News
NASS Passes N7.44trn 2017 Budget

The National Assembly, yesterday, passed the long awaited 2017 Appropriation Bill of N7.441trillion as the lawmakers increased the general budget figure by N3billion.
The National Assembly has also released a breakdown of its 2017 Budget of N125billion, with additional N10 billion to NASS’ 2016 Budget of N115billion.
President Muhammadu Buhari had in December, 2016 presented a budget of N7.289 trillion to the National Assembly but the lawmakers increased the figures to N7.441trillion, indicating about N143billion increase.
Details of the N143 billion increase in the budget figures shows that the National Assembly increased the budgetary allocation of the Amnesty programme (Niger Delta Development Commission) by N10billion while the lawmakers also hiked its own budget by N10billion.
The National Assembly also through the additional allocations in the budget initiated the commencement and completion of the second Abuja airport runway which was not initially in the budget at the cost N10billion, while it also enlarged the budget for road project construction across the country by N25billion.
The budget figures for the National Youth Service Corps (NYSC) also received more funds as presented by the executive while the lawmakers in this budget initiated the renovation of the Abeokuta Airport construction of the Warri-Aladja railway line, among others.
Details of the budget indicates that out of the N7.441,175,486,758 trillion passed by the National Assembly, N2,177,866,775,867 trillion is for capital projects, while N434,412,950,249 billion is for statutory transfer.
Also, the sum of N1,841,345,727,206 trillion is for debt services, while N177,460,296,707 billion is for sinking fund, just as N2.987,550,033,436 is for recurrent (non debt) expenditure.
The statutory transfer is broken down in the budget by which N100 billion is allocated to the National Judicial Council (NJC), while N64,023,554,666 billion is allocated to the Niger Delta Development Commission (NDDC).
Similarly, N95,189,395,583 billion was allocated to the Universal Basic Education Commission (UBEC), while National Assembly allocated to itself the sum of N125 billion, even as the public complaint commission got N4 billion.
While the Independent National Electoral Commission (INEC) got N45billion, the National Human Rights Commission got N1,2000,000,000 billion.
The lawmakers budgeted N1,488,002,436,547 trillion is for domestic debt services, while N175,882,993,952 is for foreign debt services, making a total of N1,663,885,430,499.
On the personnel aspect of the recurrent expenditure, the Office of the Auditor General for the Federation was allocated N 2,693,253,521 billion, while Ministry of Budget and National Planning was allocated N8,843,198,998 billion, and Federal Ministry of Agriculture and Rural Development was allocated N31,752,144,051 billion for personnel expenditure.
Also, the Ministry of Defence was allocated N330,543,309,223 billion, while the Federal Ministry of Education got an allocation of N398,686,819,418 billion, even as the Federal Ministry of Environment was allocated N16,108,983,841billion for personnel expenditure.
The Federal Ministry of Finance was allocated N9,521,555,393 billion, while the Ministry of Foreign Affairs was allocated N56,424,094,037billion, and the Federal Ministry of Health was allocated N252,854,396,662billion, and the Federal Ministry of Industry, Trade and Investment got N10,797,165,779 billion for personnel expenditure.
Also, the Federal Ministry of Information and Culture was allocated N40,821,093,321billion, while Federal Ministry of Interior was allocated N472,597,817,561billion, and the Federal Ministry of Justice got N21,038,344,711billion, even as the Federal Ministry of Labour and Employment got N8,626,186,611billion for personnel expenditure.
The Federal Ministry of Mines and Steel Development got N10,385,055,182 billion, Federal Ministry of Niger Delta got N1,764,382,365 billion, Federal Ministry of Petroleum Resources got N63,222,101,051billion, Federal Ministry of Science and Technology got N27,785,074,208 billion, the Federal Ministry of Transportation got N14,810,103,581billion for personnel expenditure.
In the same vein, the Federal Ministry of Water Resources was allocated N7,301,176,944 billion, while the Federal Ministry of Women Affairs was allocated N1,466,534,201billion, and the Federal Ministry of Power, Works and Housing got N32,821,929,055billion, and the
Federal Ministry of Youth and Sports Development got N89,316,015,167billion for personnel expenditure.
While the Fiscal Responsibility Commission was allocated N332,848,038billion, the Independent Corrupt Practices and Related Offences Commission (ICPC) got N5,159,640,131billion, and the Infrastructure Concessionary and Regulatory Commission (ICRC) got N884,624,464billion, and the Federal Ministry of Communications Technology got N11,192,782,734billion, just as the National Salaries, Income and Wages Commission was allocated N631,503,868 billion for personnel expenditure.
Also, the Office of the National Security Adviser got N76,281,025,653billion, while the Office of the Head of the Civil Service of the Federation was allocated N6,652,280,969billion, and the State House was allocated N22,947,666,215 and the office of the Secretary to the Government of the Federation (SGF) got N51,933,366,906billion for personnel expenditure.
