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Youths Suspend Seven-Day Protest Over East-West Road …As FG Releases N7bn For Compensation, Begins Work

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Youths of Eleme Local Government Area of Rivers State protesting the bad section of the East-West Road, yesterday, suspended their protests against the Federal Government’s neglect.
The protest which lasted seven days had economic activities in the area grounded by the aggrieved youths.
The youths were demanding a Federal Government’s action on the failed portion of the road.
The suspension of the protest followed the arrival of the contractors at the site to commence repair works.
Addressing journalists at the protest ground, the Eleme Local Government Chairman, Obarilomate Ollor, who announced the suspension of the protest, warned that the youths will not hesitate to resume the protest if the Federal Government fails to live up to expectations.
“We had warned that this is supposed to be a warning protest, which has lasted for seven days, we do not intend to come back for this same issue, however, if the processes that have brought us out are not fulfilled within a reasonable time, then we have no option but to come back to this road.
“The Eleme people have suffered so much in the midst of plenty and we cannot rest and watch our people die when there is something we can still do.
“Today we have seen the equipment and the contractors have told me that they have been asked to commence work and payment is ongoing and today being August 1, 2021, I want to say that as the executive chairman of this local government local and the chief security officer, I hereby declare this protest suspended because we want to be sure that the project will be carried out to its completion.
“This is not the time for anybody to play gimmicks with the people of our local government”.
Meanwhile, the Federal Government had confirmed released the sum of N2.5billion for compensation to pave way for remedial works to be carried out on the deplorable Eleme-Onne section of the East-West Road.
The Minister of Niger Delta Affairs, Senator Godswill Akpabio, who made this known after a meeting with the management of RCC, the construction firm handling the projects, directed the firm to start work immediately.
By the directive, RCC was expected to have commenced work last Friday.
He, therefore, appealed to protesting Niger Delta youths to vacate section 3 of the East-West Road to enable contractors commence work.
According to him, “The essence of this protest is to draw the attention of the government to the road, now we are here allow us to commence work.”
Akpabio acknowledged that the youths were right to stage a protest over the delay.
The minister, who disclosed that the Federal Government has released additional N2.5billion for payment of compensation to property owners along the road corridor, regretted that the initial N4.5billion budgeted for compensation could not meet up with demands.
He disclosed that the Niger Delta Development Commission (NDDC) has also budgeted another N35billion to support the project, adding that the ministry has channelled funds met for over 304 projects into the East-West Road project.
He further disclosed that the ministry has proposed an extra-budgetary intervention for inclusion of the East-West Road Sections I-IV in the 2020 SUKUK Issuance Programme of the Ministry of Finance, Budget and National Planning and the Debt Management Office.
This, according to him, is part of the efforts made by the ministry to access adequate funding for the completion of the East-West Road project.
The minister explained that the initial contracts for dualization of the 338km road linking Warri to Oron through Kaiama, Ahoada, Port Harcourt, Ogoni and Eket Townships (Section I-IV), was initially awarded in four sections to four different contractors in 2006.
“It is well known that Section I (Warri-Kaiama covering Ch. 0+000-Ch. 87+400) and Section III (Onne Port Junction – Eket covering Ch. 15 + 000 – Ch. 99 + 000) have been duly completed by Messrs Setraco Nigeria Limited and Messrs RCC Nigeria Limited, respectively”, he added.
He maintained that the Section IIIA (Port Harcourt-Onne Road Junction), covering Ch. 0 + 000 – Ch. 15 + 000 was not part of the contract initially awarded in 2006 because it was in good condition, having been dualized earlier, noting that “over time, the Port Harcourt – Onne Port Junction portion had progressively deteriorated as a result of heavy axle loading, flooding and is no longer serviceable for the current traffic volumes.
“Therefore, the ministry had to award the contract for additional works to Messrs RCC Nigeria Limited to upgrade the Port Harcourt-Onne Port Junction”.
He further stated that due to poor annual budgetary provisions, the contract for upgrading of Section IIIA awarded in 2014 could not commence until the ministry paid the contractors the full mobilization advance in 2020.
“The condition of the road deteriorated during the period of delay, and there has been serious encroachment on the right-of-way initially delineated for the road.
“With the review of the initial contract scope of works and contract unit rates imperative, specific measures for addressing the contingent site conditions militating against the progress of work were scheduled by the ministry.
He said these include the initial design for interchange bridges at Onne Junction which is to be substituted with a flyover bridge, but due to space constraints caused by the newly constructed power sub-station which cannot be relocated due to higher cost implication.
“A new flyover bridge has also been designed to replace the interchange bridge initially designed for Refinery Junction amongst others.”
The minister further reiterated the commitment of the present administration led by President Muhammadu Buhari to complete the East-West highway dualisation project by 2022.
Reacting to the development, the people of Eleme and Ogoni communities in Rivers State decried the release of N2.5billion for compensation to reconstruct the Eleme section of the dilapidated East-West Road.
The President General, Ogoni Youths Federation, Comrade Legborsi Yamaabana, expressed mixed feelings over the release of the money for the payment of compensation to property owners along the East-West Road.
Yamaabana said, “Releasing the part payment for compensation is not only diversionary but a grand attempt by Senator Godswill Akpabio to hoodwink and deceive the protesting youths to withdraw from the road.
“The aim of the five-day-old mother of all protests remains at the forefront, which is the demand for the reconstruction of the entire stretch of the deplorable Ogoni axis of the East-West Road (Eleme junction to Onne).
“We expect the Federal Government to display good faith and mobilise contractors handing the road project to site to implement our demand and stop playing to the gallery”, he said.
The Chief Press Secretary to the Executive Chairman, Eleme LG Council, Ate Chinwi, said the people wanted a complete reconstruction of the road and not remedial work.
Chinwi said the Federal Government’s approval was merely a statement without the details provided about the work to be done.
“Right now, we are quite sceptical and are observing. This is just a statement issued by the Minister of Niger Delta Affairs, Senator Godswill Akpabio. But we don’t know the scope of work to be done and how realistic this is.
“So, RCC (the contracting firm) will have to come and if the minister can also avail himself, let us sit down and look at what is to be done and how to sustain it. We don’t need remedial work anymore.
“You and I know we have had remedial work on that road before and it still goes bad. So, pending a formal engagement, the Eleme local government chairman, who is the chief security officer, the (local government) area will issue a statement.
“For now, the RCC has to come down. The community wants to see them physically and have some kind of engagement with them to ascertain the scope and the level of commitment they have to sustain what they want to start,” he added.

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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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