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Diri Proposes Third Term for Governors to Curb Abandoned Projects

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Bayelsa State Governor, Senator Douye Diri, has suggested a constitutional amendment to allow state governors a third term in office — a move he believes could help tackle the persistent issue of abandoned projects across Nigeria.

Governor Diri made the call during a stop in Nembe Local Government Area, part of his ongoing ‘Thank-You Tour’ across the state. Addressing a large crowd at King Koko Square in Nembe, the governor said limited time in office often prevents administrations from completing critical infrastructure projects.

“It is not proper to start a project and leave it for another government to finish,” he said. “Some of your requests can be fulfilled, but time is no longer on our side. That’s why I believe the National Assembly should consider revisiting the constitution to give governors a third term.”

He encouraged community members to reach out to their federal representatives — including Hon. Marie Ebikake, Hon. Fred Agbedi, Hon. Oforji Oboku, and Senator Benson Agadaga — to push for such an amendment.

Diri highlighted the ongoing development of a 60-megawatt independent power plant as a major step toward addressing electricity challenges in the state. He announced that twin gas-powered turbines, procured by the state government, would soon be delivered and installed at the Elebele site, which is nearing completion.

According to him, once operational, the power plant will supply electricity to key areas such as Yenagoa, Nembe, Ogbia, Kolokuma/Opokuma, Sagbama, and parts of Ekeremor, helping to reduce the state’s dependence on the national grid.

The governor also addressed the community’s call for the construction of the Igbeta–Ewoama–Okoroba road. He admitted that time was a constraint but expressed willingness to partner with federal bodies like the Niger Delta Development Commission (NDDC) and the South-South Development Commission to make it happen.

Governor Diri thanked the people of Nembe for their warm reception and overwhelming support in the 2023 governorship election, which saw him and his deputy, Senator Lawrence Ewhrudjakpo, re-elected.

“We promised to come back and say thank you if re-elected. This visit is to fulfill that promise,” he said.

Several dignitaries praised the governor’s efforts during the visit, including former Deputy Governor Rear Admiral Gboribiogha John-Jonah (rtd), Attorney-General Biriyai Dambo (SAN), Nembe Council Chairman Chief David Alagoa, and PDP chieftain Chief Blessing Izagara, who all commended the progress made on the Nembe–Brass road project.

Governor Diri also paid a courtesy visit to the Amanyanabo of Nembe Kingdom, King Edmund Daukoru (Mingi XIII), who expressed gratitude for the governor’s commitment to development. The monarch lauded Diri for returning to thank the people after the election, a gesture he described as rare among politicians.

“You’ve proved doubters wrong. You kept your word, and the blessings of this throne will remain with you,” the king said.

The governor’s entourage included several lawmakers, top government officials, and traditional leaders.

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NECO Releases 2026 SSCE Results as 58.67% Secure English, Maths Credits

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The National Examinations Council (NECO) has released the results of the 2026 Senior School Certificate Examination (SSCE) Internal, with 58.67 per cent of candidates obtaining at least five credits, including English Language and Mathematics.

NECO Registrar and Chief Executive, Professor Dantani Wushishi, announced the results on Thursday at the council’s headquarters in Minna, Niger State.

A total of 1,378,048 candidates registered for the examination, comprising 682,352 males and 695,696 females. Of the registered candidates, 1,371,992 eventually sat for the examination.

According to NECO, 804,948 candidates, representing 58.67 per cent, obtained five credits and above, including English Language and Mathematics. Another 1,162,118 candidates, representing 84.70 per cent, obtained at least five credits irrespective of their results in the two subjects.

The 2026 examination was conducted between June 15 and July 23 across Nigeria and six foreign countries: Benin Republic, Equatorial Guinea, Niger Republic, Côte d’Ivoire, Togo and Saudi Arabia. The nationwide marking exercise took place from August 17 to September 4.

NECO also reported a significant reduction in examination malpractice. The council said the number of candidates involved in malpractice fell from 3,878 in 2025 to 1,406 in 2026, representing a 64.74 per cent decline.

