News
Obaseki Presents ‘Finishing Strong’ Budget Of N325.3bn To Edo Assembly

… growth, employment enablers, road infrastructure, health, education, others top priorities
The Edo State Governor, Mr. Godwin Obaseki, on Tuesday, presented a N325.3bn budget to the Edo State House of Assembly, for the 2024 fiscal year.
Obaseki, while presenting the budget to the Assembly, said the budget is made up of N178 billion for Capital and N146 billion for Recurrent expenditure.
INFO DAILY reports that the 2024 budget is a slight increase from the N320bn budgeted for the year 2023.
Obaseki said with the budget christened, ‘Budget Home Run: Finishing Strong,’ his government intends to, despite the global economic headwinds and attendant implications for the national economy, marshal resources to complete ongoing projects across the state in furtherance of government’s commitment to the wellbeing and prosperity of Edo state and sustain efforts to improve the ease of doing business, consolidate on key reform programmes and conclude all transactions needed to stimulate economic growth.
The governor noted that the total projected revenue for 2024 is N303 billion, consisting of N55billion statutory allocation, Value Added Tax (VAT) of N38billion; capital receipts of 40bn; IGR of N72 billion and N10 billion from grants, among others.
He added that “the revenue estimates are based on a $65 per barrel benchmark for crude oil with an average daily production of 1.60m barrels per day as well as an increase in Internally Generated Revenue (IGR) to N72bn, which will be bolstered by reforms in revenue collection, property laws and land management reforms.”
Obaseki said the focus areas for the 2024 fiscal year include growth and employment enablers such as the trailer and transit parks, ICT infrastructure, Benin Port projects, which will gulp N85bn; road and transport infrastructure, N62bn; health, N33bn; education, N32bn and buildings, physical planning and development control, N21bn.
Other areas include Social Welfare/Benefits N16bn; Environment, N5bn; Electricity, N7bn; Agriculture, N6bn and Youth, Social Development and Gender, N6bn.
According to him, the 2024 budget is informed by the need to build a resilient and sustainable foundation for the reforms, initiatives and programmes that were embarked on in the last seven years.
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“The ultimate target is to promote economic expansion, technology, arts and culture, social inclusion and economic empowerment for Edo citizens, through sustained investments across various sectors of the economy necessary to drive growth and development. Public Private Partnership (PPP) will continue to dominate our investment initiatives in the New Year,” the governor added.
He stated, “Though resources are not at the optimum and our revenues are severely impacted by prevailing lag in the economy, we will sustain efforts to improve the ease of doing business, consolidate on other key reform programmes and conclude all transactions needed to stimulate economic growth.”
The governor further stated: “Mr. Speaker, as a subnational we have very little say on monetary policy but our aim is to stabilize our macro-economic environment through effective use of limited fiscal policy. This will enable businesses, investors and households plan and implement production, investment and consumption activities effectively within our state.
“The State’s fiscal policy is envisaged to control and enforce compliance with established spending limits to achieve a sound budgeting system, which includes aggregate fiscal discipline, allocative efficiency and effective spending that can propel Edo State’s economy to be among the top three most developed states in the country by 2050.”
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According to him, “The year 2023 has been characterized by political and economic uncertainties, especially with the devaluation of the naira by almost 100 percent and the removal of fuel subsidy which led to a threefold increase in the price of Premium Motor Spirit (PMS).”
Receiving the 2024 budget proposal, Speaker of the Edo State House of Assembly, Rt. Hon Blessing Agbebaku assured the Governor that the legislative arm will continue to work harmoniously with the executive to ensure the socioeconomic growth and development of the State.
Hailing the governor for his developmental strides across all sectors of the State, the Speaker commended the governor for extending the free bus service across the State by three months.
News
FULL LIST: FG Shuts 41 Unity Schools Over Insecurity

The Federal Government on Friday ordered the temporary closure of 41 unity schools over the rising cases of abduction across the country.
The decision was announced in a circular issued by the Director of Senior Secondary Education at the Federal Ministry of Education, Binta Abdulkadir.
“Sequel to the recent security challenges in some parts of the country and the need to prevent any security breaches, the Honourable Minister of Education has approved the immediate closure of the listed Federal Unity Colleges.
“Principals of the affected colleges are to ensure strict compliance. Please accept the warm regards of the Honourable Minister,” the circular read.
