NEWS
Blue Economy: Bayelsa Woos Investors in Sector’s Huge Potential
From Mike Tayese, Yenagoa
Bayelsa State Government has again indicated its determination for effective collaboration with reputable individuals and firms to harness the abundant resources in the Blue Economy sector of the state.The Deputy Governor, Sen. Lawrence Ewhrudjakpo, indicated the state’s readiness at a dinner organized by the state government in honour of participants of the Senior Executive Course(SEC) 47, 2025 of the National Institute For Policy and Strategic Studies (NIPSS) in Yenagoa, at the weekend.
Ewhrudjakpo, described Bayelsa as a state richly endowed with not only oil and gas but also huge marine resources as low hanging fruits waiting for investors to pluck.To this end, he called on private and other corporate investors to look at Bayelsa for new investment opportunities in the blue economy sector, especially in the area of developing a deep sea port.He also reiterated the foresightedness of the present Bayelsa State Government in establishing a ministry of marine and blue economy, and assured prospective investors of the safety of their investments in the state.The Deputy Governor urged the participants of the Senior Executive Course 47 to act as ambassadors of Bayelsa and tell the world about the potentialities of Bayelsa in the blue economy sector.Ewhrudjakpo equally implored the team to make its report available to the state government in good time, stressing that Bayelsa was looking forward to the outcome of their study in the state believing it will help in the development of the sector.His words: “We are happy that you are happy. We are here to round off what we started some few days ago. As we all know, everything that has a beginning must have an end.”We believe that in Bayelsa we have the potential for a vibrant marine and blue economy. That is why the present administration created a separate full-fledged ministry to oversee that critical sector. We are the first state to do so in the country.”Just as oil and gas, the marine and blue economy is also very important to us. And so, we are looking forward to the outcome of your study so we can see what we can achieve with it in the area of blue economy.”We want you to be our ambassadors and tell other people that Bayelsa is investment friendly. Bayelsa is also very safe for investment.”For the participants, I believe that your coming today will add to our thinking capacity and we are open to all the critiques that will come with it.”Earlier in his opening remarks, Secretary to the State Government, Prof. Nimibofa Ayawei, lauded participants of the Senior Executive Course (SEC) 47, 2025 for their choice of Bayelsa and the discipline they all exhibited throughout the period of the study tour.Prof Ayawei, who was represented by the Permanent Secretary, SSG’s Office, Mr Felix Asingbi, expressed optimism that their visit will open up opportunities for the state to make progress in the development of its blue economy potential.Also speaking, the Leader of the NIPSS Study Team, Air Vice Marshal Mohammed Umar, commended the Bayelsa State government for what he described as exceptional hospitality accorded to members of the team.He said going round the state enabled the team to have first-hand knowledge of Bayelsa’s huge potential in the blue economy sector, and urged the government to vigorously pursue the development of the sector.Foreign News
Kenya Suspends Strike after Transport Paralysis over High Fuel Prices
Transport operators in Kenya have suspended their nationwide strike following talks with the government over rising fuel prices.
The operators said the suspension will remain in place until next Tuesday to allow for further negotiations with the government.
The move comes after the nationwide strike, which brought the capital Nairobi and other cities to a standstill, entered a second day on Tuesday.
At least four people were killed and 30 injured in Monday’s protests, with more than 700 arrested nationwide, according to the authorities.
On Tuesday, Interior Minister Kipchumba Murkomen said the deal to end the strike came after consultations with public transport representatives, and negotiations “at a higher level” would be conducted within the next week.
“We have had a breakthrough not because we are satisfied, but because we want to give negotiations a chance,” said Edwin Mukabane, the national chairman of the Federation of Public Transport Sector.
“If this is not taken seriously within the seven days, the strike will be back on,” he added
Major roads in Nairobi were still largely empty on Tuesday morning with businesses shut and schools closed.
Like the previous day, many Kenyans were forced to walk to their destinations, although a small number of public transport vehicles reportedly resumed services on some routes.
Police were patrolling parts of the city to maintain security amid reports of protesters blocking some routes.
Police urged demonstrators to remain peaceful, and not to loot and destroy properties.
The Directorate of Criminal Investigations said investigations into Monday’s demonstrations were ongoing, with many of the suspects already arraigned in court.
