Connect with us

Business & Economy

Senate Decries MDAs’ Low Remittances to Federation Account in 2024

Published

on

NASS complex

 

Senate has expressed concern over low remittances of revenues generated in 2024 by ministries, departments and agencies (MDAs) and some government-owned enterprises (GOEs) to the Federation Account.

The Chairman, Joint Finance Committee of Senate and House of Representatives, Senator Sani Musa, stated this in Abuja on Monday at an interactive session on the MDAs’ revenue projections for 2025.

The MDAs at the meeting included: Nigeria Customs Service (NCS), Federal Road Safety Commission (FRSC) and Joint Admissions and Matriculation Board (JAMB).

Others were: Nigeria Immigration Service (NIS), Nigeria Communications Commission (NCC) and Fiscal Responsibility Commission (FRC).

Sani said that the Senate was deeply worried about the widening disparity between the substantial revenue accruals to the MDAs and their consistently low remittances to the federation account.

“This trend undermines the government’s capacity to fund critical infrastructure and social services, calling to question issues of inefficiency, mismanagement and possible revenue leakages,” he said

According to him, his committee’s mandate is to ensure transparency, accountability and efficiency in the financial operations of the agencies.

The senator said that the committee would continue to scrutinise the MDAs’ revenue projections, performance and adherence to statutory remittance obligations.

This, he said, was to identify systematic doubts and recommend actionable results to reverse the troubling patterns.

Sani sought the cooperation and understanding of all stakeholders at the interactive session, saying that it was imperative that accurate data, comprehensive records and open data were presented for the benefit of Nigerians.

“Let us approach these tasks with a shared commitment to building a stronger, more accountable fiscal framework for Nigeria.

“I call on all of us to please be very open on all those areas that we know, even if they are not presented to us,” he said

Business & Economy

NEITI Report : Senate gives Seplat , Network E & P , others , 48 hours ultimatum ….As Dubri oil defends $3.025million royalty and gas flare debts

Published

on

By

Senate President Godswill Akpabio

By George Mgbeleke

Foĺlowing the on-going efforts by the Senate to recover all unaccounted funds by revenue generating Agencies of government, the Red chamber on Tuesday through its Public Accounts Committee , gave Seplat Energy , Network E & P Nigeria Limited and two other oil companies , 48 hours to appear before it to answer queries raised against them in the 2021, 2022 and 2023 audit reports presented by Nigeria Extractive Industries Transparency Initiative ( NEITI) .

The two other oil companies given similar 48 hours ultimatum for appearance or risk invocation of legislative powers against them are All Grace Energy Limited and Aradel Energy Limited .

But Dubri Oil Company Limited that appeared before the committee , defended $’3.025million royalty and gas flare debts recorded against it in the audit report .

48 hours ultimatum against the affected four oil companies followed resolution adopted to that effect by the Senator Ibrahim Hassan Dankwabo led committee in line with displeasures expressed by some of its members .

First to call for sanction against the erring oil companies , was Senator Abdul Ningi ( Bauchi Central ) who described letter written by Network E & P Nigeria Limited to the committee that Nigerian Upstream Petroleum Regulatory Commission ( NUPRC) is the regulatory body it reports to , as disturbing and provocative .

The Senate according to him as provided for in sections 88 and 89 of the 1999 constitution, can invite any body or agency .

” The Senate and by extension , the National Assembly, is the custodian of Nigeria law that has power to invite anybody or agency for explanations on issues raised against them “, he said .

In supporting Ningi , Senator Shehu Kaka Lawan ( Borno Central ) , called for invocation of constitutional powers against management of the affected agencies which made the Chairman to issue 48 hours ultimatum for appearance against Managing Director of Network E & P Nigeria Limited .

” Having failed to honour invitation of this committee two consecutive times , the Managing Director of Network E & P Nigeria Limited should appear before us unfailingly on Thursday this week or risk full invocation of legislative powers against him”, he said .

Similar ultimatums were also issued against Managing Directors of All Grace Energy Limited , Aradel Energy Limited and Seplat Energy when when their absence was noted by the committee.

But Dubri Oil that appeared , rejected $3.025million royalty and gas flare debts recorded against it .

