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Oil Theft Pushing Nigeria’s Economy Into Coma, Senate Laments

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The Senate President, Dr. Ahmad Lawan, yesterday, in Abuja, said the generation and collection of revenues have remained Nigeria’s major challenges as well as the massive loss of revenue through oil theft which is “debilitating and threatening to throw the economy into a coma.”
Lawan, while welcoming his colleagues from the long annual recess, lamented that “revelations about the scale of oil theft shows that, until the government takes decisive actions, Nigeria could soon lose any revenue from that sector.”
He charged his colleagues to ensure that everything is done to curtail this theft.
Lawan said the nation’s economy “is still challenged” and stressed the need for the National Assembly and the Executive to continually seek better responses to the economic situation.
Specifically, he said their focus must remain on ensuring a secured and safe country and an economy that works for all citizens.
“In the next nine months, our attention and devotion should bring improvement to the current situations. This Senate is a Senate that will continue to work for all Nigerians at all times,” he said.
The Senate president explained that the confirmation of the acting Chief Justice of Nigeria (CJN), Justice Olukayode Ariwoola, work on the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategic Paper (MTEF/FSP), 2022 budget and working to support the nation’s defence and security forces, among others, would largely be the focus of the upper legislative chamber in the next three months.
He said President Muhammadu Buhari was expected to present the 2023 budget estimates to the joint session of the National Assembly in the first week of October.
“The Ninth Senate has established the practice of processing the annual Appropriation Bill of each year between October and December. I commend distinguished Senators for this achievement and a legacy that has changed the annual budgetary cycle of the Federal Government,” he said.
The Senate president, however, reminded his colleagues that they have resumed to continue with the very good work they have done in the last three years.
“As we all know, this resumption marks the final session of our tenure. The Ninth Senate has nine months to conclude its tenure.
“Like the last three years, we are prepared to make the remaining period very productive and successful. No doubt that the Ninth Senate has performed creditably and will end very well. We scored so many feats and broke many jinxes through various legislative interventions. I must commend all of us for the commitment, dedication and patriotism and sense of duty,” he stressed.
Lawan recalled the “serious concerns” of the Senate on the security situation in the country and expressed happiness about the successes recorded so far by the security agencies.
Nonetheless, he promised that the Senate would continue to engage with the defence and security agencies through its appropriate committees, to ensure that the engagements are sustained, commending them for stepping up their operations.
On the 2023 general elections, he said the Senate and the National Assembly will work with the Independent National Electoral Commission, INEC) to ensure very successful, transparent and credible elections.
“We are ready to support INEC in all possible ways as a legislature. Already, the timely amendment of the Electoral Act 2022 has provided very important innovations in ensuring a better electoral climate,” he said.
Similarly, the Speaker of the House of Representatives, Hon Femi Gbajabiamila, has likened oil thieves to terrorists, and urged the Federal Government to treat them like insurgents.
Gbajabiamila, in his welcome address, yesterday, at the resumption of plenary at the green chamber explained that despite the money spent yearly on protecting oil assets, the arrangements are not working.
The government and the Nigerian National Petroleum Corporation (NNPC) Limited agreed to engage General Tompolo to end illegal bunkering, illegal refining and oil theft in Niger-Delta communities.
The multi-billion surveillance contract has been generating reactions across the country.
Gbajabiamila, in his speech, said there is a need for the government to review the existing policy on oil theft.
He urged the government to treat oil thieves like terrorists.
“There are mechanisms in place to prevent these sorts of bad actors, and the government spends significant amounts of money each year to protect oil and gas resources in the country. Evidently, these existing arrangements do not suffice. As such, there is an urgent need to review them and make the necessary improvements.
“It is also of particular importance that the perpetrators of these crimes against the state are identified, prosecuted and subjected to the stiffest penalties the law allows. Those who seek to impoverish our country in this manner have declared war against the Nigerian people.
“They are no different from the insurgents and terrorists against whom we are battling in various theatres. The government’s response must be sufficient to convince them of the error of their ways and deter others who might be tempted to join in their treason,” he said.
Gbajabiamila also admonished his colleagues not to abandon their responsibilities as lawmakers as campaigns are about to commence.
He also commended the National Drug Law Enforcement Agency for the recent drug burst at Ikorodu in Lagos.
The speaker noted that Nigerians must do all it takes to prevent drugs from overrunning the country.

