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Rivers Exco Approves 2025-2027 Medium Term Expenditure Framework …Ups Payments To Pensioners By N1bn …Gives Nod To Five-Yr Extension Of Service For Teachers

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The Rivers State Executive Council has approved the framework for the Ministry of Budget and Economic Planning to commence the preparation for the 2025 budget of the State.

 

The State Executive Council gave the approval at its meeting, presided over by Governor Siminalayi Fubara, and attended by Deputy Governor, Prof Ngozi Odu, and other Council members at the Executive Council Chambers, Government House, Port Harcourt, last Thursday.

 

This follows the approval of the request by the ministry for the submission of the updated copy of the 2025-2027 Rivers State Medium Term Expenditure Framework (MTEF) to Council.

 

The Commissioner for Budget and Economic Planning, Dr. Peter Medee, disclosed this while briefing newsmen after the meeting, noting that the Medium Term Expenditure Framework, which explains the fiscal and economic outlook of government for the year under consideration, enables government to situate the economy such that the budget will not be over or under budgeted.

 

He said, “Council, today, graciously approved our request for the submission of the updated copy of the 2025-2027 Rivers State Medium Term Expenditure Framework (MTEF). The MTEF is a document that explains the fiscal and economic outlook of government for the year under consideration. It takes six years behind and three years ahead. The essence is to project and put some forecast based on which the budget of the following year will be prepared.

 

“So, today, Council has approved the framework for us to go ahead to prepare the 2025 budget of Rivers State. The essence is that the Medium Term Expenditure Framework takes into consideration the global outlook, the continental outlook, the national outlook, and the state’s specific outlook.”

 

According to him, “The idea is that when we do this focus, we will be able to situate the economy such that whatever maybe the vicissitudes of the shock or other volatilities that may affect the economy, the projection will be able to make the economy insulated, such that we will not be able to over budget or under budget.

 

“So, the Medium Term Expenditure Framework that has been presented today has taken into account the shock arising from the conflict in the Middle East, the war in Ukraine and Russia as well as other internal shocks, just like oil price as well as other daily averages that will be able to affect the economy.

 

“So, Council, in their wisdom today, has looked at all that, so that we will be able to prepare a budget that Rivers State can be moved from where we are today, where the Governor and the government of Rivers State will be able to provide value for the money, because budget is all about expected income and intended expenditure.

 

“The income we are expecting, we have been able to look at the outlay of the sources where this income will come, and we have also been able to look at what the needs are, such that the expected expenditure will be situated on the need basis and all that is what this document looked at.

 

“We have also projected the income that we are expecting from the local governments as well as other sectors. All these are packaged in the envelope, such that by the time we do sectoral distribution of this income, which is going to be the actual budget, then, we will be able to put the State on the path of growth and development.”

 

Dr. Medee noted that the 2025 budget, which will be bigger than that of 2024, will enable the Governor and government to deliver more democratic dividends to meet the needs of Rivers people.

 

He added, “One important thing that we have been able to achieve today is that the Medium Term Expenditure Framework, has projected such that we are going to have a budget that is going to be expansionary, because the figure we are looking at is greater than the figure for 2024. And because the figure is greater, it means that the delivery from the state government to the people of Rivers State is going to meet a lot of expectations, such that Rivers people will be proud that they have a government that cares for them.”

 

On his part, the Commissioner for Information and Communications, Warisenibo Joseph Johnson, stated that Council applauded the Governor for approving additional N1billion to the already subsisting N1billion Pension Fund in the State.

 

Warisenibo Johnson noted that the Governor’s gesture is worth commending as the additional fund will take care of pensioners in the State as part of his welfare package for both the civil servants and the retired senior citizens of the State.

 

He added, “Council also appreciated His Excellency for a N1billion addition to the Pension Fund. It had always been N1billion, but the Governor, in his usual mannerism, has increased that figure from N1billion to N2billion.

 

“This is to take care of our pensioners, and that is worth commending His Excellency as part of his welfare package for both the civil servants and the retired civil servants.”

 

Also speaking, the Rivers State Head of Civil Service, Dr. George Nwaeke, said Council also approved the domestication of the law elongating the number of service years for teachers across the country by extra five years for teachers in Rivers State.

 

Dr Nweake, however, stated that the approval will only be applicable to professional teachers duly registered with the Teachers’ Registration Council of Nigeria (TRCN).

 

“There is this new law elongating the number of service years for teachers across the country. Before now, teachers retire at the attainment of 60 years of age or 35 years of service to Nigeria. But this new law now has elongated the service of teachers by five extra years, so that teachers will now retire at the attainment of 65 years or 40 years of service, whichever comes first.

 

“So, today, Council has approved this particular domestication of this new service years for teachers in Rivers State. And we are talking about teachers, not administration staff or other staff working in the schools.

 

“Every person that will benefit from this must be teachers that are professional and registered with Teachers’ Registration Council of Nigeria. They must be professional teachers, and they must be teachers in the classroom, not people that are working as admin staff. This is a very heartwarming news, and Council has approved it,” he asserted.

 

He added that implementation of the policy is effective immediately, based in the circular enabling the elongation of the service year for teachers across the country.

 

 

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Independence Anniversary:  Nigeria Is A Failed Grandfather – Monarch 

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A first class traditional ruler in Rivers State, His Royal Majesty, King Aaron Ikuru, has described Nigeria at 65 as a grandfather who cannot provide leadership to other African Countries.

The monarch  stated this in an interview at his palace in Ikuru Town, yesterday.

According to him, Nigeria would have been a  developed country to set the pace in the whole of Africa, considering its numerous resources.

