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Wike’s N448.6bn Consolidation Budget Excites Rivers People
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The Rivers State Governor, Chief Nyesom Wike, has presented a N448,660,773,476billion Budget, for 2021 fiscal year to the state’s House of Assembly for consideration and approval.
The proposed 2021 budget christened, “Budget of Recovery and Consolidation”, is made up of N305, 894, 284.061 for Capital Expenditure, while N142,776,489,415 is earmarked for Recurrent Expenditure.
Wike, while presenting the budget to lawmakers at the state House of Assembly in Port Harcourt, last Wednesday, said the N448,660,773,476 budget for 2021 fiscal year represents more than 20 per cent increase over the 2020 Revised Budget of N300billion.
He said the capital expenditure, representing 68.18 per cent of the total budget, comprised: Administrative sector N87, 790,330,011.37; Economic sector N105,077,364,248,.81; Law and Justice N1,742,996,000.00; Social sector N132, 656,033,322.35 and Deductions/Loan repayments of N38billion.
The governor explained that the capital budget would be deployed to advance economic growth and social progress by targeting and prioritizing investments.
He said the sum of N82,957,295,248.81 has been provided for the provision of infrastructure, including roads, bridges, and completion of flyover projects at Okoro-Nu-Odo, Rumuola, Rumuogba, and GRA Junction.
“We will also deliver the Ogoni–Andoni–Opobo Unity Road, the Eastern Bypass dualization, 6th and 7th flyover projects and the Wakama Road as well as all other ongoing rural roads in our communities and local government areas across the state.”
The governor stated that over N6billion has been provided in the 2021 budget to stimulate economic growth through investments in commerce, culture and tourism, mineral resource development as well as address environmental challenges to improve the quality of life of all residents.
Similarly, he said N13,861,407,451.97 has been provided to fund various social and economic investment schemes to support the development of small and medium scale businesses as part of efforts to create jobs and reduce poverty.
The governor noted that economic challenges of the Covid-19 pandemic clearly exposed the state’s vulnerability to food insecurity, hence, the sum of N16,107,080,000.00 would be spent on targeted investments in the agriculture value chain in a bid to create employment and enhance collective food security of the state.
In cognizance that quality public education remains the key to breaking cycles of poverty, the governor said his administration has decided to prioritise education in the 2021 budget with the provision of N30billion to boost infrastructure, enhance access and retention rates and improve educational outcomes in schools throughout the state.
The governor hinted that the state government has provided N25,111,728,000.00 for health care services for 2021 fiscal year.
According to him, government would focus on completing the four zonal referral hospitals at Ahoada, Bori, Degema, Okehi and Omoku, which were all at advanced stages of completion.
Wike explained that the 2021 budget would also prioritise security and sustain the existing efforts in combating insecurity and keeping residents safe and secure.
He said the Recurrent Expenditure of N142,776,489,415 represents 31.82 per cent of the 2021 budget.
Out of this, he said N76,198,906,179 is for personnel costs; N18,863,016,430 for overheads and N47,704,566,804 for grants and transfers to the consolidated revenue charges.
“From inception, this administration has prioritised the payment of salaries and pensions, and I wish to assure our workers, including the proposed 5,000 new enlistments, that they will receive their salaries as and when due in 2021. Ministries, Departments and Agencies (MDAs) are also assured of prompt release of overheads to enable them run effectively and deliver services to the people.”
The governor explained that Nigeria was currently in its second recession in five years with headline inflation at 14 per cent.
However, he said the Federal Government has projected that the country would exit the recession in the first quarter of 2021.
Wike said the policy thrust for the year 2021 budget would be to accelerate economic recovery, drive growth and create opportunities for social progress; enhance human capital development and tackle poverty; build first-class infrastructures to accelerate socio-economic development.
He expressed optimism that the measures in the budget would place the state on a stronger economic footing towards achieving the NEW Rivers Vision for a peaceful, secure, inclusive and prosperous society.
He said the budget would be funded from Statutory Allocation, 13 per cent derivation fund, internally generated revenue (IGR), value added tax (VAT), refunds for federal projects and excess crude oil deductions, domestic and foreign credit as well as grants from development partners.
Commenting on the performance of the 2020 budget, Wike disclosed that at the end of October, 2020, the total net revenue collected by the state was N226,522,031,922.45, representing about 75 per cent overall proportional performance.
“While receipts from federal allocations declined, internally generated revenue overshot the budget projections by over N20billion despite the pause we placed on the payment of taxes by the informal sector and small businesses.”
Excited by the provisions in the presentation, the Speaker, Rt Hon Ikuinyi-Owaji Ibani, lauded Governor Nyesom Wike’s commitment towards transforming the state’s economy.
According to him, generations to come would live to acknowledge his good deeds.