The registrar attributed the reduction to strengthened examination monitoring, improved processes and collaboration with security agencies and other stakeholders.

The council also disclosed that candidates with special needs participated in the examination, as part of its efforts to make the examination process more inclusive.

NECO said candidates can now access their results through its official result-checking platform using their examination registration details.

The release of the results comes 63 days after the conclusion of the 2026 SSCE examination.

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Nigeria’s FX Supply Rises 20.5% to $8.94bn in 2025

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Nigeria’s foreign exchange supply increased by 20.5 per cent to $8.94 billion in 2025, up from $7.43 billion recorded in 2024, according to data from the Central Bank of Nigeria (CBN).

The figures were contained in the apex bank’s 2025 Statistical Bulletin and represent an increase of about $1.51 billion in annual foreign exchange supply.

Monthly figures showed that supply remained relatively low at the beginning of 2025 before rising significantly in March and April.

FX supply stood at $590.64 million in January and $607.63 million in February. It then climbed to $1.04 billion in March before reaching its highest monthly level of $1.65 billion in April.

However, supply declined in the following months, falling to $838.93 million in May and $676.31 million in June. It recovered slightly to $759.02 million in July before dropping to $677.84 million in August and $399.80 million in September.

October recorded the lowest monthly figure for the year at $150.10 million. Supply later recovered to $638.38 million in November and $910.73 million in December.

The CBN also reported that total foreign exchange inflows into Nigeria rose from $96.53 billion in 2024 to $109.86 billion in 2025, representing a 13.81 per cent increase.

However, foreign exchange outflows also increased during the period, rising by 27.83 per cent from $38.37 billion to $49.05 billion.

As a result, Nigeria recorded a net foreign exchange inflow of $60.81 billion in 2025, compared with $58.16 billion in 2024.

The CBN data, however, do not provide a detailed breakdown of the sources of the $8.94 billion supplied during the year.

The increase in FX supply comes amid continued efforts to improve liquidity and stability in Nigeria’s foreign exchange market, although the market remained volatile in 2026.

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Dangote Reacts to Viral Memes as Nigerians Joke About Refinery Ownership

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Africa’s richest man and President of Dangote Group, Aliko Dangote, has reacted to the wave of viral memes generated by Nigerians who recently bought shares in the Dangote Petroleum Refinery.

The memes emerged following the launch of the refinery’s Initial Public Offering (IPO) on the Nigerian Exchange on September 14, with investors jokingly presenting themselves as business partners and co-owners of the multibillion-dollar refinery.

Dangote addressed the trend while speaking with CNN correspondent Larry Madowo at the Unstoppable Africa 2026 summit in New York.

The billionaire said the IPO was designed to attract investors from across Africa, with an ambition of having up to 10 million shareholders.

According to Dangote, the objective is to broaden ownership and increase participation in Africa’s capital markets.

He also expressed confidence in the future value of the company, saying the share price would continue to grow and that he expected the refinery to become Africa’s most profitable company.

The viral memes began after the minimum subscription was set at 10 shares, allowing more Nigerians to participate in the offer with a relatively small amount of money.

Some new shareholders jokingly demanded board meetings, while others posted memes portraying themselves as senior executives of the refinery. The trend even inspired humorous videos from Nigerian comedians and content creators.

Reuters also reported that the IPO triggered significant interest among retail investors, with some digital investment platforms experiencing technical difficulties as people rushed to participate.

The Dangote Refinery IPO involves 4.1 billion ordinary shares, with the offer scheduled to close on October 13, 2026. The funds are intended to support the company’s expansion plans, including an increase in refining capacity.

Dangote also said the expected number of shareholders could be so large that the company’s annual general meeting would need to be held in a stadium.

The development has turned what is essentially a major capital-market transaction into a major social-media talking point, with Nigerians using humour to celebrate their newly acquired stakes in one of the country’s biggest industrial projects.

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