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NPA Assures of Over N1.27trn Revenue in 2025

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By Ubong Ukpong, Abuja

The Nigerian Ports Authority (NPA) on Monday assured that it would take into the coffers massive revenue of over N1.27 trillion in 2025, representing a 40 percent increase from the N894.86 billion it realized in 2024.This ambitious target, the Authority said, was anchored on sweeping modernization efforts, the full activation of the Dangote Refinery’s marine operations, and the deployment of cutting-edge technology to enhance port efficiency.

Managing Director of the NPA, Abubakar Dantsoho, disclosed this in a presentation during his agency’s budget defence session wih the House of Representatives Committee on Ports and Harbours, where he defended the agency’s 2025 budget estimates and provided insights into its 2024 performance.
“Our 2025 budget proposal is more than figures, it reflects our aspirations for a more efficient, globally competitive port system,” Dantsoho told lawmakers, adding that over 70% of the proposed expenditure will go into capital projects.For 2024, the Authority surpassed its revenue target of N865.39 billion, posting an actual realization of N894.86 billion.However, Dantsoho revealed that only N417.86 billion, less than half of the approved N850.92 billion expenditure, had been spent as of the time of reporting.Despite this, NPA made a record contribution of N400.8 billion to the Consolidated Revenue Fund (CRF) in 2024, nearly double the N213.23 billion remitted in 2023. Of this amount, a staggering N344.7 billion was deducted at source.“This shows our unwavering commitment to national revenue generation, even when our own operational liquidity is affected,” the NPA boss stressed.Dantsoho said the projected revenue increase is premised on several key assumptions and developments, including: The full operation of the Dangote Refinery, which alone is expected to draw in over 600 vessels annually through its Single Point Mooring (SPM) system; the commissioning of upgraded terminals at WACT and OMT, which will enhance container traffic; the implementation of automation tools such as the National Single Window, Port Community System (PCS), and Vessel Traffic Management System (VTMS); and increased cargo volumes stemming from global disruptions, including the Russia-Ukraine conflict, which has affected global trade routes.He said the 2025 revenue is expected to come from the following key sources: Ship Dues, N544.06 billion; Cargo Dues, N413.06 billion; Concession Fees, N249.69 billion; and Administrative Revenue, N73.07 billionOf the proposed N1.14 trillion total expenditure for 2025, N778.46 billion is earmarked for capital projects.This investment, he said, will target the revitalization of critical infrastructure, including the Calabar, Warri, and Burutu ports and channels, and enhance towage services, channel depth, and compliance with international security conventions.“Investments in infrastructure and technology are non-negotiable if we are to stay competitive regionally and globally,” Dantsoho emphasized.He cited increasing competition from neighboring ports and aging assets across Nigeria’s coastal corridors.The NPA also intends to address technology gaps by upgrading legacy systems and bolstering cybersecurity, ensuring Nigerian ports meet global standards for digital operations.”We can say that with timely access to internally generated revenue and capital funds NPA would deliver the kind of impact Nigeria expects,” he said.Chairman of the Committee, Hon. Nnolim Nnaji, urged the NPA to ramp up performance, improve port infrastructure, and play a greater role in addressing Nigeria’s revenue and unemployment challenges.Nnaji said the ports remain a critical pillar of Nigeria’s economy, and urged the agency to meet rising expectations despite operational challenges.“No country can thrive economically without high-performing ports. They are the economic heartbeat of every nation, determining how buoyant a country is through the flow of imports and exports,” Hon Nnaji said.The committee praised NPA for its performance.Nnaji stressed that the NPA’s performance has implications beyond maritime activity, noting that increased port output can significantly boost job creation across several sectors.“The Nigerian Ports Authority is not just a revenue-generating agency, it is a national asset in terms of employment and economic impact.“We expect to see detailed strategies on how to improve revenue generation and expand employment opportunities through your 2025 budget,” he said.The lawmaker also pointed to growing interest in the development of new ports across the country but cautioned against neglecting existing port infrastructure.“As we welcome investment in new ports, we must not abandon the old ones. Maintaining and upgrading our existing ports, both in the Eastern Corridor and the Western axis, is essential to long-term sustainability,” he added.The Committee called for a clear outline from the NPA on how its 2025 financial plan will address pressing national concerns and reaffirm Nigeria’s competitiveness in regional and global maritime trade.

NEWS

Unique Secondary School Expands Outreach, Honors Ogbodo, Launches Scholarships

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By David Torough, Abuja

Unique Secondary School Makurdi (USSM), a leading private educational institution in Benue State, continues to make significant strides in academic excellence and community impact.

In a bold move to increase accessibility and reward excellence, the school has unveiled a new examination centre in Oju Local Government Area, launched a scholarship scheme for families with multiple children in the school, and honoured a distinguished alumnus, Dr.

Mark Ogbodo, by naming a recreational facility after him.

The newly inaugurated Dr. Mark Ogbodo Park was officially commissioned on July 24, during a colourful ceremony held at the school’s New GRA campus in Makurdi.

The event drew an impressive turnout of students, staff, parents, alumni, and dignitaries.

Chairman of Unique Schools and co-founder of USSM, Engr. Felix Atume led the commissioning, describing it as a tribute to dedication and impact.

Dr. Ogbodo, an author and founder of Lydia Memorial Hospital, Ugbokolo, was visibly moved by the honour.

In a social media post after the event, he wrote: “Who am I to deserve this great honour? What impact have I made on USSM? These thoughts flooded my mind as I stood speechless in awe.”

