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N1.5 trn Recovery from Oil Companies, another Proof of Buhari’s Doggedness-BMO

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 The N1.5 trillion recently recovered from oil and gas companies operating in Nigeria is part of the mess left by the Peoples Democratic Party (PDP) which President Muhammadu Buhari has been clearing in all sectors of the economy.

Making this assertion, the Buhari Media Organisation (BMO) said in a statement signed by its Chairman Niyi Akinsiju and Secretary Cassidy Madueke, that the amount was part of tax and fees identified by the Nigeria Extractive Industries Transparency Initiatives (NEITI) in a 2019 report on a N2.

6trillion debt owed by 77 companies.

“The revelation by the NEITI Executive Secretary, Dr Ogbonnaya Orji is yet another demonstration of political will by the Buhari administration to correct past ills in the extractive industries in general and the oil sector in particular.

“While negligence on the part of government officials could not be overlooked, we are convinced that corruption and collusion with officials of the then ruling PDP must have emboldened the defaulting firms.

“For the avoidance of doubt, NEITI is an agency in the Presidency created in 2007 in line with global best practices, but on President Buhari’s watch, it became a proper watchdog in conformity with the EITI mission of promoting open and transparent management of oil, gas and mineral resources.

“The recoveries, according to NEITI, include all taxes and VAT being collected by the Federal Inland Revenue Service (FIRS) and all royalties being collected by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC).

“It was gratifying that while FIRS had earlier recovered 810million dollars, NURPC got 1.416billion dollars amounting to 2.226billion dollars (N900billion). NEITI explained that by working with a National Assembly review committee, it was able to push the debtors to pay more which then translated to FIRS getting an additional 662.9million dollars while the NUPRC got 913.5million dollars totalling 1.576billion dollars(N600billion).

“So now that N1.5trillion has been recovered, the agency said what remains from outstanding taxes and fees from the oil companies is N1.07trillion and promised to provide further updates in the 2021 report to be released this year, ” the group added.

BMO said that it was not the first time NEITI, and by extension, the Buhari administration was living up to expectations in the sector in the last seven years.

 “Can anyone forget the role the agency played in the period leading to the passage of the Deep Offshore and Inland Basin Production Sharing Contracts (Amendment) Bill 2019, otherwise known as the ‘PSC Amendment Bill’, which reversed decades of cheating that the country had been subjected to.

“To underline its importance, the Presidency issued a statement on the day the bill was signed into law which read in part: ‘For the first time under our amended law, 200 million Nigerians will start to receive a fair return on the surfeit of resources of our lands. Increased income will allow for new hospitals, schools, infrastructure and jobs. Today marks a new and beneficial relationship with our oil company partners: one that benefits all

“And then there’s the Petroleum Industry Act (PIA), which PDP had for close to 20 years shown little or no interest in pushing through, but is now a reality under Buhari’s watch”.

The group added that the Buhari administration will ensure that never again will the country be denied what is due it from the extractive industries.(NAN)

POLITICS

Zamfara North Communities Condemn Gov. Lawal’s Leadership as Total Failure

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By David Torough, Abuja

A coalition representing four local government areas in Zamfara North Senatorial District has launched a scathing attack on Governor Dauda Lawal, branding his administration a “monumental failure” after two years in office.

In a statement on Wednesday, the coalition—made up of Kauran Namoda, Birnin Magaji, Shinkafi, and Zurmi communities—accused Governor Lawal of abandoning his campaign promises and worsening the region’s insecurity, poverty, and infrastructure decay.

Speaking on behalf of the coalition, Chairman Yakubu Ibrahim Shinkafi lamented the dire conditions residents now face.

“People can no longer sleep with both eyes closed.

They cannot go to their farms. They wake up and sleep in hunger,” Shinkafi said.

“Yet, during the 2023 campaign, he promised to end insecurity and hunger within two weeks.”

The coalition highlighted the unrelenting wave of banditry, kidnappings, and extortion plaguing their communities.

Shinkafi claimed thousands have lost their lives, while others have been forced to pay millions in ransoms, even as the state government celebrates its second year in office.

“What is he celebrating? He is celebrating failure,” Shinkafi remarked bitterly.

“The situation has deteriorated. Bandits now operate with confidence while the government remains silent.”

Governor Lawal, who came into office in 2023 on promises of swift action to tackle insecurity, had assured voters that peace would return within two weeks of his inauguration. But two years on, residents say the crisis has only deepened.

“Not only has peace remained elusive, but insecurity has now become a permanent nightmare,” the coalition’s statement read.

The group commended the Nigerian Army and other security forces for their sacrifices but argued that the state government has failed to provide necessary support and leadership.

“There is no adequate intelligence cooperation, no visible engagement with communities, and no strategic direction from the governor,” the statement added.

“He has abandoned his duties and disconnected from the people’s plight.”

Beyond security concerns, the coalition criticised the collapse of essential services, pointing to deteriorating healthcare, education, and infrastructure.

“The hopes people had when Governor Lawal took office have turned into despair,” Shinkafi said.

“Our communities are calling for a serious reassessment of priorities. We demand leadership and an end to the deception.”

“Zamfara State deserves better,” the statement said .

“We will not allow our lives to be destroyed under the weight of a failed administration.”

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Tinubu’s 2 year: APC Lauds Nigerians for Understanding

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The All Progressives Congress (APC), has commended Nigerians for their understanding and support to President Bola Tinubu-led administration in the last two years.

Mr Felix Morka, the party’s National Publicity Secretary made the commendation on behalf of the party, while speaking with newsmen in Abuja on the midterm anniversary of the Tinubu-led administration.

He said that the country was on a progressive path under Tinubu, adding that more support and understanding were needed from the citizens.

