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NDDC Begins Work On PH-Okrika Link Road ……Says Wike’s Comments, Push For Positive Change
The Niger Delta Development Commission (NDDC) has assured that construction work would resume next week on the 3.65kilometre Borokiri-Okrika road to link the Rivers State capital, Port Harcourt to Okrika communities and others in Eleme, Tai, Gokana, Khana, Andoni, Opobo/Nkoro Local Government Areas in the eastern flank of the state.
Managing Director of the commission, Dr Samuel Ogbuku, who disclosed this at the NDDC Headquarters during his first official media chat in Port Harcourt on Wednesday, said that the new interventionist agency’s leadership was looking at legacy projects to quickly complete and commission.
Ogbuku was flanked by the NDDC Executive Director, Finance and Administration, Major-General Charles Airhiavbere, (rtd), and other Directors, during the interactive media briefing.
The managing director said, “One of these projects is the construction of the 3.65-kilometre Okrika-Borokiri Road with three bridges connecting Kolabi, Abotoru and Okpoka creeks to Port Harcourt,” adding that the link road was a very significant project for the people of the state.
He explained that talks between the NDDC and contractors for the project have been very fruitful, and assured that construction work would resume within a week.
The chief executive officer of the commission remarked: “The contractor has assured us that by next week, they will mobilise to site. They also assured us that the project will be completed in two years. We do not want to spread ourselves thin. We do not want to take on too many projects that we cannot complete in good time.”
Ogbuku also noted that due to the long delay in execution and completion of the project, there may be the urgency to review the value upward from the initial sum of N16.5billion cost as at the time of signing the contract several years ago to reflect present economic realities.
He noted that another big ticket project under the Converting Liabilities To Assets Initiative would be the construction of dams to check perennial flooding in Rivers, Bayelsa and Delta states as a pilot scheme.
Ogbuku emphasised that apart from harnessing the abundant water bodies causing havoc and destroying livelihoods in communities in the Niger Delta, the dams would also generate electricity for the affected states, leveraging on the Federal Government’s liberalisation policy in the power sector.
The NDDC, he added, was also concluding designs for emergency holding centres to provide comfortable shelter to thousands of vulnerable internally displaced persons (IDPs) by persistent flooding in communities in the affected states, stressing that the centres would be equipped with schools, water, sanitation and health facilities to cater to the urgent needs of victims of natural disasters.
He further stated that future relief materials for victims of flooding and other natural disasters, who take refuge at the emergency holding centres, would be presented to the beneficiaries directly at the facilities rather than going through governments and emergency relief agencies as a means of reducing bureaucracy while achieving quick impact.
Ogbuku assured the readiness of NDDC under his watch to work in synergy with the nine state governments to achieve integrated sustainable development of the region, saying that the commission was already working with representatives of all the cat mentioned state governments in its budgeting process to avoid duplication of projects and responsibilities while harnessing scarce resources for the benefit of the people.
On the way forward, he stated that establishing an effective and sustainable Corporate Governance system as well as Key Performance Indicators (KPIs) in the commission will be a game changer for the commission.
He noted that having an effective Corporate Governance system in place was key to the future successes and sustainability of the NDDC.
The chief executive officer affirmed that the commission was laying a solid foundation for impactful development of the Niger Delta region; strengthening Public-Private Partnerships and ensuring that its projects and programmes were aligned with the needs and aspirations of the people of the region.
He said: “In the past six months, NDDC has been engaged in building a sustainable foundation to ensure that we run on a smooth and right track. We are working to put in place a Corporate Governance System that will enable the commission run in accordance with global best practices.”
The NDDC boss declared: “Once there is Corporate Governance system, you cannot beat it. That means you must be subjected to the processes and procedures. That is the game changer for us. We want to regulate ourselves internally. That is why we must establish a Corporate Governance system.
“Whenever we go out seeking for partnerships, one thing these prospective partners and donor agencies look out for is our internal control system. We are willing to be internally regulated. So, we need to establish a Corporate Governance system. We are talking with KPMG, a reputable global business consultancy, to help us establish a sustainable Corporate Governance system.”
On the state of the commission, he said that on assumption of duties, the current Executive Management realised that the commission was working with many Directorates with overlapping functions.
Many of the Directorates, he said, were not created to enhance service delivery of the commission but were set up for some ethnic and political interests.
Ogbuku noted: “I met about 30 Directorates as against the 13 provided for in the Act establishing the NDDC. Today, merit is our watchword and the over 30 Directorates have been reduced to the 13 Directorates stated in the NDDC Act.”
He noted the Policy Dialogue opportunity held in Abuja recently, adding that learnings from the forum would help the management fashion strategic policies and take decisions which results would make a difference in the lives of the people.
The MD also noted some new initiatives such as project HOPE designed to drive programmes and engagements to develop database for capacity building and empowerment of youths and women through technical and vocational training in various skills, and Niger Delta Chamber of Commerce to mobilise and support small and medium entrepreneurs to grow the economy of the region.
