Connect with us

Politics

Nigeria needs $200billiion for gas infrastructure – NEITI …As Senate kicks against less than 1% contribution of solid minerals to GDP

Published

on

Senate chamber

By George Mgbeleke, Abuja

The Nigeria Extractive Industries Transparency Initiative ( NEITI) , declared in Abuja on Monday that Nigeria requires injection of $200billion into gas infrastructure for maximization of the natural resources as the ninth highest gas producer in the World and number one in Africa .

This is as the Senate through its Committee on Public Accounts, declared as unacceptable , the less than 1% contribution of proceeds from solid minerals to GDP on yearly basis .l

Executive Secretary of NEITI , Dr Orji Ogbonnaya Orji , in his 2021 – 2023 reports on Oil, Gas and Solid Minerals presentation to the Public Accounts Committee chaired by Senator Aliyu Wadada Ahmed, said the required infrastructure for maximization of gas resources in the country are not there .

” Based on NEITI’s findings , Nigeria needs to invest at least $20billion per year into gas infrastructure for a period of ten years

” The only thing that Qatar Energy does is gas processing through required infrastructure .

” So, in Nigeria, what we need, is to invest in gas infrastructure to evacuate gas. And our study shows that we need an initial investment of $20 billion annually for 10 years to be able to generate the kind of gas infrastructure required to provide gas for the whole of Africa and beyond.

” This of course , will require construction of gas pipelines along and across,West African sub-region, and beyond which is a huge expenditure”, he said

When asked on what NEITI is doing on alleged $8.5billion unremitted into the consolidated revenue fund by Nigerian National Petroleum Company Limited , Federal Inland Revenue Service and Nigerian Upstream Petroleum Regulatory Commission in 2023, the NEITI boss said the Economic and Financial Crime Commission ( EFCC) , is already probing the agencies involved .

He however added that the Solid Minerals sector is not giving the country desired revenue as yearly proceeds from the sector is less than 1% to GDP .

Irked by the submission , the Chairman and members of the committee said NEITI’s report on solid minerals , is not reflective of what is going on in the solid mineral sector .

They wondered why only States like Ogun , Osun , Kogi , Edo , Ebonyi , Rivers , Cross Rivers and FCT , were mentioned in the report leaving out Nasarawa , Zamfara , Kebbi , Plateau , Bauchi etc .

Specifically the Chairman of the Committee, Senator Wadada described the less than one 1% contribution of solid minerals to GDP as quite ridiculous and unacceptable .

” This definitely must not continue, there must be complete overhaul of the sector “, he said .

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Politics

2026 Budget :INEC Seeks N873bn for 2027 Polls, …..Proposes N171bn allocation for this fiscal year

Published

on

By

By George Mgbeleke

Ahead of 2027 election the Independent National Electoral Commission (INEC) has proposed N873.778 billion for the conduct of the 2027 general elections.

Chairman INEC, Prof. Joash Amupitan, declared this during the presentation of the Commission’s 2026 budget proposal and projected cost for the 2027 polls before the National Assembly Joint Committee on Electoral Matters in Abuja Thursday

Amupitan clarified that the proposed N873.778 billion election budget is separate from INEC’s 2026 appropriation proposal, which puts the Commission’s operational expenditure at N171 billion.

The 2026 allocation is expected to cover routine activities, including the conduct of by-elections and off-cycle governorship elections.

He noted that the projected election cost excludes a fresh request by the National Youth Service Corps (NYSC) seeking an upward review of allowances for corps members deployed as ad-hoc election staff.

Providing a breakdown of the projected election budget, the INEC chairman said the estimate is structured across five major components, including N379.748 billion for operational expenses, N92.317 billion for administrative costs, N209.206 billion for technological requirements, N154.905 billion for election capital projects and N42.608 billion for miscellaneous expenses.

Amupitan explained that the budget proposal was prepared in compliance with Section 3(3) of the Electoral Act 2022, which mandates the Commission to prepare its election budget at least one year before the general election.

On the 2026 fiscal projections, he revealed that the Ministry of Finance had issued the Commission a budget envelope of N140 billion, while INEC proposed a total expenditure of N171 billion, comprising N109 billion for personnel costs, N18.7 billion for overheads, N42.63 billion for election-related activities, and N1.4 billion for capital expenditure.

The INEC chairman expressed concerns over the envelope budgeting system, describing it as unsuitable for the Commission’s operations due to the urgent and unpredictable nature of electoral activities.

He also identified the absence of a dedicated communications network as a major operational challenge.

Speaking during the session, Senator Adams Oshiomhole (Edo North) argued that external agencies should not impose budgeting frameworks on INEC, considering the sensitive nature of its mandate and urged Parliament to align funding with the Commission’s actual requirements.

Similarly, a member of the House of Representatives, Billy Osawaru, called for INEC’s budget to be placed on first line charge as stipulated in the Constitution, while the Joint Committee approved a motion recommending a one time release of the Commission’s annual budget and said it would consider NYSC’s request for about N32 billion to increase allowances for corps members to N125,000 during election duties.

Chairman of the Senate Committee on INEC, Senator Simon Lalong assured legislative support for the Commission, while Chairman of the House Committee on Electoral Matters, Rep. Bayo Balogun, cautioned INEC against making promises it may not fulfil, recalling the controversy surrounding assurances on real fime result uploads to the INEC Result Viewing (IREV) portal during the last general election.

