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Niger Delta

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

Publisher Hails Diri On Security, Peace

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The Publisher and Editor-In-Chief of a Yenagoa-based tabloid, Niger Delta Herald, Mr. Francis Dufugha, has commended the Bayelsa State Governor, Senator Douye Diri, for the relative peace in the State.
Dufugha, however, expressed resentment over what he described as stringent measures against assessing the State’s Students Loan Scheme, especially for the common citizens.
He made the observations while briefing journalists at the Earliest Ikoli Press Centre, Ekeki, in Yenagoa, the State capital.
“I commend the Governor for the relative peace in the state owing to his approach to the security of lives and properties in the State.
“For now, the police in Bayelsa State is using drones to monitor red flag areas that can cause security breaches and that has really encouraged the peace in the State.
“The security situation has improved and we commend the government for that. We cannot deny the fact that there is relative peace in the State”, he said.
On the State’s students loan, the publisher accused the scheme of having elitist posture due to its accessibility process.
He argued that it would be difficult for the ordinary Bayelsan to provide a Level-17 civil servant as guarantor to be able to benefit from the scheme, describing it as a systemic denial of the less privileged.
He noted that the loan was supposed to be a succour to indigent Bayelsa parents and students who could not assess education easily, noting that such persons should not be made to face cumbersome situations before assessing the financial instrument.
On road infrastructure, the Niger Delta Herald Publisher and Editor-in-chief praised the Diri’s administration on the work done on the three senatorial district roads and tasked the government to do more.
Dufugha, who described Bayelsa State as a wealthy State, asserted that the oil rich state needed to see more developmental strides comparative to its current financial status.
“Bayelsa is not a poor state in terms of public revenue. We’re an oil producing state. We receive federal allocations. We receive derivation revenue. We have access to enormous public resources.
“We receive interventions. Yet, after all these years, the ordinary citizen is still asking, what exactly are we getting for our money? Where are the industries? Where are the jobs? Where are the functional health institutions? Where is the agricultural transformation? Where is the human capital development? Where is the economic diversification?,” he argued.
He enjoined the government to redouble effort in the education and health subsectors, adding that it would pay the state a lot if there were centres for the treatment of critical health cases such as cancer and others in order to save lives and avoid capital flight.
The Publisher urged the Senator Diri-led government and the public not to misunderstand his message as hatred or personal issues with the Governor, but see it as a constitutional and professional duty to hold government accountable.

By: Ariwera Ibibo-Howells, Yenagoa

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Bayelsa Recommits To Fight Against Graft

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The Bayelsa State Government has stated its stance on zero tolerance for corruption in governance and cautioned residents against writing frivolous petitions to anti-graft agencies.
Deputy Governor of the State, Dr. Peter Akpe, stated this rexently when he received the Resident Anti-Corruption Commissioner of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in ernment House, Yenagoa.

charge of Bayelsa and Rivers States, during a courtesy visit to Government House, Yenagoa.
Akpe said the general perception of those in politics has always been that of corruption, but noted that the position of the Douye Diri-led Prosperity Administration is non-tolerance for corruption.
Akpe, who frowned at the habit of writing unfounded petitions against individuals and groups, said the heap of petition files from Bayelsa State at the ICPC was several times higher than that from any other state in the country.
He reminded residents that writing unjustifiable petitions to anti-graft agencies is not only a bad culture, but also attracts jail penalty, and assured the ICPC of the state government’s support to improve public enlightenment.
“Our government is a government that believes in zero tolerance for corruption; that is why we are always open to interact with you and other anti-graft agencies.
“Usually, there is this issue of negative perception of politics and politicians. But it is not true that every politician is corrupt. We have a good number of people in politics that are not corrupt, and we believe that a good percentage of them are in this government.
“The issue of petitions at the ICPC: What we observed was that the heap of files from Bayelsa were 10 times higher than the ones from even Lagos, and 15 more times than the ones from Sokoto and other states.
“That is quite disturbing. More so, most of those petitions were ion, our people should also know that such frivolous petitions can land them in jail”, he saidfrivolous.

From a personal experience, I can tell you that most of the petitions are extremely frivolous. While we will never tolerate corruption, our people should also know that such frivolous petitions can land them in jail”, he said.
Earlier in her remarks, the ICPC Resident Anti-Corruption Commissioner in charge of Rivers and Bayelsa States, Dr. Ekere Usiere, highlighted the statutory mandate of the ICPC, stressing that its mission was to carry out sensitisation on the ills of corruption in the Nigerian society.

Usiere, who expressed concern at the volume of petitions currently before the ICPC emanating from communities in Bayelsa over the management of the PIA funds, expressed the commission’s desire to partner the Bayelsa State Ministry of Information to carry out sensitisation programmes.
The ICPC Resident Anti-Corruption Commissioner was accompanied on the visit by Assistant Chief Superintendent, Mr. Evans Peters; Principal Superintendent, Mr. Emmanuel Akpor; Assistant Superintendent, Mrs. Tamaraudoubra Ebebi; and the Administrative Officer, Mr. Frank Yileaziba.

By: Ariwera Ibibo-Howells, Yenagoa

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NDDC Urges Staff To Secure Retirement Future Through Pension Planning

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The Niger Delta Development Commission (NDDC) has urged its staff to take retirement planning seriously by maximising pension schemes and other financial instruments that can guarantee financial security after their years of active service.
The Director of Administration and Human Resources, Sir Kelechi Nwelue, gave the advice during a commission-wide staff interactive session with Pension Fund Administrators (PFAs) and insurance companies at the NDDC headquarters in Port Harcourt, Rivers State.
In a statement signed and issued by Seledi Thompson-Wakama
Director, Corporate Affairs, Nwelue said the programme, approved by the Managing Director of the commission, Dr. Samuel Ogbuku, was organised to sensitise staff on pension schemes and provide them with the knowledge required to make informed decisions about their retirement savings.
He particularly urged newly recruited employees to acquaint themselves with the operations and responsibilities of various PFAs before choosing an administrator to manage their pension contributions.
According to him, pension contributions deducted from employees’ salaries, alongside employers’ contributions, constitute long-term savings designed to provide financial support after retirement.
He urged staff to carefully assess the information provided by the participating pension administrators and choose the option best suited to their long-term financial interests.
Nwelue stressed that employees were at liberty to select their preferred pension administrator, noting that the interactive session provided an opportunity for the various companies to explain their products, services and benefits.
Also speaking, a Director in the Directorate of Administration and Human Resources, Mr. James Fole, said the programme was aimed at deepening employees’ understanding of pension, insurance and other financial instruments that could improve their financial wellbeing during and after active service.
Fole warned that inadequate preparation for retirement could expose employees to financial hardship in their post-service years.
He said: “That is not what the Managing Director, Executive Management and the entire management want for our staff. We want to see a situation where retirees enjoy a reasonable level of comfort, knowing that the Commission has contributed to their future.”
He added that equipping employees with appropriate financial knowledge while they were still in active service remained critical to achieving a financially secure retirement.
Several pension and insurance companies participated in the interactive session.

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