The Speaker further assured the governor that the state lawmakers would diligently consider and pass the budget to facilitate the continued development of the state.
Present at the budget presentation were: Rivers State Deputy Governor, Dr Ipalibo Harry Banigo; Secretary to the State government, Dr Tammy Danagogo; the state PDP Chairman, Amb Desmond Akwor and members of the State Executive Council.
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Reps Propose Creation of 31 New States
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The House of Representatives Committee on Constitution Review has proposed the creation of 31 new states in the country.
If the proposal scales through, the Nigerian state will be made up of 67 sub-national governments.
The proposal for new states was contained in a letter read during yesterday’s plenary session by the Deputy Speaker, Benjamin Kalu, who presided over the session in the absence of the Speaker, Mr Tajudeen Abbas.
The committee chaired by Kalu proposed six new states for North Central, four in the North East, five in the North West, five in the South East, four in the South-South and seven in the South West.
The letter read in part, “The committee proposes the creation of 31 new states. As amended, this section outlines specific requirements that must be fulfilled to initiate the process of state creation, which include the following:
New state and boundaries
“An act of the National Assembly for the purpose of creating a new state shall only be passed if it requires support by at least the third majority of members.
“The House of Representatives, the House of Assembly in respect of the area, and the Local Government Council in respect of the area are received by the National Assembly.
“Local government advocates for the creation of additional local government areas are only reminded that Section 8 of the Constitution of the Federal Republic of Nigeria, as amended, applies to this process.
“Specifically, in accordance with Section 8 (3) of the Constitution, the outcome of the votes of the State Houses of Assembly in the referendum must be forwarded to the National Assembly for fulfillment of state demands.
“Proposals shall be resubmitted in strict adherence to the stipulations. Submit three hard copies of the full proposal of the memoranda to the Secretariat of the Committee at Room H331, House of Representatives, White House, National Assembly Complex, and Abuja.
“Sub-copies must also be sent electronically to the Committee’s email address at info.hccr.gov.nj. For further information or contact, please contact the Committee Clerk at 08069-232381.
“The committee remains committed to supporting the implementing efforts that align with the Constitutional provisions and would only consider proposals that comply with the stipulated guidelines. This is coming from the Clerk of the Committee on Constitutional Review.”
The proposed new states are Okun, Okura and Confluence states from Kogi; Benue Ala and Apa states from Benue; FCT State; Amana State from Adamawa; Katagum from Bauchi State; Savannah State from Borno, and Muri State from Taraba.
Others are New Kaduna and Gujarat from Kaduna State; Tiga and Ari from Kano; Kainji from Kebbi State; Etiti and Orashi as the 6th state in the South East; Adada from Enugu, Orlu and Aba from the South East.
Also included are Ogoja from Cross River State; Warri from Delta; Ori and Obolo from Rivers; Torumbe from Ondo; Ibadan from Oyo; Lagoon from Lagos; Ijebu from Ogun State, as well as Oke Ogun/Ijesha from Oyo/Ogun/Osun States.
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TUC Opposes FG’s Proposed Toll Gate On Federal Roads, Rejects Electricity Tariff Hike
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The Trade Union Congress of Nigeria, (TUC), yesterday, opposed the plans by the Federal Government to toll selected federal roads in the country, as a means of revenue generation.
The TUC also kicked against any attempt to increase telecom tariff, saying it will compound the present economic hardship Nigerians are going through.
President of TUC, Comrade Festus Osifo, while presiding over the 1st Quarter 2025 National Administrative Council (NAC) of the Union in Abuja, yesterday, condemned the proposed reintroduction of toll gates on some federal highways without first of all ensuring that the roads are in good condition.
Osifo, who blamed the hardship in the country as a result of the government policies like the flotation of the naira, wondered why the Federal Government should initiate policies bothering on the citizens without due consultations with relevant stakeholders.
He said its is annoying that most of the roads which are unpaved, dilapidated, and riddled with potholes should be open for collecting tolls.
A communique issued at the end of the meeting partly read: “NAC deliberated on the proposed introduction of toll gates on selected federal roads and strongly condemned it in its entirely. While we acknowledge that tolling is a globally recognized method of generating revenue for road maintenance, it is unacceptable to impose tolls on roads that are unpaved, dilapidated, and riddled with potholes.
“The NAC views this as an insult to Nigerians, who are being asked to pay tolls on roads that are in total disrepair. Our highways are death traps unsafe, abandoned, and filled with potholes. Rather than fulfilling its responsibility to fix and maintain these roads, the government is resorting to shameless extortion.
“The Congress, therefore, demands that all roads earmarked for tolling must first be fixed, properly tarred, and repaired to international standards before any discussion on tolling can be entertained”.
Although the Federal Government recently debunked plans to increase electricity tariff by 65 percent, TUC said it was alarming that the government even considered the hike in the first instance.
