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Abia Grapples With N21bn Pension Arrears, Says Commissioner

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The Abia State Commissioner for Finance, in Abia, Mr Aham Uko, says the state is putting pragmatic measures in place to offset a whooping N21 billion pension arrears.
Uko made the disclosure when he briefed newsmen in Umuahia on a fresh biometric verification of pensioners by the ministry, which kicked off in different parts of the state on Monday.
He said that the exercise was part of the measures designed to “remove irregular names” from the list and ascertain the exact number of genuine pensioners.
He further said that the verification was exclusive to state government and primary school retirees and entailed fingerprints and facial capturing of the pensioners.
The commissioner said that the 10-day exercise would end on March 27 to enable the ministry to pay the March pension to successful pensioners.
Uko said: “Government deemed it fit to conduct the biometric verification for pensioners to ascertain who the genuine pensioners are.
“The essence is to regularise and update the list of pensioners and remove the names of dead pensioners.
“Government’s intention is to ensure regular and seamless payment of pensions.”
He regretted that the ministry still had the names of dead pensioners running for upward of 10 years, adding that normally such beneficiaries “should not benefit beyond five years.”
He said that the exercise would help the government “to establish the quantum of arrears and be able to appropriate funds to liquidate the arrears in the coming months.”
The commissioner said that 55 persons were trained to run the exercise, adding that the ministry procured a server, plus a virtual server, for data storage at the end of the programme.
He said that arrangements were made to accommodate genuine pensioners, who travelled outside Nigeria.
“We made provision to capture spillovers, especially genuine pensioners outside Nigeria,” he said, adding that such persons should supply the vital information via the ministry’s website.
Uko said that plans were underway to also introduce Bank Verification Numbers to avoid duplication of names, in addition to creating a database for pensioners.
The commissioner said that the verification would help the ministry to have a comprehensive list of all the retirees, including those that retired from November 2019 to February.
He said that a list from Establishment and Pensions showed that the state’s monthly pension bill stood at N510 million before October but got reduced to N380 million after manual verifications.
“By the time we succeed in removing all the irregular names, the arrears would further come down.
“The ultimate objective is to ensure that after the verification, pensions would be paid as and when due,” he said.
The commissioner said that the ministry would extend the biometric verification to local government pensioners at the end of the ongoing exercise at the state level.
He also said that a similar verification would be conducted for the state civil servants in line with the government’s plan for automated salary payment to workers.
“By the time we automate salary payment, we shall no longer need the payroll officers and Directors of Finance to prepare salary schedule before we can pay salaries, except when there are transfers and promotions,” he said.
He said that adequate arrangements were put in place, including the provision of refreshment, free medical services and counselling, to make the verification stress-free for retirees.
Uko also spoke on the lingering inability of the government to pay gratuity to retirees, saying that he had not received the governor’s authorisation on that.
He said that government’s major concern presently was to stabilise and regularise the payment of pensions.
According to him, after that, government may begin to work out a strategy to set aside funds for the gradual payment of gratuities.

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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