N78.9bn FG refund deepens rift between Rivers’ main rival political parties

N78.9bn FG refund deepens rift between Rivers' main rival political parties

…tiff costs state N355bn, economy strained further by Covid-19 pandemic …unemployment rising with debts The recent refunds by the federal government of a total N148.14 billion to five states which undertook repairs of federal roads in their domains, is now a source of bitter tussle among the two main political parties in Rivers State – […]

World Bank, AfDB, inaugurate $550m solar off-grid power plants to serve 30,000 MSMEs, 300,000 households in Bayelsa

…targets universities, teaching hospitals in Nigeria Global money lender, the World Bank and African Development Bank (AfDB), in collaboration with the Rural Electrification Agency (REA) under the Nigeria Electrification Project (NEP), have commissioned multiple solar off-grid power plants, with a total capacity of 134.64 kilowatts (kW) in communities in Bayelsa State. The project, which comes […]

Rivers reviews 2020 budget 48% to N300.370bn

Rivers reviews 2020 budget 48% to N300.370bn

…also reviews MTEF Rivers state government, like the national government, Nigeria, has undertaken a 48 percent downward review of its 2020 state budget. The budget has moved from the initial N530.813 billion (530,813,357,619.00) to N300.370 billion (300,370,071,183.00). The state government said the move is in line with the present economic realities occasioned by the novel […]

NDDC forensic audit: Key staff named in huge graft

NDDC delays completion of new head office on  COVID-19 pandemic

… ordered to proceed on mandatory leave The Niger Delta Development Commission (NDDC) has placed some key members of its staff on mandatory leave with full benefits, pending the conclusion and outcome of the on-going forensic audit. The action, according to Berekadumo Pondei, the acting managing director of the commission, is based on the advice […]

NDDC management locked in N5.55bn COVID-19, Lassa fever contracts controversy

NDDC delays completion of new head office on  COVID-19 pandemic

… Says it hardly paid out anything more than N4bn …Spent N1.045bn on coronavirus fight Newly established interim management committee (IMC) of Niger Delta Development Commission (NDDC), inaugurated barely weeks back to go through the books and clean the commission’s Augean stables, having operated for two decades with a less-than salutary performance, has itself fallen […]