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Make Army Strongest In Africa, Wike Urges FG

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The Rivers State Governor, Chief Nyesom Wike has challenged the Federal Government on the need to strengthen the combat capability of the nation’s Army.
The governor said the goal of such investment should be to make the Nigerian Army the strongest and the best in Africa.
Wike gave the challenge while delivering a keynote address at the Nigerian Army Combat Support Arms Training Week 2021, christened, “COSAT WEEK 2021”, in Port Harcourt, yesterday.
The governor spoke on the theme of the event entitled, “Building capacity of the combat support arms towards optimising the utilisation of indigenous technology in support of Nigerian Army operations.”
According to Wike, there should be increased commitment to national defence with robust security budgetary allocation that would engender adequate mobilisation of resources to support the implementation of strategic initiatives in developing indigenous defence technology.
“All over the world, countries are rapidly modernizing their armies, increasing their weapon systems lethality and strengthening the efficiency and combat readiness in response to the increasingly changing nature of the modern times battlefields.
“Nigeria cannot be different if we are interested in having a military force that can easily deter external aggression, meet our international and regional military objectives as well as defeat internal insurrections and existential threats to national security.
“Our national strategic goal in this regard therefore, should be, to create and have an entirely self-reliant defence industrial sector that is driven substantially by local technological inputs that meet the needs for assembling modern military weaponry, equipment, including missiles and other combat capabilities.
“Nothing should, therefore, be spared by the Federal Government to build the most modern and strongest Army in Africa and restore our country and the black race to the position of strength, pride, and prosperity.”
Wike noted that the Nigerian Army, since its formation, has worked so hard with other components of the armed forces, to defend the sovereignty, territorial integrity and internal security of Nigeria.
According to Wike, aside the challenges of political crisis of the first republic, the 30-month needless civil war that would have made Nigeria relics of history, Boko Haram has remained a huge threat over a decade now.
“Consequently, countries whose superior military technologies are better placed to outperform others, and win the battle than others who do not have, and have to depend on the support from the advanced countries.
“Unfortunately, Nigeria is among the countries that are currently lagging behind advancements in science, technology, and innovation.”
Speaking further, Wike asserted that the quality, operational capacity and competence of Nigerian Armed Forces is contingent on the ability to provide impregnable fortress and safeguard to the sovereignty, security, development and the interest of Nigeria.
He said that as a government, great satisfaction is taken in the presence of the Army in Rivers State defending the foundations of Nigeria, the nation’s democracy, securing lives and property similar to what they do across the country.
“That is why we have always been available to render whatever support we can give to advance the professional capability of the armed forces to perform its external and internal constitutional duties, both within and outside Rivers State.
“As a matter of fact, the 11 new armoured-plated gun boats we recently committed to procuring for the Army and Navy formations in the state are underway.
“We will soon invite the Chiefs of Army and Naval Staff to come over and take physical possession of these boats as part of our contributions to strengthen their offensive and defensive operations capabilities on our waterways.”
Declaring the COSAT WEEK 2021 open, the Chief of Army Staff, Lt-Gen Farouk Yahaya said the training week was an avenue for participants to brainstorm and re-strategise towards providing effective support to all operations of the Nigerian Army.
According to him, one of the key enablers to the recorded success in their operations was the undaunted support of the Combat Support Arms in providing effective counter-insurgent operations in the North-East as well as other operations across the country.
“I am glad to observe that the significant progress made by the Combat Support Arms in patronising local vendors. A case in point is the domestication of production of some of our equipment currently deployed for operational use.
“This, alongside other innovations and inventions, has further enhanced the Nigerian Army’s capacity and capability at defeating the adversary.”
In his welcome address, the Corps Commander Signal, Maj-Gen Abiodun Owolabi, expressed optimism that the 2021 Combat Support Arms Training Week would contribute significantly to achieving the vision of the Chief of Army Staff’s vision of building a professional Army that is ready to accomplish assigned missions within a joint environment in the defence of Nigeria.

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Tinubu Signs Four Tax Reform Bills Into Law …Says Nigeria Open For Business 

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President Bola Tinubu yesterday signed into law four tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.

The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.

