

Business & Economy
2025 : NIWA targets 200% increase on remittance to CFR …proposes N34,389billion as total revenue
The National Inland Waterways Authority ( NIWA), has proposed N9.054billion as revenue to be remitted into the Consolidated Revenue Fund ( CFR) from the total targeted revenue of N34.389billion in the 2025 fiscal year .
The N9.05billion targeted as revenue to be remitted into CFR in 2025 by NIWA , according to its Managing Director and Chief Executive Officer , Bola Oyebamiji , is about 200% increase on N2.625billion remitted into CFR in 2024 .
Oyebamiji stated these in Abuja on Wednesday during his presentation to the National Assembly joint Committee on Marine Transport .
He said the N9.054billion projected to be remitted into CFR in 2025 comprise of 50% IGR remittance which is N2.756billion , 40% of Port Development Levy ( PDL) remittance which is N5.775billion from the projected N28.875bikkion .
Others according to him , are proceeds from lease of properties which is estimated at N496.894million and Tender Documentation estimated to be N25.629million , all totalling N9054billion .
” The projected astronomical increase on revenue to be remitted by NIWA into the Consolidated Revenue Fund in 2025 , largely arose from the estimated N28.875billion Port Development Levy in the fiscal year as against N13.219billion realised in 2024 “, he said .
Apparently satisfied with his presentation the Joint Committee Chaired by Senator Wasiu Eshilokun ( APC Lagos Central ) , urged the Managing Director of NIWA , to move from 91% budget performance it recorded in 2024 to 100% in 2025 .
” Your projected IGR and remittance into the Consolidated Revenue Fund when compared to those of 2024 , are encouraging but this committee believes that NIWA can even surpass its projections in the fiscal year .
” That is what we want to hear at the end of the year because the country needs more revenues and remittances to fund its yearly budget “, he said .
Business & Economy
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National Assembly
Business & Economy
Pastor Reuben Initiative extols founder’s philanthropic gesture

By Idibhar Agadaga, Baylesa
The Director General Pastor Reuben Initiative for Good Leadership and Accountability (PRIFGLA), Eseimokumo Frank Soko has commended Pastor Reuben Wilson’s selfless contributions to the development of Bayelsa State and the Niger Delta region.
Speaking on an enlighment program on Royal FM, 95.5, Eseimokumo Frank Soko, highlighted Wilson’s commitment to education, noting that he has sponsored over 200 students across various universities in the region.
According to Soko, Wilson’s philanthropic efforts extend beyond education, as he has also provided monthly stipends to members of the Initiative ànd numerous individuals in need.
He particularly extolled Wilson’s selfless and sacrificial lifestyle which have positively impacted the lives of many Bayelsans.
He emphasized that Wilson’s charitable works is not limited to any particular political party or affiliation as beneficiaries come from diverse backgrounds including PDP, APC and Labour Party members.
On his part, PRIFGLA’s National Secretary and Special Adviser on Student Matters and Scholarships, Ogbomo Erepamowei, shared Wilson’s inspiring personal story, which has driven his passion for helping others.
Ogbomo noted that despite facing challenges in his own educational journey, Wilson has demonstrated remarkable resilience and generosity, supporting students in various institutions across the Niger Delta.
He added that over 200 students are under scholarship sponsored by Pastor Reuben Wilson in various universities across the Niger Delta region.
In a final statement, Soko expressed gratitude to Wilson, describing him as a “sacrificial leader” who has positively impacted the lives of those working with him.
Business & Economy
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