Business & Economy
Contracts Execution : Revert to old payment system – Senate urges FG . .. wants replacement of Envelope system with priority based budgeting
By George Mgbeleke
The Senate on Thursday asked the Federal Government to revert back to old payment system for contractors as against the current centralized system which made it to be indebted to many contractors even on projects executed in 2024 not talk of those of 2025 .
The committee also sought for replacement of the Envelope budgeting system with priority or performance based model just as it called for sack of the Registrar General of the Corporate Affairs Commission ( CAC) , Hussaini Ishaq Magaji, SAN.for persistent refusal to appear before the committee .
The lawmakers took these resolutions during the interactive session it had with economic management team of the Federal Government led by the Minister of Finance and Coordinating Minister of Economy , Mr Wale Edun which also had in attendance , the Minister of Budget and National Planning , Senator Atiku Bagudu , the Accountant General of the Federation , Dr Shamseldeen Babatunde Ogunjimi and the Chairman, Nigeria Revenue Service ( NRC ) Zacch Adedeji .
Putting the economic team on their toes in his opening remarks at the critical interactive session , the Chairman of the Committee , Senator Sani Musa ( Niger East ) , told them that realities on ground based on feedbacks gotten from submissions made by heads of the various MDAs during budget defence sessions , show that the impact of the economy is not felt by ordinary Nigerians .
According to him ,” the economic team need to collaborate with the National Assembly for way out , which for us here , requires replacement of current operational systems .
” Specifically, based on submissions made by heads of various agencies during the ongoing budget defence sessions , the Envelope system of budgeting has failed and needs to be replaced by priority based model .
“The incremental allocation model has outlived its usefulness. It promotes routine expenditure expansion rather than strategic prioritisation.
” Similarly , the centralized system of payment which has led to many contractors remaining unpaid for projects already executed , should be replaced with the old system which allows the various MDAs , pay contractors they gave job to ” , he said .
He further emphasised the need to restore strict adherence to the annual budget cycle, insisting that budgets must be time-bound and measurable.
“If, by December, we cannot assess ourselves realistically, then the system is failing. We must return to a disciplined budget cycle where one fiscal year ends before another begins”, he said .
In their separate remarks , all the members of the committee toed the line of the Chairman by admonishing the economic team to sit up for better budget planning and implementation as well as prompt payments of contractors .
In their responses, the economic team , assured the committee and by extension, Nigerians that the outlook for 2026 is very positive for the N58.472trillion proposed budget in terms of implementation .
He explained to the committee that N152trillion budget profile the country current has , was not accumulated by borrowings alone .
He said : “Currently, government debt in Naira terms, is 152 trillion Naira. About 30 trillion Naira came from Ways and Means inherited by this government and N9trillion incurred from exchange rate adjustment.
“So virtually half of that debt is made up of adjustments. It is not additional borrowing.
Additional borrowing since 2023 is in the 20 trillion range.
“Going forward is what matters most. Prioritization will start with the MDAs, bringing forward growth-enhancing projects. Then the Economic Management Team will review those projects, and finally, Mr. President will decide financing based on priorities, particularly for capital projects.”
Business & Economy
Niger Delta group commends FG on Immigration Law compliance
By David Owei,Bayelsa
A Niger Delta Think Tank, the Movement of Intellectuals for National Development (MIND), has commended the Federal Government over its directive on strict compliance with the Nigerian Immigration Law.
MIND, in a letter to the Minister of Interior, signed by its Western Coordinator, Ebi Warekromo, stated that the Ministry’s firm statement condemning the abuse of Nigeria’s immigration framework by certain expatriate workers and their employers operating within the country was a welcome development.
According to him, the Ministry’s ‘’clear and decisive position sends a strong signal that the Federal Government remains committed to upholding the rule of law, protecting the integrity of Nigeria’s immigration system, and safeguarding employment opportunities that should rightfully be available to qualified Nigerians.’’
Warekromo, while recalling a recent petition by the group that was submitted to the National Assembly, vowed that it would continue to work with all relevant agencies of the government to expose abuse of Nigeria’s Immigration Law.
The statement read in part: ‘’Our organization had recently submitted a petition to the Senate President of the Federal Republic of Nigeria, highlighting disturbing patterns of non-compliance with immigration and expatriate quota regulations by some multinational corporations operating in Nigeria. The petition specifically drew attention to issues relating to the operations of TotalEnergies Nigeria, including allegations of expatriate personnel occupying positions that are ordinarily meant for Nigerians, the misuse of expatriate quota approvals, and practices that undermine the objectives of Nigeria’s labour and local content policies.
