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Delta Debt Profile Hits N272bn -Commissioner

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Delta State Commissioner for Finance, Chief Fidelis Tilije, has disclosed that the state’s total debt profile currently stands at N272 billion.
Tilije, who disclosed this at a news conference in Asaba, said the N240 billion refunds from the Federation Accounts Allocation Committee (FAAC) was not a loan but the state’s share of 13 per cent crude oil derivation arrears from 2004 till date.
The Commissioner, in company of Mr Olisa Ifeajika, Chief Press Secretary to Governor Ifeanyi Okowa, noted that the State Government could offset its current debt if it discounted 100 per cent of its share of N240 billion refund approved by the Federal Government.
“The total debt profile of Delta State as we speak is N272 billion. Out of this, N84 billion is due to contractors and pension arrears is about N27 billion.
“The rest are the debt profile, most of that were actually inherited by the Governor Ifeanyi Okowa-led administration.
“And in this past months, we have a total expected refund of N240 billion with respect to the 13 per cent oil derivation refunds to nine states that is ongoing.
“We had initially wanted to phase out many legacy projects that we wanted to complete. We approached the State House of Assembly and got approval to discount N150 billion, which we pruned to N100 billion as bridging finance facility from the N240 billion.
“I did say recently that out of this N240 billion that is expected from FAAC receipts, Delta (State) has received N14.7 billion in three quarterly instalments.
“And out of this N100 billion bridging finance, we have accessed N30 billion from the commercial market,” Tilije said.
He said with the totality of the refunds expected from FAAC, the state could clean up the outstanding debt profile if it fully discounted the N240 billion.
The Commissioner explained that the Governor, being a prudent manager of human and resources, felt that it would be necessary not to allow a repeat of the experience he had as new government in 2015.
“At inception in 2015, Governor Okowa’s administration saw hell managing the lean resources available to the state as a new government.
“This informed why all the State Governments had to take a bailout fund from the Federal Government in 2015.
“The truth is that if the State Government had totally taken or fully discounted the N240 billion FAAC refund, the next successive government will fall back to the experience Governor Okowa had in 2015.
“So, unlike the other oil producing states, who fully discounted their refunds, Okowa decided to be his brother’s keeper, take a percentage of the N240 billion and leave the rest for the incoming government to access over a period of four years.
“Besides, if we had gone ahead to discount the N240 billion in full, we would have been able to clean up all our outstanding debt,” the Commissioner said.
Tiliji noted that every government financed its budgets from FAAC receipts Internally Generated Revenue (IGR), borrowings and sundry facilities and tasked the social media to always report facts.
Noting that the government was transparent and had nothing to hide, Ifeajika said the State Government is conscious of the rule of law, which informed why it approached the State House of Assembly for approval to access the bridging finance facility from the commercial market.
“In Delta, we are transparent, we have nothing to hide. The Governor has assured that all the legacy projects will be completed before the end of his administration.”

 

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Niger Delta

Navy Pledges Improved Patrols, Welfare Boost For Personnel

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The Chief of Naval Staff (CNS), Vice Admiral Idi Abbas, has pledged to ensure improved welfare for personnel and more patrols on the maritime corridors of the nation.
He  disclosed this during an on the spot assessment of things at the Eastern Naval Command (ENC), Calabar, on Wednesday.
According to him, there is the need for officers to always be ready,  by improving on their welfare, in a bid to keep the country secured.
“I am here for an on the spot assessment of our operations and like you have seen, I have also gone round to check the ongoing buildings.
”These  are welfare issues and for us to be able to have our men ready and keep us secured, their welfare needs to be catered for.
“So, we are here to kill two birds with one stone,  which are basically operations and welfare issues.
”I am happy with what the command is doing; it is doing well in terms of keeping the maritime environment safe.
“We will continue doing what we are doing and improve on that, which is patrol of the waters and increase in the area of surveillance”, he stated.
As part of his visit,  Abbas commissioned the 12×1 Junior Rates Accommodation Block A and B, at the Navy Barracks at Atimbo in Calabar.
The naval chief also inspected other ongoing projects in the Akim Barracks, 1006 flats and the Navy hotel, all within Calabar.
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Niger Delta