Kenyan rights group Vocal Africa denounced “the use of lethal force by law enforcement”.
The state-funded Kenya National Commission on Human Rights (KNCHR) called for immediate investigations into the violence and destruction of property, and urged the police to exercise restraint.
In the coastal city of Mombasa, a sense of normality was reported to have returned, with public transport services resuming.
On Monday, groups representing the transport sector held a meeting with the government.
Energy Minister Opiyo Wandayi announced they had agreed to reduce the price of diesel, which had risen to a high of 242 shillings ($1.8; £1.4).
The energy regulator subsequently reduced its cost by 10 shillings while retaining the cost of petrol at 214 shillings.
The reduction, however, fell short of protesters’ demands and the transport sector representatives insisted the strike would continue.
At the end of a subsequent meeting on Tuesday morning, Wandayi said the government would continue to be “sensitive to the plight of petrol consumers” and thanked the transport operators for agreeing to suspend the strike.
The operators are calling for a fuel price cut of up to 46 shillings, to levels last seen before the US-Israel war with Iran that began on 28 February.
Like many other African nations, Kenya relies on fuel from the Gulf, which has been disrupted by the conflict.
Although a ceasefire has been declared, prices remain high as the Strait of Hormuz, where a fifth of the global oil supply passes through, remains blocked.
Last month, the government cut VAT on fuel from 16% to 8% until July but there have been calls for it to do more.
NEWS
Centenary City: Nigeria’s Bold Leap into a Smarter Future
By David Torough, Abuja
Across history, there are projects that transcend skylines to redefine national destiny. Nigeria’s Centenary City is one of them — ambitious, transformative, and symbolic.
Conceived in 2014 to mark 100 years of nationhood, it was imagined as a futuristic, eco-friendly, cosmopolitan hub to rival Dubai, Monaco, and Singapore.
For a decade, the promise lingered, bright but unrealized, like a symphony awaiting its conductor.Now, driven by renewed federal backing and the decisive push of Honourable Minister of the Federal Capital Territory (FCT), Mr. Nyesom Wike, the orchestra has begun again.
Bulldozers now stride across virgin land southwest of Abuja.
Julius Berger Nigeria Plc is delivering critical infrastructure while Dar Al-Handasah Consultants (DAR) refine the city’s engineering masterplan. Once stalled, Centenary City is now airborne, with vast potential: over 300,000 jobs, billions in foreign direct investment, and a bold rebranding of Abuja — and Nigeria — as a global showcase of urban excellence.Birth of a grand vision
The project was launched under President Goodluck Jonathan in 2014, intended as both a centenary landmark and a springboard for the future. Beyond commemoration, it carried economic and cultural ambition: a smart city that would embody Nigeria’s progress and modernity.
Inspired by global models like Dubai, Songdo in South Korea, and Shenzhen in China, it was designed as a 1,260-hectare mixed-use metropolis near Nnamdi Azikiwe International Airport. The blueprint envisioned a central business district, international commerce centre, luxury residences, iconic landmarks, and thriving cultural districts.
But like many grand African ideas, it was derailed by controversies, bureaucracy, and fading investor patience. For years it lay dormant — yet the dream endured.
Wike’s role: Unblocking the gridlock
Enter Nyesom Wike, FCT Minister, whose political will reignited momentum. Known for decisive governance, he stepped in as mediator, reconciler, and enforcer, ending disputes between Centenary City Plc (CCPLC), the Federal Capital Development Authority (FCDA), and the FCT Administration.
In classic statesman style, he forced rivals to prioritize national vision above factional disputes. That single act restored credibility.
Today, Julius Berger is executing Phase 1 Primary Infrastructure at a cost of ₦750 billion, while DAR returns to safeguard the project’s fidelity. What was once viewed with skepticism now advances with contracts signed, earthworks underway, and investor confidence renewed.
Blueprint of a modern metropolis
Centenary City is more than real estate; it is a complete ecosystem — Nigeria’s first true smart city, built to harmonize nature, technology, and lifestyle.
Highlights of its masterplan include:
Commercial and Cultural Icons: The International Commerce Centre, a global-standard Convention Center, and the Mall of Africa to anchor business and retail.
Luxury and Leisure: Five-star hotels, golf and polo estates, serviced apartments, and safari parks for elite and aspirational residents.
