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Rivers Ranks Third In IGR

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Rivers State has recorded N57.3billion, representing -11.2 percent to clinch the third position in the Internally Generated Revenue (IGR) index of the 36 states and the Federal Capital Territory (FCT) for the half-year running from January through June, 2021.
This means that the state dropped by 11.2percent from its record in the last assessment by the Nigeria Bureau of Statistics (NBS).
In the Annual State Viability Index (ASVI) 2020, Rivers ranked second, generating N117,189,729,245.29, representing 58.9per cent of Federation Account Allocation grossing N198,872,359,463.64.
The total revenue generated over the six-month period amounts to N849.2billion, representing an increase of +38.5per cent half-year year-on-year.
A breakdown shows that the North-East generated N42.9billion; North-West N79.1billion; South-Eat N52.2billion; North-Central N133.3billion; South-South N156.2billion; and South-West N385.4billion.
Maintaining the top spot is Lagos with N267.2billion, representing +30.7per cent in the 2021 half-year year-on-year report; and quickly followed in the second place by the FCT, which raked in a cumulative N69.1billion for the same period.
In the ASVI 2020 report, Lagos hit top spot in IGR with N418,988,587,897.11, representing 139.9per cent of FAA, grossing N299,574,277,490.98; while FCT generated N92,059,700,897.42, representing 306.8per cent of gross FAA at N30,003,717,459.53.
Ogun generated N54.8billion, representing increase of +131.5percent; Delta N41.9billion, representing increase of +36.0per cent; Kaduna hit N26.4billion, representing a rise of +81.6per cent; while Oyo generated N25.2billion, representing an increase of +41.7per cent over the period under review.
Between January and June, 2021, Akwa Ibom generated N18.1billion, up +11.6per cent; Ondo hit N17.9billion, up +31.8per cent; Edo got N17.6billion, an increase of +25.9per cent; and Kwara scooped N16.1billion, representing +70.7per cent year-on-year.
While Kano dropped in revenue generation to N15.1billion, representing -14.0per cent; other states such as Cross River got N14.8billion, representing an increase of +83.3per cent; just as Plateau raised its revenue generation capacity to N14.5billion, representing +53.9per cent for the six-month period.
Also, Enugu hit N14.1billion, representing +15.3per cent; Osun got N13.7billion, representing +52.6per cent; Anambra raked in N12.8billion, representing +33.8per cent; while Imo generated N9.99billion, representing +29.2per cent year-on-year record.
Other states that recorded upward revenue swing are Borno, which got N9.81billion, representing an increase of +82.4per cent; Kogi with N9.61billion, representing +29.3per cent; Nasarawa, with N9.50billion, representing +61.1per cent; Bauchi, with N9.47billion representing +64.6per cent; and Jigawa with N9.33billion, representing a dramatic upswing of +210.3per cent, year-on-year account.
Sokoto got N8.41billion, representing +82.9per cent; Zamfara N8.40billion representing +18.6per cent; Niger N7.93billion representing +97.3per cent; Ebonyi N7.75billion representing +22.5per cent; Abia N7.55billion representing +22.0per cent; and Katsina N7.49billion, representing +35.3per cent.
In the same six-month revenue generation profile, Kebbi squeezed in N7.66billion representing +67.2per cent; Benue N6.71billion representing +25.5per cent; Ekiti N6.59billion representing +105.5per cent; Bayelsa N6.42billion representing +19.1per cent; Adamawa N6.09billion representing +62.3per cent; Gombe N5.44billion representing +43.6per cent; Taraba N4.77billion representing +17.6per cent; and Yobe N4.03billion representing +2.7per cent.
Statistics reveal that only two states: Rivers and Kano recorded drop in revenue generation with the six-month period; while 34 states and FCT witnessed increase in generation capacity.

By: Nelson Chukwudi

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DHQ Confirms Deaths Of Terrorists, Soldiers In Borno Attack

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The Defence Headquarters has confirmed that terrorists and military personnel were killed when insurgents launched a coordinated attack on the 29 Task Force Brigade Headquarters in Benisheikh, Borno State.

The military, however, did not confirm or debunk reports that the Commander of the 29 Brigade, Brigadier General Oseni Braimah, was among those killed in the incident.

The Defence Headquarters in a statement by the Director, Defence Media Operations, Major General Michael Onoja, yesterday, said the attack occurred at about 12:30am yesterday when insurgents attempted to breach the defensive perimeter of the military installation.

He said troops of Operation HADIN KAI, led by the brigade commander, responded with “exceptional courage, professionalism, and superior firepower,” forcing the attackers to retreat.

