Connect with us

Niger Delta

Bayelsa To Augment 2022 Budget By Borrowing

Published

4 years ago

on

The Bayelsa State Government plans to borrow N43.57 billion to augment the N310.7 billion proposed for the 2022 fiscal year as the state’s debt profile hits N169 billion.
The borrowing plan is contained in the state’s 2022 Appropriation Bill.
The Tide reports that the debt profile grew following the recent approval granted by the state house of assembly to Governor Douye Diri, to obtain an additional loan of N18.7 billion.
According to data obtained from the website of the Debt Management Office, Bayelsa’s debt profile as of June 2021 stood at over N150.60 billion, up from the N123 billion the current administration inherited on assumption of office in February 2020.
On October 20, Mr Diri presented the 2022 Appropriation Bill to the Bayelsa State House of Assembly which subsequently sent it to its Committee on Appropriation for legislative action.
The Tide source revealed that the 2022 Appropriation Bill, currently under consideration by the Appropriation Committee of the house, puts the running cost of governance at N70.56 billion, some 22 per cent of the budget.
The state has set aside N61.75 billion for debt servicing and repayments.
Mr Diri, in a letter to the assembly seeking the legislators’ consent for the borrowing plan, explained that the N18.7 billion loan “is a Federal Government bridging facility to cushion the effect of repayment of intervention facilities by the state government.”
The governor said the loan has a 30-year tenure and will enable the state government to meet its financial obligations.
It would be recalled that on October 6, the assembly approved Mr Diri’s request to restructure existing loans obtained by the state government from commercial banks to free more resources for ongoing projects.
The approval was the second time in 16 months that the assembly would grant Mr Diri’s request to renegotiate and restructure outstanding commercial bank loans following a similar approval in June 2020.
The N18.7 billion is the fourth in the series of loans that Mr Diri’s administration has taken following the nod of the 24-member house since it was inaugurated on February 14, 2020.
In March 2020, barely two weeks in office, the Bayelsa government took a loan of N2.9 billion to purchase cars for the governor, the deputy governor and other top government officials.
Also in November 2020, the government borrowed N17 billion from multiple sources and secured another N3.5 billion loan in December of the same year.

Related Topics:
Continue Reading

Niger Delta

Bishop Mocks Fake Prophecy Seekers … As Priests Relive Challenges At Ordination Ceremony

Published

2 days ago

on

July 18, 2025

By

Bishop of the Catholic Diocese of Bomadi, Most Rev. Hyacinth Egbebo, has cautioned Christians against belief in fake prophecies and consultation of fake prophets for miracles.
He alleged that some clergy parading miracles in the name of the Lord were witch-doctors who stage-manage miracles to deceive unsuspecting members of the public with the intent to exploit them.
The Bishop gave the admonition at the weekend during the Priestly Ordination Ceremony of Rev. Fr. Mark Inedi which held at the Christ The King Catholic Church, Imiringi Deanery, in the Ogbia Local Government Area of Bayelsa State.
The Tide, which monitored the ecclesiastical ceremony, reports that earlier in 2024, the newly ordained Priest having certified part of the requirements of the Church was ordained as a Deacon at the Diocesan headquarters in Bomadi, Delta State, paving way for him to be officially ordained as a Rev. Fr. on the 12th of July 2025 after certifying the remaining requirements of his formative years in the Major Seminaries.
“The Catholic Church gave the Holy Bible to Christendom. Christ never came with the Bible, though he was born of the Holy Blessed Virgin Mary. Christians should refrain from belief in fake prophets and miracles.
“Yes, they say the Catholic Church doesn’t perform miracles and doesn’t prophesy, but we’re the origin of Christianity, and we’re the early Church who still speak and use Latin to teach the word of God. Catholic is original.
“I don’t intend to ridicule any pastor or man of God, but pastors and Churches should stop deceiving people with fake prophecies and stage-managed miracles”, he said.
Speaking with newsmen shortly after his ‘Maiden Mass/Thanksgiving’, Rev. Fr. Inedi promised to discharge the duties of his calling with respect, obedience and humility to the Church and humanity in general.
The Priest thanked the Bishop of the Diocese, his colleagues, parents and others for the support given him through out his formative years in the seminaries, noting that it was a herculean task, but God made it possible for him to succeed in his vineyard which culminated in his ordination ceremony.
“By God’s grace I’ll try my very best as a Priest in the discharge of my Priestly duties to the Church and humanity. It was indeed challenging, but God enabled this day to become a reality.
“I want to thank and appreciate the Lord Bishop of the Catholic Diocese of Bomadi, His Lordship, Most Rev. Hyacinth Egbebo, for the encouragement and support. I also want to thank all my Senior Colleagues, my parents, relatives, family members, friends and classmates for their unrelenting support through out my formative years. May God continue to bless all of them”, he said.
In their separate remarks, the duo of the  Chairman, Christian Association of Nigeria (CAN), Bayelsa State Chapter, Very Rev. Fr. Joseph Opelema, and the Priest in charge of the Imiringi Deanery,  Rev. Fr. Peter Ikuli, described the formative years of Priesthood as very challenging.
Opelema, who also doubles as Vicar-General of the Diocese, advised the newly ordained Priest to be steadfast, courageous and dedicated to the growth of the Church and progress of the larger society.
He emphasized that Catholic Priests were called to serve humanity and  exemplify the teachings of Christ in their conducts.
“The trajectory of increase in the number of indigenous Priest from and around the Imiringi Deanery and surrounding parishes was due to Opelema’s resilience and successful ordination as a Priest in 1994.
“If Joseph Opelema hadn’t succeeded as a Seminarian and ordained successfully, having been the first prist from this area, many of us wouldn’t have become priests today”, Rev. Fr. Ikuli said.
“Please kindly note that in line with the resolutions of our Extraordinary General Meeting held between Friday 20th and Wednesday
###
Ariwera Ibibo-Howells, Yenagoa
Continue Reading

