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Senate Okays ₦140bn SEDC Budget Proposal, Demands Accountability, Security Results, Erosion Control

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Managing Director/Chief Executive Officer of SEDC, Mr. Mark Okoye, (right) and other Directors

Senate Okays ₦140bn SEDC Budget Proposal, Demands Accountability, Security Results, Erosion Control
By George Mgbeleke

The Senate has endorsed the proposed ₦140 billion 2026 budget of the South East Development Commission (SEDC), while issuing strong warnings on fiscal discipline, measurable security outcomes and urgent ecological intervention across the region.

The budget was presented by the Managing Director/Chief Executive Officer of SEDC, Mr. Mark Okoye, who outlined a development-driven financial plan anchored on infrastructure renewal, industrialisation, private sector-led growth and regional integration.

Budget Breakdown
Of the ₦140 billion proposal:
₦106.745 billion (76.25%) is allocated to capital expenditure
₦25.955 billion (18.54%) to recurrent expenditure (excluding personnel)
₦7.3 billion (5.21%) to personnel costs

The Commission stated that the 2026 budget is structured around five strategic pillars: infrastructure development, economic empowerment, environmental sustainability, social development, and security/peacebuilding.

Strategic Economic Vision
In his presentation, the MD unveiled a long-term roadmap to build a $200 billion South East economy by 2035. Central to this vision is the establishment of a proposed South East Investment Corporation (SEIC), projected to drive a $150 billion capital base and position the region as Africa’s preferred investment destination.

He disclosed that the Commission is targeting a $1 billion regional investment threshold and intends to structure major infrastructure projects to attract international financing rather than rely solely on federal allocations.

Although the 2025 fiscal year recorded zero capital releases, Okoye explained that the Commission utilised the period to prepare feasibility studies and “bankable documents” to drive large-scale projects, including a proposed regional gas pipeline network estimated to cost between $1.5 billion and $2 billion.

Key Allocations in the 2026 Proposal
Notable provisions include:
Community Social Development Programme – ₦3.3 billion
South East Venture Capital Fund – ₦3.5 billion
Youth Entrepreneurship Programme – ₦2.5 billion
Grassroot Recreation Infrastructure – ₦7 billion
Headquarters and Zonal Offices Setup – ₦2.9 billion
Operational Vehicles – ₦4.1 billion
Climate Sustainability and Green Economy – ₦500 million
Regional Security Programme – ₦2.5 billion
M.I. Okpara Fellowship (Leadership Development) – ₦660 million

Senate Raises Security, Erosion Concerns
While commending the clarity and ambition of the proposal, lawmakers raised concerns about spending priorities and measurable impact.

Senator Tony Nwoye stressed that without security, development efforts would not yield meaningful results. He demanded clarity on how the ₦2.5 billion Regional Security Programme would translate into visible improvements, especially in areas severely affected by insecurity. He also sought details on collaboration mechanisms with existing security agencies.

On the ₦3.5 billion South East Venture Capital Fund, Nwoye warned against politicisation, insisting it must operate strictly on merit to support genuine innovators in commercial hubs such as Onitsha, Aba and Nnewi.

Environmental sustainability drew sharp criticism, with lawmakers describing the ₦500 million allocation as grossly inadequate for a region battling thousands of erosion sites, often referred to as Nigeria’s erosion epicentre. Senators urged the Commission to prioritise life-threatening ecological challenges.

Calls for Fiscal Discipline

Senator Kenneth Eze urged the Commission to treat public funds with the discipline of a private enterprise. While praising the Managing Director’s strong presentation, he cautioned against spreading limited resources across too many projects, warning that such an approach could lead to abandoned initiatives.

He advised management to match projects strictly with available resources and focus on realistic, measurable outcomes rather than excessive stakeholder engagements and conferences.

Senator Ezenwa Onyewuchi raised concerns over personnel allocations and sought assurances that staff salaries were being paid promptly, warning that unpaid remuneration could undermine morale and damage the Commission’s public image. He also called for transparency in recruitment processes.

Lawmakers Express Support, Seek Coordination

Senator Victor Umeh described the proposal as visionary and aligned with the historic economic revival model of the South East, expressing confidence in the management team once funds are released.

