third billion they’ve collected.
“I’ve told you here that we’ve instructed the banks, take N1billion off from our IGR account every month and give to the contractor to do the project. So, we are not borrowing money from any bank.”
The governor expressed regrets that the previous administration in the state that received, at different times, N100billion and N46billion, was not well meaning and committed to executing the project.
According to Wike, what matters to his administration is what can be done with the privilege that the people have given to them.
The Chairman of Greater Port Harcourt Development Authority, Chief Ferdinand Anabraba, who performed the flag-off, said after a meeting with the governor, leaders of Kalabari nationality met at home and decided the road mapping of the phase one of Trans-Kalabari Road project.
“We are here with our heads raised her high, gathered here for a moments event. This laudable project was conceived 15yesrs ago, and it remained strong desire and aspiration. Luckily you came in and our dreams have come through.
“Although, this is just a flag-off, but with your style of project execution, we can go home believing that it is as good as completed.”
In his remarks, the Rivers State Commissioner for Works, Elloka Tasie-Amadi, said the Trans-Kalabari Road Phase 1 is a 13.599km road project, and it features one bridge and will connect several island communities to the mainland of the state via the existing Buguma/Degema/Abonemma Road.
“It will provide an economically viable alternative to marine transportation and further stimulate other developments in and around the area by easing the movement of goods, services and persons.”
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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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