Connect with us

Development

Nigerian Govt Seeks To Commercialise River Basin Development Authorities

Suleiman Adamu, the minister of water resources has said the government is seeking alternative sources of funding to shore-up the revenue base of the nation’s River Basin Development Authorities (RBDAs) and make them self-reliant as part of the ongoing reforms in the agency.

Adamu said the reform of the RBDAs is not privatisation but partial commercialisation to make them economically viable, self-reliant and sustainable.

He disclosed this in Abuja at a three-day business implementation training on the partial commercialisation of four pilot RBDAs.

He assured that the reform would cause no job losses, adding that the federal government was aware of the RBDA’s challenges.

Four RBDAs namely: Ogun-Osun RBDA, Upper-Niger RBDA, Sokoto-Rima Basin RBDA and Niger-Delta RBDA have been selected by the federal ministry of water resources in collaboration with the BPE for phased pilot partial commercialisation.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

11 + eight =

Development

Borno To Train 100 Journalists On Capacity Building

Borno State Governor Babagana Zulum has announced plans to sponsore 100 journalists for capacity building training at the University of Maiduguri.

Zulum disclosed this at the Triennial Delegates Conference of the state council of the Nigeria Union of Journalists (NUJ) on Saturday in Maiduguri.

Represented by his Special Adviser on Communications and Stategy, Malam Isa Gusau, the governor said he requested the University to organise a certificate training programme for the journalists to be funded by the state government.

He urged the council to nominate its members to participate in the programme to enhance their capacities.

While reiterating commitment to run an open door policy, Zulum assured continued support to the journalists to enable them to discharge their duties.

The Commissioner for Information, Alhaji Babakura Abba-Jato, lauded the delegates and contestants for the peaceful conduct of the exercise.

Abba-Jato represented by Baba Shiekh-Lawan, urged the contestants to accept the outcome of the election in the spirit of sportsmanship.

Continue Reading

Development

We Will End Crude Oil Theft Through Deployment Of Technology- F.G

The Federal Government has restated its determination to end crude oil theft through the deployment of technology as well as additional security measures.

Mohammed made the remarks at a press briefing in Abuja on Friday after an aerial surveillance of the Trans-Forcados oil pipeline in Rivers state.

According to a statement by Segun Adeyemi, special assistant to the president on media in the office of the minister, Mohammed said the measures taken so far have started bearing results, as 210 suspects have been arrested, and 365 illegal refining sites destroyed.

“The continued campaign by the government security agencies (GSAs) have led to the arrest of 210 suspects and confiscation of 20.2 million liters of AGO, 461.8 thousand liters of PMS, 843.6 thousand liters of DPK, and 383.5 thousand barrels of crude oil,” he said.

An additional 365 illegal refining sites were destroyed, with about 1,054 refining ovens, 1,210 metal storage tanks, 838 dugout pits, and 346 reservoirs destroyed by the GSAs.

“We witnessed first-hand a number of illegal refineries destroyed by our military in the course of our aerial surveillance.”

Mohammed said many vehicles, crude mining and bunkering equipment, such as speed boats, wooden boats, trucks and tankers, have also been confiscated.

He said private security contractors were also engaged to provide local intelligence on all illegal crude ventures happening within the region, adding that the contractors were also engaged for security surveillance services to ensure safe and seamless operations along the country’s pipeline networks.

“The new security architecture leverages collaboration between the upstream operators, industry regulators, government security agencies (GSA), and private security contractors (PSC),” the minister said.

 

Continue Reading

Development

Nigeria Has A Revenue, Not Debt Problem- Finance Minister

Minister of Finance, Budget, and National Planning, Zainab Ahmed, has said that contrary to widespread insinuations, Nigeria’s problem is that of revenue and not debt.

Ahmed stated this in an address at the Nigeria International Economic Partnership Forum in New York, while responding to earlier remarks by the president of the African Development Bank (AfDB), Akinwumi Adesina, who said Nigeria needs help in tackling its debt burden.

Ahmed disagreed, arguing that Nigeria has set a debt-to-GDP ceiling at 40 per cent, which the country is yet to exceed and added that Nigeria’s revenue generation is low right now.

“We do have a revenue problem and this revenue problem, we’re tackling using the instrument of the strategic revenue initiative, the revenue challenges we have we have been addressing in a systematic manner,” she added.

Ahmed further stated that the country has a very significant impact in revenue performance based on the issues in the oil sector, which is being addressed by the security agencies.

“There are some ineffective tax incentives that are currently in process of being review, so some that have reached maturity will not be renewed, there might be some new ones that are being introduced, but we’re trying to make sure that we’re getting value for the investments that we have provided.”

She said the Strategic Revenue Growth Initiatives (SRGI) is designed around three thematic areas: achieve sustainability, identify new and enhance existing revenue stream and achieve collision within the revenue ecosystem — alignment between our people and our truths.

The minister said the government has taken on some innovative approaches to financing infrastructure, giving an example of road infrastructure for tax rebate.

Continue Reading
Advertisement

Trending