News
Inaugurate NDDC Board, IYC, Others Urge Presidency

The Ijaw Youth Council (IYC) Worldwide has kicked again against President Muhammadu Buhari’s continued silence and alleged refusal to form a substantive board for the Niger Delta Development Commission (NDDC).
The IYC expressed resentment that despite the hue and cry raised by critical stakeholders from the Niger Delta, Buhari was yet to constitute the board after the submission of long-awaited forensic audit was concluded and submitted to the government.
Other Ijaw groups, the Ijaw Consultative Forum (ICF), Ondo State chapter, and pan-Ijaw group, Ijaw National Congress (INC), also aligned with the IYC to demand the inauguration of the board without further delay.
The IYC’s anger is contained in a statement, yesterday by its National Spokesman, Comrade Ebilade Ekerefe, wherein it urged the President to constitute same immediately without further delays.
It advised him not to allow myopic and self-centred politicians to provoke violence in the region and discredit his administration.
“We accept the submission of the audit report as commendable but demand the immediate of the substantive board of the NDDC,”the IYC noted.
The group argued that the quick decision of the President to constitute the EFCC board, the NNPC board and other boards of agencies and parastatals showed that his position on the conduct of the forensic audit and submission of the report were mere excuses and cover-up of his disdain for the people of the region.
The IYC noted that though the region had remained peaceful despite the repeated failed promises on the inauguration of the substantive board, the youth of the region would no longer condone excuses for the delay as the forensic auditors had concluded their job.
It further argued that the Niger Delta was losing big time due to the continuous delay in the constitution of the board.
The IYC said, “The NDDC was set up to plan and execute developmental projects in the region, especially in the areas of skills acquisition and youth empowerment programmes, construction of roads and jetties, provision of health care facilities, employment, agriculture and fisheries, housing and urban development, water supply, electricity and industrialisation.
“We can categorically say that the region has lost greatly in the aforementioned due to the deliberate delay of the constitution of the board. Let it be on record that since President Muhammadu Buhari’s administration, the NDDC has been functioning without recourse to the Act which established it and that has contributed largely to the underdevelopment of the region despite the forensic audit which was used as an excuse for the delay of a substantive board.
“Notwithstanding the decision of the Ijaw youths to study carefully the submitted audit report which showed that over 13,000 abandoned projects in the Niger Delta with 77 road projects completed, the reported claim of recommendation for a part-time membership of the board is unacceptable. It is a violation of the provision of the Act setting up the NDDC and we will resist it at all costs.”
The IYC pointed out that the purported recommendation for a part-time membership of the NDDC board was the handiwork of self-styled politicians who desired to turn the NDDC as their own personal enterprise.
It warned that any strange clauses smuggled into the NDDC aside the constitution of a substantive board would be resisted and the activities of the commission crippled.
Similarly, the Ijaw Consultative Forum (ICF), Ondo State chapter, aligned with pan-Ijaw group, Ijaw National Congress (INC), and Ijaw Youth Council (IYC) to call on President Muhammadu Buhari, to inaugurate the Niger Delta Development Commission (NDDC) board since the commission’s forensic audit has been submitted to him.
In a statement signed by the Chairman of the group, Suffy Uguoji, the group maintained that with the submission of the forensic audit to Buhari, nothing should further delay the inauguration of the board.
The ICF chairman noted that the delay in inaugurating the substantive board will further encourage the sole administrator to remain in office whereas the law setting up NDDC does not recognise sole administrator.
The statement read, “We strongly demand that President Muhammadu Buhari should, as a matter of importance and urgency, inaugurate the NDDC Board since the forensic audit report had been submitted to him by the Minister of Niger Delta Affairs, Senator Godwill Akpabio, through the Attorney General and Minister of Justice”, over three weeks ago.
The umbrella body of the Ijaw nation worldwide, Ijaw National Congress (INC) recently also cautioned that, “any further delay in the inauguration of the NDDC board is a clear betrayal of trust and display of state insensitivity on ljaw nation and Niger Delta region.”
The INC call followed the promise of Buhari in June, 2021, while receiving the Ijaw National Congress in Abuja, that the NDDC Board would be inaugurated as soon as the forensic audit report was submitted and accepted.
The President said, ‘‘Based on the mismanagement that had previously bedevilled the NDDC, a forensic audit was set up and the result is expected by the end of July, 2021. I want to assure you that as soon as the forensic audit report is submitted and accepted, the NDDC Board will be inaugurated.”
According to Ijaw Consultative Forum, the Federal Government also reiterated its position to inaugurate the Senate-confirmed board during the inaugural ceremony of the Interim Management Committee (IMC) of the NDDC, on October 29, 2019, to oversee the activities of the commission pending the completion of the forensic audit.
The group emphasised, “It is therefore incumbent on the Federal Government and the Ministry of Niger Delta Affairs, which is charged with the responsibility of overseeing the activities of NDDC to go the whole hog to ensure that the board is inaugurated urgently to put an end to all the manipulations.”
It further noted that, “the orchestrated rigmaroles characterising NDDC since the last board was dissolved in 2018 is taking its tolls on the development of our communities and it is capable of heightening tension and unrest which we are managing to maintain.”
