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Bamidele Canvasses Strategic Investments in Education to Produce Global Billionaires 

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Senate leader,Senator Opeyemi Bamidele
The Leader of the Senate, Senator Opeyemi Bamidele at the weekend challenged governments at all levels, corporate organisations and philanthropists to invest more meaningfully in education to produce global billionaires and brands.
Bamidele, currently representing Ekiti Central, highlighted how developed and emerging nations in Asia, Europe and North America leveraged education as a veritable tool of socio-economic transformation to attain their national aspirations.
He made these calls after the Ekiti State University conferred Doctor of Law (Honoris Causa) on him at its 29th convocation held on its main campus in Ado Ekiti, Ekiti State at the weekend.
Bamidele received the honour yesterday alongside Chairman, Federal Inland Revenue Service, Dr. Zacch Adedeji and Chairman, Governing Board, Bank of Industry, Dr. Mansur Muhtar, thus making it the third honorary doctorate he had received between January 2003 and March 2025.
In his address at the convocation, Bamidele emphasised the significance of education for the socio-economic transformation of nations worldwide, which according to him, had deployed to attain their development goals and conquer their heinous challenges.
He specifically observed: “When I talk about quality education, I mean the kind of education that liberates minds; that meaningfully transforms generations and that unlocks doors to limitless opportunities across all sectors.
“In this sense, education is a veritable tool that all developed and emerging countries the world over have leveraged to get to where they are today. This tool is equally available to us as a people in the pursuit of our national aspiration.”
To realise significant socio-economic development across all sectors, however, Bamidele noted that this required “providing not only an enabling environment, but also a highly competitive one for our nation to be globally competitive.
“It also entails purposeful public investments in our younger generations, and we act now. It, no doubt, demands sustained and strategic support from private interests across all sectors that produce the global brands and billionaires.
“This is the credible template that produced Elon Musk, CEO of SpaceX and Tesla; Jeff Bezos, Founder of Amazon Inc; Mark Zuckerberg, Co-founder of FaceBook and Instagram; Larry Page, CEO of Google; Warren Buffet, the proud owner of Berkshire Hathaway Inc and many more.
“It is now time for us all to leverage the tool of quality education to produce our own global billionaires and brands. But we cannot achieve it by accident or by chance, but by strategic planning and aggressive pursuit of those plans.
“We may not achieve it without redefining our national priority and investing meaningfully in people. In essence, education that liberates minds is the only answer to our desired ends. And the earlier we start investing more strategically in our people, the better for us as a federation,” he said.
Bamidele, therefore, challenged public and private actors to return to the drawing board; reflect on this message and recommit ourselves to the task of investing more meaningfully in people. This message should be a significant part of our takeaways from this historic convocation.
In his address, the Vice- chancellor of the university, Prof. Ayodele Joseph enumerated projects, which Bamidele facilitated for the institution to include construction of male and female hostels for medical students, mini stadium, construction of FM Radio Station.
Ayoadele further mentioned some notable efforts of the university alumni through strategic connection and intervention within the last one year, citing different projects that the senate leader facilitated for the university community.
He reeled Bamidele’s interventions to include facilitation of the construction of male and female hostels for medical students; a mini stadium located in university as well as the construction of FM Radio station to be donated by Senator Bamidele.
The vice chancellor, also, noted that the success of the institution could be linked to improvement in the monthly subvention of the university from N260 million to N410 million monthl

Business & Economy

Bayelsa Assembly Hopeful Unveils Blueprint On Human CapitL development

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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”.

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Business & Economy

Senate approves N2.285trn FCT 2026 Budget ……Allocates 76% to capital projects

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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.

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Business & Economy

NNPC SCANDAL: HURIWA Blasts EFCC, ICPC, NASS, Presidency Over “CRIMINAL SILENCE” …….AS “Billions Vanish Without Accountability”

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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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