Niger Delta
FG Records Over N1trn Monthly Revenue From Subsidy Removal

The Minister of Finance, Mr Wale Edun, has said the Federation Account is witnessing improved revenue inflow since the removal of subsidy from average of N650 million monthly to over N1 trillion in the last four months.
The Minister stated this on Monday in Asaba at the opening ceremony of a four-day retreat organised for members of the Federation Account Allocation Committee (FAAC) .
Represented by the Permanent Secretary, Finance, Special Duties, Mr Okokon Udo, the Minister said the government had for long, realised that petroleum subsidy was not sustainable.
According to him, subsidy regime eroded revenues that should had been available to fund viable expenditures that were critical to the well-being of the populace.
He said the present administration was mindful of the needs and welfare of Nigerians and assured that it would continue to implement peoples oriented policies..
“We all know that achieving tax revenue to Gross Domestic Product (GDP) target of 22 per cent and tax to GDP of 18 per cent by 2026 are parts of the cardinal objectives of this administration.
“However, in doing that we appreciate the needs not to overburden the tax payers by introducing so many new taxes.
“What is necessary to be done is to broaden the tax base, simplify and streamline tax administration for ease of collection”, he said.
Edun added that, “Among the prior activities of this government after coming into office, was the constitution of a Presidential Committee of Fiscal Policy and Tax Reforns.
“The committee has submitted an interim report which is full of optimism’’.
The Minister also noted that the present administration was not oblivious of the untold hardship faced by Nigerians, following the removal of fuel subsidy, and harmonisation of exchange rates.
He reassured that all the sacrifices made by people would never be in vain.
“Government is bent on ensuring that the economy bounces back to normal as we continue to consolidate on recovery efforts with focusing on achieving inclusive economic growth and development”, he stated.
According to him, President Bola Tinubu-led administration has so far put in place a well-structured palliative measures to cushion the economic consequences of the ongoing reforms.
On the theme of theme of the Retreat, “Creating a Resilient Economic through Diversification of the Nation’s Revenue”, the minister commended the choice, stressing that it was suitabl.
Edun also noted that retreat clearly outlined the urgent need to diversify the nation’s economy.
In an opening remark, Governor Sheriff Oborevwori of Delta tasked the Federal Government to muster the political will by putting necessary policy and institutional framework in place to diversify the nation’s economy.
The Governor, represented by his Deputy, Sir Monday Onyeme said that there was no magic wand to diversify the nation’s economy from over dependence on revenue from crude oil unless concerted efforts were made in other key sectors.
He noted that the diversification of the nation’s economy must go beyond mere rhetoric to concrete measurable steps by facilitating the non-oil exports such as agricultural products, manufactured goods and services as well as the expansion of the revenue base.
Oborevwori affirmed that Delta was taking the lead to diversify its economy by creating a Trade and Export unit to drive the process in order to make economic diversification a reality.
He noted that some schools of thought believed that the discovery of crude oil which led to the neglect of agriculture and other revenue yielding non-oil sectors of the economy was a curse.
Oborevwori said the country had not properly managed its oil wealth adding that it was worrisome that the oil sector contributed between five per cent and seven per cent of the nation’s GDP.
He added that the non-oil sector mostly agriculture, agribusiness, manufacturing and small scale enterprises contributed 93 per cent to 95 per cent, yet the bulk of public revenue was from the oil and gas sector.
“Statistics have made it more exigent for the government to grow the non-oil sector to widen the revenue base, nwhile ensuring that maximum benefits were derived from the e oil industry”, he said.
The Governor commended FAAC committee for its commitment to duty by enhancing revenue accruals into the federation account.
He urged the committee to look into the payment of 13 per cent derivation to oil producing states.
Oborevwori challenged the committee to use the retreat to address the concerns raised by stakeholders in respect of the new roles of the Nigeria National Petroleum Company Limited, among others by giving better understanding on their roles in the economic diversification of the country.
The Tide’s source, reports that Accountant Generals from the thirty six states and the FCT as well as other stakeholders such as the Customs are attending the retreat.
Niger Delta
GoG Crucial To Bayelsa’s Dev, Growth – Diri
Bayelsa State Governor, Senator Douye Diri, has said the location of the state around the resource-rich Gulf of Guinea (GoG) region presents unique opportunities for investment for its growth and development.
He also stated that his administration was ready to deepen collaboration to enhance the security of the contiguous maritime area.