NEITI in the report alleged that as submitted by NUPRC in 2025 that Dubri Oil owes $3.025million debt which include $2.378million debt for gas flare and $646, 605.55 for oil production

The query was however faulted by representative of Dubri Oil , Soyode Olusoji Clement who said the report was compiled when the oil company had reconciliation issue with NUPRC .

The reconciliation problem between Dubri oil and NUPRC according to him , has however been resolved without any debt hanging on Dubri oil .

He presented documents to that effect to the committee which according to the committee, would be studied critically before issuance of clean bill of health .

Continue Reading

Business & Economy

Tinubu’s livestock reforms will end subsistence farming, create jobs –Jega

Published

on

By

By Our Correspondent

The Special Adviser to the President on Livestock Development, Prof. Attahiru M. Jega, has said the Presidential Livestock Reforms Agenda of President Bola Ahmed Tinubu is designed to end subsistence livestock farming and build a commercially viable sector that will create jobs and strengthen food security.

Jega, who is also Co-Chair of the Presidential Livestock Reforms Implementation Committee, stated this in a goodwill message delivered at the 9th All Africa Conference on Animal Agriculture in Abuja on behalf of the Presidency.

The conference themed, “Repositioning Animal Agriculture for Africa’s Food Security and Global Competitiveness,” brought together stakeholders across the continent.

Jega, who was represented by Prof. D. J. U. Kalla, said Africa cannot achieve sustainable food security, improved nutrition and inclusive economic growth without transforming animal agriculture.

“Livestock is deeply woven into Africa’s culture, heritage and economy. Beyond food, cattle, sheep, goats, camels and poultry represent wealth, livelihoods, resilience and social capital for millions of African families,” he stated.

He noted that the sector generates employment and income across breeding, feed, animal health, processing, trade and value addition, describing livestock as “not a peripheral component of African agriculture, but a prime mover of inclusive economic transformation.”

“Our ambition is to unlock the enormous economic potential—the goldmine—of the livestock sector and build a productive, competitive, climate-resilient and commercially viable industry that creates jobs, strengthens food and nutrition security, and drives rural prosperity,” he said.

Jega stressed that the country must move “from subsistence to productivity, from fragmentation to value-chain integration, and from potential to investment and competitiveness.”

He listed key areas for investment to include genetics, animal health, feed and forage, water, research and innovation, infrastructure, value addition and markets.

The presidential aide urged the conference to move “beyond dialogue to action, partnerships and measurable commitments” that translate policy into impact.

“Africa has the livestock resources. Our task is to convert this biological wealth into nutritious food, decent jobs, resilient livelihoods and globally competitive enterprises. Africa must feed Africa—and animal agriculture must be at the fulcrum of that transformation,” Jega concluded.

Continue Reading

Business & Economy

Women,s Wing Of ABER Hails Dr. Piriye Kiyaramo As Visionary Leading Africa,s Blue Economy Transformation

Published

on

By

By David Owei

“The Captain of the Blue Future” Commends Inclusive Leadership Ahead of the forthcoming Africa Blue Economy Roundtable’s Women Forum

Younde, Cameroon – The Head of the Women’s Wing of Africa Blue Economy Roundtable – ABER, Barr. Sophie De Sylvie Djoufa Tiemagni, popularly known as ‘The Captain of the Blue Future’, has paid glowing tribute to Dr. Piriye Kiyaramo, Convener and Chief Executive Officer of ABER, describing him as a visionary leader shaping the future of Africa’s Blue Economy.

In a statement issued from the ABER Women’s Wing Secretariat, Duoula – Cameroon, Barr. Djoufa Tiemagni said Dr. Kiyaramo embodies a new generation of leadership focused on action, inclusion, and impact.

“There are leaders who manage, and there are leaders who inspire, transform, and unite. Dr. Piriye Kiyaramo unquestionably belongs to the latter category. In many ways, he is the human embodiment of leadership,” she stated.

Barr. Djoufa Tiemagni noted that under Dr. Kiyaramo’s leadership, ABER has prioritized competence over connections in its appointments of regional leaders, an International Ambassador, the Head of the Women’s Wing, and in recognizing outstanding women through prestigious awards.

“Through these appointments, he has demonstrated that inclusion is not a slogan but a fundamental value at the heart of his vision. He has made inclusion, merit, and excellence the pillars of his leadership,” she said.