It is therefore highly reassuring to note the Ministry’s strong condemnation of such practices and its commitment to ensuring strict compliance with Nigeria’s immigration laws. We believe this position is both timely and necessary to protect national interests, strengthen institutional accountability, and ensure that expatriate participation in Nigeria’s economy genuinely contributes to skills transfer and national development.
In light of this, the Movement of Intellectuals for National Development expresses its readiness to work constructively with the Ministry of Interior and its relevant agencies in identifying and addressing cases of immigration law violations. We believe that collaboration between regulatory institutions and responsible civil society organizations will significantly enhance efforts aimed at curbing these detrimental practices.
Business & Economy
*HallowMace Foundation and Partners Unveil Final Three Nominees Per Geo-Political Zone for 2026 National Legislative Award, Announces Final Voting Stage*
ABUJA, April 16, 2026, The HallowMace Foundation and Partners have officially released the final list of the last three outstanding nominees per Nigeria’s six geo-political zones for the upcoming National Legislative Award, scheduled to take place in July 2026.
After a rigorous selection process incorporating input from Nigerian citizens and the National Assembly Press Corps, the Foundation and Partners finalized the roster of distinguished Senators and House of Representatives members who have demonstrated exceptional legislative performance.
The nominees are grouped by geo-political zone as follows:
*SOUTH EAST*
*Senate*
Sen. Enyinnaya Abariba
Sen. Victor Umeh
Sen. Osita Izunaso
*House of Reps*
Hon. Benjamin Kalu
Hon. Dominic Okafor
Hon. Chike Okafor
*SOUTH SOUTH*
*Senate*
Sen. Seriake Dickson
Sen. Adams Oshiomole
Sen. Asuquo Ekpenyong
*House of Reps*
Hon. Frederick Agbedi
Hon. Francis Waive
Hon. Inombek Awaji-Abiante
*SOUTH WEST*
*Senate*
Sen. Opeyemi Bamidele
Sen. Solomon Olamilekan
Sen. Abdulfattah Buhari
*House of Reps*
Hon. Akin Rotimi
Hon. Babajimi Benson
Hon. Oluwole Oke
*NORTH CENTRAL*
*Senate*
Sen. Sani Musa
Sen. Natasha Akpoti-Uduanghan
Sen. Aliyu Wadada
*House of Reps*
Hon. Terseer Ugbor
Hon. Saidu Musa Abdullahi
Hon. Jonathan G. Gaza
*NORTH EAST*
*Senate*
Sen. Abdul Ninji
Sen. Muhammed Monguno
Sen. Muhammed Danjuma Goje
*House of Reps*
Hon. Laori K. Bitrus
Hon. Ahmadu Usman Jaha
Hon. Bello Usman Kumo
*NORTH WEST*
*Senate*
Sen. Hussaini Babangida Uba
Sen. Sunday Katung
Sen. Aminu Waziri Tambuwal
*House of Reps*
Hon. Hassan Fulata
Hon. Abdussamad Dasuki
Hon. Sada Soli
According to the Organisers, these nominees represent the *“last three”* standing per zone following extensive voting by Nigerian public and legislative correspondents. They have been recognized for their outstanding contributions to lawmaking, oversight, and constituency representation.
*Voting For The Next Stage Now Open*
The HallowMace Foundation and Partners hereby announce that voting for the final selection stage has commenced effective today, April 16, 2026. In this crucial phase, members of the public are invited to vote to select one Senator and one House of Representatives member per geo-political zone from the list of final nominees.
Email: thenationallegislativeawards@gmail.com
This stage of voting shall close on the last day of April 2026 (April 30, 2026) . Winners will be determined by a combination of public votes and final validation by the National Assembly Press Corps.
The National Legislative Award ceremony is set to hold in July 2026, where the final winners will be unveiled and celebrated for their dedication to the Nigerian project.
*About HallowMace Foundation*
The HallowMace Foundation is a non-partisan organization committed to promoting legislative excellence and accountability across Nigeria.
*Signed:*
Amb. Oguh Hyginus John
*Head, Public Communications Desk*
The National Legislative Awards Planning Committee
Business & Economy
PPP Business Model Responsible for Success of NLNG -Fubara *Pledges Continued support for Corporate Organizations operating in Rivers State
By George Mgbeleke
Governor of Rivers State, His Excellency, Sir Siminalayi Fubara has attributed the success of the Nigeria Liquified Natural Gas ( NLNG) Limited to the Public Private Partnership ( PPP) business model adopted by the Federal Government and the multinational oil companies from the inception of the organisation.
