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We’ll Recover Every Looted Fund In NDDC, Prosecute Culprits, Buhari Assures Nigerians

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President Muhammadu Buhari, yesterday, in Abuja, said the forensic audit of the Niger Delta Development Commission (NDDC) was being reviewed, with a view to recovering every kobo that is recoverable.
He also gave assurance that those found culpable would face the law.
Speaking at the virtual commissioning of the NDDC Prototype Hostel at the University of Uyo, Akwa Ibom, the president said it was regrettable that the special development fund of the entire region was squandered by a few for more than 20 years, leaving many in penury.
“The Niger Delta Development Commission needs to demonstrate that it can achieve the objectives it was conceived for and make its impact felt all over the Niger Delta region. The lives of the people of the Niger Delta could be so much better, if the funding received by this commission since its inception, in billions of naira over the last 20 years, have been judiciously deployed in service of the people.
“The serial abuse, lack of delivery and what had become an entrenched institutional decay, are the reasons why I called for the forensic audit.
“Therefore, going forward, we shall ensure every recoverable kobo, is recovered for use in service of the people of this region and those found culpable shall face the law.
“Consequently, I want to use the opportunity of this commissioning to direct all statutory contributors to the NDDC to remit all outstanding funds to the commission, and to ensure this is done transparently and according to laid down procedure and process,” he said.
Buhari directed that all abandoned projects that directly impact the livelihood of the people should be revived and completed.
“When I directed the Minister of Niger Delta Affairs to institute a forensic audit of the commission, after many representations by major stakeholders in the Niger Delta, I had also directed that all viable projects which had been abandoned, but which would impact positively on the lives and livelihoods of the people, be immediately revived and completed.”
Buhari noted that the contract for the building of 1,050 capacity hostel for male and female students was awarded in 2004, and like many others, it was abandoned.
“This prototype university hostel consists of 1,050 bed spaces, 525 each for males and females, and is furnished to meet the needs of a university student. The complex also boasts of significant hard and soft infrastructure to ensure its sustainability and durability.
“The completion of this structure is equally in recognition of the importance government attaches to providing quality housing and improved education for all Nigerians.
“It is, therefore, another important proof that this administration is committed to satisfying the needs of the people, throughout Nigeria, and fulfilling their expectations. Government must continue in its efforts to serve the people, by providing amenities, as well as the enabling environment for scholarships, investments across all sectors, for sustenance of the environment, and overall growth of the economy.
“Significant part of this success story is that it could easily not have happened. The contract for this hostel was awarded as far back as 2004. It was one of many projects abandoned across the Niger Delta region, but which I directed the Minister of Niger Delta Affairs, Sen. Godswill Akpabio, to expeditiously complete and put to use,’’ the president added.
The president said across many public universities and institutions of higher learning children face accommodation challenges, while private investors were taking advantage of the gap to provide accommodation, unfortunately tasking the resources of parents and guardians.
“Many of them are located far away from school premises and come with their own peculiar challenges. It is good that such an infrastructure gap is being addressed, by providing accommodation for students that would be affordable, well built, and in a secure environment,’’ he said.
The president noted that the Vice President, Prof. Yemi Osinbajo, on his behalf, commissioned the Special Protection Unit, Base 6 Barracks in Omagwa, Rivers State, which was built and donated by the Niger Delta Development Commission to the Nigeria Police Force.
“Firstly, and as stated at that occasion, the complex is part of a crucial component of the major reform we are undertaking with the Nigerian Police Force. While we are working to increase the number of police personnel, within set yearly targets, and re-equip personnel, both in personal gear and hardware, accommodation remains an important feature of that reform. Indeed, it showed that we can alleviate the accommodation challenges of senior security personnel in order to enhance security in the region.
“Secondly, this singular intervention demonstrates that NDDC understands the importance of government’s effort at improving the lives and livelihoods of our police officers, in line with my directive that building of barracks for men and women of the police force should be done in collaboration with the special housing effort of the Family Home funds.’’
In his remarks, Minister of Niger Delta Affairs, Senator Godswill Akpabio, said the completion of the NDDC headquarters complex and other projects clearly showed the president’s commitment to improving the livelihood of people in the Niger Delta.
“President Buhari is focused on development of Nigeria and the Niger Delta.
“The president wants to ensure that by the time he leaves office, the NDDC is repositioned to live up to the expectations of the founding fathers,’’ he added.
The Sole Administrator of NDDC, Mr. Effiong Akwa, thanked the president for always honouring the institution by commissioning three projects in a year.
“The three projects have one thing in common, they were all abandoned before the forensic audit,’’ he added.
The Vice Chancellor of the University of Uyo, Prof. Nyaudoh Ukpabio Ndaeyo, and the student union also appreciated the president for the intervention, with presentation of awards.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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