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Sign Federal Road Bills Into Law, Expert Urges Buhari 

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Unsettled with series of setbacks suffered in the passage of the Federal Road Bill, and National Road Fund, an expert,  Engr. Charles Omordu, has urged President  Muhammadu Buhari to sign the National Road Fund and Federal Road Bills into law.
Omordu, former Director of Engineering in the Rivers State Mitnistry of Works,  in an interaction with The Tide, Monday, narrated how several attempts had been made in the past by the Executive branch of Government to reform the road sector but all to no avail.
This explanation, he said the 8th National Assembly decided, early 2016, “to take the bull by the horns by embarking on a holistic reform of the transportation sector with the participation of all relevant stakeholders, resulting in the bills that emerged from its chambers”.
These bills, he explained, were subsequently reviewed and passed by the current 9th National Assembly, noting that if strategically implemented, the bills will catalyse the diversification and expansion of Nigeria’s economy.
Omordu, who is also a Fellow of the Nigerian Society of Engineers (NSE), explained that NSE and other stakeholders served on two technical committees, amongst others, “to ensure that the Road Sector Reform Bills, National Road Fund and Federal Road Bills were professionally drafted to stimulate a holistic transportation system, which would have guaranteed the sustainable wellness and economic competitiveness of Nigeria in the sector.
“The technical committee also re-created the road transport mode which would be a formidable force for re-inventing the economy of Nigeria.
“Signing the bills into law, and giving required approvals, will expedite and professionally guide the implementation of the Transport Sector Reform Bills passed by the 9th National Assembly”, he said.
He disclosed that an effective and efficient transportation system is a catalyst for accelerated socio-economic development in any nation.
According to him, there are evidence-based studies that had confirmed that the absence of a sustained, coordinated and inter-modal management of the transportation systems in any nation contributed about 25 to 30 per cent to the cost of production of goods and services in such countries.
“For more than four decades, Nigeria has failed to carry out a holistic reform of the transport sector, in spite of numerous attempts by various governments and stakeholders to champion policies, bills and programmes aimed at the remarking of the sector.
“The damage this unfortunate scenario has inflicted on the socio-economic growth and development of Nigeria has been serious and colossal, and the 9th National Assembly recognised the compelling need to find solutions to the mitigating factors that had stalled the reform of the transport sector and, therefore, embarked upon a robust programme to ensure the passage of  the relevant bills.
“Unfortunately, the bills were not assented to by Mr President during the 8th National Assembly. It is, therefore, reassuring that the 9th National Assembly has successfully passed all the Bills, and it’s necessary that Mr President give speed assent to it”, he said.
He also noted that  it had become pertinent to put together a taskforce on transport sector reform with membership drawn from all the relevant public and private sector organs, including the states.

By: Corlins Walter

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NCDMB, Partners Sweetcrude On Inaugural Nigerian Content Awards

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The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with a firm, Sweetcrude Ltd., has announced detailed selection criteria for the inaugural “Champions of Nigerian Content Awards”, designed to honor outstanding contributions to local content development in Nigeria’s oil and gas sector.
The Tide learnt that the event, scheduled to hold 21st May, 2025, at the NCDMB’S content tower headquarters in Yenagoa, capital of Bayelsa State, will recognize individuals and organizations that have demonstrated exceptional commitment to advancing Nigerian Content in 2024.
The Tide further gathered that the ceremony will coincide with the Nigerian Oil and Gas Opportunity Fair (NOGOF), which promises to spotlighting industry excellence and contributions to national economic transformation.
A statement by the Board’s Directorate of Corporate Communications and Zonal Coordination says the event has 12 Award Categories, which include, “Nigerian Content Icon of the Year”, “Nigerian Content Lifetime Achievement Award”, “Nigerian Content International Upstream Operator of the year”, and the “Nigerian Content Independent Upstream Operator of the year”.
Others are, “Nigerian Content Midstream Operator of the year”, “Nigerian Content Downstream Operator of the year”, “Nigerian Content International Service Company of the year”, Nigerian Content Indigenous Service Company of the year”, and the “Nigerian Content Innovator of the year”.
Also included are, “Nigerian Content Financial Services Provider of the year”, “Nigerian Content Media Organization of the year”, and “Women in Leadership Award for Promoting Gender Equality and Empowerment”.
According to the NCDMB, the criteria for oil and gas operators will include key and empirical benchmarks such as Production output for crude oil and gas volumes, Compliance with Nigerian Content Plans (NCPs) and Nigerian Content Compliance Certificates (NCCCs).
Other criteria are adherence to NOGICD Act reporting requirements, such as submission of Nigerian Content Performance Reports and Employment & Training Plans.
The Board’s statement added that similar criteria will apply to financial institutions, media organizations, and individuals, ensuring a transparent and merit-based selection process.
“Winners for the Nigerian Content Icon of the Year, Innovator of the Year, and Women in Leadership Award will also be selected based on measurable performance indicators.

