Connect with us

News

2017: We’ll Foucs On Measures To Revive Economy – Reps

Published

on

The House of Representatives has declared that the nation’s economy and measures that would lead Nigeria out of the current economic recession in the year 2017.
Speaker of the House, Hon. Yakubu Dogara, in his welcome address, yesterday, noted that the green chamber, will in the New Year focus on legislations that will lead the country out of economic crisis.
“Honourable colleagues, the economy must be our central focus in 2017. Measures to exit Nigeria out of recession must be the critical aspect of our legislative activities,” he said.
Dogara, who noted that the 2017 budget provides another opportunity to redirect the country’s economic policies, said measures, including import prohibition of some items and reduction in tariff of other items will be considered.
“The 2017 Budget remains the major tool to rejig our economy. This is in addition to other fiscal and monetary policies. The recent fiscal measures including import prohibition of certain items and the increase or decrease of tariff on some items should receive appropriate legislative scrutiny to ensure that the economy and the interests of our people are protected. We must ensure that we take no prisoners in accomplishing this task.
“We must brace up and work assiduously and conscientiously to give Nigerians a budget that will not only lift us out of recession but kick start the needed expeditious journey into Nigeria’s prosperity. We pledge to reform the budget process.
“To this end therefore, we would ensure that the procedure and process of consideration and passage of the 2017 Budget is transparent, inclusive and professionally handled. The details of the Budget should be debated and passed in Plenary to avoid those needless pitfalls that normally characterise the budget process,” he said.
While re-affirming his commitment to critical reforms in the budget process, Dogara announced that details of the 2017 appropriation act will be discussed and passed by all members at the plenary.
This according to him will avoid contradictions in the budget details, at the same time foreclose suspicion and allegation of budget padding.
“The details of the Budget should be debated and passed in Plenary to avoid those needless pitfalls that normally characterize the budget process,” Dogara said.
Meanwhile, Dogara has decried incessant impeachment of speakers of the states houses of assembly, noting that the development poses serious threat to Nigeria’s democracy.
“The recent spate of impeachment of speakers of Houses of Assembly of states gives cause for grave concern,” he said.
Dogara, who acknowledged the rights of the legislature to conduct its internal affairs without interference, noted that external influence in that direction was unhealthy for the country’s democracy.
“While we recognize the constitutional right of the legislature to conduct its internal affairs including the right to hire and fire it’s leadership, it presents a different scenario where such leadership hiring and firing is rife with accusations and insinuations of external influence and also devoid of extant procedure.
“Leaders everywhere can only function efficiently where there is certainty that commendation is the reward for good leadership and sanction the consequence of inept leadership,” he stated.

Continue Reading

News

Independence Anniversary:  Nigeria Is A Failed Grandfather – Monarch 

Published

on

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 

Continue Reading

News

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

Published

on

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.

Continue Reading

News

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

Published

on

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.

Continue Reading

Trending