Senator Emmanuel Nwachukwu emphasised the need for inter-state coordination, particularly in rail connectivity, gas pipelines and industrial park development, stressing that gas infrastructure remains critical to reviving struggling industries in the region.

Senator Anthony Ani noted that the flagship programmes collectively cover all key sectors necessary for regional transformation, urging detailed implementation to ensure tangible results.
Senator Osita Ngwu expressed “absolute confidence” in the leadership of the Commission, acknowledging that foundational institutional work is often the most demanding phase.

Kalu: “We Will Be Ruthless in Oversight”

Chairman of the Senate Committee and former Abia State Governor, Orji Uzor Kalu, commended the management for presenting what he described as a “bankable document” capable of attracting global financing institutions.
He emphasised that the Commission was established as a development institution, not a political platform, and reiterated that it was entrusted to the region by President Bola Ahmed Tinubu.

“Our rules are simple compliance, oversight and feedback. This Committee will be ruthless in oversight. We will not look at anybody’s face. This Commission must not be a place for siphoning money. It must rekindle hope and drive economic development,” Kalu said.

He encouraged transparency, collective leadership among executive directors and readiness for oversight visits. He also defended the preparatory feasibility studies, describing them as essential groundwork for attracting institutions such as the World Bank and Afreximbank and for integrating projects into national borrowing frameworks.
Path Forward

Despite losing a full fiscal year to non-release of capital funds, the Senate acknowledged that the Commission used the period to lay structural and strategic foundations.

With legislative backing now secured alongside strong cautions on accountability, security performance and ecological urgency the ₦140 billion 2026 budget proposal moves forward under close parliamentary scrutiny, as expectations rise for visible development outcomes across the South East.

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Business & Economy

Niger Delta group commends FG on Immigration Law compliance

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By David Owei,Bayelsa

A Niger Delta Think Tank, the Movement of Intellectuals for National Development (MIND), has commended the Federal Government over its directive on strict compliance with the Nigerian Immigration Law.

MIND, in a letter to the Minister of Interior, signed by its Western Coordinator, Ebi Warekromo, stated that the Ministry’s firm statement condemning the abuse of Nigeria’s immigration framework by certain expatriate workers and their employers operating within the country was a welcome development.

According to him, the Ministry’s ‘’clear and decisive position sends a strong signal that the Federal Government remains committed to upholding the rule of law, protecting the integrity of Nigeria’s immigration system, and safeguarding employment opportunities that should rightfully be available to qualified Nigerians.’’

Warekromo, while recalling a recent petition by the group that was submitted to the National Assembly, vowed that it would continue to work with all relevant agencies of the government to expose abuse of Nigeria’s Immigration Law.

The statement read in part: ‘’Our organization had recently submitted a petition to the Senate President of the Federal Republic of Nigeria, highlighting disturbing patterns of non-compliance with immigration and expatriate quota regulations by some multinational corporations operating in Nigeria. The petition specifically drew attention to issues relating to the operations of TotalEnergies Nigeria, including allegations of expatriate personnel occupying positions that are ordinarily meant for Nigerians, the misuse of expatriate quota approvals, and practices that undermine the objectives of Nigeria’s labour and local content policies.

It is therefore highly reassuring to note the Ministry’s strong condemnation of such practices and its commitment to ensuring strict compliance with Nigeria’s immigration laws. We believe this position is both timely and necessary to protect national interests, strengthen institutional accountability, and ensure that expatriate participation in Nigeria’s economy genuinely contributes to skills transfer and national development.

In light of this, the Movement of Intellectuals for National Development expresses its readiness to work constructively with the Ministry of Interior and its relevant agencies in identifying and addressing cases of immigration law violations. We believe that collaboration between regulatory institutions and responsible civil society organizations will significantly enhance efforts aimed at curbing these detrimental practices.

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*HallowMace Foundation and Partners Unveil Final Three Nominees Per Geo-Political Zone for 2026 National Legislative Award, Announces Final Voting Stage*

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ABUJA, April 16, 2026, The HallowMace Foundation and Partners have officially released the final list of the last three outstanding nominees per Nigeria’s six geo-political zones for the upcoming National Legislative Award, scheduled to take place in July 2026.

