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Ogoni Clean-UP: Minister Solicits Youths, Communities’ Support As HYPREP Promises To Train 5,000

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The Minister of State for Environment, Chief (Mrs) Sharon Ikpeazor, has appealed to youths and communities in Ogoniland in Rivers State to always support the Federal Government and the Hydrocarbon Pollution Remediation Project (HYPREP) to speed up and effectively and seamlessly implement the United Nations Environment Programme (UNEP) Report on Ogoniland, as it concerns the clean-up project and provision of livelihoods to the people. This is even as HYPREP has promised to train additional 5,000 youths in the area.
Ikpeazor, who made the appeal during a one-day stakeholder engagement programme at the council secretariat of Khana Local Government Area in Bori on Monday, said the support of both the youths and communities in the area was needed to make the project work as well as enable the government and HYPREP work faster in improving the wellbeing of the people in the shortest possible time.
She disclosed that advertisement placements would soon be made for the construction of the Centre of Excellence in Ogoniland as contained in the UNEP Report, assuring that due process would be followed in the advertisement of projects and engagement of contractors for the execution of all HYPREP projects.
Ikpeazor further hinted that an environmental surveillance team, made up of Ogoni youths would also be put in place to provide security at remediation sites in Ogonniland, adding that the Federal Government was committed to training of Ogoni youths.
According to her, the government would ensure that other contaminated sites in Ogoniland not captured in the UNEP Report are included in the clean-up project so that the project would be truly owned by the people.
The minister further noted that the employment of casual workers by HYPREP to drive the clean-up project would be open and transparent, clarifying that HYPREP is not an agency but a project office which has no legal framework.
On his part, the Acting Project Coordinator of HYPREP, Prof Philip Shekwolo said 5,000 Ogoni youths would be selected for the forthcoming livelihood training programme, assuring that the project office was determined to provide potable drinking water to contaminated Ogoni Comminties, as 12 additional lots were on the verge of joining six contractors already selected by the office to ensure that the ongoing water project gets to impacted communities.
Shekwolo further promised that the Centre of Excellence project would come on stream in 2022, and thanked Ogoni indigenous doctors for anchoring the project office’s outreach medical programme recently carried out in the four Ogoni local government areas of the state.
Also speaking, the President of the Supreme Council of Ogoni Traditional Rulers, King Godwin Giniwa stressed the need for the establishment of the University of Environment in Ogoniland, adding that education of the people of the area was key to development, and appealed that the clean-up project should be made faster.
Former Rivers State Commissioner for Environment, Prof Roseline Konya urged HYPREP to ensure that Ogoni people benefit from the clean-up project by carrying along the women and the youths of the area.
Former President of the Movement for the Survival of Ogoni People (MOSOP), Barrister Ledum Mitee harped on the need for HYPREP to provide to the Ogoni people things that are sustainable instead of giving them what he described as mere handouts.
The Senator representing Rivers South East Senatorial District in the National Assembly, Senator Barry Mpigi commended the present leadership of HYPREP, stressing that the ongoing clean-up project was a national project which must be treated as such in all ramifications, adding that there was need to drive the project in such a way that it goes beyond the Muhammedu Buhari administration.
On his part, the Chairman of Khana Local Government Area, Dr Barinee Thomas, who spoke on behalf of other local government chairmen in Ogoniland, tacitly passed a vote of confidence on the present HYPREP leadership, and commended it for its humane disposition and serenity of purpose.
He, however , charged HYPREP to engage in deliberate actions to improve the wellbeing of Ogoni people as well as involve young Ogoni contractors in the execution of projects, saying “ All we want is result.”
The event was well attended by Ogoni sons and daughters including the state Commissioner for Agriculture and member, HYPREP Board of Trustees, Dr Fred Kpakol; Commissioner for Energy and Natural Resources, Dr Peter Medee; President of KAGOTE, Hon Emma Deeyah; former Secretary to Rivers State Government, Chief Kenneth Kobani; former Vice Chancellor of Rivers State University, Prof Barineme Fakae; among others.
The Director General of the National Oil Spill Detection and Restoration Agency (NOSDRA), Mr Idris Musa; and the Permanent Secretary, Federal Ministry of Environment, Mr. Hassan Musa were in the entourage of the Minister.
Ikpeazor visited the ongoing water project in Eleme and some remediated sites in the area.

By: Donatus Ebi

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FIRS Clarifies New Tax Laws, Debunks Levy Misconceptions

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The Federal Inland Revenue Service has said that Nigeria’s newly enacted tax laws are designed to strengthen economic competitiveness, attract investments, and improve long-term fiscal stability.
The agency also clarified that the much-debated four per cent development levy on imported goods is not a new or additional tax burden, but a streamlined consolidation of several existing levies.
According a statement released Wednesday, one of the most misunderstood elements of the new tax framework is the four per cent development levy with the agency explaining that the levy replaces a range of fragmented charges — such as the Tertiary Education Tax, NITDA Levy, NASENI Levy and Police Trust Fund Levy — that businesses previously paid separately.
This consolidation, it said, reduces compliance costs, eliminates unpredictability and ends the era of multiple agency-driven levies. The law also exempts small businesses and non-resident companies, offering protection to firms most vulnerable to economic shocks.
Another major clarification relates to Free Trade Zones. Earlier commentary had suggested that the government was rolling back the incentives that have attracted export-oriented investors for decades. However, the reforms maintain the tax-exempt status of FTZ enterprises and introduce clearer guidelines to preserve the purpose of the zones.
“Under the new rules, FTZ companies can sell up to 25 per cent of their output into the domestic market without losing tax exemptions. A three-year transition period has also been provided to allow firms to adjust smoothly.
“Government officials say the reforms aim to curb abuses where companies used FTZ licences to evade domestic taxes while competing within the Nigerian market”, it said.
With the new measures, Nigeria aligns with global FTZ models in places like the UAE and Malaysia, where the zones function primarily as export hubs for logistics, manufacturing and technology.
The introduction of a 15 per cent minimum Effective Tax Rate for large multinational and domestic companies has also been met with public concern. But the FIRS notes that this policy aligns with a global tax agreement endorsed by over 140 countries under the OECD/G20 framework.
Without this adoption, Nigeria risked losing revenue to other countries through the “Top-Up Tax” mechanism, where the home country of a multinational collects the difference when a host country charges below 15 per cent. By localising the rule, Nigeria ensures that tax revenue from multinational operations remains within its borders.
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CBN Revises Cash Withdrawal Rules January 2026, Ends Special Authorisation

