Nation
FG Boosts Debt Recovery Measures, Blocks Revenue Loopholes
The Federal Ministry of Finance, Budget and National Planning, has stepped up efforts to block revenue loopholes and debt recovery drive.
The Director in charge of Special Projects in the ministry, Mr Victor Omata, stated this on Monday at the zonal sensitisation workshop in Kano State.
The workshop was on the Federal Government debt recovery drive through Project Lighthouse Programme.
Represented by the Deputy Director, Special Projects, Malam Mohammed Sa’idu, he said the lighthouse initiative was initiated by the ministry to put an end to revenue leakages in the country.
According to him, over 5,000 companies and individuals spread across 10 Ministries, Departments and Agencies are owing the Federal Government N5.2trillion.
He explained that the debt came to the spotlight from data aggregated from ongoing debt aggregation efforts from over 5,000 debtors across 10 MDA’s by the ministry.
“In a bid to block revenue loopholes and increase revenues, especially from non-oil sources, the Ministry initiated ‘Project Lighthouse’, which is one of the portfolio projects under the Strategic Revenue Growth Initiative (SRGI).
“This initiative has enabled the aggregation of relevant economic and financial information from multiple agencies who hitherto did not share data. Revenue loopholes have been aided by poor information sharing and enforcement”, he said.
Omata said data from the initiative revealed that many companies and individuals, who owe government agencies, have refused to honour their obligations but were still being paid especially through the government platforms.
The Director explained that debts were in the form of debt liabilities to the Federal Inland Revenue Service (FIRS).
According to him, part of measures taken by the Ministry to curb revenue leakages include; the issuance of a Ministerial directive on Sept. 26, 2019 to all MDAS.
The directive aims to aggregate all Government debt across the Public Finance space as well as to have a Single Window on the credit profiles.
“The Federal Executive Council (FEC) regulatory approval on Wednesday 31st March, 2021, to extend the functionalities of Debt recovery Capability of Lighthouse to enable the ministry fully automate the debt recovery process and make settlements of debts as seamless as possible”, he added.
He then charged stakeholders on providing quality and relevant information- debt-related- to support the Federal Government Economic Recovery and Growth Plan (ERGP), in improving revenues by targeting and increasing non-oil sources.
Some of the participants who spoke to The Tide source commended the ministry for organising the workshop and promised to step down the knowledge with others.
Nation
HYPREP Marks 15 Years Of UNEP Report, Highlights Major Cleanup Milestones
The Hydrocarbon Pollution Remediation Project (HYPREP) has commemorated the 15th anniversary of the release of the United Nations Environment Programme (UNEP) Environmental Assessment Report on Ogoniland, reaffirming its commitment to restoring the environment and improving the livelihoods of affected communities.
In a statement signed by the Project Coordinator, Prof Nenibarini Zabbey, to commemorate the anniversary, HYPREP described the anniversary as a significant milestone in Nigeria’s environmental restoration efforts, noting that the project has made remarkable progress in implementing the recommendations of the landmark UNEP report released on August 4, 2011.
The UNEP report had revealed extensive oil pollution across Ogoniland, severe environmental degradation, and serious public health risks resulting from decades of petroleum operations. It also recommended an initial $1 billion fund to commence the cleanup of the affected communities.
According to HYPREP, the Federal Government formally launched the Ogoni clean-up in 2016, while the Project Coordination Office was established in 2017 to drive the implementation of UNEP’s recommendations.
Zabbey said the current administration has continued to prioritise the project under the Renewed Hope Agenda.
Providing an update on the cleanup, the Project Coordinator disclosed that 30 of the 65 contaminated sites identified by UNEP have been fully remediated, while work is ongoing at several medium- and high-risk locations. It also stated that more than 1.5 million mangrove seedlings have been planted as part of what it described as the world’s largest restoration of oil-degraded mangroves, with over 1,000 hectares of shoreline already rehabilitated.
Zabbey further revealed that 49 Ogoni communities have been connected to potable water schemes through multiple water projects and booster stations aimed at providing safe drinking water across the region.
In the health sector, he said the 100-bed Ogoni Specialist Hospital in Kpite and the 43-bed Cottage Hospital in Buan are nearing completion, adding that several existing health facilities have been upgraded with modern medical equipment, while five ambulances have been donated to improve emergency healthcare services. The Project Coordinator also disclosed that a three-year human health biomonitoring study is being conducted in collaboration with the World Health Organization’s International Agency for Research on Cancer (IARC).
On economic empowerment, Zabbey stated that the Project has created more than 8,000 direct jobs and trained thousands of Ogoni youths and women in various vocational and technical skills, including software development, cybersecurity, aviation, commercial diving, seafaring, mechatronics, and creative arts. The project also reported awarding scholarships to more than 1,000 students, providing grants to small businesses, and supporting persons living with special needs through skills acquisition programmes.
The statement further highlighted ongoing legacy projects, including the Ogoni Power Project and the Centre of Excellence for Environmental Restoration, which it said is about 96 per cent complete. HYPREP also welcomed the recent designation of the Ogoni Wetland as a Ramsar Site of International Importance and pledged to continue promoting biodiversity conservation and sustainable management of the ecosystem.
Marking the anniversary, Zabbey said the progress achieved over the past 15 years demonstrates the collective commitment of government, development partners, stakeholders, and local communities to restoring Ogoniland. He called for renewed collaboration to sustain the cleanup effort, promote environmental sustainability, and support the long-term development of the region. 3
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