In the Capital Supplementation, a total Allocation of N310,037,229,460 billion was approved, of which the GIFMIS/IPPIS Capital budget is N5billion, while OSSAP- SDGs (Special Projects) got N9billion, and OSSAP-SDGs (Conditional Grants) is N10billion, just as OSSAP-SDGs (Social Safety Nets) is N15,902,000,000 billion, Capital Exigencies/Adjustment to Capital Cost N5billion.
The National Development Plans (Ministry of Budget and National Planning)N 1,000,000,000, Head of Service (Federal Government Staff Housing Loans Board) 1,000,000,000, Zonal Intervention Projects N100,000,000,000, North-East Intervention Fund N45,000,000,000, Counterpart Funding Including Global Fund/Health 3,500,000,000.
Also, the Payment of Local Contractors’ Debts/Other Liabilities had N20,000,000,000, Galaxy Backbone had N4,000,000,000 Contingency (Capital) N10,000,000,000, Recapitalisation of Development Finance Institutions N15,000,000,000.
Subscriptions to Shares in International Organisations N28,635,229,460, SDG: Special Intervention Project N1 12,000,000,000, SDG: Special Intervention Project N2 8,000,000,000, Facilities and Technical Services N14,500,000,000.
Implementation of the Economic Recovery and Growth Plan (ERGP) and Establishment of Delivery Unit at the Presidency hot N2,500,000,000, while the total Capital Supplementation is N310,037,229,460, and the Capital in FGN Special Intervention Programme is N150,000,000,000.
Just before the passage of the bill, the Lawmakers commended the committee and the entire red chamber for coming up with a detailed Appropriation Bill; the first of it’s kind since 1999.
Speaking earlier on the generality of the Budget, Senate Minority leader Godswill Akpabio commended the senate for doing a thorough job.
News
Ibas Inaugurates RSIEC, Service Commissions, Healthcare Board In Rivers …Charges Appointees To Embrace Principles Of Service

The Administrator of Rivers State, Vice Admiral (Rtd) Ibok-Ete Ibas, has charged newly appointed Board members to uphold the highest standards of discipline, competence, integrity, and unwavering dedication in their service to the State.
He emphasized that such commitment is critical to stabilizing governance, restoring democratic institutions, and advancing the principles of good governance in the State.
This was contained in a statement by the Administrator’s Senior Special Adviser on Media, Hector Igbikiowubo on Monday.
Ibas issued the charge on Monday while inaugurating the reconstituted Rivers State Independent Electoral Commission (RSIEC), Rivers State Civil Service Commission, Rivers State Local Government Service Commission, and the Rivers State Primary Health Care Management Board at Government House, Port Harcourt.
The Administrator urged the new appointees to embrace their roles with diligence, patriotism, and a commitment to transforming Rivers State through excellent service.
Addressing the Chairman and members of RSIEC, Ibas underscored their pivotal role in ensuring credible local government elections that reflect the will of the people.
“Your task is clear but demanding: to conduct free, fair, transparent, and credible elections at the grassroots level. You must resist bias, favoritism, and external interference while restoring public confidence in the electoral process,” he stated.
“The independence of your actions is crucial to sustaining peace, stability, and grassroots governance. I urge you to act with fairness, impartiality, and professionalism—even in the face of difficult choices,” Ibas added.
The Sole Administrator also charged the Rivers State Civil Service Commission on the need to eliminate mediocrity and foster a culture of excellence through merit-based recruitment, training, and promotions.
“The civil service must transition from favoritism to competence, integrity, and accountability. Your commission will lead reforms, including digital transformation and standardized practices across ministries, departments, and agencies,” he said.
He disclosed that extensive training programmes are underway, with a committee set up to overhaul the public service framework for greater efficiency.
Meanwhile, Ibas urged the Rivers State Local Government Service Commission to ensure professionalism and discipline in local government administration.
“As the closest tier of government to the people, you must drive reforms that insulate the system from politics and mediocrity. Your mandate includes merit-based recruitment, training, and enforcing standards for effective service delivery,” he stated.
In the same vein, the Administrator charged the Rivers State Primary Health Care Management Board with revitalizing healthcare delivery across the state’s 23 local government areas.
“Primary healthcare is the foundation of a sustainable health system. Your board must ensure facilities are adequately staffed, equipped, and operational focusing on maternal health, immunization, malaria control, and community health services,” he said.
He emphasized data-driven operations, incentives for rural health workers, and restoring the referral system to improve healthcare access.
He also assured the Board of sustained government support, including funding, for the effective discharge of their mandates but warned that board members would be held accountable for their performance.