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Rivers Assembly Approves Fubara’s 2026–2028 MTEF

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The Rivers State House of Assembly has approved the 2026–2028 Medium Term Expenditure Framework (MTEF) submitted by Governor Siminalayi Fubara.

 

This reaffirms the lawmakers’ commitment to enacting laws and taking legislative actions geared towards the overall development of the State.

 

The Assembly gave the approval during its Second Legislative Sitting of the Fourth Session held last Friday.

 

Speaking on the MTEF document during plenary, the House Speaker, Rt. Hon. Martin Amaewhule, noted that by the provision of Section 10(1)(b) of the Rivers State Fiscal Responsibility Law No. 8 of 2010, the MTEF ought to have been laid before the House in September 2025.

 

Amaewhule explained that traditionally, the document is expected to be presented four months before the commencement of the next financial year and immediately after the expiration of every three-year fiscal cycle.

 

He, however, stated that in the interest of the State and its people, the House considered it necessary to deliberate on the document, describing it as a precursor to the 2026 Budget Estimates.

 

The Speaker expressed concern that the year had already progressed significantly before the presentation of the framework.

During deliberations on the document, members examined the assumptions and projections contained in the MTEF and observed that strict adherence to the outlined fiscal parameters would ultimately serve the interest of Rivers people.

 

The lawmakers maintained that effective implementation of the framework would promote prudent financial management and enhance developmental planning across the State.

 

Following the debate and positive consideration by members, the Speaker put the question to the House and members voted overwhelmingly in support of the approval of the MTEF.

 

Meanwhile, during the same sitting last Friday, the House also received a petition from the Chairman of Obio/Akpor Local Government Council, Dr. Gift Worlu.

 

The petition was presented by the member representing Obio/Akpor Constituency II, Hon. Emilia Amadi.

 

According to the petition, concerns were raised over an imminent security breach, threats to lives, destruction of property and alleged forceful takeover of property by some lawless persons within parts of the Local Government Area.

 

Presenting the petition before the House, Hon. Amadi appealed to the lawmakers to revisit the matter and take necessary steps aimed at safeguarding lives and property in the affected communities.

 

The House is expected to further deliberate on the petition and consider measures to address the concerns raised in order to sustain peace and security in the area.

 

King Onunwor

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JUNE 12: Democracy Remains Nigeria’s Strongest Path To Unity, Progress, Says Fubara ….Extols Abiola, Wife

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Governor of Rivers State, Sir Siminalayi Fubara, has reaffirmed that democracy remains the most effective system of government for Nigeria, given the country’s rich diversity of ethnic, religious, and cultural identities.

In a goodwill message to Nigerians on the occasion of the 2026 Democracy Day celebration, Governor Fubara said June 12 represents far more than a historic date; as it embodies the enduring struggle, sacrifice, and collective aspiration of Nigerians for freedom, justice, and representative governance.

The Governor extended warm felicitations to Nigerians at home and in the Diaspora, paying tribute to the heroes and heroines of the democratic struggle, particularly Chief MKO Abiola, his wife, Kudirat Abiola, and countless others whose courage and sacrifices helped secure the democratic freedoms Nigerians enjoy today.

According to him, “June 12 is a reminder of the price paid for the democracy we enjoy today. The sacrifices made by Chief MKO Abiola, Kudirat Abiola, and many other patriots who laid the foundation for the democratic journey we continue to enjoy today. Their commitment to the principle that power must ultimately reside with the people remains a source of inspiration for every generation of Nigerians.”