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The Central Bank of Nigeria (CBN) has revised its cash withdrawal rules, discontinuing the special authorisation previously permitting individuals to withdraw N5 million and corporates N10 million once monthly, with effect from January 2026.

In a circular released Tuesday, December 2, 2025, and signed by the Director, Financial Policy & Regulation Department, FIRS, Dr. Rita I. Sike, the apex bank explained that previous cash policies had been introduced over the years in response to evolving circumstances.

However, with time, the need has arisen to streamline these provisions to reflect present-day realities.

The statement said the new set of cash-related policies is designed to reduce the cost of cash management, strengthen security, and curb money laundering risks associated with the economy’s heavy reliance on physical currency.

“These policies, issued over the years in response to evolving circumstances in cash management, sought to reduce cash usage and encourage accelerated adoption of other payment options, particularly electronic payment channels.

“With the effluxion of time, the need has arisen to streamline the provisions of these policies to reflect present-day realities,”

“Effective January 1, 2026, individuals will be allowed to withdraw up to N500,000 weekly across all channels, while corporate entities will be limited to N5 million”, it said.

According to the statement, withdrawals above these thresholds would attract excess withdrawal fees of three percent for individuals and five percent for corporates, with the charges shared between the CBN and the financial institutions.

Daily withdrawals from Automated Teller Machines (ATMs) would be capped at N100,000 per customer, subject to a maximum of N500,000 weekly stating that these transactions would count toward the cumulative weekly withdrawal limit.
The special authorisation previously permitting individuals to withdraw N5 million and corporates N10 million once monthly has been discontinued.

The CBN also confirmed that all currency denominations may now be loaded in ATMs, while the over-the-counter encashment limit for third-party cheques remains at N100,000. Such withdrawals will also form part of the weekly withdrawal limit.

Deposit Money Banks are required to submit monthly reports on cash withdrawals above the specified limits, as well as on cash deposits, to the relevant supervisory departments.

They must also create separate accounts to warehouse processing charges collected on excess withdrawals.

Exemptions and superseding provisions
Revenue-generating accounts of federal, state, and local governments, along with accounts of microfinance banks and primary mortgage banks with commercial and non-interest banks, are exempted from the new withdrawal limits and excess withdrawal fees.

However, exemptions previously granted to embassies, diplomatic missions, and aid-donor agencies have been withdrawn.

The CBN clarified that the circular is without prejudice to the provisions of certain earlier directives but supersedes others, as detailed in its appendices.

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Shippers Council Vows Commitment To Security At Nigerian Ports

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The Nigerian Shippers Council (NSC)has restated its commitment towards ensuring security at Nigerian seaports.
Executive Secretary/Chief Executive Officer of the Council, Dr Pius Akuta, said this in Port Harcourt, while declaring open a one day workshop organized by the Nigerian Shippers Council in collaboration with the Nigerian police( Marin Division).
Theme for the workshop was ‘Facilitating Port Efficiency; The strategic Role of Maritime police “
Akuta who was represented by the Director, Regulatory Services, Nigerian Shippers Council, Mrs Margeret Ogbonnah, said the workshop was to seek areas of collaboration with security agencies at the Ports with a view to facilitating trade
Akuta said the theme of the workshop reflects the desire of the council and the Nigerian police to build capacity of police officers for better understanding and administration of their statutory roles in the Maritime environment.
He said Nigerian seaports has constantly been reputed as one of the Port with the longest cargo dwell in the world, adding,”This is so, because while it takes only six hours to clear a containerized cargo in Singapore Port, seven days in Lome Port, it takes an average of 21 days or more in Nigerian Ports” stressing that this situation which has affected the global perception index on Ease of Doing Business in Nigerian seaports must be addressed.
Akuta said NSC which is the economic regulator of the Ports has the responsibility of ensuring that efficiency is established in the Ports inorder to attract patronages.
“Pursuant to its regulatory mandate, the NSC has been collaborating with several agencies to ensure the facilitation of trade and ease of movement of cargo outside the Ports to avoid congestion”he said.
Also speaking the commissioner of police, Eastern Port Command, Port Harcourt, CP Tijani Fakai, said Maritime police has played some roles in facilitating Ports efficiency.
He listed some of the roles to include ensuring security and crime prevention at the Ports, checking of illegal fishing activities at the Ports, checking of human trafficking and drug smuggling and prevention of fire incident at the Ports.
Represented by ACP, Rufina Ukadike, the CP said police at the Ports have also helped in the decongestion and prevention of unauthorized Anchorage.
He commended the Nigerian Shippers Council for the workshop and assured of continuous collaboration.
Speaking on the dynamics of cargo handling, Deputy Controller of customs, Muhydeen Ayinla Ayoola, said the launching of electronic tracking system and dissolution of controller General Taskforce has helped to ensure efficiency at the Ports.
Ayoola who represented the custom Area Controller Port Harcourt 1 Area command, however raised concerned over rising national security threat , which according to him has affected efficiency at the Ports.
John Bibor
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