“Nigeria is a grandfather but not behaving as a grandfather. Our country, Nigeria, before and from the era of Independence was in the state of becoming a great country, but unfortunately is not becoming anything.

“We should be far ahead with what we have in the country. God blessed us, we have almost what it takes in terms of mineral resources, manpower amongst others that can drive speedy development in the country.

“If we’re able to harness all the things we have, even America by now would have respected us”, he  said.

While blaming the past leaders of the country, the monarch called on the current leadership of the country to redouble efforts in order to narrow the differences in terms of development, exchange rate between naira and foreign currencies.

King Ikuru, who is also the Chairman of Andoni Area Traditional Rulers Council, however, lauded the efforts of the founding fathers, past leaders of the country for the achievements so  far.

He also expressed optimism that Nigeria would be great, calling on the opinion leaders to shun tribalism and political intolerance in the country.

 

“If Nigeria should experience rapid development in all sectors, it means we must shun tribalism and political intolerance, the interest of our country must be our priority.

“We need to fight corruption vigorously, and leaders must show good example of discipline and integrity”, he said.

The monarch used the opportunity to wish Nigeria happy independence anniversary.

By: Enoch Epelle 

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FG begins payment of N32,000 pension increment to retirees – PTAD

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The Pension Transitional Arrangement Directorate has announced the start of implementation of the new pension increments for pensioners under the Defined Benefit Scheme, saying the adjustments will be reflected in the September 2025 payroll cycle.

In a statement signed by Management and posted on its X handle, PTAD said the increase package includes a fixed N32,000 payment alongside percentage increases of 10.66% and 12.95% for eligible categories, which will benefit about 832,000 pensioners under its management.

Recall that PTAD in August announced President Bola Tinubu approved a series of measures, including new welfare benefits for pensioners under DBS.

The approval follows a formal request by PTAD’s Executive Secretary, Tolulope Odunaiya, seeking an emergency budgetary allocation to implement pension reforms and welfare benefits for the scheme’s retirees.

The measures include a N32,000 pension increment, percentage increases for pensioners of defunct and privatised agencies, pension harmonisation for all DBS pensioners, enrolment into the National Health Insurance Scheme, and the settlement of long-standing unfunded pension liabilities.

In a statement yesterday, PTAD said the partial release of N820.188 billion by the Federal Ministry of Finance from the emergency funding has made it possible for pensioners to begin receiving the enhanced payments immediately.

The statement read, “Further to the President’s approval of the emergency budgetary allocation for the payment of the new pension increment rates for Pensioners under the Defined Benefit Pension Scheme (DBS) that was earlier published by the Pension Transitional Arrangement Directorate on Friday, 8th August, 2025, the Directorate is delighted to announce the commencement of the implementation of the 832,000, 10.66% and 12.95% pension increment for eligible pensioners under the management of PTAD, in the September 2025 pension payroll cycle.

“This achievement has been made possible through the partial release of 820.188 billion by the Federal Ministry of Finance, from the initial 845 billion emergency funding approval granted by the Federal Government.

“This milestone clearly reaffirms the Federal Government’s dedication to safeguarding the welfare and entitlements of DBS Pensioners in line with the Renewed Hope Agenda.”

The directorate thanked President Bola Ahmed Tinubu for approving the emergency allocation.

It also acknowledged the role of the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; the Minister of State for Finance, Dr Doris Uzoka-Anite; the Accountant-General of the Federation and key presidential aides and parliamentary committees for their “timely interventions” and support.

The statement also expressed appreciation to organised pension groups, including the Nigeria Union of Pensioners and the Federal Parastatals and Private Sector Pensioners Association of Nigeria, for their cooperation during negotiations and implementation planning.

“We further assure all our DBS Pensioners and Stakeholders that the Directorate will continue to collaborate with the relevant authorities towards release of the outstanding approved funds and subsequent fulfilment of all future obligations relating to the pension increments and the landmark reforms,” the statement added.

The DBS covers pensioners who retired before the introduction of the Contributory Pension Scheme in 2004, including those from defunct public institutions, privatised agencies, and treasury-funded parastatals.

Over the years, many have faced irregular payments, delayed harmonisation, and inadequate healthcare access, challenges that the new reforms are expected to address.

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Nigeria At 65: NOA urges citizens to foster unity, progress

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The National Orientation Agency (NOA) has urged Nigeria. citizens to remain united, peaceful to enhance development of the  nation  as it celebrates 65th independence anniversary.

Mr Mkpoutom Mkpoutom, Director of NOA in Akwa Ibom,  gave the charge in Uyo yesterday while addressing newsmen and stakeholders to mark the anniversary.

Mkpoutom said it was essential to recognise that the strength of Nigeria lay  in its diversity

“With over 250 ethnic groups and an array of languages, the nation embodies a unique blend of heritage.

“This diversity should be seen not as a dividing line but as a unifying force that propels the country toward progress.

“As Akwa Ibom embarks on another year,  it is crucial for all citizens to foster a sense of unity and shared purpose.

“Embrace dialogue, understanding and collaborate with the Renewed Hope Agenda of President Bola Tinubu in its efforts to addressing pressing challenges like poverty, security, education, and healthcare, thereby paving  way for a brighter future for all.”

The state director, however, appealed to Nigerians from all walks of life to renew their commitment to a more prosperous, peaceful, and equitable nation.

“Let this anniversary serve as a reminder of the collective strength that lies in every citizen,” he said.

He urged everyone to contribute positively to the development of a better society.

Mkpoutom urged the people and all citizens to honour the labours of heroes past, as they celebrated the present, while working diligently toward a future filled with hope and opportunities for generations to come.

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