Business & Economy
Why Gulf Of Guinea Is Crucial To Bayelsa – Gov Diri
By David Owei, Yenagoa.
Governor of Bayelsa State, Senator Douye Diri, has said the location of the state around the resource-rich Gulf of Guinea (GoG) region presents unique opportunities for investmentp, its growth and development.
Governor Diri also stated that his administration was ready to deepen collaboration to enhance the security of the contiguous maritime area.
The Bayelsa governor spoke 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 event was convened by a policy think tank, The New Diplomat in collaboration with Angola-based Gulf of Guinea Commission.
Governor Diri noted that Bayelsa, being the ancestral homeland of the Ijaw people, shares historical affiliation and geographical similarities with the Gulf of Guinea.
According to him, the huge economic potentialities of the area were yet to be fully exploited.
He said Bayelsa’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.
His words: “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.”
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.
Diri, 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 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 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 as the region had become a transit route for illicit financial flows, drugs and organised crime.
She said: “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 criminals 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.”
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 just as 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, SAN, 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.
Business & Economy
Bayelsa Assembly Hopeful Unveils Blueprint On Human CapitL development
By David Owei,Bayelsa
Standard bearer of the Peoples Democratic Party (PDP) for Ogbia Constituency one in the 2027 elections into the Bayelsa State House of Assembly, Hon. Whoknows Azibola Odoko has said he would focus on human capital development, amongst others if he is elected into the State legislature.
Odoko stated this during a chat with Journalists in Yenagoa, the state capital yesterday.
Our source gathered that ex-President Jonathan is also a constituent of the Ogbia constituency one.
He said the era of voting for candidates who abandon constituents upon their elections was over, noting that there was nothing better than empowering and building constituents so that they can eke out a living for themselves.
The assembly hopeful averred that if elected, he would amongst other empowerment programmes roll out an educational support scheme for the training and retraining of his constituents.
He also pledged to facilitate the provision of jobs for constituents who have the requisite skills and credentials for employment, saying that under his stewardship as a lawmaker the constituency will heave a sigh of relief.
Speaking on the crisis rocking the PDP, the party’s candidate noted that all the major political parties in the country have their own share of problems, emphasizing that the Peoples Democratic Party would emerge stronger and more united on or before the 2027 polls.
He said: I’ll win the election. My popularity cut across party lines in the constituency and beyond. My teaming supporters are ready and willing to convert the goodwill I enjoy from across the constituency into votes for me come 2027.
“Upon my election I’ll institute an aggressive empowerment scheme in education, jobs creation and employment generation for my constituents.
“The era of electing candidates who don’t have anything to offer to the constituency is over”.
Business & Economy
Senate approves N2.285trn FCT 2026 Budget ……Allocates 76% to capital projects
By George Mgbeleke
The Senate on Thursday passed the 2026 Statutory Appropriation Bill for the Federal Capital Territory, (FCT) approving a total expenditure of N2.285 trillion for the administration and development of Abuja.
The approval was sequel to the presentation of the harmonised report of the Senate and House of Representatives Committees on the FCT during plenary.
Vice Chairman of the Senate Committee on FCT, Senator Austin Akobundu, presented the report on behalf of Committee Chairman, Ibrahim Bomai.
According to Akobundu, the budget is based on a projected revenue estimate of N2.385 trillion as it allocates N165.7 billion to personnel costs, N378.2 billion to overhead expenditure, and N1.741 trillion to capital projects across the territory.
He said 76.19 per cent of the total allocation is devoted to capital expenditure, while recurrent expenditure accounts for 23.8 per cent.
The appropriation, he added, complied with constitutional provisions and followed extensive consultations between the joint committees and officials of the Federal Capital Territory Administration.
“The committees met with the minister and other relevant officials of the FCTA and deliberated extensively on the subject matter,” Akobundu said.
Lawmakers described the budget as balanced and development‑oriented, with potential to accelerate infrastructure growth and improve security in Abuja and its satellite communities.