Niger Delta

Delta Leverages On Extensive River Networks To Drive Blue Economy

Published

2 days ago

on

July 18, 2025

By

Delta State Government has said it will utilise its unique geographical assets and aquatic wealth to chart an inclusive and sustainable blue economy.
The state Commissioner for Works (Rural and Public Information), Mr. Charles Aniagwu, stated this while outlining the state’s transformational blueprint at a ministerial joint briefing in Asaba, the State capital.
The briefing was with key Ministries, Departments and Agencies (MDAs) and members of the Senior Executive Course 47 of the National Institute for Policy and Strategic Studies (NIPSS), led by retired DIG Adeleye Oyebade.
The theme was, “Blue Economy and Sustainable Development in Nigeria: Issues, Challenges and Opportunities”.
The commissioner highlighted the state’s role as a national pacesetter in harnessing inland and coastal water resources to drive economic growth, environmental sustainability, and social inclusion.
Aniagwu was in the company of the Commissioner for Transport, Mr. Onoriode Agofure; Commissioner for Environment, Mr. Ejiro Jamani; and Commissioner for Oil and Gas, Mr. Peter Uviejitobor, and others.
He described Delta’s extensive river networks, over 500 kilometres of navigable waterways, and Atlantic coastline as a “strategic advantage” that remain underutilized.
According to him, the Governor Sheriff Oborevwori-led administration was determined to drive this trend through deliberate, multi-sectoral investments that would bring rural and riverine communities into the mainstream of economic development.
Aniagwu said the blue economy goes beyond traditional sectors like fisheries and tourism, saying it is a framework for building climate resilience, reducing poverty, and fostering inclusive economic participation.
He emphasized that the state’s approach was to treat rural roads, jetties, cold-chain logistics, and digital access as interconnected pillars capable of unlocking the full spectrum of aquatic-based opportunities.
“Among the key efforts underway are major road construction and rehabilitation projects in traditionally marginalized areas.
“These include the Ogheye Floating Market and access roads in Warri North, Ohoror/Bomadi/Gbaregolor Road in Bomadi, and the Trans-Warri-Ode Itsekiri road network, which incorporates 15 bridges.
“The ongoing construction of the Ayakoromo Bridge in Burutu Local Government and rigid pavement roads in Warri South-West are also cited as critical arteries meant to connect hinterland communities with market hubs.
“In addition to road networks, the state has significantly invested in water transport infrastructure, including the building and upgrading of jetties.
“These moves are designed to ensure safe, efficient, and environmentally sustainable mobility across Delta’s waterways, which remain the primary means of transportation for many rural dwellers”, Aniagwu said.
The commissioner further said the government’s approach was not limited to physical infrastructure.
“It is also focused on empowering people, particularly youth and women, through capacity-building in aquaculture, tourism, logistics, and marine services.
“By strengthening cooperatives, enhancing ICT access, and integrating renewable energy solutions such as solar-powered cold storage, the state is helping small-scale producers to scale their operations and connect with broader markets”, he said.
He noted that Delta’s vision aligns with the M.O.R.E Agenda of Governor Sheriff Oborevwori, which prioritizes Meaningful development, Opportunities for all, Realistic reforms, and Enhanced peace and security.
Aniagwu explained that the integrated rural infrastructure strategy was expected to yield far-reaching impacts.
“Economically, it will increase trade in fish and agricultural products, lower transportation costs, attract private investment, and reduce rural unemployment.
“Socially, it will foster community ownership, promote women’s participation in fisheries and trade, and preserve indigenous knowledge systems.
“Environmentally, the shift to clean energy transport, mangrove restoration, and sustainable resource management will protect fragile ecosystems while enhancing community resilience”, he said.
The commissioner called for greater national coordination and proposed the designation of Delta state as a pilot “Blue Corridor” beginning in 2026 to test integrated blue economy initiatives.
Aniagwu also advocated for federal support in the deployment of cleaner transport technologies, inland waterway dredging, and cold-chain logistics development.
He recommended a dedicated Blue Economy and Inland Water Transport Taskforce to synchronize efforts across federal and state lines.
He assured of the state government’s readiness to collaborate with the Federal Government, development partners, and private investors to turn its aquatic riches into engines of sustainable development.
He said:  “Our waterways must become drivers of opportunity, prosperity, and environmental sustainability, not barriers to progress.
“With strategic planning, inclusive policies, and coordinated infrastructure investment, Delta is positioning itself not just as a hub of blue economic activity, but as a replicable model for coastal and riverine development across Nigeria.”
On his part, the Leader, Course 47 Team, Oyebade, commended the Delta government for establishing the Ogheye Floating Market and urged the state to attract more investments in the blue economy by leveraging its rich Atlantic coastline resources.
Continue Reading