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The affected schools are FGGC Minjibir; FGA Suleja; FTC Ganduje; FGGC Zaria; FTC Kafancha; FGGC Bakori; FTC Dayi; FGC Daura; FGGC Tambuwal; FSC Sokoto; FTC Wurno; FGC Gusau; FGC Anka; FGGC Gwandu; FGC Birnin Yauri; FTC Zuru; FGGC Kazaure; FGC Kiyawa; FTC Hadejia; FGGC Bida; FGC New Bussa; and FTC Kuta-Shiroro.
Others are FGC Ilorin; FGGC Omu-Aran; FTC Gwanara; FGC Ugwolawo; FGGC Kabba; FTC Ogugu; FGGC Bwari; FGC Rubochi; FGGC Abaji; FGGC Potiskum; FGC Buni Yadi; FTC Gashau; FTC Michika; FGC Ganye; FGC Azare; FTC Misau; FGGC Bajoga; FGC Billiri; and FTC Zambuk.
Recall that some students from St. Mary’s School in Papiri, Agwara Local Government Area of Niger State, were kidnapped by terrorists.
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The incident comes just days after a similar attack in Maga, Kebbi State, where 25 students were kidnapped, heightening concerns over the deteriorating security situation in educational institutions across the region.
On Thursday, over 50 schools were shut down in Kwara State following attacks by bandits.
President Bola Tinubu had also cancelled his scheduled trips to South Africa and Angola to coordinate the government’s response to the worsening insecurity.
News
Why FG Hasn’t Prosecuted Terrorism Financiers – Minister

The Minister of Information and National Orientation, Mohammed Idris, says the Federal Government has not prosecuted individuals suspected of financing terrorism because the process requires extensive and delicate investigations that cannot be rushed.
Speaking on Channels Television’s Politics Today on Friday, Idris explained that contrary to public perception, the matter was not as simple as having a list and immediately taking suspects to court.
The minister’s statement came against the backdrop of growing concerns over alleged government complicity in the escalating insecurity ravaging the country.
Successive governments have faced public pressure to identify and prosecute individuals suspected of financing terrorism, particularly Boko Haram, ISWAP, and bandit groups operating in the North.
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Under former President Muhammadu Buhari, officials disclosed that some suspected financiers had been identified, raising expectations that trials would soon follow.
However, no high-profile prosecution has taken place, fuelling criticism from civil society groups and security analysts who argue that the delays strengthen public distrust in government efforts against insecurity.
Addressing the matter, Idris said, “It is not a question of having the list or not having the list; it is not as simplistic as that. Investigations have to be conducted. In some cases, there are merits in what they said.
“You don’t say, ‘because pronouncements have been made, let me take you to court directly.’ There must be sufficient investigation carried out.
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“Unfortunately, when you are fighting these kinds of battles, it is not something that you just sort out within a day or two. That is why, all the time, we are calling on our partners within and outside this country to understand the complexity and diversity of the situation we have here.”
The minister maintained that President Bola Tinubu’s administration was “working assiduously” to end terrorism and other security threats.
He noted that significant progress had been made since May 2023, adding that many Nigerians were inclined to overlook the gains.
“Sometimes we forget the successes we have recorded in the fight against bandits, criminals, and some of these jihadists. From May 2023 to date, over 13,500 of these criminals have been neutralised and taken off our society.
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“Over 17,000 of them have been apprehended. Even as we speak, some of them are having their day in court, and some have been sentenced. I think we should recognise these efforts.”
On the delayed appointment of ambassadors, the minister said President Tinubu was already finalising the list, adding that the nominees were undergoing security vetting.
The minister also confirmed ongoing diplomatic engagements between Nigeria, the United States, and other countries, explaining that misunderstandings about Nigeria’s security challenges were being clarified.
“We agree that ambassadors should be there (US), and the President has agreed that he is going to release this list. As I speak with you, the President is finalising it. They have passed them to security agencies for checks. I can tell you that ambassadors are going to be appointed pretty soon.
“There is diplomatic engagement happening between Nigeria and the United States and other countries. What we feel is that there is no proper understanding of what the situation is about.
“This is the message we are taking to them. We are open to any kind of cooperation—regional, international, American or anybody who wants to see that there is an end to this crisis in Nigeria.”
News
Why Niger Delta Suffers Most — Jonathan

Former President Goodluck Jonathan has blamed the underdevelopment of the Niger Delta on weak political will and the personal ambition of some political office holders.
Jonathan, who spoke in Abuja on Friday at the launch of The Hidden Treasures, a 202-page book written by former Delta State governorship aspirant Chris Iyovwaye, stated that political rivalry and the scramble for power have repeatedly stalled progress in the region.
This was echoed by ex-presidential candidate of the Social Democratic Party, Adewole Adebayo, and former Minister of Information, Prof Jerry Gana, who also highlighted the failure to act on long-standing regional plans as a challenge to the region’s development.