“In continuation of the Armed Forces of Nigeria’s counter-terrorism efforts, troops of the 29 Task Force Brigade in Operation HADIN KAI came under a coordinated terrorist attack on their location at the Brigade Headquarters in Benisheikh, Borno State.

“However, the troops, led by the Commander 29 Brigade, Brigadier General Oseni Braimah, responded with exceptional courage, professionalism, and superior firepower. In a well-coordinated counteraction, the insurgents were decisively engaged and forced to retreat in disarray, abandoning their mission, ”the statement partly read.

The Defence Headquarters described the attack as a sign of desperation by insurgents who had suffered significant losses in recent military operations.

“This attack is a clear indication of the desperation of terrorist elements who, having suffered significant losses in recent operations, continue to resort to futile and ill-fated offensives against well-defended military positions,” the statement added.

The military acknowledged that the encounter resulted in casualties among troops, but did not confirm or debunk reports that the Commander of the 29 Brigade, Brigadier General Oseni Braimah, was among those killed in the incident.

“Regrettably, the encounter resulted in the loss of a few brave and gallant soldiers who paid the supreme price in the line of duty. The Chief of Defence Staff honours their heroism, sacrifice, and unwavering commitment to the defence of the nation,” the statement noted.

It added that the High Command had extended condolences to the families of the fallen personnel and urged the public to avoid spreading unverified information, especially on social media.

The Defence Headquarters also disclosed that clearance operations were ongoing to track fleeing insurgents and prevent them from regrouping.

“The Armed Forces of Nigeria, in collaboration with other security agencies and stakeholders, remain resolute and undeterred in the ongoing fight against terrorism and insurgency. Additional clearance and exploitation operations are ongoing in the general area to track and neutralise fleeing insurgents,” the statement said.

The incident follows a pattern of rising attacks in the region in which residents and security personnel have lost their lives.

 

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Decentralizing Pipeline Surveillance Poses Greater Dangers To Niger Delta …. Group Warns

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A group of Eminent persons from the Niger Delta region under the aegis of The Niger Delta Watch Dog has warned the Federal Government against yielding to the call to decentralize pipeline surveillance in the region.

The Eminent persons who said this in a press release made available to newsmen in Port Harcourt said those calling for decentralization of pipeline surveillance are ignorant of the dangers it poses to the peace and stability of the Niger Delta.

.They argued that the proposal poses significant risk to the peace security and economic stability of the region.

According to the release” While decentralization is often perceived as a means of promoting inclusivity and local participation, in this specific context it poses significant risks to peace, security, and economic stability.

It further said”evidence from community dynamics across the region suggests that decentralization will cause more harm than good, leading to increased conflict, fragmentation of authority, and heightened threats to critical national infrastructure.
“By contrast, the centralized model currently implemented by Tantita Security Services under the leadership of Government Ekpemupolo Tompolo has demonstrated measurable success in stabilizing the region, reducing conflict, and safeguarding Nigeria’s economic lifelines”

While describing the Niger Delta region as the backbone of Nigeria oil and gas, it added that any changes in policy will lead to crisis in the region.

“The Niger Delta region remains the backbone of Nigeria’s oil and gas industry, hosting extensive pipeline networks that are vital to national revenue and economic sustainability.

“Given the sensitive nature of this infrastructure, the framework through which pipeline security is managed must prioritize stability, coordination, and conflict prevention.

“Any policy shift particularly toward decentralization must therefore be carefully evaluated in light of the region’s socio-political realities”
It said
The release jointly signed by Chief Idowu Asonja ,Ellington Pokumo the Public Relations officer of the group Comrade Douye kojo Isoun and others,

said decentralization will lead to escalation of Inter-Community land dispute, intensifies rivalry between groups as well as heightens the struggle against Territorial control among others.

“Decentralizing pipeline security will likely intensify existing disputes between neighbouring communities as many communities in the Niger Delta have been involved in conflicts over Land ownership and territorial boundaries as well as Control of natural resources and

“Claims over oil pipelines passing through their territories” adding
“Such instability not only disrupts social harmony but also directly endangers pipeline infrastructure, increasing the risk of vandalism, sabotage, and production losses”

It said the gains recorded so far by the present centralization policy should be preserve as any shifts could wrecked havoc in the region.

“Any policy shift must preserve these hard-earned gains. At this time, decentralization presents a significant risk, while the current system continues to offer stability, security, and economic assurance for the nation.