Niger Delta

C’River Hands Over Rubber Plantation to Private Company

Published

2 days ago

on

July 18, 2025

By

The Cross River State government has officially handed over the defunct Cross River Rubber Estate Limited (CREL) to Biase Plantations Limited, describing it as a symbol of renewal and economic transformation.
Speaking during the handover ceremony in Uyangha, Akamkpa Local Government Area (LGA) last Tuesday, Governor Bassey said the state regained control of 8, 521 hectare rubber estate through a high court judgement.
Represented by Mr. Johnson Ebokpo, the state Commissioner for Agriculture and Irrigation Development, Otu explained that a High Court in Calabar issued the consent judgment on the estate.
He described the move as ‘’a major step towards reviving the state’s agricultural sector’’ and thanked all the parties involved, especially the state Attorney General and the legal teams, for facilitating the smooth transition.
He said the new operators planed to turn the estate into a large-scale oil palm plantation, generate jobs, boost rural economies, and increase the state’s Gross Domestic Product (GDP).
He urged Biase Plantations to prioritise local employment, uphold Corporate Social Responsibility (CSR) and maintain peaceful relationship with host communities.
In his remarks, Mr. Arumugam Ananth, General Manager of Biase Plantations Ltd, a subsidiary of Wilmar International, said  it had renamed the rubber estate to ‘’Uyangha Oil Palm Estate.’’
He appreciated the state’s trust and pledged to restore the estate, while announcing plans to reopen the estate’s school, establish a training center, and create jobs for the locals.
On his part, the Paramount Ruler of Akamkpa, HRM Ophot Agbor  Ebani, lauded the initiative while calling on the company to fulfill its promises.
Some of the community leaders, youth and women’s representatives, who spoke to newsmen, expressed hope that the rebranded estate would usher in a new era of growth and opportunity.
Earlier, a formal asset transfer meeting was held in Calabar, where legal documents were passed from Enghaut Nigeria Ltd. to the Ministry of Agriculture, overseen by officials from both parties.
Continue Reading

Trending