The Governor stated this recently while speaking at the Nigerian Mission House in New York, during a High-Level Discourse on the Gulf of Guinea, with the theme: “Unlocking Energy, Oil/Gas, Mineral Resources, Aviation and Maritime Opportunities in the Gulf of Guinea: A Roadmap for Peace and Security”, on the margins of the 80th United Nations General Assembly (UNGA).
The Tide gathered that the event was convened by a policy think tank, “The New Diplomat”, in collaboration with Angola-based Gulf of Guinea Commission.
The State’s Chief Executive noted that Bayelsa, being the ancestral homeland of the Ijaw people, shares historical affiliation and geographical similarities with the Gulf of Guinea, saying that the huge economic potentialities of the area were yet to be fully exploited.
He said the State’s longest coastline in the country of over 200km offers opportunities in tourism, oil, gas and energy development as well as investments in glass, ceramics, fisheries, maritime and aviation, among others.
“The Gulf of Guinea, stretching approximately 6,000 kilometers from Cape Lopez in Gabon to Cape Palmas in Liberia, is one of the world’s most strategic maritime basins.
“It anchors nearly 60 per cent of Africa’s oil production, holds 4.5 per cent of global proven oil reserves, and 2.7 per cent of global gas, and supports seaborne trade expanding at unprecedented pace.
“Surrounding this basin is a vast market of over 500 million people across West and Central Africa, making the Gulf not only a lifeline for energy, but also a growth engine for trade, jobs, and food security.
“Bayelsa’s unique geography grants us unmatched prospects for oil and gas exports, maritime logistics, fisheries, and coastal trade. Our dual identity as an energy powerhouse and custodian of delicate ecosystems defines both our responsibilities and opportunities”, the Governor said.
He stressed that the objective of his administration was to create a safe and transparent environment where private investment, local enterprise and international partners can deliver shared prosperity for communities in the region.
He, however, noted that insecurity had been a serious challenge in the Gulf, particularly piracy, which he said required concerted effort among stakeholders to effectively tackle.
“As a government, we have pioneered a community-based crime prevention strategy – the first among Nigeria’s coastal states. We couple this with formal enforcement in partnership with the Nigerian Navy, Joint Task Force, Police and other agencies.
“We have re tooled local security outfits, established the Bayelsa Community Safety Corps, and deployed technological surveillance mechanisms.
“Bayelsa State’s partnership with United Nations Office on Drugs and Crime (UNODC) and the Government of Germany to launch a community-based crime-prevention programme has shown promising results, including the rescue of seven kidnapped victims in 2022″, the Governor added.
The UNODC Executive Director and Director-General of the United Nations Office in Vienna, Austria, Amb. Ghada Waly, said the Gulf of Guinea is an important economic powerhouse of the African continent.
Waly re-echoed the significance of shoring up security in the Gulf, saying the region had become a transit route for illicit financial flows, drugs and organised crime.
“According to the 2024 Nigerian Corruption Survey reported by the UNODC, over $40 billion had been lost in the last one decade through illicit financial flows and embezzlement. Corruption opens the door for criminal networks to infiltrate supply chain and erode the rule of law.
“With global demand for critical minerals set to rise, the risks will only grow. Without concrete action and sustained support, these threats will hold the region back from reaching its full potential.
“At the UNODC, we are working with our partners to curb organised crime in Nigeria and in the Gulf of Guinea”, she said.
In a welcome address, Nigeria’s former Ambassador to Thailand, who is the convener and Director of The New Diplomat, Oma Djebah, said the roundtable was organised to bring together global thought leaders, policy makers, private sector icons and the civil society “to advance pragmatic, enduring partnerships and a bright future for the Gulf of Guinea.”
He also stated that the proposed Gulf of Guinea Business Council (GoGBC) would foster collaboration between the private sector and governments in the Gulf of Guinea and development partners, saying that it would create jobs, improve infrastructure and unlock the region’s full economic potential.
The event was chaired by former Nigeria’s Foreign Affairs Minister and erstwhile United Nations Under-Secretary-General, Prof Ibrahim Gambari, and had in attendance Governor of Zamfara State, Dr. Dauda Lawal; Nigeria’s Attorney-General and Minister of Justice, Mr. Lateef Fagbemi; his Solid Minerals Development counterpart, Dr. Dele Alake; and Nigeria’s 21st Chief of the Naval Staff, Admiral Awwal Gambo.