Governor Fubara noted that thirty-three years after the historic June 12, 1993 election, Nigeria’s democratic experiment has continued to evolve despite challenges and setbacks.

“Our democratic journey has not been without difficulties, but the resilience of our institutions and the determination of our people have kept the nation moving forward. The ability to express differing opinions, engage in constructive debate, and peacefully choose leaders through the ballot remains one of the greatest achievements of our nation,” he said.

Governor Fubara stressed that democracy provides the best framework for managing Nigeria’s diversity and transforming it into a source of national strength.

“Nigeria’s diversity should never be seen as a weakness. Properly harnessed, it is our greatest asset. Democracy offers us the opportunity to build consensus, promote inclusion, strengthen national unity, and create the conditions for sustainable development and shared prosperity,” he said.

Governor Fubara commended President Bola Ahmed Tinubu, for his commitment to the Renewed Hope Agenda and ongoing efforts aimed at economic revitalization, strengthening security, and deepening democratic institutions across the country.

He reiterated the readiness of Rivers State to continue partnering with the Federal Government in advancing policies and programmes that improve the lives of citizens through infrastructure development, job creation, enhanced security, quality education, healthcare delivery, and good governance.

The Governor further called on Nigerians, regardless of political affiliation, ethnic background, or religious belief, to use the occasion of Democracy Day to renew their commitment to the Nigerian project and the ideals that underpin democratic governance.

“Democracy must not be viewed merely as a periodic electoral exercise. It must be reflected in our daily commitment to accountability, transparency, tolerance, justice, respect for the rule of law, and responsible leadership. As citizens and leaders, we all share a collective responsibility to strengthen our democracy and build a nation that future generations will be proud to inherit,” he said.

Governor Fubara expressed optimism about Nigeria’s future, urging citizens to remain united, hopeful, and committed to the values of peace, dialogue, and national development.

“Together, we can build a stronger, more inclusive, and more prosperous Nigeria where every citizen has the opportunity to thrive and contribute meaningfully to national progress,” he said.

 

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Fubara Reaffirms Commitment To Peace, Development

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Governor of Rivers State, Sir Siminalayi Fubara, has reaffirmed the unwavering commitment of his administration to peace, unity, security, and inclusive development as Rivers State marked its 59th anniversary, last Wednesday.

 

In a goodwill message issued on Wednesday to commemorate the anniversary, Governor Fubara stated that despite the challenges faced over the years, the people of Rivers State have continued to demonstrate resilience, strength, and an enduring spirit of unity that has sustained the state since its creation.

 

The Governor noted that the strong bond of brotherhood among the various ethnic nationalities of the state, including the Ijaw, Ikwerre, Ogoni, Etche, Ekpeye, Andoni, Kalabari, and others, remains one of Rivers State’s greatest strengths and a critical foundation for peace, stability, and progress.

 

He further observed that Rivers State has remained a major driver of Nigeria’s economy for decades, not only because of its abundant oil and gas resources, but also because of the exceptional contributions of its people across diverse sectors including academia, jurisprudence, business, entertainment, public service, and sports.

 

Governor Fubara assured the people that his administration will continue to prioritize policies and programmes that promote peace, protect lives and property, and expand development across all parts of the state. He emphasized that governance must be people centered and impactful, with equal attention given to every Local Government Area of the state.

 

The Governor also paid tribute to the elders and founding leaders of the state for preserving the spirit of unity and coexistence over the years, while urging the youths to remain hopeful, responsible, and actively committed to building a greater Rivers State through innovation, hard work, and patriotism.

 

He equally acknowledged the invaluable role of women in strengthening families, communities, and society, describing them as indispensable partners in the continued growth and stability of the state.

 

Governor Fubara called on all Rivers people to use the occasion of the anniversary as a moment of reflection and renewed commitment to peaceful coexistence, mutual respect, dialogue, and collective progress, stressing that the unity and future of Rivers State must always rise above personal interests and political differences.

 

Rivers State was created on May 27, 1967, by General Yakubu Gowon.

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