The newly inaugurated members include: RSIEC: Dr. Michael Ekpai Odey (Chairman) with Prof. Arthur Nwafor, Prof. Joyce Akaninwor, and others as members.
Civil Service Commission: Dr. Livinus Bariki (Chairman), Amb. Lot Egopija, Mrs. Maeve Bestman, and others.
Local Govt. Service Commission: Mr. Isreal Amadi (Chairman), Rear Adm. Emmanuel Ofik (Rtd), Dr. Tonye Pepple, and others.
Primary Health Care Board: Dr. Dawari George (Chairman), Dr. Chituru Adiele (Executive Director), Prof. Kaladada Korubo, and representatives from key ministries.
News
Rivers PDP Debunks Sale Of LGA Election Forms

The Publicity Secretary of the Peoples Democratic Party (PDP) in Rivers State, Dr. Kenneth Yowika, has debunked claims that the party has commenced sale of forms for chairmanship and councillorship elections across the 23 local government areas of the state.
Yowika made the rebuttal in a statement made available to newsmen on Wednesday, describing the publication on the social media as baseless and untrue.
He urged members of the PDP to disregard the claim, saying that official communication regarding the sale of forms would be disclosed through the appropriate channels.
“With reference to information trending on social media, it has been falsely claimed that the sale of forms for Chairmanship and Councillorship elections in the 23 Local Government Areas (LGAs) of Rivers State will begin soon.
“However, the party has firmly denied these rumours, stating that they are baseless and untrue.
“The party has its own established methods of reaching out to its numerous supporters.
“The People’s Democratic Party, a law-abiding organisation, will patiently await the release of guidelines from the recently inaugurated Rivers State Independent Electoral Commission (RSIEC) before considering any sale of election forms.
“The PDP is urging its members to remain calm as official communication regarding the sale of forms will be disclosed through appropriate channels,” the statement read.
Enoch Epelle
News
South-South contributes N34trn to Nigeria’s economy in 2024 – Institute
Prof. Pius Olanrewaju, President of the Chartered Institute of Bankers of Nigeria (CIBN), has stated that the South-South region contributes N34 trillion to country’s economy in 2024.
He made the remark at the South-South Zonal Banking and Finance Conference in Calabar, yesterday.
He spoke on the theme, ‘’Building An Inclusive South-South: Economic Diversification as a Catalyst For Development.’’
Olanrewaju, who quoted the data from the Cable Data Index, said the feat was more than 21 per cent of Nigeria’s real Gross Domestic Product (GDP).
The president described the growth as ‘’ impressive,’’ saying that it was not driven by oil alone but significant expansions in trade, services, and the creative industries.
According to him, to fully harness this potential, coordinated financial, technological, and policy support is essential.
“As we work to reposition the South-South for broad-based prosperity, the financial system must play a central role, not merely as a source of capital, but as a catalyst for innovation, ideas incubation, and inclusive economic growth.
“This conference, therefore, provides a strategic opportunity for stakeholders to reimagine the South-South economy, not merely as a resource belt, but as a region of diverse capabilities and resilient enterprises.”
Olanrewaju added that Nigeria must move beyond old models and chart a new course for the development of the South-South region, where financial institutions and stakeholder collaborate to diversify the economy for shared prosperity.
He, however, commended Gov. Bassey Otu for his pledge of land for CIBN Secretariat in Cross River and being the first sitting governor to willingly undergo and complete the Chartered Bankers Programme.
On his part, Gov. Otu said that the conference discussion on the economic diversification in South-South region was timely against the backdrop of global trade and economic volatility that was affecting the nation’s economy.
Represented by his deputy, Mr Peter Odey, Otu said the South-South region must now act with urgency to diversify its economy while leveraging its shared natural endowment in agriculture and extractive resources.
“This conference must help develop tailored financial solutions that reflect the unique strengths and realities of states like Cross River in the south-south.
“Diversification should be evidence-based and must be backed not just by financial advice but project focused financing and real investment support,” he noted.
He said that Cross River had taken the bold step to invest in its agricultural sector by launching an Agro processing hub.
Otu further said that the state had invested in aviation by acquiring more aircrafts for Cally Air, construction of the Bakassi Deep Seaport and injecting N18 billion in its tourism sector.
Similarly, Mr Tolefe Jibunoh, Cross River Branch Controller of the Central Bank of Nigeria (CBN) said that the region was blessed with natural resources, cultural diversities and immense human potentials.
Jibunoh, who was represented by Mr Segun Shittu, Head, Currency Control Office, CBN, Calabar, noted that strategic diversification could unlock unprecedented opportunities for growth in the region.
He added that the CBN remained steadfast to maintain monetary possibilities and promote a sound financial system as a catalyst for sustainable economic development for the benefit of all.
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