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TSA: NASU Alleges 25% Deduction From NECO’s Account
The Non-Academic Staff Union of Educational and Associated Institutions (NASU) has written the Minister of Education, Malam Adamu Adamu, opposing alleged 25percent deduction from the Treasury Single Account (TSA) of the National Examinations Council (NECO) by the Federal Government.
NASU, in a letter to the minister, called for an immediate end to the deductions, failure of which it threatened to embark on strike.
In the letter signed by NECO branch Secretary, Comrade Reuben Emdin, and made available to journalists, yesterday, the union lamented the deduction, saying it was having adverse effects on financial strength.
While saying the exam body is not a revenue generating agency, the union appealed to the minister to prevail on President Muhammadu Buhari to approve the immediate stoppage of the 25per cent deduction and ensure refunds to clear outstanding entitlement and allowances owed NECO staff.
The letter dated March 23, 2022 read in parts: “As critical stakeholders in the National Examinations Council (NECO), we are compelled to notify you formally of a 25percent deduction currently enforced by the Federal Government on the Treasury Single Account (TSA) of the council since the year 2021.
“Honourable Minister, we are not unmindful of the fact that this issue has already been brought before you by the council and your effort towards a resolution which led to a presidential intervention on behalf of the council that allowed for the release of the Senior Secondary Certificate Examination (Internal) 2021.
“Our position, however, is that the National Examinations Council (NECO) would not require any kind of intervention from the Federal Government if the 25percent deduction was not carried out in the first place.
“More so that this policy is clearly crippling the activities of the council and its ability to carry out its mandate. As a union, we are concerned about the survival of our institution and the welfare of our members, clearly this policy has become a threat to both.
“As such, we can no longer sit and remain silent in the face of an apparent danger to our source of livelihood. The fact that today we have a series of unpaid promotion arrears dating back to 2017, unpaid salaries as a result of migration to IPPIS between the months of March to August 2015, unpaid transfer allowances for a number of years, all of which the council has not been able to pay, we see no reason why this policy should continue.
“In addition, you may wish to recall that the President and Commander-in-Chief of the Federal Republic of Nigeria, President Muhammadu Buhari recently approved the upward review of the Duty Tour Allowance (DTA) for all Civil Servants of the Federation effective February 1, 2022.
“NECO is presently not in compliance with this circular as a result of the paucity of funds occasioned by this 25percent being deducted from its TSA account.
“Honourable Minister, the National Examinations Council (NECO)is not a revenue generating agency and pursuant to the act creating the body, it is to function among other things as a social service provider to the public.
“It is, therefore, disheartening that this agency of government who just a few years ago reduced its fees to act as a cushion for the populace in all its examinations to the glory of this present administration is today been run aground by the same administration.
“The union resolve as follows:1. That the Honourable Minister as a matter of urgency prevail on President Muhammadu Buhari to approve the immediate stoppage of the 25percent deduction from NECO and all other examination bodies in the country.
“2. This union demands that the Honourable Minister sees to the refund and payment of all outstanding entitlement and allowances owed to staff of the National Examinations Council (NECO). This is something the Union has fought relentlessly over in the past couple of years and wants to be brought to an end.
“3. That failure to bring this 25percent deduction and payment of the above stated outstanding entitlements and allowances owed staff would leave this Union with no choice but to take its destiny in its own hands, by commencing the processes of declaring an industrial action in the council.
“The Honourable Minister is invited to note that this letter is written in the overall interest of the welfare of our members and sustaining industrial harmony within the National Examinations Council (NECO).”
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
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
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
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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