Category: Business & Finance

FG Dismisses ₦8trn ‘Shadow Budget’ Claim, Says No Public Funds Spent Outside National Assembly Approval

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The Federal Government has firmly denied allegations that it spent more than ₦8 trillion outside the approved 2026 budget, describing the claim as false, misleading and a misrepresentation of observations contained in the International Monetary Fund (IMF) 2026 Article IV Consultation Report. In a statement issued on Sunday by the Honourable Minister of Finance and Coordinating Minister of the Economy,Taiwo Oyedele in his verified X handle, the government maintained that it does not operate a “shadow budget” and that every expenditure undertaken by the Federal Government is backed by constitutional and…

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Oborevwori Moves to Restore Power In Isoko, Ndokwa Communities

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  Delta State Governor, Rt. Hon. Sheriff Oborevwori, has taken fresh steps to restore and improve electricity supply in parts of Isoko and Ndokwa land with the commencement of procurement processes for the rehabilitation and expansion of critical power infrastructure across the affected communities. The move followed the issuance of an Invitation to Tender by the Delta State Ministry of Energy for the execution of key electricity projects aimed at addressing years of power challenges caused by inadequate infrastructure and vandalism. According to the tender notice signed by the Secretary…

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RMFAC DATA VERIFICATION: Oborevwori Reaffirms Commitment To Transparency

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  Delta State Governor, Rt. Hon. Sheriff Oborevwori, has reaffirmed his administration’s commitment to prudence, accountability and transparency in the management of public resources as the Revenue Mobilisation, Allocation and Fiscal Commission (RMFAC) commenced its nationwide Data Verification Exercise in the state. Governor Oborevwori stated this on Monday while receiving a delegation from RMFAC led by the Team Leader, Mohammed Kabir Usman, and the Federal Commissioner representing Delta State in the Commission, Mr. Aruviere Martins Egharhevwa, at Government House, Asaba. The governor said his administration had continued to invest heavily…

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Delta Central Youths Begin Three-Week Rigging, Scaffolding Training Under Dafinone Initiative

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Senator Representing Delta Central Senatorial District, Senator Ede Dafinone, has officially flagged off a three-week capacity building programme on rigging and scaffolding for youths in Delta Central Senatorial District in partnership with the Nigerian Content Development and Monitoring Board (NCDMB). The training programme, which is designed to equip youths with practical technical skills for employment in the oil and gas and construction sectors, with emphasis on employability, safety competence, and self-reliance. Representing the Senator at the flag-off ceremony, Olorogun Barr. Adelabu Bodjor, Chief of Staff to Senator Dafinone, said the…

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Activist Faults Claims Over Decentralization Of Pipeline Contract

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By Julius Agadaga, Yenagoa   Bayelsa State Chairman of Third Phase of the Presidential Amnesty Programme (PAP) and Street Coordinator for Peace across the Niger Delta, Comrade Stanley Abiri, alias Faceless’ has faulted the comments made by one Jude Gbaboyor and his cohorts l over the pipeline surveillance contract awarded by the Federal government to the Tantita Security Services Limited. Reacting to the recent calculated media attacks on the personality of High Chief Oweizide Ekpemupolo, popularly known as Tompolo and the Tantita Security Services Ltd, a statement made available to…

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Enhwe Community Protests Continued Dredging, Demands Compensation, Release of Arrested Prince, Others

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        Residents of Enhwe community in Isoko South Local Government Area of Delta State on Thursday staged a protest over the continued dredging activities in the area, accusing operators of carrying out the exercise without adequate compensation to affected landowners and residents.   The protesters, made up of youths, women and community leaders, also demanded the immediate release of the community prince, Larry Eduvie Efekodha and four others who werep allegedly arrested in connection with the agitation against the dredging operations.   Carrying placards with inscriptions such…

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BYERA Details Framework To Attract Investment, Protect Consumers In Electricity Market

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By Julius Agadaga, Yenagoa       The Director General of the Bayelsa Electricity Regulatory Agency, Dr. Rosalyn Dressman, said the BYERA (Licensing and Market Entry) Regulations 2026 is designed to attract investment, protect consumers, and establish a credible state electricity market under the Bayelsa State Electricity Law 2025. Speaking at the stakeholder review forum in Yenagoa, Dr. Dressman explained that the regulations go beyond administrative procedure. “These regulations are a fundamental tool for attracting investment,” she said. “They also protect consumers, regularize the participation of existing operators, and create…

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Why I Want To Join Hands With Oborevwori Administration As Lawmaker-Rev Ogugu Reveals

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Delta State House of Assembly aspirant for Ughelli North Constituency II, Rev Anthony Ogugu has revealed that he want to be part of Governor Sheriff Oborevwori administration and contribute his quota to the development of the state and the people of his immediate constituency.     Rev Ogugu gave the revelation during the distribution of free fuel as part of his empowerment to Keke and Okada riders in Ughelli North Local Government Area of Delta State.   Rev Ogugu while speaking during the exercise tagged, ‘Community Fuel Relief Program for…

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