“We applaud Nigerians for their invaluable understanding and support so far and we crave their continued support to Mr President for the second half of the tenure and beyond.

“The support will enable the administration unpack the fullness of the Renewed Hope Agenda for the overall good of Nigerians,”Morka said.

He noted that in the face of daunting generational challenges, Tinubu’s administration had demonstrated political will never before recorded in our contemporary political history.

Morka said that like a confident surgeon, Tinubu had enacted and continued to enact policy reforms skillfully designed to give the country, not just a chance for urgent resuscitation, but a real shot at rejuvenating its wellness.

He said that the APC leadership remained conscious of the challenges Nigerians were going through because of the inevitable policy reforms the Tinubu-led administration had to take in the interest of all.

He added that in all, the best interest and well-being of the current and future generations remained at the core of Tinubu’s thinking and actions.

Morka noted that some of the reforms of the administration include; the removal of fuel subsidy and harmonising multiple exchange rates among others.

These he said were inevitable and crucial steps to stabilising and positioning the economy for steady and sustainable growth.

“At midterm, the pall of gloom over our nation has been lifted and replaced by a dawn of rebounding optimism and progress.

“Signs and indications have never been clearer in our recent history, of a resurgent economy heralding strong prospects of a vibrant and prosperous future for our country, “Morka said.

He said that the Tinubu-led administration’s relentless war against oil theft had helped boost oil production, adding that our production now standing upwards of 1.8mbpd.

The APC spokesman said this surpassed the Organisation of Petroluem Exporting Countries (OPEC’s) quota, for the first time in recent history.

According to him, the massive reforms and investments in oil and gas sectors totaling over 8 billion dollars, had improved the ease-of-doing-business in the country.

He said that the development had revitalised stock market for enhanced profitability and attracted Foreign Direct investments (FDIs) in excess of 50 billion dollars.

Morka added that under the administration, the country had posted trade surpluses all for consecutive quarters since 2023.

“The historic Gross Domestic Product (GDP), growth of 3.38 per cent in Q4 of 2024 has been lauded by both the International Monetary Fund (IMF) and the African Development Bank (AfDB) as incontrovertible index of a rebounding economy.

“In its determination to enhance peace and security, the administration has left no stone unturned in its renewed fight against terrorism and banditry.

“Thankfully, the massive supports for military welfare and funding of the Armed Forces have resulted in the neutralising of more than 13,500 terrorists and arrests of nearly 18,000.

“With many internally-displaced persons (IDP’s) camps being shut down and displaced persons returning to their homelands, farmers are now accessing their farms with attendant crash in food prices,” Morka stated.

He said the administration had done remarkably well in the education and health sectors as well as improving basic infrastructure across the country.

“In the critical health sector, the administration has equally left indelible footprints by approving 21 strategic policies with direct bearing on the health of Nigerians.

“It has disbursed more than N80 billion to revatilise more than 8,000 primary healthcare centres (PHCs) across the 36 states and the Federal Capital Territory (FCT).

“Empirically, a lot more have been accomplished in the creative industry, solid minerals, power, energy, oil and gas sectors among others,’’ he said.

Morka advised Nigerians to continue to support the administration, saying that Tinubu is determined to serve Nigerians better in the concluding half of his four-year tenure,” he said.(NAN)

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POLITICS

Edo poll: We Won’t Allow Injustice to go Unchallenged, Ighodalo Says

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Mr Asue Ighodalo, the Peoples Democratic Party (PDP)’s candidate in the Sept. 21, 2024 governorship election in Edo, has said that he would not allow injustice to go unchallenged.Ighodalo stated this in a statement on Thursday in reaction to the Court of Appeal’s judgment which affirmed the electoral victory of Gov.

Monday Okpebholo of the All Progressives Congress (APC).
“My good people of Edo State, today, the Court of Appeal delivered its judgment on our petition challenging the declared outcome of the September 21st, 2024 governorship election in Edo State.
“As with the judgment of the tribunal, we have received this decision with deep disappointment, but also with unwavering resolve to continue our pursuit of justice.
“As democrats and patriots, we remain anchored in our belief in the rule of law.“But we cannot, and will not, allow injustice to go unchallenged,” he said.According to him, I have therefore instructed my legal team to approach the Supreme Court of Nigeria to seek redress.“We do so for every voter who queued patiently with hope in their hearts, for every young person who dreams of a better Edo State, and for every Nigerian who still believes that democracy must be well practised to yield a great country.“The Supreme Court now bears a profound responsibility, not only to interpret the law and apply same to available facts, but to defend the democratic principles that give the law its meaning.“We approach the apex court with full confidence in its integrity, its independence, and its role as the final guardian of justice in our republic.“We believe their Lordships will consider not just the letter of the law, but the greater implications for democracy, justice, and public trust.“The eyes of Edo people, and indeed all Nigerians, now look up to the Supreme Court with hope,” he said.He said though he acknowledged the court’s pronouncement, he believed that the judgment, like that of the tribunal before it, “failed to address the grave concerns we raised regarding widespread acts of non-compliance with, and clear violations of the Electoral Act.”According to him, our struggle has never been about personal ambition.“It has always been about standing with the people of Edo State and defending their sacred right to freely choose their leaders through a credible, transparent and fair election.“That right was brazenly subverted on September 21st, 2024.“The decisions of both the Tribunal and the Court of Appeal, though rendered in the name of the law, in effect ignore the will of the people and reward blatant electoral irregularities,” he added.Ighodalo, however, urged all his supporters to remain peaceful, vigilant and steadfast.“This is not the end. It is simply the next chapter in our collective struggle for truth, justice, and a bright future for our dear Edo State.“We remain resolute. We remain committed. We remain undaunted.“And we shall not rest until the voices of our people are heard and their stolen mandate restored,” he concluded.(NAN

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