Tourism and Arts: An African Arts Museum, entertainment districts, and a Nigerian Park blending heritage with modern attractions.
Health and Education: Hospitals, schools, and research centres for future-ready human capital.
Industrial Strength: As a Free Trade Zone (FTZ), the city will host industrial hubs for manufacturing, exports, and investments.
Its design balances futuristic skylines with green suburbs — showing that Nigeria too can deliver sustainable, livable, world-class spaces.
Economic promise: A growth engine
No project in recent memory rivals its economic potential. The numbers are striking: 300,000 direct jobs — with indirect jobs multiplying across supply chains and services.
Over $18 billion in FDI — once touted as Nigeria’s single largest foreign investment opportunity.
N2.4 trillion value — a massive stimulus to Nigeria’s economy.
Tourism and real estate boom — diversifying the economy away from oil.
Global branding — positioning Abuja alongside world capitals like Dubai and Johannesburg.
This is not just construction but economic diplomacy, signaling Nigeria’s intent to compete globally.
Abuja redefined
Since inception, Abuja has been seen largely as administrative. Centenary City changes that — reimagining the capital as a cosmopolitan hub. It gives Abuja the global signature it lacked, comparable to Sandton in Johannesburg, Konza in Nairobi, and Kigali’s rising conference hub.
Shadows of the past, lessons for the future
The project’s history is littered with disputes over land, politics, and compensation. But the tide has turned. Resettlement schemes are ongoing, compensation has been paid, and biometric captures ensure accountability.
Centenary City Plc has adopted a socially responsible approach — proving no city of the future can rise on the foundations of injustice.
A national resolve
If completed, Centenary City will stand not only as an architectural marvel but as proof of Nigeria’s resilience — its ability to dream boldly, stumble, and rise again. It will demonstrate that world-class projects can be delivered with private capital, visionary leadership, and public benefit.
All stakeholders — government, investors, civil society, and citizens — must sustain momentum and bury past controversies.
The skyline of tomorrow
As night falls on Abuja and lights flicker across the city, one can already imagine the horizon: gleaming towers, bustling avenues, green golf estates, and vibrant cultural spaces. That is the promise of Centenary City — a dream no longer deferred but rising steadily into view.
NEWS
NRS Targets N40trn Revenue in 2026
By Tony Obiechina, Abuja
The Nigeria Revenue Service (NRS) said it is targeting N40 trillion in tax revenue for the country in 2026.
The Executive Chairman of NRS, Dr. Zacch Adedeji, disclosed this during a national workshop on strengthening tax compliance under the new tax regime and collaborating with sub-nationals for enhanced revenue collection in Abuja on Tuesday.
Adedeji, who was represented by Mohammed Lawal, called for stronger collaboration among all tiers of government to improve tax compliance and revenue collection nationwide.
He said achieving the target requires intensive capacity building, improved transparency, and robust partnerships across federal, state, and local government institutions to address compliance bottlenecks.
Adedeji expressed concern over compliance imbalances among states and government-owned enterprises, describing the trend as harmful to institutional fairness.
To drive motivation, the NRS boss announced plans to reward the most tax-compliant states starting from the end of 2026.
Adedeji expressed confidence that the workshop would deliver a practical roadmap for transparency, administrative excellence, and high performance nationwide.
He noted that the revenue generated by the NRS sustains the Federation Account Allocation Committee (FAAC) and funds critical national development projects.
Nigerian crude rises toward $120 amid US-Iran tensions
Adedeji emphasised that the ultimate goal of the NRS is to promote voluntary compliance instead of relying solely on enforcement measures.
The NRS boss commended President Bola Tinubu for introducing reforms that promote fairness, inclusiveness, and sustainability in Nigeria’s tax system.
He also praised the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, “for his unwavering support towards ongoing fiscal and tax reforms.”
The minister then affirmed that tax reforms remain central to Nigeria’s economic recovery and fiscal sustainability.
Oyedele, who was represented by his Chief of Staff, Tolu Adegbie, noted that the country is currently balancing major reforms, including the naira flotation, fuel subsidy removal and inflation control, alongside growing socio-economic challenges.
He said the new tax regime is part of broader structural reforms targeting stable, predictable, and equitable revenue generation to fund roads, healthcare, education, and national security.
The minister assured that the reforms would expand the tax net without increasing the tax burden on citizens.