The group affirmed that, “once the board is inaugurated, we are sure it will ensure fair representation of the nine constituent states and proper management of the fund of the commission in line with the provisions of the act establishing the agency.”
ICF also noted that, “our people have suffered a great deal of neglect due to the absence of their representatives in the management of the commission which is being administered by a sole administrator.”
ICF, therefore, re-affirmed, “We wish to emphasise here that our major concern now is how the board will be inaugurated without further delay and not the report of the audit knowing that it is the board that will be called upon to ensure that justice is done to the outcome of the report.”
The group has, therefore, made a clarion call on the leadership of Ijaw National Congress (INC) led by Prof. Benjamin Okaba, to concentrate on how the board will be inaugurated rather than calling on the Federal Government to make the report of the forensic audit public because “in the absence of the board the mechanism for checkmating large scale fraud is no more there and the sole administratorship contraption which is not known to the law that established the commission is at liberty to perpetrate anything unwholesome.”
News
Tinubu Orders Security Chiefs To Restore Peace In Plateau, Benue, Borno

President Bola Tinubu has ordered a security outreach to the hotbeds of recent killings in Plateau, Benue and Borno States, to restore peace to areas wracked by mass killings and bomb attacks.
National Security Adviser, Nuhu Ribadu, disclosed this to State House correspondents after a four-hour security briefing with the President at the Aso Rock Villa, Abuja on Wednesday.
“We listened and we took instructions from him. We got new directives…to go meet with the political authorities there,” Ribadu told reporters, adding that Tinubu directed them to engage state-level authorities in the worst-hit regions.
Director-General, National Intelligence Agency, Mohammed Mohammed; Chief Defence Intelligence of the Nigerian Army, Gen. Emmanuel Undianeye; Director-General, Department of State Services, Oluwatosin Ajayi and Chief of Staff to the President, Femi Gbajabiamila, appeared for the briefing.
The Tide’s source reports that in Plateau State, inter-communal violence between predominantly Christian farmers and nomadic herders spiralled into gory slaughter when gunmen stormed Zikke village in Bassa Local Government early on April 14, killing at least 51 people and razing homes in a single night.
In Benue, at least 56 people were killed in Logo and Gbagir after twin assaults blamed on armed herders.
Meanwhile, in Borno State, eight passengers perished and scores were injured when an improvised explosive device ripped through a bus on the Damboa–Maiduguri highway on April 12.
Ribadu explained that after an extensive briefing, intelligence chiefs received fresh instructions to restore peace, security and stability across Nigeria.
“In particular, Tinubu had ordered immediate outreach to the political authorities in Plateau, Benue and Borno States, and the defence team had gone round those States to carry out his directives and report back.
“We gave him an update on what has been the case and what is going on, and even when he was out there, before coming back, he was constantly in touch. He was giving directives. He was following developments, and we, in charge of the security, got the opportunity today to come and brief him properly for hours. And it was exhaustive.
“We listened and we took instructions from him. We got new directives. The fact is, Mr. President is insisting and working so hard to ensure that we have peace, security and stability in our country. We gave him an update on what is going on, and we also assured him that work is ongoing and continues.
“We also carried out his instructions. We went round, the chiefs were all out where we had these incidents of insecurity in Plateau State, Benue State, even Borno, these particular three states, and we gave him feedback, because he directed us to go meet with the political authorities there,” the NSA explained.
Ribadu described Tinubu as “worried and concerned,” and said he directed that all security arms be deployed around the clock.
The government, he added, believes these steps have already produced measurable improvements, even if the situation is not yet 100 per cent safe and secure.
“He’s so worried and concerned, he insisted that enough is enough, and we are working and to ensure that we restore peace and security and all of us are there. The armed forces are there, the Civil Police, intelligence communities, they are there.
“They are working there 24 hours, and we feel that we have done enough to believe that we are on the right course, and we’ll be able to be on top of things,” Ribadu stated.
The NSA emphasised that combating insecurity was not solely a Federal Government responsibility.
He stated, “The issue of insecurity often is not just for the government. It involves the subunits. They are the ones who are directly with the people, especially if some of the challenges are more or less bordering on community problems.
“Not entirely everything is that, but of course it also plays a significant role. You need to work with the communities, the local governments, and the governors, especially the governors.
“The President will continue to direct that. We should be doing that, and that’s what we are able to. We are very happy and very satisfied with the instructions and directives given by Mr. President this evening.”
In Borno State, the NSA noted that while violence had surged in recent months, the insurgents refused to accept defeat.
He warned that most recent casualties there resulted from improvised explosive devices—”cowardly” IED attacks targeting civilians—and from opportunistic raids that follow any lull in fighting.
“We are getting the cooperation of the leadership at the state level, and everybody. It’s not 100 per cent…but we are going there.
“When you are having peace and you are beginning to get used to it, if one bad incident happens, you forget the periods that you enjoyed peacefully,” he added.
He paid tribute to the “many who do not sleep, who walk throughout, who do not go for any break or holiday”—the soldiers, police and intelligence officers whose sacrifices have created the fragile calm Nigerians now experience.