“It is therefore strongly advised that the Federal Government of Nigeria carefully scrutinize and ultimately disregard calls for the decentralization of pipeline security contracts. “Available evidence and prevailing realities suggest that such calls may not be driven by the broader national interest, but rather by narrow, self-serving agendas that could reignite conflict within the region, this we know the Government does not need” the group said

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RSIPA DG Unveils New Rivers Investment Pathway At BRACED Commission

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The Director-General of the Rivers State Investment Promotion Agency (RSIPA), Dr. Chamberlain Peterside, has used the platform of the revived BRACED Commission to unveil investment opportunities and plans in Rivers State.

 

The BRACED Commission just bounced back and has already held a roundtable in Port Harcourt preparatory to an economic summit in the near future.

The roundtable featured the investment promotion agencies of the cooperating states: Bayelsa, Rivers, Akwa Ibom, Cross River, Edo, and Delta states.

Dr Peterside not only chaired the roundtable but made presentations for Rivers State economic landscape.

He hailed the rebound of the BRACED Commission which did well at the onset. “The governors of the region were one and united for one cause. Then, politics came and everything scattered. The agenda is simple, to integrate the economy of the region into one strong bloc.”

He admitted that Rivers State’s investment promotion agency is very young, plus six months in the limbo of state of emergency. “This thus is a very unique opportunity to get resurgent momentum.”

He listed the achievements of RSIPA in the short period since its establishment, saying it has received numerous investment proposals.

“We’ve engaged actively with the private sector, both those currently operating in the state and those intending to invest. We do realize the fact that investment begins from domestic investors. and you have to guide them.

“Through outreach programmes and establishment of a One-Stop-Center (OSC), we have created a streamlined system for addressing investor needs, supporting their business operations. For the first time in Rivers State, prospective investors and small and medium enterprises now have a centralized hub that can address their challenges and find solutions that enable them to thrive.”

He outlined the plans ahead thus: “One of our cardinal focuses at RSIPA is to enhance the operating climate and improve the ease of doing business.

“We are committed to creating a vibrant and business-friendly environment that attracts and retains investment. We are also working closely with other ministries, departments, and agencies to harmonize our activities.

“Collaboration for us is key; we see Rivers State as a single ecosystem where all stakeholders work together to support investment inflow and build a favorable environment for businesses to flourish.”

For the region, he lamented the situation whereby “the carpet is shifting under our feet. The IOCs (international oil corporations) have moved offshore. The issue before us now is how should the region act now. We should target big ticket investment proposals. This is because some proposals will involve other states. There is thus need to collaborate.”

He gave examples of projects that cannot be for one state. “Railway system is not for one state. At the moment, there is no railway line that links Benin to Port Harcourt to Calabar. BRACED can push this agenda.

“There is an oil route from Opobo to Akwa Ibom where Sterling Oil is operating. It’s a route of interest. Governor Sim Fubara wants us to synergise with other states economically. The best time is now because all the governors are now in one political party.”

He called on all the agencies in the BRACED states to sell the idea to their governors.

“Let the governors know that BRACED task is not a competition but as a collaboration. We have the Niger Delta Development Commission (NDDC), the South-South Chambers of Commerce, Industry, Mines and Agriculture (SSCCIMA), the Niger Delta Chambers of Commerce, Industry, Trade, Mines, and Agriculture (NDCCITMA), etc. This is the ripest time to strike the iron.”

The Director General of the Bayelsa Investment Promotion Agency (BIPA), Mrs. Patience Ranami Abah, also shook the floor when she presented what she termed ‘Closing the Value Capture Gap’.

She showed how the states will win bigger by playing together to present an economic front.

David Franklin, a deputy director, who represented the Permanent Secretary, Federal Ministry of Industry, Trade, and Investment, Abuja, said investment in people is the beginning of prosperity.

“The South-South is the hub of power of Nigeria due to the hydrocarbon industry, blue economy, agriculture, tourism, etc.”

The Director General, BRACED Commission, Amb.Joe Keshi, in his welcome remarks, said the roundtable was themed around synchrosnising investment frontiers in a strategic framework for south-south economic integration.

The roundtable ended with a communique that recommended setting up a monitoring committee, and other organs to drive integration and investment.

Some of the key resolutions in the Communique issued at the end of the two-day symposium included the call for a BRACED Investment Promotion Charter with a harmonized Regional Investment Promotion Framework and a roadmap.

The Communique called for infrastructure alignment, uniform economic reforms, human capital development plan, and a technical oversight group.

The communique urged state governments, investors, and development partners to collaborate in transforming the BRACED states into a beacon of economic dynamism.

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