Governor Fubara stated this while receiving the new Managing Director and Chief Executive Officer of the NLNG, Mr Adeleye Falade who paid him a courtesy visit at Government House, Port Harcourt.
The NLNG is jointly owned by Nigerian National Petroleum Corporation (NNPC) with 49%, Shell Gas B.V. with 25.6%, Total LNG Nigeria Ltd with 15%, and Eni International with 10.4%.This partnership model allows for shared risks, costs, and expertise in the LNG sector.

L to R: Miss Homa Nmegbu, Govt. Relations Advisor; Abdul Saleh, Technical Adviser to Exexutive Management; Dr Yemi Adeyemi, Manager Community Relations; Abdul Umar, Manager, Government Relations; Engr Adeleye Falade, MD/CEO, Governor of Rivers State, His Excellency, Siminalayi Fubara; Dr Sophia Horsfall, GM, External Relations & Sustainable Development; Mike Igoni, Head, Govt Relations; Ifeanyi Umeh, Head Community Engagement & Liaison, Kate Allison, Senior Govt Relations Advisor and Emma Nwatu, Senior Media Advisor, in a group photograph during the courtesy visit on Wednesday.
In a statement by his Chief Press Secretary,Onwuka Nzeshi, governor Fubara observed that the NLNG has not only survived the difficult business environment but has made sustained progress in the nearly three decades of its existence. According to him, the decision of the Federal Government to allow the multinational oil companies who have the needed expertise to run the establishment while government plays a supervisory role over it, has largely been responsible for its success.
” I’m very proud to say that if there is one establishment that has shown resilience, that has survived in the face of all the political issues prevalent in this country, it is the NLNG. And what is the reason? The reason is very simple. Government has no business in business. That is the truth. Leave the business for those people who can operate it. Let the government play its supervisory role to ensure that there is compliance with the laws; ensure that standards are maintained and also ensure that the right people with the needed expertise are at the helm of affairs. That’s all. I think that is the reason why we still record a lot of successes in NLNG,” he said.
Governor Fubara pledged the continued support of his administration for the NLNG, stressing that the success of the organisation is equally the success of the government of Rivers State and the success of the Federal Government of Nigeria. He gave assurance that his administration will continue to contribute it’s own quota in support of the NLNG.
“Our duty is to make sure that we support whoever is operating in our state. We are the ones here. If we don’t support you and you don’t succeed, we also will not succeed and Mr President will also not succeed.
“So the success of your establishment is the success of our state, and overall success of Nigeria. So you can count on our support. Wherever you think we need to come in to support you, please do not hesitate to call upon us.
“You just mentioned here that your predecessor left a handover note showcasing the level of support that he got from the state. It is not going to be different in your own case. I can assure you that. I will also ensure that other units of the government will liaise with you when necessary. So even if you can’t get to me, you can always get to them and if there is anything we can do to help your establishment succeed, we will do it for you,” he said.
In his opening remark, the new CEO of the NLNG, Mr Adeleye Falade who led other top officials of the company on the visit, expressed appreciation for the audience granted them and appealed to the Government of Rivers State to continue to support the organisation.
” We appreciate the opportunity to meet with you and deepen this important relationship.We deeply value the support the Rivers State Government continues to extend in fostering an enabling operating environment for businesses. NLNG remains deliberate in its contribution to Nigeria’s development, and Rivers State, our primary host, continues to be central to that commitment,” he said.
The company, Falade said, has continued to work with its host communities to strengthen their capacity to identify, prioritise, and deliver sustainable development initiatives that create lasting impact. According to him
communities including Amadi-ama, Abua, Ekpeye, Okrika, Kalabari, and Emohua have continued to benefit from this model. He said that beyond community infrastructure, the NLNG have sustained investments in economic empowerment through initiatives such as Vocational Innovation and Business Empowerment Scheme (VIBES) and Micro Small and Medium Enterprise (MSME) schemes. These, he said, were designed to support small businesses, build capacity, and stimulate local enterprise across the state.
Among officials of the company who accompanied the Managing Director where General Manager, External Relations and Sustainable Development, Dr Sophia Horsfall; Manager, Government Relations, Mr Abdul Umar; Manager, Community Relations; Dr Yemi Adeyemi; Head of Government Relations, Mr Mike Igoni; Head of Community Liaison and Engagement, Chief Ifeanyi Umeh. Others are Technical Assistant to Executive Leadership, Mr Hassan Saleh; Senior Media and Publicity Advisor, Mr Emma Nwatu; Government Relations Advisor, Miss Homa Nmegbu, Senior Government Relations Advisor, Mrs Kate Allison and Audio -Visual Advisor, Mr Dawood Ahmed.
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