Deputy Senate President Barau Jibrin commended the proposal, calling it “top notch” and reflective of a strong commitment to infrastructural transformation in the FCT.
“Mr President, the budget is top notch. You know, I am the only one in the history of the legislature in this country that had the opportunity to serve as chairman of the appropriation committee in the House and in the Senate. So when I see a good budget I know it’s a good budget.
“A budget that has a total of N2.2 trillion and out of this, N1.7 trillion is going for capital shows his willingness and determination to continue to position FCT to the admiration of all,” he said.
Also contributing, Senator Abdul Ningi also described the budget as well‑packaged and balanced, noting that it addressed observations raised by the Senate Committee on the FCT during earlier budget reviews.
In his remarks, the Senate President Godswill Akpabio commended the committee for a job well done and urged the FCT Minister, Nyesom Wike not to relent in the development of the Territory.
Business & Economy
NNPC SCANDAL: HURIWA Blasts EFCC, ICPC, NASS, Presidency Over “CRIMINAL SILENCE” …….AS “Billions Vanish Without Accountability”
By George Mgbeleke
The Human Rights Writers Association of Nigeria (HURIWA) has expressed outrage, anger, and deep national embarrassment over the staggering failure of Nigeria’s anti-graft institutions and political leadership to act decisively on the monumental waste and alleged corruption surrounding the Nigerian National Petroleum Company Limited.
It is a massive national shame that despite over $2.4 billion reportedly sunk into the so-called Turnaround Maintenance of the Port Harcourt and Warri refineries, there is little to no tangible result to justify such colossal expenditure. Yet, those responsible walk free, uninvestigated, and unprosecuted.
In a statement signed by HURIWA’s National Coordinator Comrade Emmanuel Nnadozie Onwubiko, the group unequivocally condemned what it describes as the disgraceful inertia of the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC), which have failed woefully in their statutory duties to arrest, investigate, and prosecute those indicted in this apparent economic sabotage.
“Why are the officials responsible for this monumental waste not in jail?” HURIWA demands.
“What exactly are the EFCC and ICPC waiting for? Must Nigerians continue to tolerate impunity of this scale?”
Even more disturbing, HURIWA accuses the National Assembly of Nigeria of turning what should be a serious probe into a political charade designed to generate campaign slush funds rather than deliver justice.
“Otherwise, how do we explain the endless hearings without consequences? Why has no single high-profile conviction emerged from these investigations?” the group queried.
HURIWA did not spare the Presidency, holding Bola Ahmed Tinubu accountable for what it described as a “deafening silence and unacceptable inaction” in the face of what it called one of the most brazen financial scandals in Nigeria’s recent history.
“This administration cannot continue to look the other way while public wealth is looted in broad daylight. The President must act—decisively and immediately—or risk being seen as complicit,” the statement added.
The association warned that history would deliver a harsh verdict on all institutions and individuals who have failed to act.
“Posterity will judge this National Assembly harshly for what appears to be a dangerous connivance with corrupt elements within the NNPC to drain public resources meant for national development,” HURIWA declared.
HURIWA further described the latest move by the Nigerian National Petroleum Company Limited to enter yet another agreement with foreign partners as “a suspicious recycling of failed strategies,” insisting that without accountability, no reform can succeed.
The group, however, commended prominent industrialist Aliko Dangote for what it described as his courage in consistently speaking out against systemic corruption in the oil sector.
“At a time when many have chosen silence, Dangote has shown uncommon patriotism by drawing national attention to the rot in the system. His voice reflects the frustration of millions of Nigerians,” HURIWA noted.
HURIWA therefore demands:
Immediate arrest and prosecution of all officials linked to the failed refinery rehabilitation projects;
A transparent forensic audit of all funds spent on refinery maintenance;
Public disclosure of all contracts, contractors, and payment structures;
Immediate overhaul of anti-corruption agencies for failure to act;
An end to what it termed “legislative theatrics” in place of real accountability.
“Nigeria cannot continue like this. This culture of impunity must end. The looting of public wealth must stop. The time for action is now,” the statement concluded.
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