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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

Warri Delineation: Ekpemupolo Seeks Peaceful Impasse Resolution

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Dr. Government Ekpemupolo, also known as Tompolo, has called for calm and a peaceful resolution of the ongoing impasse in the Warri Federal Constituency.
Ekpemupolo, a High Chief in Ijaw land, who made the call in a statement in Warri,  noted that the ongoing impasse arose from the failure of the Independent National Electoral Commission (INEC) to complete the delineation of wards in the constituency.
He appealed that the situation must not be allowed to be hijacked or degenerate into violence of any sort.
“I join all well-meaning Nigerians to call for a peaceful resolution. The Ijaw nation has from time immemorial been known for their peaceful ways and we cannot deviate from our history.
“The current political situation arising from the failure of INEC to complete the delineation of wards in the Warri Federal Constituency and mass action must not be allowed to be hijacked or degenerate into violence of any sort.
“Therefore, I am calling for calm, no matter the situation. We must all join hands in seeking a peaceful resolution to this impasse”, he said.
Ekpemupolo, who is also the Chairman, Tantita Security Services Nigeria Limited (TSSNL), while urging INEC to do the right thing and restore the peace in Warri and environ, called for an urgent meeting of community leaders to device a way forward.
“We call on the people of Warri (whether Ijaw, Itsekiri or Urhobo) to be calm and wait patiently for INEC to do the right thing”, he said.
He recalled that since on Monday, there had been mass action by peaceful women and youths from the various Ijaw communities in Delta, occupying oil and gas installations in the Escravos and Warri river areas.
He added that the peaceful action had led to calls from various quarters, particularly from well-meaning Nigerians, seeking for a peaceful resolution of the imbroglio.
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Progress In 21-Km Nembe-Brass Road Project Impresses Diri … As Contractor Pledges December Delivery Date

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Bayelsa State Governor, Senator Douye Diri, has expressed fulfillment with the ongoing construction of the 21km phase one of the Nembe-Brass road projects in the state’s eastern senatorial district.
The Governor described the project as a dream come true for him and the people of Nembe and Brass Local Government Areas.
Senator Diri, who inspected the expansive construction work on Tuesday, said the road, which cuts through the mangrove forest and rivers, was a testament to his administration’s determination to connect hitherto unreachable riverine communities by road despite the difficult terrain.
Led by the Commissioner for Works and Infrastructure, ESV Moses Teibowei, Diri first inspected the asphalted 10km portion of the road with about three bridges, before crossing the river on a barge to see the extent of work on another 10km that had been stabilised.
Diri in astatement by his spokesperson, Mr. Daniel Alabrah, was quoted as noting that it was one thing to have a vision and another to have the will to execute it.
Alabrah also quoted the Governor as saying that the project had been well funded since it commenced and assured that his administration will complete it on the date stated by the contractors.
On the second phase of the project undertaken by the federal government, the State Chief Execution appreciated President Bola Tinubu for awarding the contract and for ensuring that it is running simultaneously with the phase one being done by the state government.
“I feel accomplished. It is one thing to have the vision and another thing to have the will to do it. Being a Bayelsan, the importance of this road cannot be over-emphasised. This is what the people have been yearning for and I’m satisfied that the people are happy about the project.
“On funding, we have never disappointed the contractor and I believe they will not disappoint us. By the time the road is completed, it will reduce cases of sea piracy.
“Let me sieze this opportunity to thank President Bola Tinubu. There was another President when we proposed this road. We wrote, nobody answered us then. But this President did not only answer us, he awarded the contract for the second phase”, Diri said.
Also speaking, the Commissioner for Works and Infrastructure, Mr. Teibowei, expressed satisfaction with the level of work so far done, stressing that the most difficult aspect of the job had been done.
He said the fifth bridge being constructed will be completed in three months while assuring that the road will be finished within the stipulated time.
The Setraco Construction Company South-South Area Manager (Bayelsa and Rivers), Mr. Jose Cosme, said phase one of the road will be completed in December 2026.
Ariwera Ibibo-Howells, Yenagoa
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Niger Delta

NDDC Clears Compensation Hurdle, Accelerates 3.7Km Okrika-Borikiri Bridge Project

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The Niger Delta Development Commission (NDDC) has said construction work on the 3.75-kilometre Okrika-Borikiri Road and bridge project in Rivers State will gather momentum following the payment of compensation to affected property owners at the Borikiri axis of the project.
Speaking during an inspection of the project site in Okrika, the NDDC Assistant Director, Utilities, Infrastructure Development and Waterways (UIDW), Martins Isichei, disclosed that compensation issues that had stalled progress on the Borikiri alignment had been resolved.
According to him, the Commission has settled compensation claims for property owners affected by the project corridor and is awaiting the evacuation of residents before commencing demolition of structures within the right of way.
“The NDDC has paid compensation to property owners along the Borikiri alignment, and we are expecting the evacuation of residents there before we commence demolition of structures in the right of way”, he said.
Isichei noted that work on the Okrika section of the project had recorded significant progress despite challenges encountered on the waterways.
He explained that shortly after work resumed, a vessel collided with an existing pile, forcing engineers to redesign part of the bridge structure.
“When we resumed work on the site, a vessel collided with an existing pile. We had to re-profile the bridge and develop a new design to circumvent the damaged pile”, he said.
The NDDC official expressed optimism that the project would ease traffic congestion along the refinery road corridor and significantly reduce travel time between Okrika and Port Harcourt upon completion.
He explained that the project comprises three major bridge structures: the 180-metre Kolabi Bridge at Etche Waterfront, the 1,120-metre Abotoru Bridge, and the 490-metre Okpoka Bridge.
While acknowledging that progress on the Borikiri alignment had lagged because of compensation-related issues, Isichei said construction activities would commence there shortly.
Also speaking, the Project Consultant, Azu Chukwuma, said the scope of the project was reviewed following its revival to align with present realities and engineering requirements.
He noted that efforts were underway to accelerate construction, particularly the launching of bridge beams, despite the high cost of marine logistics associated with the project.
“Our intention is to determine how quickly we can proceed with launching the first sets of beams. The work is mainly on the river, and much of the marine logistics involved is costly. I am in touch with the appropriate officials of the NDDC to determine the best way forward”, Chukwuma stated.
He commended host communities for their cooperation, noting that the absence of major disputes had contributed to the project’s steady progress.
A representative of the construction company, Maroun Kassouf, said fabrication of bridge beams had advanced considerably and that installation would begin soon.
“The project is progressing well. Once people evacuate at the Borikiri end, we will demolish the structures there and move to that site immediately. That end would be much easier, as the river is shallower than the Okrika end”, he said.
The Vice Chairman of the Okrika Community Development Committee, Minengibi Ferdinand, lauded the NDDC for undertaking the project, describing it as a critical infrastructure that would improve connectivity and stimulate economic growth.
He said the road and bridge network would provide an alternative route to Okrika, ease pressure on the East-West Road and open up communities for greater socio-economic development.
“This is a laudable project that will ease traffic on the East-West Road and provide an alternate route to Okrika. We are hopeful that once it is completed, it will attract socio-economic development to our community”, Ferdinand said.
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