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Buhari Orders Forensic Audit Of NDDC …Slashes Ministers’ Foreign Trips, Estacodes To Cut Cost

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President Muhammadu Buhari, yesterday, ordered a forensic audit of the operations of the Niger Delta Development Commission (NDDC) from 2001 to 2019.
Buhari, in statement issued by his Special Adviser on Media and Publicity, Chief Femi Adesina, said the action was taken out of worry over criticisms of the operations of the commission, and after he received governors of nine states that make up the commission, who had called for the repositioning of the NDDC.
The delegation was led by Governor Seriake Dickson of Bayelsa State,
According to the President, what is presently on the ground in the South-South region does not justify the huge resources that have been made available to the organisation.
He said, “I try to follow the Act setting up these institutions, especially the NDDC. With the amount of money that the Federal Government has religiously allocated to the NDDC, we will like to see the results on the ground; those that are responsible for that have to explain certain issues.
“The projects said to have been done must be verifiable. You just cannot say you spent so much billions and when the place is visited, one cannot see the structures that have been done. The consultants must also prove that they are competent.
“The President admitted that developing the Niger Delta area required enormous resources compared to other parts of the country with firmer lands”.
He said, “I am acutely aware, with my experience, that projects in your area are very expensive; that is why if any job is given, we must make sure that the company is competent and has the capacity to do it well with experienced consultants.”
He, however, said that he would wait for the report of the audit before deciding on the next line of action regarding the NDDC.
Dickson had earlier expressed the disappointment of other governors with the operations of the NDDC, which they said was characterised by poor choice of projects, shoddy handling, uncompleted jobs and lack of the required support for the efforts of the states and local government administration in the region covered by the organisation.
He called for the repositioning of the NDDC in order to achieve the objectives for which it was set up. Briefing journalists after the meeting, Dickson, who is also chairman of the South-South Governors Forum, listed the NDDC states as Rivers, Akwa Ibom, Delta, Edo, Cross River, Bayelsa, Abia, Imo and Ondo.
He said, “Our concern has to do with the stability and development of the Niger Delta. We had a robust discussion with Mr. President who fully understands the challenges that come with development, and he promised to look into the challenges which he’s aware of and we all agreed to work together”.
Present at the meeting were Governors Ifeanyi Okowa (Delta); Nyesom Wike (Rivers); Seriake Dickson (Bayelsa); Deputy Governor of Edo State, Philip Shaibu; Minister of Niger Delta Affairs, Senator Godswill Akpabio; Minister of State for Niger Delta, Senator Tayo Alasoadura; among others.
Meanwhile, President Muhammadu Buhari has reduced the number and duration of foreign trips for ministers and other categories of government officials in a move described as cost-saving measure to achieve fiscal prudence.
In a statement signed by the Director of Information at the Office of the Secretary to the Government of the Federation, Willie Bassey, the President also removed travelling financial benefit known as estacode allowance and cut down the number of persons permitted to travel with the ministers and other government officials for official trips.
The President, however, approved the use of business class for ministers and economy class for lower categories of government officials.
However, approval for such trips must be sought through the office of the SGF or Head of the Civil Service of the Federation, the statement added.
The statement read, “In a bid to curb leakages and ensure efficiency in the management of resources of government, President Muhammadu Buhari has approved, for immediate implementation, additional cost-saving measures aimed at instilling financial discipline and prudence, particularly, in the area of official travels.
“Henceforth, all Ministries, Departments and Agencies (MDAs) are required to submit their yearly travel plans for statutory meetings and engagements to the Office of the Secretary to the Government of the Federation and/or the Office of the Head of Civil Service of the Federation for express clearance within the first quarter of the fiscal year, before implementation.
“For class of air travels, the President has approved that ministers, permanent secretaries, special advisers, senior special assistants to the President, chairmen of extra-ministerial departments and chief executive officers of parastatals, who are entitled will continue to fly business class while other categories of public officers are to travel on economy class.
“Travel days will no longer attract payment of estacode allowances as duration of official trips shall be limited to only the number of days of the event as contained in the supporting documents to qualify for public funding.”
The statement added that only trips that would benefit the country must be embarked upon by the affected officials, noting also that ministers and other categories of government officials must not travel more than twice within a quarter of a year except with the permission of the President.
It noted, “On the nature and frequency of travels, all public funded travels (local and foreign), must be strictly for official purposes backed with documentary evidence. In this regard, all foreign travels must be for highly essential statutory engagements that are beneficial to the interest of the country.
“Except with the express approval of Mr President, ministers, permanent secretaries, chairmen of extra-ministerial departments, chief executive officers and directors are restricted to not more than two foreign travels in a quarter. The Auditor-General of the Federation has been directed to treat all expenditures that contravene these guidelines as ineligible.”
Reacting, a financial expert, Mr Momoh Aliyu, has urged state governors to emulate the Federal Government by cutting down their travelling expenses and utilise it for development projects.
Aliyu gave the advice in an interview with newsmen, in Abuja, yesterday.
The expert was reacting to directive by the Federal Government that henceforth there would be slash in travelling expenses of its officials.
Aliyu, who is also the managing director of Cyber1 Systems Network International, explained that the development was a wake-up call to governors, and indeed, all other governments’ agencies in the country.
He said overhead cost of travelling in the budget was alarming and taking chunks of the vote heads.
“The action by the president is an act of setting the pace to other parastatals, ministries and states governments,’’ he said.
The expert said that the Nigerian Government had over the years been criticised of wasting and mismanaging the scarce resources.
He described the development as the right step in the right direction.
“The ministers and other government functionaries should understand the need to be on seat to attend to pressing issues.’’
Aliyu also acknowledged the efforts of the ministry of technology in ensuring e-government systems.
But the Peoples Democratic Party (PDP), yesterday, reacted after President Muhammadu Buhari restricted foreign travels to two per quarter for heads of Ministries, Departments, and Agencies.
The government also cancelled first-class air tickets for some category of officials.
However, PDP challenged Buhari to “lead by example by ending the profligacy that pervades his Presidency in order to give validity to his directives to ministers and other functionaries.”
In a statement by its spokesperson, Kola Ologbondiyan, the former ruling party berated the President for approving the appointment of two aides for his wife, Aisha.
The party charged the Buhari Buhari Presidency to explain the “basis and source of Presidential support for the Office of the First Lady, including the appointment of aides, contrary to his promise not to run that office.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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