The ceremony took place at the Presidential Villa, yesterday.

The ceremony was witnessed by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.

The presidency had earlier stated that the laws would transform tax administration in the country, increase revenue generation, improve the business environment, and give a boost to domestic and foreign investments.

“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Special Adviser to the President on Media, Bayo Onanuga said on Wednesday.

Before the signing of the four bills, President Tinubu had earlier yesterday, said the tax reform bills will reset Nigeria’s economic trajectory and simplify its complex fiscal landscape.

Announcing the development via his official X handle, yesterday, the President declared, “In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.”

Tinubu made a call to investors and citizens alike, saying, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”

He described the bills as not just technical adjustments but a direct intervention to ease burdens on struggling Nigerians.

“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu wrote.

According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”

He added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency.

The tax reforms, first introduced in October 2024, were part of Tinubu’s post-subsidy-removal recovery plan, aimed at expanding revenue without stifling productivity.

However, the bills faced turbulence at the National Assembly and amongst some state governors who rejected its passing in 2024.

At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed.

They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.

After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax.

By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.

In his tweet, Tinubu stressed that this is just the beginning of Nigeria’s tax evolution.

“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.

“A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” he stated.

He further acknowledged the contributions of the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigeria’s subnational governments.

The President added, “We are not just signing tax bills but rewriting the social contract.

“We are not there yet, but we are firmly on the road.”

 

 

 

 

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Senate Issues 10-Day Ultimatum As NNPCL Dodges ?210trn Audit Hearing 

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The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.

Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.

However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.

Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.

A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.

It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.

The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.

“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.

“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”

But lawmakers rejected the request.

The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.

“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.

“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.

Other lawmakers echoed similar frustrations.

Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.

The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.

Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.

Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”

Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.

The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.

Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.

The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.

 

 

 

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17 Million Nigerians Travelled Abroad In One Year -NANTA 

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The National Association of Nigerian Travel Agencies (NANTA) said over 17 million Nigerians travelled out between 2023 and 2024.

This is as the association announced that it would be organising a maiden edition of Eastern Travel Market 2025 in Uyo, Akwa Ibom State capital from 27th to 30th August, 2025.

Vice Chairman of NANTA, Eastern Zone, Hope Ehiogie, disclosed this during a news briefing in Port Harcourt.

Ehiogie explained that the event aims to bring together over 1,000 travel professionals to discuss the future of the industry in the nation and give visibility to airlines, hospitality firms, hospitals and institutions in the South-South and South-East, tagged Eastern Zone.

He stated that the 17 million number marks a significant increase in overseas travel and tours.

According to him, “Nigerian travel industry has seen significant growth, with 17 million people traveling out of the country in 2023”.

Ehiogie further said the potential of tourism and travel would bring in over $12 million into the nation’s economy by 2026, saying it would be a major spike in the sector, as 2024 recorded about $4 million.

“The potential of tourism and travel is that it can generate about $12 million for the nation’s economy by 2026. Last year it was $4 million.

“In the area of travels, over 17 million Nigerians traveled out of the country two years ago for different purposes. This included, health, religious purposes, visit, education and others,” Ehiogie said.

While highlighting the potential of Nigeria’s tourism, he said the hospitality industry in Nigeria has come of age, saying it is now second to none.

The Vice Chairman of NANTA, Eastern Zone further said, “We are not creating an enabling environment for business to thrive. We need to support the industry and provide the necessary infrastructure for growth.”

He said the country has a lot of tourism potential, especially as the government is now showing interest in and supporting the sector.

Ehiogie emphasized that NANTA has been working to support the industry with initiatives such as training schools and platforms for airlines and hotels to sell their products.

He added, “We now have about four to five training schools in the region, and within two years, the first set of students will graduate. We are helping airlines sell tickets and hotels sell their rooms.”

Also speaking, former Chairman of the Board of Trustees of NANTA, Stephen Isokariari of Dial Travels, called for more support from the industry.

Isokariari stated, “We need to work together to grow the industry and contribute to the nation’s Gross Domestic Product.

“With the right support and infrastructure, the Nigerian travel industry has the potential to make a significant contribution to the nation’s economy.”

 

 

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