Ogbuku urged youths of the region to guard against scammers and register for project HOPE free of charge through the dedicated portal, while advising potential entrepreneurs to join the chamber and take advantage of the window to boost their businesses and grow the economy of the region.
While responding to questions, he said that the recent comments on the commission’s activities by former Rivers State Governor, Chief Nyesom Wike, serves as a push for positive change in driving the development process in the Niger Delta region.
He commended the former governor for the milestones he achieved in urban centre modernization, stating that his remarks about the NDDC will spur the commission to positively change the narrative about the interventionist agency.
Ogbuku stated: “We will not join issues with former Governor Nyesom Wike. He has done well for the people of Rivers State, especially in the area of urban modernisation. Rather, we are spurred by his comments to change the narrative about the NDDC positively.”
By: Nelson Chukwudi
President Bola Tinubu yesterday signed into law four tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.
The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.
The ceremony took place at the Presidential Villa, yesterday.
The ceremony was witnessed by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.
The presidency had earlier stated that the laws would transform tax administration in the country, increase revenue generation, improve the business environment, and give a boost to domestic and foreign investments.
“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Special Adviser to the President on Media, Bayo Onanuga said on Wednesday.
Before the signing of the four bills, President Tinubu had earlier yesterday, said the tax reform bills will reset Nigeria’s economic trajectory and simplify its complex fiscal landscape.
Announcing the development via his official X handle, yesterday, the President declared, “In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.”
Tinubu made a call to investors and citizens alike, saying, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”
He described the bills as not just technical adjustments but a direct intervention to ease burdens on struggling Nigerians.
“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu wrote.
According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”
He added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency.
The tax reforms, first introduced in October 2024, were part of Tinubu’s post-subsidy-removal recovery plan, aimed at expanding revenue without stifling productivity.
However, the bills faced turbulence at the National Assembly and amongst some state governors who rejected its passing in 2024.
At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed.
They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.
After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax.
By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.
In his tweet, Tinubu stressed that this is just the beginning of Nigeria’s tax evolution.
“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.
“A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” he stated.
He further acknowledged the contributions of the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigeria’s subnational governments.
The President added, “We are not just signing tax bills but rewriting the social contract.
“We are not there yet, but we are firmly on the road.”
The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.
Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.
However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.
Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.
A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.
It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.
The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.
“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.
“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”
But lawmakers rejected the request.
The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.
“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.
“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.
Other lawmakers echoed similar frustrations.
Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.
The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.
Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.
Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”
Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.
The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.
Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.
The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.
The National Association of Nigerian Travel Agencies (NANTA) said over 17 million Nigerians travelled out between 2023 and 2024.
This is as the association announced that it would be organising a maiden edition of Eastern Travel Market 2025 in Uyo, Akwa Ibom State capital from 27th to 30th August, 2025.
Vice Chairman of NANTA, Eastern Zone, Hope Ehiogie, disclosed this during a news briefing in Port Harcourt.
Ehiogie explained that the event aims to bring together over 1,000 travel professionals to discuss the future of the industry in the nation and give visibility to airlines, hospitality firms, hospitals and institutions in the South-South and South-East, tagged Eastern Zone.
He stated that the 17 million number marks a significant increase in overseas travel and tours.
According to him, “Nigerian travel industry has seen significant growth, with 17 million people traveling out of the country in 2023”.
Ehiogie further said the potential of tourism and travel would bring in over $12 million into the nation’s economy by 2026, saying it would be a major spike in the sector, as 2024 recorded about $4 million.
“The potential of tourism and travel is that it can generate about $12 million for the nation’s economy by 2026. Last year it was $4 million.
“In the area of travels, over 17 million Nigerians traveled out of the country two years ago for different purposes. This included, health, religious purposes, visit, education and others,” Ehiogie said.
While highlighting the potential of Nigeria’s tourism, he said the hospitality industry in Nigeria has come of age, saying it is now second to none.
The Vice Chairman of NANTA, Eastern Zone further said, “We are not creating an enabling environment for business to thrive. We need to support the industry and provide the necessary infrastructure for growth.”
He said the country has a lot of tourism potential, especially as the government is now showing interest in and supporting the sector.
Ehiogie emphasized that NANTA has been working to support the industry with initiatives such as training schools and platforms for airlines and hotels to sell their products.
He added, “We now have about four to five training schools in the region, and within two years, the first set of students will graduate. We are helping airlines sell tickets and hotels sell their rooms.”
Also speaking, former Chairman of the Board of Trustees of NANTA, Stephen Isokariari of Dial Travels, called for more support from the industry.
Isokariari stated, “We need to work together to grow the industry and contribute to the nation’s Gross Domestic Product.
“With the right support and infrastructure, the Nigerian travel industry has the potential to make a significant contribution to the nation’s economy.”