Others were former France Ambassador to Nigeria and currently, Head, Africa Division at France’s Ministry of Foreign Affairs, Emmanuella Blatmann; Portugal’s Special Envoy to Africa and former Ambassador to Denmark, Rita Laranjinha; and the Charge d’ Affaires, Permanent Mission of Nigeria to the United Nations, Amb. Samson Itegboje, among others.
By: Ariwera Ibibo-Howells, Yenagoa
Niger Delta
IYC Lauds Police Over Real Estate Agent Killer’s Arrest
President of the Ijaw Youth Council (IYC), Worldwide, Sir Jonathan Lokpobiri Snr., has applauded the Nigerian Police Force (NPF), Bayelsa State Command, for the timely investigation and arrest of Mr George Idumangi, suspected killer of a Real Estate agent in Yenagoa, Mr. Richard Ekpebu.
Lokpobiri gave the commendation at the Ijaw House, headquarters of the Council, while speaking with Journalists shortly after a monitoring tour of some ongoing projects being executed by the IYC.
He condemned crime and criminality and dissociated the umbrella Ijaw Youth body from nefarious activities, noting that the suspect, Mr. Idumangi, popularly called Pastor Brandy, once served in one of the adhoc committees of the Council and worked closely with a former Zonal Executive of the Council, but that it does not make the IYC an association of criminal-minded individuals.
“I want to commend the Nigerian Police for the timely investigation and subsequent arrest of Mr. George Idumangi, the prime suspect in the murder of Mr. Richard Ekpebu.
“I like to sound it very clear that though Mr. Idumangi, who is popularly called Pst. Brandy, has previously served in a committee of one of the former executive of the central zone of the IYC, that doesn’t make the IYC, which many of us have struggled to build, a criminal organisation.
“I sympathise with the bereaved families of Mr. Ekpebu. He’s one of us. Both Idumangi and Ekpebu are Ijaw youths. We’re against crime of any sort. We’ve responsible and well behaved members of the IYC in all walks of life doing Ijaw nation and Nigeria very proud.
“How on earth will you take another man’s life because of money? How much is the money in question? No man has the right to wrongfully take another’s life no matter what”, the Youth leader said.
Lopkpobiri, who also said under his leadership of the Council a number of youth developmental initiatives were being carried out, said one of such programmes is the ongoing construction of a Youth vocational centre alongside other projects to train and retrain Ijaw Youths in various skills and vocations.
He also called on the Nigerian Police and sister security agencies to apprehend and question the authenticity of any body seen using the number plate and insignia of the IYC in vehicles, saying the Ijaw Youth Council number plates and insignia we’re exclusively reserved for serving executive members of the Council.
“People can’t use the IYC logo, plate number and council insignia to be fomenting trouble.
“Henceforth I call on the Police and sister security outfits to arrest suspected members of the public, who aren’t executive members of the IYC, using our insignia and plate numbers to commit crime and criminality”, the IYC President added.
By: Ariwera Ibibo-Howells, Yenagoa
Niger Delta
No Hiding Place For Erring Motorists In Delta – FRSC
The Federal Road Safety Corps (FRSC), Delta State Sector Command, has warned motorists against violating traffic regulations, saying there will be no hiding place for them.
The new FRSC Sector Commander in the state, Mrs. Joyce Alexander, who gave the warning recently at a news conference in Asaba, said the era of impunity is over.
“The roads must be safe, and the corps will pursue that goal relentlessly. No individual, no matter how highly placed, will be shielded from the consequences of breaking the law”, she said.
According to her, “strict adherence to traffic rules and regulations would reduce crashes and improve safety on the roads.
“We are urging Nigerians to adhere to traffic rules and regulations to ensure safer roads.
“Motorists must ensure that they drive at recommended speed limit such as 35km/h in built-up areas.
“This is to minimise the risks of crashes while guaranteeing their safety and that of others.
“All hands must be on deck to stop the carnage; every road user must ensure safety whenever they are on the road.”
The Sector Commander also called for stakeholders’ support to reduce the rate of road accident.
“My coming here is to rejig and reposition the corps operation with our stakeholders, the people, government, unions, as well as all road users.
“We need to ensure that, at the end of the day, we have safe roads, and people can move from one point to another to transact their businesses”, she said.
She reiterated the commitment of the corps to ensuring safe, passable, seamless and crash-free roads.
Alexander appealed to parents and guardians not to allow their underage children to drive.
She warned that minors found driving would be arrested and sanctioned.
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