After a rigorous selection process incorporating input from Nigerian citizens and the National Assembly Press Corps, the Foundation and Partners finalized the roster of distinguished Senators and House of Representatives members who have demonstrated exceptional legislative performance.

The nominees are grouped by geo-political zone as follows:

*SOUTH EAST*

*Senate*
Sen. Enyinnaya Abariba
Sen. Victor Umeh
Sen. Osita Izunaso

*House of Reps*
Hon. Benjamin Kalu
Hon. Dominic Okafor
Hon. Chike Okafor

*SOUTH SOUTH*

*Senate*
Sen. Seriake Dickson
Sen. Adams Oshiomole
Sen. Asuquo Ekpenyong

*House of Reps*
Hon. Frederick Agbedi
Hon. Francis Waive
Hon. Inombek Awaji-Abiante

*SOUTH WEST*

*Senate*
Sen. Opeyemi Bamidele
Sen. Solomon Olamilekan
Sen. Abdulfattah Buhari

*House of Reps*
Hon. Akin Rotimi
Hon. Babajimi Benson
Hon. Oluwole Oke

*NORTH CENTRAL*

*Senate*
Sen. Sani Musa
Sen. Natasha Akpoti-Uduanghan
Sen. Aliyu Wadada

*House of Reps*
Hon. Terseer Ugbor
Hon. Saidu Musa Abdullahi
Hon. Jonathan G. Gaza

*NORTH EAST*

*Senate*
Sen. Abdul Ninji
Sen. Muhammed Monguno
Sen. Muhammed Danjuma Goje

*House of Reps*
Hon. Laori K. Bitrus
Hon. Ahmadu Usman Jaha
Hon. Bello Usman Kumo

*NORTH WEST*

*Senate*
Sen. Hussaini Babangida Uba
Sen. Sunday Katung
Sen. Aminu Waziri Tambuwal

*House of Reps*
Hon. Hassan Fulata
Hon. Abdussamad Dasuki
Hon. Sada Soli

According to the Organisers, these nominees represent the *“last three”* standing per zone following extensive voting by Nigerian public and legislative correspondents. They have been recognized for their outstanding contributions to lawmaking, oversight, and constituency representation.

*Voting For The Next Stage Now Open*
The HallowMace Foundation and Partners hereby announce that voting for the final selection stage has commenced effective today, April 16, 2026. In this crucial phase, members of the public are invited to vote to select one Senator and one House of Representatives member per geo-political zone from the list of final nominees.

Email: thenationallegislativeawards@gmail.com

This stage of voting shall close on the last day of April 2026 (April 30, 2026) . Winners will be determined by a combination of public votes and final validation by the National Assembly Press Corps.

The National Legislative Award ceremony is set to hold in July 2026, where the final winners will be unveiled and celebrated for their dedication to the Nigerian project.

*About HallowMace Foundation*
The HallowMace Foundation is a non-partisan organization committed to promoting legislative excellence and accountability across Nigeria.

*Signed:*

Amb. Oguh Hyginus John
*Head, Public Communications Desk*
The National Legislative Awards Planning Committee

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PPP Business Model Responsible for Success of NLNG -Fubara *Pledges Continued support for Corporate Organizations operating in Rivers State

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Rivers state governor Siminalayi Fubara(right) New CEO of the NLNG, Mr Adeleye Falade(left)

By George Mgbeleke

Governor of Rivers State, His Excellency, Sir Siminalayi Fubara has attributed the success of the Nigeria Liquified Natural Gas ( NLNG) Limited to the Public Private Partnership ( PPP) business model adopted by the Federal Government and the multinational oil companies from the inception of the organisation.

Governor Fubara stated this while receiving the new Managing Director and Chief Executive Officer of the NLNG, Mr Adeleye Falade who paid him a courtesy visit at Government House, Port Harcourt.
The NLNG is jointly owned by Nigerian National Petroleum Corporation (NNPC) with 49%, Shell Gas B.V. with 25.6%, Total LNG Nigeria Ltd with 15%, and Eni International with 10.4%.This partnership model allows for shared risks, costs, and expertise in the LNG sector.