Continue Reading

Politics

ADC Flags Off Membership Revalidation, Mobilisation and Registration; …… Inaugurates State MRMR Committees in Abuja

Published

on

By

By Our Correspondent

The African Democratic Congress (ADC) has successfully flagged off its nationwide Membership Revalidation, Mobilisation and Registration (MRMR) exercise and inaugurated the State MRMR Committees.

The landmark event took place on Thursday at Barcelona Hotel, Wuse II, Abuja. It was attended by NEC Members, party leaders, key stakeholders, and dedicated party faithful from across the country.

In his inaugural address,National Chairman of the party and former senate President, Senator David Mark the party described the MRMR exercise as a strategic and transformative step toward strengthening the internal structures of the ADC, deepening grassroots engagement, and repositioning the party for greater national impact.

Members were urged to actively participate in the process to ensure the development of a credible, updated, and inclusive membership database.

Mark further announced that the newly issued membership card under the MRMR exercise officially supersedes and renders all previously issued ADC membership cards invalid.

Consequently, all members are required to complete the revalidation and registration process in order to retain their active membership status and full privileges within the party.

The inauguration of the State MRMR Committees underscores the party’s commitment to transparency, accountability, and effective coordination at the state level. The committees have been mandated to ensure a smooth, transparent, and successful implementation of the exercise nationwide.

According to him,ADC remains resolute in its mission to deepen democratic values, expand its membership base, and build a stronger, people-centered political movement across Nigeria.

Continue Reading

Politics

NEDC Strengthens Ties with Journalists to Boost Public Awareness

Published

on

By

BY UTHMAN BABA-NASEER,MINNA

The Niger Electric Distribution Company Limited (NEDC) has announced plans to partner with journalists to improve development communication and increase public awareness of its activities and services.

The Managing Director of the company, Engineer Sam Odekina, made this known during a two-hour interactive session with journalists at his office.

He described the media as a key partner in progress, saying the company decided to work closely with journalists to better inform and educate the public about its operations, policies, and ongoing projects.

According to him, many electricity consumers want more information about the company’s activities. He explained that the media can serve as a reliable bridge between NEDC and its customers by providing accurate and timely information.

Engineer Odekina also described the media as the “fourth estate of the realm,” stressing its vital role in promoting transparency, accountability, and public understanding. He expressed confidence that the partnership would strengthen communication and build trust between the company and its customers.

In his remarks, the Head of Consumer Experience, Mr. Kene Ofili, appreciated the media for its contributions, noting that journalists have helped the company to properly inform and guide the public on important issues.

He appealed to journalists to always verify information with the company before broadcasting or publishing reports, to ensure accuracy and fairness.

Also speaking, the Head of Brand Marketing and Corporate Communication Mr. Omede Odekina assured journalists that the company would continue to share information about its challenges and activities so that the public can have a clearer understanding of its operations.

The interactive session highlighted the long-standing relationship between NEDC and the media and reaffirmed their commitment to working together in the interest of the public.

Continue Reading

Latest

Politics25 seconds ago

2026 Budget :INEC Seeks N873bn for 2027 Polls, …..Proposes N171bn allocation for this fiscal year

By George Mgbeleke Ahead of 2027 election the Independent National Electoral Commission (INEC) has proposed N873.778 billion for the conduct...

Politics10 minutes ago

ADC Flags Off Membership Revalidation, Mobilisation and Registration; …… Inaugurates State MRMR Committees in Abuja

By Our Correspondent The African Democratic Congress (ADC) has successfully flagged off its nationwide Membership Revalidation, Mobilisation and Registration (MRMR)...

Business & Economy17 minutes ago

Budget : AGF under fire as Senators lambast him over zero capital allocation to MDAs … Non payment of executed contracts …Centralized payment System

By George Mgbeleke In a bid to put the record straight on the delays in disbursement of funds to Ministries,...

Religion33 minutes ago

Real-time Transmission of Election Results Doesn’t Translate to E-Voting, Senate Clarifies …..Says IReV wasn’t specifically designed for electronic voting ……Faults claims that it declined the use of IReV for 2027 polls

 By George Mgbeleke The Senate has clarified that the electronic transmission of election results in real time does not translate...

Politics6 hours ago

NEDC Strengthens Ties with Journalists to Boost Public Awareness

BY UTHMAN BABA-NASEER,MINNA The Niger Electric Distribution Company Limited (NEDC) has announced plans to partner with journalists to improve development...

Law & Crime8 hours ago

Bayelsa High court Jails a 29 -Year-Old man For Sexually Assaulting A minor

By David Owei,Bayelsa A Bayelsa State High Court sitting in Yenagoa has sentenced a 29-year-old man, Ebimie Ajalla of Polobubo...

General News11 hours ago

Veterinarians crucial to successful agenda on food security, employment -FG

By Abdul-Ganiyy Akanbi, The Federal Government has said veterinary professionals have a critical role to play in the realization of...

Uncategorized15 hours ago

INC scribe, Engr. Ebipamowei Wodu, submits nomination form for position of President …. gets wide endorsement from aspirants

By David Owei The National Secretary of the Ijaw National Congress INC, Engineer Ebipamowei Wodu has submitted his interest/nomination form...

Law & Crime1 day ago

Niger state Judiciary launches its Electronic Filling (E- Filling) system across all High courts

By Uthman-Baba Naseer, Minna In a significant move towards digitalizing the Judicial process,the Niger State High Court has formally launched...

Business & Economy1 day ago

Lagos-Calabar, Sokoto-Badagry Coastal Highway Top N3.2trn Works Budget-Umahi

By George Mgbeleke In its bid to develop the nation’s road infrastructure and complete abandoned projects ,Minister of Works, David...

Trending