He praised the school leadership, particularly Principal Mr. Samuel Ortsega, and the Parent-Teacher Association (PTA) for the recognition.

Also unveiled at the event was a scholarship programme aimed at easing the financial burden on families with more than one child enrolled at USSM.

The initiative was met with excitement and gratitude from parents in attendance. Furthermore, the newly established Oju exam centre was widely applauded for eliminating the long travel often required for external examinations, especially for students living in remote areas.

Founded on September 1, 1998, by Engr. Atume and Mrs. Juliana Atume, a noted philanthropist, USSM has built a strong reputation for nurturing students through academic rigor and character development.

Originally a day school, it added a boarding facility in 2007 to cater to growing demand. Situated in a serene environment, the school provides a secure and conducive atmosphere for learning.

USSM is part of the larger Unique Schools family, which began with Unique Nursery and Primary School in 1995.

The secondary arm offers a comprehensive curriculum infused with entrepreneurial and vocational training in areas such as catering, fashion, cosmetology, and design—preparing students with practical skills for life beyond the classroom.

The school boasts modern infrastructure, including science laboratories, an ICT centre, a digital library, spacious classrooms, quality boarding facilities, a healthcare unit, and the expansive Engr. Felix Atume Hall. Recreational amenities include courts for basketball, volleyball, tennis, a football pitch, and indoor games like chess and scrabble.

In keeping with global trends, USSM has embraced digital innovations such as an online result-checking system and is planning an enhanced presence on social media.

The school runs a three-term calendar and prepares students for key national examinations including BECE, WAEC, and NECO.

Ambitious plans are underway to launch Unique Technical College, which will focus on technical and vocational education.

As the evening of July 24 transitioned into a celebratory dinner in honour of the 2025 graduating class, guests—including PTA members, parents, alumni, and staff—shared heartfelt goodwill messages. The PTA Chairman described the event as “unparalleled in the school’s history.”

Through initiatives like the Oju centre, new scholarships, and the celebration of alumni impact, Unique Secondary School Makurdi continues to set the benchmark for holistic and community-rooted education in Benue State.

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Foreign News

Zelensky Announces New Draft Law on Anti-corruption Bodies after Protests

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Ukrainian President Volodymyr Zelensky said he has approved the text of a draft law guaranteeing the freedom of two anti-corruption bodies in Ukraine – days after nationwide protests broke out over changes curbing their independence.

Kyiv’s Western partners had also expressed serious concerns over the legislation.

On Thursday, Zelensky seemed to backtrack, saying the new bill was intended to safeguard the independence of Ukraine’s National Anti-Corruption Bureau (Nabu) and Specialised Anti-Corruption Prosecutor’s Office (Sap), and to protect them from Russian influence.

He said the text of the bill was “balanced”, but did not provide any details.

The law passed earlier this week brought Nabu and Sap under the control of the prosecutor general, who is appointed by the president.

At the time Zelensky justified his decision to curtail the bodies’ powers by citing Russian influence. The day before, Ukraine’s security services had carried out searches and arrests targeting alleged Russian spies at the agency.

The passing of the legislation instantly sparked the largest protests since the start of Russia’s full-scale invasion in February 2022 in several cities across Ukraine, with many worrying the law would severely undermine the Nabu and Sap’s authority and effectiveness.

Thousands of people gathered in streets and squares across Ukraine, holding placards calling for the legislation to be vetoed.

Several commentators accused Zelensky of democratic backsliding. Their concerns were further exacerbated when Ukraine’s Western partners signalled their displeasure with the bill.

Ukraine has official EU candidate status and a spokesman for European Commission chief Ursula von der Leyen previously warned Kyiv that the rule of law and the fight against corruption were “core elements” of membership to the bloc.

On Thursday, the Commission said it “welcomed” the Ukrainian government’s decision to take action against the bill.

“We are working [with the Ukrainian government] to make sure that our concerns… are indeed taken into account,” the spokesman said.

Nabu and Sap were created in 2014-15 as one of the requirements set by the European Commission and International Monetary Fund to move towards a relaxation of visa restrictions between Ukraine and the EU.

Writing on Facebook, opposition MP Oleksiy Goncharenko noted Zelensky said that “the independence of anti-corruption institutions must be guaranteed.”

“First we take it away, and then we say that it must be guaranteed. So why was all this necessary?”

In his message on social media on Thursday, Zelensky did not acknowledge the protests or the backlash but said it was “important that we respect the position of all Ukrainians and are grateful to everyone who stands with Ukraine.”

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NEWS

Why I Quit Banking for Music – CDQ

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Nigerian rapper CDQ has revealed that he left a stable banking job to pursue his true passion, music.

In an interview, the hip-hop star shared that becoming a banker was a move to honor his late father’s wishes, but it wasn’t where his heart truly belonged.

“I quit my bank job.

I couldn’t tell my mother or any family member then.
I left the house and went to stay with Masterkraft in the studio,” he said.

CDQ admitted that while at the bank, he often found himself scribbling lyrics during work hours instead of focusing on his official duties.

The internal conflict eventually led him to a bold decision, quitting his job to chase a career in music.

According to him, even his close friend and producer, Masterkraft, was shocked when he learned about the decision. Interestingly, Masterkraft used to lend CDQ suits to wear to the bank.

“I told him banking isn’t my passion. I will probably just do it to make ends meet. But music is something that, whether it gives me a return or not, I’m still happy doing it,” CDQ added.

CDQ’s gamble paid off. He shot to fame in 2016 with his hit single “Indomie” featuring Masterkraft and Olamide.

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