“They will continue to be there,” he said, adding, “Things have changed in this country…we are on the right track and we will not relent. We will not sit down; we will not stop until we are able to achieve results.”
News
FG Laments Low Patronage Of Made-In-Nigeria Products

A Federal Government agency – the National Agency for Science and Engineering Infrastructure, has decried the low patronage of Nigerian-made products by Nigerians.
The agency identified some challenges leading to the low patronage of the local products as affordability and public perception, among others.
Speaking during a stakeholders meeting organised by the agency in Akure, Ondo State capital, yesterday, the Deputy Director of Engineering at NASENI, Mr Joseph Alasoluyi, said Nigerians preferred buying foreign goods compared to local goods.
Alasoluyi, however disclosed that the agency had trained over 50 participants in the production of hand-made products, in a bid to ensure Nigeria-made products are patronised.
He explained that NASENI was set up to promote science, technology, and engineering as a foundation for Nigeria’s development and currently operates 12 institutes nationwide to achieve its objectives.
According to him, the aim of President Bola Tinubu, who is also the overall chairman of NASENI, was to ensure high production and patronage of “our local products thereby creating employment opportunities for many.”
He said, “The idea of this programme is to interface to ensure we produce products using our indigenous technology. This is what NASENI is out for, to ensure that homegrown technologies are encouraged.
“We are out there to ensure we integrate efforts to ensure that local technology is used to develop products within the resources we have.
“ The NASENI’s ‘3 Cs’ – Creation, Collaboration, and Commercialisation – that define NASENI’s strategic mandate: Creating innovations through research, Collaborating with partners to develop and refine products, and Commercialising these solutions to benefit the economy.
“Our achievements include the development of solar irrigation systems, CNG conversion centres, building machines capable of producing up to 1,000 blocks per hour, 10-inch tablets, locally made laptops, and electric tricycles (Keke Napep) set for market launch.”
In his remarks, the Deputy Vice Chancellor of the Federal University of Technology, Akure, Prof. Samuel Oluyamo, blamed the Federal Government for not properly funding research in the varsities, also noting that many research outputs were left halfway due to lack of funding and weak linkages between research institutions and industry.
Oluyamo also queried the Federal Government’s commitment to funding research and development, saying many academic innovations remained on the shelve due to a lack of support for commercialisation and poor infrastructure.
“Until we upscale research into mass production, technological growth will remain elusive. The government is not funding research in the universities enough. Thank God for TETfund that is trying in this regime. The major interest in beefing up research in universities and research institutions is really not there,” he said.
News
Nigeria Seeks Return To JP Morgan Bond Index
The Director-General of the Debt Management Office, Patience Oniha, has said that Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index and renew investors’ confidence.
Oniha disclosed this on Wednesday at a Nigerian Investors’ Forum on the sidelines of the World Bank and International Monetary Fund Spring Meetings in Washington, D.C.
The DMO boss explained that Nigeria has enjoyed favourable credit assessment among rating agencies in recent times on the back of the sweeping reforms initiated by the Central Bank of Nigeria.
Fitch Ratings recently upgraded the Long-Term Issuer Default Ratings of seven Nigerian banks and two bank holding companies to ‘B’ from ‘B-‘, noting that the outlooks are Stable.
The affected issuers are Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Limited, Guaranty Trust Holding Company Plc, First HoldCo Plc, First Bank of Nigeria Ltd, Fidelity Bank Plc and Bank of Industry Limited.
The upgrades of the Long-Term IDRs of the banks followed the recent sovereign upgrade and reflect Fitch’s view that Nigeria’s sovereign credit profile has become less of a constraint on the issuers’ standalone creditworthiness, the rating agency said.
Fitch also upgraded Nigeria’s Long-Term IDRs to ‘B’ from ‘B-‘ on 11 April, a decision that reflected increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end deficit monetisation and remove fuel subsidies.
“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” Fitch said.
Nigeria was removed from the JP Morgan index in 2015 ostensibly due to its deviation from orthodox monetary policies and influence of capital control in its management of foreign exchange.
Principally due to reduction in oil revenues at the time, Nigeria introduced currency restrictions to defend the naira after it failed to halt a dangerous slide with burning of dollar reserves. The bank had earlier warned Nigeria to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles.
“Foreign investors who track the GBI-EM series continue to face challenges and uncertainty while transacting in the naira due to the lack of a fully functional two-way FX market and limited transparency,” the bank said in a 2015 note.
Nigeria was listed in JP Morgan’s emerging government bond index in October 2012, after the Central Bank removed a requirement that foreign investors hold government bonds for a minimum of one year before exiting.
The JP Morgan Government Bond Index reflects investor confidence and opens doors to billions of investment flows, making Nigeria’s proposed re-entry a positive signal to the market and investors.
Oniha explained that talks with JP Morgan were ongoing and had gained momentum in recent times due to the stability created by the FX market reforms.
“With all the reforms that have taken place, particularly around FX, we have started engaging JP Morgan again to get back into the index. We think we are eligible now,” the DMO DG said.
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