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Era of Looting Without Fear at NSITF Gone—Ngige

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chris ngige NSITF

By Modupe Gbadeyanka

The Minister of Labour and Employment, Mr Chris Ngige, has charged the new board of the Nigeria Social Insurance Trust Fund (NSITF) to abhor corruption as the era of looking at the agency was gone for good.

Mr Ngige, while inaugurating the board on Tuesday in Abuja, said the new team must live down the past and lead a rewarding change in the fortunes of the NSITF.

He also charged the members to work to reposition and revitalise the organisation to fulfil its mandate in accordance with the Act establishing it.

The Minister also directed that procurement in the organisation must be done in accordance with Procurement Act 2007, Finance Act 2000, Financial Regulation and extant government circulars, especially on the threshold of procurement items.

“Ladies and gentlemen, on your shoulders lies the burden of untying this organization from the tethers of stagnation. We must live down the past and lead a rewarding change in the fortunes of the NSITF.

“The years of the locust are now over. The era of looting of N48 billion without a single voucher is gone for good,” Mr Ngige was quoted as saying in a statement issued by the Deputy Director Press and Head of Public Relations at the Ministry, Mr Charles Akpan.

The Minister also appealed to the members to adhere strictly to “the statutory conditions of service and remunerations for board members approved by the Minister as enshrined in the NSITF Act.”

He expressed optimism that the new management would steer the ship of the organisation well enough for it to perform creditably its principal mandate, which is implementing the Employee Compensation Act (ECA 2010).

The ECA 2020, according to him, provides for “a fair, guaranteed and adequate compensation for all insured employees in case of any injury, disease, disability or even death arising out of or in the course of work.”

The new management is required to forward a quarterly and annual report of its performance to the Ministry of Labour of Employment.

The inaugurated members of the management board of the NSITF were Dr Akabogu, Michael (Managing Director/Chief Executive); Mrs Akinwale, Caroline Temitope (Executive Director, Finance and Investment); Mrs Allagoa, Maureen (Executive Director, Administration); and Mr Gana, Modu (Executive Director,  Operations).

Others were nominal members comprising Mrs Lauretta Adogu, Director, Department of Occupational Safety and Health, to represent Federal Ministry of Labour and Employment, and Alhaji Najeem Yasin, Deputy President,  Nigeria Labour Congress (NLC), representative.

Chairman of the board of NSITF, Mr Austin Enajemo Isire, in his remarks, commended the members of the team for standing firm and accepting to serve.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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Rivers Sole Administrator Promises Swift Utilisation of Funds

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By Adedapo Adesanya

The Sole Administrator of Rivers State, Mr Ibok-Ete Ibas, has assured that necessary steps would be taken to ensure the prompt utilisation of the withheld local government funds, which have now been released by the federal government.

Recall that President Bola Tinubu on Tuesday declared a state of emergency in Rivers State and suspended Governor Similaniyi Fubara and the Deputy Governor, Mrs Ngozi Odu, as well as all members of the Rivers State House of Assembly, over a political crisis. He then replaced them with Mr Ibas, who will act for the next six months as a sole administrator.

Speaking during a meeting with Heads of Local Government Administrators in Port Harcourt on Friday, Mr Ibas described the gathering as a pivotal moment in the collective effort to restore stability and progress in the state.

The Sole Administrator lamented the economic hardship in the Niger Delta, noting that despite the region’s wealth of natural resources, its people continue to suffer.

“This is unacceptable,” he stated, emphasizing the need for transformation and accountability.

He expressed concerns over the delay in salary payments across local government areas, acknowledging the struggles of affected workers.

“I feel the pain of the workers,” he said, assuring them that the withheld allocations had been released and that his administration would ensure that salaries are paid without delay.

However, he warned that financial accountability would be strictly enforced.

Mr Ibas, a retired vice admiral and former Chief of Naval Staff, directed all local government areas to submit their wage bills, supported by relevant documentation, through the office of the Head of Service.

He said his administration would not tolerate financial recklessness, vowing to scrutinize the handling of public funds and take action against any mismanagement.

Mr Ibas said good governance is not just a slogan, but a commitment to changing the negative narrative within the next six months.

He further stressed the importance of collaboration with traditional rulers and security agencies to enhance security at the grassroots level.

“You must take the lead in ensuring security within your domains,” he urged local government administrators.

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FG Calls for Alternative Energy Sources to Drive Nigeria’s Maritime Industry

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Adegboyega Oyetola

By Adedapo Adesanya

The federal government has called for the adoption of alternative energy sources in the maritime industry to reduce greenhouse gas emissions, warning that Africa could face severe economic impacts if left behind in the global transition.

The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, made this call in Abuja while declaring open the African Strategic Summit on Shipping Decarbonization.

He cautioned that the ongoing shift to low-emission shipping fuels could increase transport costs for Africa, disproportionately affecting developing nations.

“With over 90 per cent of global trade relying on maritime transport, reducing GHG emissions is not just an environmental necessity but an economic imperative,” Mr Oyetola stated.

He stressed the need for Africa to have a strong voice in shaping global policies. “As the IMO advances its regulatory framework on decarbonization, Africa must ensure its interests are safeguarded, as we rely heavily on imports and contribute less than 2 per cent to the global fleet,” he said.

Highlighting the potential benefits of the transition, Mr Oyetola urged African nations to leverage the shift towards cleaner energy to boost industrialization.

“With 38 coastal nations, Africa can use this transition to develop its ports as launch pads for economic growth by engaging the Global North in strategic partnerships,” he added.

The Minister emphasized the need for a just and equitable transition, ensuring that no African nation is left behind.

“While we recognize the urgency of climate action, developing economies face challenges such as limited access to technology, energy poverty, and food insecurity. The principle of common but differentiated responsibilities must guide our approach,” he said.

Also, Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Mr Dayo Mobereola, reinforced the urgency of decarbonization.

“The shipping industry contributes about 3 per cent of global emissions. This summit is a platform for Africa to shape a strategy that ensures sustainable maritime development without being disadvantaged,” he noted.

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JUST IN: Ayobo-Ipaja LCDA Chairman Bolatito Shobowale Dies

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By Dipo Olowookere

The Chairman of Ayobo-Ipaja Local Council Development Area (LCDA), Mrs Bolatito Shobowale, has died, Business Post has confirmed.

She passed away on Friday after a prolonged battle with illness and three days after her deputy, Mr Ladi Oluwaloni, was asked to become the acting chairman of the council due to her long absence from work.

Mrs Shobowale had been away from her office for about six months, preventing the presentation of the 2025 budget to the council lawmakers for approval.

There had been underground grumbling within the LCDA until Governor Babajide Sanwo-Olu stepped in and approved the appointment of Mr Oluwaloni as the acting chairman.

Recent council activities had been carried out without the deceased, including the welcoming of the Governor Advisory Council (GAC) led by Mr Femi Pedro and the presentation of work tools to some residents who completed an empowerment programme sponsored by the state government.

Reacting to the death of Mrs Shobowale, the chairman of Alimosho Local Government Area, Mr Jelili Sulaimon, said she would be missed.

Mr Sulaimon, in a statement signed by his media aide, Mr Babatunde Yusuf, described the deceased, fondly called Mama Show, as a mother to all and a good administrator who is ever willing to see Ayobo-Ipaja LCDA progress positively.

According to him, Mrs Shobowale, elected into office in 2021, committed herself to the growth and development of council until her death.

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