L to R: Miss Homa Nmegbu, Govt. Relations Advisor; Abdul Saleh, Technical Adviser to Exexutive Management; Dr Yemi Adeyemi, Manager Community Relations; Abdul Umar, Manager, Government Relations; Engr Adeleye Falade, MD/CEO, Governor of Rivers State, His Excellency, Siminalayi Fubara; Dr Sophia Horsfall, GM, External Relations & Sustainable Development; Mike Igoni, Head, Govt Relations; Ifeanyi Umeh, Head Community Engagement & Liaison, Kate Allison, Senior Govt Relations Advisor and Emma Nwatu, Senior Media Advisor, in a group photograph during the courtesy visit on Wednesday.

In a statement by his Chief Press Secretary,Onwuka Nzeshi, governor Fubara observed that the NLNG has not only survived the difficult business environment but has made sustained progress in the nearly three decades of its existence. According to him, the decision of the Federal Government to allow the multinational oil companies who have the needed expertise to run the establishment while government plays a supervisory role over it, has largely been responsible for its success.

” I’m very proud to say that if there is one establishment that has shown resilience, that has survived in the face of all the political issues prevalent in this country, it is the NLNG. And what is the reason? The reason is very simple. Government has no business in business. That is the truth. Leave the business for those people who can operate it. Let the government play its supervisory role to ensure that there is compliance with the laws; ensure that standards are maintained and also ensure that the right people with the needed expertise are at the helm of affairs. That’s all. I think that is the reason why we still record a lot of successes in NLNG,” he said.

Governor Fubara pledged the continued support of his administration for the NLNG, stressing that the success of the organisation is equally the success of the government of Rivers State and the success of the Federal Government of Nigeria. He gave assurance that his administration will continue to contribute it’s own quota in support of the NLNG.

“Our duty is to make sure that we support whoever is operating in our state. We are the ones here. If we don’t support you and you don’t succeed, we also will not succeed and Mr President will also not succeed.
“So the success of your establishment is the success of our state, and overall success of Nigeria. So you can count on our support. Wherever you think we need to come in to support you, please do not hesitate to call upon us.
“You just mentioned here that your predecessor left a handover note showcasing the level of support that he got from the state. It is not going to be different in your own case. I can assure you that. I will also ensure that other units of the government will liaise with you when necessary. So even if you can’t get to me, you can always get to them and if there is anything we can do to help your establishment succeed, we will do it for you,” he said.

In his opening remark, the new CEO of the NLNG, Mr Adeleye Falade who led other top officials of the company on the visit, expressed appreciation for the audience granted them and appealed to the Government of Rivers State to continue to support the organisation.

” We appreciate the opportunity to meet with you and deepen this important relationship.We deeply value the support the Rivers State Government continues to extend in fostering an enabling operating environment for businesses. NLNG remains deliberate in its contribution to Nigeria’s development, and Rivers State, our primary host, continues to be central to that commitment,” he said.
The company, Falade said, has continued to work with its host communities to strengthen their capacity to identify, prioritise, and deliver sustainable development initiatives that create lasting impact. According to him
communities including Amadi-ama, Abua, Ekpeye, Okrika, Kalabari, and Emohua have continued to benefit from this model. He said that beyond community infrastructure, the NLNG have sustained investments in economic empowerment through initiatives such as Vocational Innovation and Business Empowerment Scheme (VIBES) and Micro Small and Medium Enterprise (MSME) schemes. These, he said, were designed to support small businesses, build capacity, and stimulate local enterprise across the state.
Among officials of the company who accompanied the Managing Director where General Manager, External Relations and Sustainable Development, Dr Sophia Horsfall; Manager, Government Relations, Mr Abdul Umar; Manager, Community Relations; Dr Yemi Adeyemi; Head of Government Relations, Mr Mike Igoni; Head of Community Liaison and Engagement, Chief Ifeanyi Umeh. Others are Technical Assistant to Executive Leadership, Mr Hassan Saleh; Senior Media and Publicity Advisor, Mr Emma Nwatu; Government Relations Advisor, Miss Homa Nmegbu, Senior Government Relations Advisor, Mrs Kate Allison and Audio -Visual Advisor, Mr Dawood Ahmed.

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