Delta Begins Uromi Junction Flyover Construction 

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The Delta State Government says it has began construction work on the long-awaited Uromi Junction Flyover Bridge in Agbor, Ika South Local Government Area of the state.
Director-General (DG) of the Delta State Bureau for Orientation and Communications, Dr. Fred Oghenesivbe, confirmed the development to newsme in Asaba.
According to him, heavy-duty construction equipment have arrived the site, a project which is being handled by Julius Berger Nigeria PLC, one of the country’s leading construction firms.
Oghenesivbe, described the flyover as a massive infrastructure project with far-reaching socio-economic benefits for the area.
He said the project would significantly transform the Agbor metropolis by easing traffic congestion, improving the city’s aesthetics, and boosting commercial activities within the local government area.
He described the State Governor, Sheriff Oborevwori, as a promise-keeper and pragmatic leader whose administration remains committed to infrastructure development and economic growth across the state.
The DG expressed confidence in Julius Berger’s capacity to deliver the project within record time and according to the highest construction standards.
“The Uromi Junction serves as a major link between different parts of the country but has recently been plagued by severe traffic congestion, making vehicular movement increasingly difficult”, he noted.
He urged residents to cooperate with the contractor and safeguard construction materials and equipment to ensure the timely completion of the project.
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A’Ibom Rejects Ekid Ownership Claim Of Stubbs Creek

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The Akwa Ibom State Government has rejected claims by the Ekid People’s Union that it owns land within the Stubbs Creek Forest Reserve, describing such assertions as “false, misleading and a distortion of the judicial record.”
In a recent statement, signed by the Attorney-General and Commissioner for Justice, Uko Udom, the state government said it was compelled to respond in the “overriding public interest,” despite a pending court case instituted by the same group.
The government stated that contrary to claims circulating in the media, the historic case of Ntiaro and Ikpak vs. Ibok Etok Akpan and Edoho Ekid, decided by the Judicial Committee of the Privy Council in 1918, did not vest ownership of Stubbs Creek land in any ethnic group or community.
“The final judgement merely dismissed the claims before the court and granted title to no party whatsoever”, the government stated, adding that “any assertion to the contrary is false, misleading and a distortion of the judicial record.”
According to the statement, the land was lawfully reserved by the colonial government under Forest Reserve Order No. 45 of 1930, later amended in 1941, 1955 and 1962, with “the principal rights of the land forfeited to the Government upon the change of status.”
It said the area has since been administered under applicable laws by the Akwa Ibom State Government, which “has at all times acted within its lawful authority in the management and allocation of land in the area for legitimate public and economic purposes.”
Citing the 1999 Constitution and the Land Use Act, the government stated that all land in the state is vested in the governor to be held in trust for the common benefit of Nigerians, noting that claims of absolute ancestral ownership are subject to existing laws.
The government “categorically denies allegations of fraud or misrepresentation” regarding Stubbs Creek or investments there and warned it would take “appropriate legal steps” against any individual or group publishing false or defamatory material capable of undermining public confidence or discouraging investment
The statement also assured the federal government of “full access and Right of Way” for the proposed Coastal Highway through any part of the state.
The government statement followed an earlier report in which the Ekid People’s Union accused Governor Umo Eno of Akwa Ibom State of making comments that allegedly linked the community to terrorism, while he was defending the Coastal Highway project passing through the Stubbs Creek.
Ekid People’s Union maintained that the people of Ekid are the original owners of the land known as Stubbs Creek Forest Reserve, arguing that their ancestral ownership predates colonial rule.
The group cited historical occupation, customary ownership and a 1918 Privy Council case, which it claimed affirmed Ekid rights over the territory.
The union also accused the Akwa Ibom State Government of misrepresenting history to justify taking over the land for commercial interests and the proposed Coastal Highway, an allegation the state government has denied.
The group rejected any suggestion linking the Ekid people to criminality or terrorism, insisting they were peaceful citizens defending their ancestral land through lawful and civic means.
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