Osifo lamented that the previous increment already inflicted severe hardship on citizens.
He said, “This proposed increase is not only ill-timed but also a deliberate act of economic oppression against Nigerians, who are already struggling under unbearable economic conditions.
“The improved service quality promised during the last tariff hike, particularly for consumers under the so-called “Band A” category, has not been realized. Most consumers, regardless of their tariff band, continue to live in perpetual darkness”.
TUC observed that the root cause of escalating prices and galloping inflation was the devaluation of the Naira.
Going down memory lane, Osifo said in February 2024, the TUC addressed a world press conference, where it clearly stated that the excessive devaluation of the naira was the primary cause of rising inflation and the continuous increase in the prices of goods and services.
He said Congress also warned that this trend would worsen inflation in 2024, impacting virtually every sector of the economy and severely affecting the social and economic well-being of Nigerian workers and the masses if the solutions it canvassed were not adopted.
The TUC President said 12 months later, the Congress position remained unchanged, alleging that the symptoms of the root cause have manifested clearly.
According to him: “These include the skyrocketing prices of essential goods, the escalating costs of social services, the proposed hike in telecom tariffs, the increase in electricity tariffs (with plans for further increments), the rising prices of petroleum products amongst others.
“The TUC remains focused on addressing the root cause of these economic challenges rather than merely reacting to the manifested symptoms. To this end, the TUC demands a better foreign exchange (FX) management regime from the Central Bank of Nigeria (CBN) as the naira is currently undervalued, as confirmed by both local and international experts.”
He warned that if the policies were not reviewed to favour the citizens, the TUC may be compelled to mobilise for mass protest.
“The NAC, on behalf of the Congress, strongly advises the government to refrain from introducing policies that would further exacerbate the current economic hardship faced by hardworking Nigerians.
“If the administration insists on implementing these policies, the TUC will have no choice but to mobilize the working class, civil society, and the oppressed masses for a nationwide action. This level of exploitation is unacceptable. A stitch in time saves nine,” he warned.
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Africa Must Stop Depending On Foreign Blueprints -Tinubu
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President Bola Tinubu has charged African leaders to stop clinging to their old habit of depending on foreign plans, saying the continent is in dire need of leaders who wield policy as a surgical blade instead of a slogan.
Tinubu lamented what he described as “the tragedy of our time” whereby African leaders do not only confine themselves to foreign blueprints but refused to emancipate themselves from client-state mentalities and governance by hashtag activism.
The President made these remarks in Abuja, yesterday, during the Dr. Kayode Fayemi commemorative symposium and launch of the Amandla Institute for Policy and Leadership Advancement, with the theme “Renewing the Pan-African Ideal for the Changing Times: The Policy and Leadership Challenges and Opportunities.”
The symposium was organised to commemorate the 60th birthday of the former Governor of Ekiti State, Dr Kayode Fayemi.
Represented at the event by the Vice-President, Senator Kashim Shettima, the President said, “Whatever our differences across the continent, one fact that can’t be eroded by our infighting is that we are in the age of machines, and we can’t fight our development dilemma with spears and arrows while the rest of the world is fighting the same battle with missiles and tanks. The world is not waiting for Africa to catch up.
“While we parse political rivalries, others parse datasets. While we litigate history, others engineer futures. The train of progress accelerates, yet too many of our leaders cling to old carriages. These are our client-state mentalities, our dependency on foreign blueprints, and our governance by hashtag activism. This is the tragedy of our time.
“The founding of Amandla Institute emerges as an antidote to this paralysis. We are here not only to generate more ideas but to create executors. We need leaders who wield policy as a scalpel, not a slogan. We need visionaries who see AI as a collaborator, not a competitor. We need a generation of Africans who recognise that Pan-Africanism, renewed for this age, must be rooted in actionable sovereignty.”
Tinubu pointed out that it would be wishful thinking to hope that the renaissance of Africa will happen as a gift, maintaining that it must be built.
He regretted that for too long, leaders in Africa have outsourced their thinking, relying on institutions and ideologies that treat countries on the continent “as consumers, not creators,” just as he insisted that the youth must be empowered to innovate in tech hubs across the continent.
“But the post-idea world dissolves excuses. With the democratisation of knowledge, we must empower our youth to innovate in tech hubs across the continent, from Cairo, down through Nairobi, to Lagos, building unicorns without the permission of any gatekeepers. What they lack is not ideas but ecosystems—systems where policy, funding, and political will converge to scale their genius,” he noted.
The Nigerian leader further urged African leaders to “evolve from custodians of power to architects of platforms,” adding that their “imagination of Africa must be one where every government ministry houses.
“AI strategists, where continental trade policies are drafted by homegrown think tanks like Amandla Institute, not foreign consultants, and where “Made in Africa” signifies not raw materials but algorithms, green tech, and cultural capital.”
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