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BOT: Nigeria’s Future Lost If PDP Loses Rivers – Sen Wabara …Says Crisis’ll Soon Be Resolved …As Gov Fubara Assures Rivers Still PDP State
Rivers State Governor, Sir Siminalayi Fubara, has shamed woeful speculators of his imaginary dumping of the Peoples Democratic Party (PDP), and insisted that Rivers is still a PDP-controlled State.
The Governor emphasised the importance of clarifying that position to discountenance rumours being peddled in some quarters that he has left the PDP.
Governor Fubara made the reaffirmation when a delegation of the Board of Trustees (BoTs) of the PDP, led by the Chairman, Senator Adolphus Wabara, visited him at Government House in Port Harcourt on Tuesday.
The delegation visited, as they stated, in search of peace and unity of the PDP because they are scared of losing Rivers State.
Governor Fubara said, as was normally expected, he doubted his membership of the PDP at some time but the visitation from the BoT has offered a stronger conviction that he is a member of the PDP family.
He said, “I want to thank the Chairman and members of the Board of Trustees. Honestly speaking, if I was having any doubt about my membership first, of this great party, I think today, I have gotten a reconfirmation that I am still, not minding the drama around, a member of this party.
“And, I want to thank you for taking all the troubles to come to Rivers State to see the Governor and the supporters of the party, genuinely. I need to use that word, genuinely, because we, that are here, are members of the Peoples Democratic Party (PDP), undiluted.”
Governor Fubara noted that, “for once, I am happy to see the leaders, among whom are some founding fathers of the PDP, like Chief Bode George, Senator Ahmed Makarfi, Dr Okwesilieze Nwodo, joining the delegation here to talk about the unity of the party.”
He recalled their courage, sacrifices and foresight when they sat down, crafted the Constitution of the PDP that they so named, nurtured it to become what people have come to know of it and greatly benefited.
Governor Fubara said: “It doesn’t matter the number of people who watered it (PDP) and it became what it is. I am happy that today, they are with us here and to discuss the issue of Rivers State.
“I want to assure members of our party, genuine members of PDP that are here with us, that this is another hope to show that our decision to stand by the party, still standing by the party, is not a wrong decision.”
Governor Fubara stated that “the visit by the delegation of BoT is for one purpose: to ascertain what is the problem that has caused so much dissatisfaction and tearing down the party. How did it start and how did it degenerate to what it is today.”
The Governor said in such efforts to search out the truth, it was also vital for them to understand how passionately he cherishes the importance of information and the need to stay on the path of truth.
Governor Fubara stated: “I am very conscious of the importance of information. I know that a lot of information are flying here and there. But, I also know that whatever I have said anywhere, I have still maintained that position.
“What I have said in Abuja is the same thing I say in Port Harcourt. If I have had any encounter with anybody in Lagos, I don’t think my story has changed. So, I strongly believe that when we go into the executive session, I will let the board members who have visited us to know or to hear my side of the story.”
Governor Fubara emphasised: “But, so far, what is important this afternoon is that we are still members of the party, and the owners of the party have visited us.
“So, for those people outside who are carrying all sorts of rumour and propaganda, at least, this visit will put those propaganda to rest, and to tell the world that we are and we still remain members of the Peoples Democratic Party (PDP),” he stated.
In his speech, Chairman of the Board of Trustees of the Peoples Democratic Party (PDP), Senator Adolphus Wabara, explained that they visited as the conscience of the party in search of peace and unity because of the ungodly tension in recent times that has threatened the PDP in Rivers State.
Wabara, a former Senate president, said the PDP was scared already of losing Rivers State, adding that if that truly happens, then the future of Nigeria will be truly lost, with no abiding hope in Nigerians anymore.
The BoT Chairman said: “We, the Board of Trustees of this party, came here in search of peace and unity of the Peoples Democratic Party (PDP).
“We have been reading all kinds of things on the pages of newspapers and the Internet, for those who are Internet savvy. But, we, as elders of this great party decided to come to hear from the horse’s mouth.
“First of all, we want to thank you for still being there because this party should not be allowed to die. And, it is for this very reason that I am thanking you, on behalf of my colleagues, and as you can see, it’s not from one geo-political zone. We are well represented nationally.”
Senator Wabara emphasised: “We were scared Sir, when we heard or read speculations, perceptions or what have you, that the party, if we are not careful, might lose Rivers State. Of course, if we loose Rivers State, Nigeria has lost its future.
“We don’t want what happened in 2015, and 2023 to repeat itself. These men and women you see here are very neutral. But as the conscience of the party, we must go by the rule of law. And anything you do, going by the rule of law, can never be wrong. It may be delayed, but it cannot be wrong,” he said.
Senator Wabara acknowledged that Governor Fubara has demonstrated enormous care for the PDP, which is why he has been so patient with the inactivity of the party leadership amidst the crisis.
He said: “I don’t want to describe it. Otherwise, as a Governor, we have former Governors here, I doubt if they would have taken as much as you have. So, on behalf of this party, once again, let me thank you for your resilience, your wisdom, and for the fact that you are still in this party.
“And to assure you that the Board of Trustees under my watch and with these serious minded Nigerians, will deal with the matter as constitutionally allowed,” he assured.
Briefing newsmen after the meeting with the Governor and other elders and leaders of the PDP in the State, Senator Wabara expressed appreciation to Governor Fubara for giving them the opportunity to hear his own side of the story, and noted with optimism, that the political crisis in the State will soon be resolved.
He assured that the delegation will meet with the other party in the crisis to also hear from them, as according to him, “there is always two sides to a coin”, adding that it is better late than never.
Senator Wabara reiterated that the PDP under his watch as BOT Chairman, will not allow what happened in 2015 and 2023 to repeat, and will not, therefore, stand helplessly while the largest party in Africa is destroyed by a few individuals.
The Chairman emphasised that based on its findings, the BOT will make its recommendations to the National Working Committee (NWC) of the PDP for implementation, bearing in mind that the party must be united to win the 2027 elections.
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.”