“The Advisory Committee of Industry Titans will Oversee the process to uphold the prestige of awards. The Committee consist of distinguished experts set up to oversee nominations and validate winners”, the NCDMB said.

Members of the committee, according to the Board, include: Pioneer Executive Secretary of the NCDMB, Dr. Ernest Nwapa; Secretary-General, African Petroleum Producers Organization, Dr. Omar Farouk; and former Zonal Operations Controller, DPR, Mr. Woke Akinyosoye.

The Statement quoted the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe, as emphasizing that the awards aim to becoming the oil and gas sector’s equivalent of the Oscars, celebrating genuine impact rather than mere participation.

“This recognition is reserved for those who have gone beyond compliance to drive tangible growth in Nigerian Content.

“With a focus on credibility, compliance, and measurable impact, the Champions of Nigerian Content Awards is poised to set a new standard for excellence in Nigeria’s energy sector”, the NCDMB Executive Scribe said.

By: Ariwera Ibibo-Howells, Yenagoa

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Nigeria’s Debt Servicing Gulped N696bn In Jan – CBN

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Nigeria’s apex Banking institution, Central Bank of Nigeria (CBN), has declared that Federal Government’s debt servicing increased to N696billion in January 2025.
The CBN’s recently published Economic Report revealed a precarious fiscal position, which worsened in January 2025 as debt servicing obligations exceeded total retained revenue by a wide margin.
According to the report, the Federal Government’s debt servicing obligations for the month stood at N696.27bn, while total retained revenue amounted to only N483.47bn, indicating that debt service alone consumed about 144 per cent of all government earnings.
This development highlights the growing debt burden and dwindling fiscal space facing Africa’s largest economy.
According to the report, despite slight improvements in some revenue categories, the retained earnings were grossly inadequate to cover obligatory debt repayments, exposing the government’s continued reliance on borrowing to meet basic obligations.
The report further revealed that retained revenue in January 2025 only recorded a marginal 0.89 per cent increase when compared with the N479.21bn generated in the corresponding month of 2024.
”FGN retained revenue declined in the review period, owing largely to lower receipts from Federal Government Independent Revenue and FGN’s share of exchange gain.
“At N0.48tn, provisional FGN retained revenue was 69.19 and 70.40 per cent below the levels recorded in the preceding period and monthly target, respectively”, it revealed.
While this points to stagnation rather than growth, the marginal rise was wiped out by the overwhelming debt service obligations.
The retained revenue components showed that the Federation Account contributed N167.69bn, while the VAT Pool Account delivered N90.73bn.

By: Corlins Walter

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Wage Award: FG Plans 5 Months Arrears Payment

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The Federal Government has announced plans to commence the payment of the outstanding N35,000 wage award arrears owed workers in the Federal Civil Service.
A statement issued by the Office of the Accountant-General of the Federation (AGF), which was signed by the Director of Press and Public Relations, Bawa Mokwa, said the outstanding arrears will be paid in instalments, with workers set to receive N35,000 per month for five months.
It clarified that the first tranche of the wage award arrears would be released immediately after the April salary payment.
“The wage award arrears was not  paid with the April 2025 salary; it will come immediately after the salary is paid”, the statement read.
The Federal Government had earlier disbursed wage awards to federal workers for five months as part of efforts to cushion the impact of economic reforms. However, five months’ arrears remained unpaid.
The AGF office further reiterated the government’s commitment to fully implementing all policies and agreements relating to staff remuneration and welfare, noting that such efforts were geared towards enhancing productivity and operational efficiency across ministries, departments, and agencies.
The N35,000 wage award was introduced in 2023 as a palliative measure to support workers following the removal of the petrol subsidy and other economic adjustments.
In January this year, the Federal Government assured workers that it would clear the arrears of the N35,000 wage award, just as it also said the government had resumed the payment of the wage award.
The government also reiterated its commitment to addressing issues in the National Minimum Wage agreement reached with the Organised Labour in 2023.
The Minister of Labour and Employment, Nkeiruka Onyejeocha, had disclosed the government’s commitment towards implementing agreements with trade unions during separate meetings with the leadership of the Trade Union Congress and Congress of University Academics, in Abuja.
The Nigeria Labour Congress had criticised the Federal Government over the delay in the payment of the minimum wage for certain workers in the federal civil service.
Also, the Federal Government had earlier blamed the delay in payment on the prolonged approval of the 2025 budget.

By: Corlins Walter

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