Jonathan, who chaired the event, was represented by his Chief of Staff, Mike Oghiadomhe.
In his address, the former president recalled several abandoned regional economic initiatives that could have boosted the Niger Delta’s growth.
He also traced past attempts to coordinate South-South governors and federal lawmakers on regional development, noting that personal ambition often overshadowed collective interest.
The former president said, “A lot has been said in the past and even now. But when you don’t bring action to it, it will remain a potential. Deep inside here, we can have tonnes of gold, diamonds, and uranium. But it will remain zero until they are mined and brought out.
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This book corroborates what we have heard.
“In the past, when I was a deputy governor between 1999 and 2007, we had this same great commission. We used to have meetings of South-South governors. At one point, it was enlarged to include members of the National Assembly, and initiatives were held from state to state.
“But action could not be taken because of competition for power and control of that commission. At one point, everybody in the Niger Delta wanted to be the vice president to an unknown president.
“That was because Obasanjo was president from the South, and the next president was going to come from the North. But nobody knew who he would be. So, everybody started scrambling to become the vice president to whoever was coming.”
Expressing hope in the new revival of the South-South governors’ commission, he warned that only “practical action” backed by political will can rescue the region’s growth prospects.
“Our advice on this occasion is to send a message to them that there is a need for action. And it has to be in practical terms, not just saying it without showing the right political will. They should move further to create the vehicle that will detail the investment opportunities, save up, and market them across the region.
“The Niger Delta is supposed to be the economic hub of this country, with the potential to build the biggest seaport in Nigeria. From the Niger Delta, you can reach every part of the country, particularly the Middle Belt and the North. There is a need to harness our resources at this point in time for proper and physical development.”
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Adebayo, in his remarks, described the Niger Delta as a vast, mismanaged economic paradise.
According to him, the region is too richly endowed for its citizens to remain poor.
“If there is no Niger Delta, there is no Nigeria. To some, every treasure is hidden because the person is blind. It is believed that some of the treasures in the region are hidden because we have had blind leadership over time.
“In truth, every part of the Niger Delta is brimming with human, material, liquid, and solid resources. So, if you are from the Niger Delta, it will be an oxymoron to say you are poor. It is impossible to be poor in that paradise.
“I come from a family that has 100 years of experience in making fortunes out of the Niger Delta. Most of my uncles and aunties were born there and served in great capacities. That is why we are always grateful to the Niger Delta.
“I also personally went to the region and found my own fortune. That’s because I married my wife from the Niger Delta, and my life has turned for the better since then.”
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He added that the region’s wealth “is 18 times more than all the productivity of the United States from 1776 to date,” urging a return to responsible and visionary leadership.
“The author and others like him are sent to us like prophets in our time to remind us that a leadership or generation consumed by appropriating surface wealth, farming out the country’s resources to foreign enterprises, and collecting rent to make big men out of themselves is not the shepherd God sent to this land. This generation will have to turn away from that,” he said.
Gana, who as Information Minister in 1999 conceptualized the Niger Delta Development Commission, said the commission had fallen far short of its founding vision.
“During Obasanjo’s administration in 1999, I was mandated to organize a seminar on the Niger Delta at the ECOWAS Secretariat. It was a very well-attended event that was chaired by the former president of Tanzania, Julius Nyerere.
“He came in person, and papers were brilliantly presented on how we need to proceed with developing the Niger Delta. And we proposed the creation of a Niger Delta Development Commission as a platform to provide important infrastructure.”
But he lamented that the commission has not justified its mandate.
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“I must confess that despite the tremendous hope that the meeting generated, I have not been personally impressed by the results of the commission, especially when I see them building primary schools and other minor projects.
“This vision was to transform the Niger Delta into one of the most beautiful places in Nigeria, with excellent infrastructure.”
He urged current managers of the commission to “arise and do something great for the people of the Niger Delta region.”
The Niger Delta, Nigeria’s main oil-producing region, has faced decades of environmental degradation, unemployment, poverty, and infrastructural neglect despite contributing the bulk of the nation’s revenue. Oil spills, gas flaring, and weak regulatory enforcement have devastated livelihoods, while recurring conflict over resource control has deepened instability.
The commission was established in 2000 to drive large-scale infrastructural transformation and address developmental gaps, but it has been plagued by allegations of mismanagement, abandoned projects, corruption, and political interference.
Multiple presidential audits have cited poor project delivery, weak accountability structures, and diversion of funds—leaving the region’s core problems largely unresolved.
(PUNCH)
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