She added that this approach, guided by competence, commitment, and contribution to the blue economy, has enabled ABER to build a united community of stakeholders with a shared ambition: to make the blue economy a powerful engine for Africa’s development.

The tribute comes on the heels of the 3rd Africa Blue Economy Week, held in Luanda, Angola from 22 to 25 July 2026, where the central theme was transforming strategies into tangible results for African people.

“Since its establishment, ABER has worked tirelessly to build partnerships, promote African talent, strengthen women’s leadership, and accelerate the implementation of high-impact initiatives,” Barr. Djoufa Tiemagni said. “The time has come to move from strategy to action and make the blue economy a strategic driver of economic transformation, sovereignty, job creation, innovation, and Africa’s emergence.”

Concluding her tribute, Barr. Djoufa Tiemagni said Dr. Kiyaramo’s leadership reminds Africa that no sustainable transformation can be achieved without vision, inclusion, and action.

“Today, that vision has become a reality. Yes, ‘together we can’. And we believe it wholeheartedly. Together, we can. Together, we will. The future of Africa’s Blue Economy is bright.”

The Africa Blue Economy Roundtable – ABER, convened by Dr. Piriye Kiyaramo, is a pan-African platform dedicated to advancing policy dialogue, investment, and partnerships for the sustainable development of Africa’s ocean and water resources. ABER works to position the blue economy as a key driver of jobs, food security, climate resilience, and inclusive growth across the continent.

The Women’s Wing of ABER is committed to amplifying women’s leadership, participation, and impact in maritime governance, fisheries, aquaculture, shipping, and all blue economy sectors.

Continue Reading

Latest

Law & Crime19 hours ago

Tension in Nnobi Community As TCN Marks 1000 Houses for Demolition to pave way for high tension electric line in Anambra community , Soludo Aide Escapes Attack

By Our Correspondent ‎ Nnobi, Idemili South Local Government Area of Anambra State on Monday took to the streets in...

Politics19 hours ago

Wike-engineered Land reforms unlock 26,272 property titles for FCT residents

By Our Correspondent In a bid to encourage business growth in the Federal Capital Territory and align with President Bola...

Politics19 hours ago

Osun Decides: Obi Hails Adeleke, Says People’s Power Will Always Defend Democracy

By Our Correspondent Presidential candidate of the Nigeria Democratic Congress (NDC) in the 2027 election, Mr Peter Obi, has congratulated...

Politics20 hours ago

Fubara Unveils Reconstructed Buguma-Degema-Adonnema Road

By Our Correspondent Governor of Rivers State, His Excellency Sir Siminalayi Fubara has unveiled the reconstructed Buguma-Degema-Abonnema Road, a major...

Opinion20 hours ago

*Araba Rufus Aiyenigba Celebrates Barrister Funsho Fayomi, A Great Okun Development Enthusiast*

By Our Correspondent The Secretary of Elders Council of Okun Development Association (ODA), the apex socio-cultural organisation representing the Okun-Yorubas,...

Uncategorized20 hours ago

Bayelsa Starlets Begin NLO Youths League on a Winning Note

‎By David Owei,Bayelsa ‎Bayelsa Starlets Academy of Yenagoa, affiliated to FC Barcelona of Spain, came from two goals down to...

Politics20 hours ago

My Deputy Is Right Choice – Gov Diri

By David Owei,Bayelsa Governor of Bayelsa State, Senator Douye Diri, has said he made no mistake picking Dr. Peter Akpe...

Law & Crime20 hours ago

HURIWA Commends Army Chief Over Counter-Terrorism Gains, Urges Coordinated Rescue of 52 Borno Children

By George Mgbeleke The Human Rights Writers Association of Nigeria (HURIWA) has commended the Chief of Army Staff, Lt. Gen....

Law & Crime1 day ago

Niger state MULAN Inaugurated and charges to pilot Affairs of Association in 2yrs

By Uthman Baba-Naseer,Minna Eleven members of the executive committee of the Muslim Lawyers Association of Nigeria,(MULAN),Niger State chapter,have been affirmed...

Politics1 day ago

Shettima, Saudi Ambassador to grace IHR’s 10th Hajj lecture August 20

By Our Correspondent Independent Hajj Reporters, IHR, a registered faith-based civil society organisation, CSO reporting on and promoting awareness within...

Trending