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National Social Investment Programmes Not Marred by Fraud—Presidency

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By Modupe Gbadeyanka

Special Adviser to the President on Social Investments, Mrs Maryam Uwais, has denied reports that the National Social Investment Programmes have been hampered by fraud in some states of the federation.

In a statement personally signed by her, Mrs Uwais admitted that the scheme has a pocket of frauds in some states, but they were not enough to have marred the progress of the initiative.

According to her, some of the challenges being recorded in a few States are being tackled effectively and transparently.

She stressed that despite some limited process breaches recorded in some rural communities, the social investment programmes are recording profound successes and having the desired impact on lives, as envisaged by government, as designed and in implementation.

“The special interventions by the Federal Government continue to support the populace by addressing financial inclusion and supporting poor and vulnerable households around the country.

“We are indeed delighted that a total of 7,812,201 lives have been directly impacted by our programmes.

“This means that over seven million homes can testify to our efforts.  Another set of 1,500,000 secondary beneficiaries comprising mainly farmers and cooks can also validate our claims to be true.

“We are encouraged by the unspeakable joy we see on the faces of the 297,973 poor and vulnerable beneficiaries of our National Cash Transfer Programme (NCTP) that is currently being implemented in the 217 local governments spread across the 20 States of the Federation,” she said.

Mrs Uwais clarified that the media chose to capitalise on her admittance of few breaches in some of the states, ignoring the successes the scheme has achived.

According to her, following the presentation made to the National Economic Council (NEC) on Thursday, 15, February 2018, she addressed State House Correspondents on the significant progress being made with the social investment initiatives of the Federal Government of Nigeria.

Mrs Uwais explained that in response to a specific question by a member of the State House Press Corps as to whether the instances of sharp practices being perpetrated at the State levels have impacted the quantum of funds available to the NSIO, she clarified that the amount involved in the identified sharp practices were insignificant to affect the desired social impact.

She went on to also state that the NSIO is working with security agencies to curb the breaches, as evidenced in a few minimal instances.

“It is rather curious therefore that several media reports towed the single lane of giving a negative slant to the bold efforts and successes of the National Social Investment Office by the sensational reporting,” she lamented.

However, the President’s aide appealed to the media to be much more circumspect in their reportage.

She said it was evident that the programmes have not been “hampered or marred” with the level of successes recorded around the country, witnessed by the numerous testimonials of beneficiaries on social media and elsewhere.

“Indeed, we encourage our media to engage the beneficiaries directly for a true picture of the impact of our efforts, around the country,” she further appealed.

According to her, “The NSIO will continue to drive the implementation of the SIPs with efficiency, diligence and transparency. And we call on Nigerians to be the true witnesses of the output of our activities.”

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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NUPRC Probes Gas Bubbling in Bille Community in Rivers

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gas bubbling bille

By Aduragbemi Omiyale

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commenced an investigation into a gas bubbling incident in Bille community in Rivers State, but preliminary “deductions and field observations indicate that the gas bubbling may be associated with a subsurface phenomenon that could be linked to a variety of triggers.”

In a statement signed by its chief executive, Mrs Oritsemeyiwa Eyesan, on Thursday, the agency said it was worried about the unfortunate incident, assuring residents that efforts are being made to address the issue.

The commission acknowledged the concerns the “unsavoury development has raised in relation to public safety, the environment, and the health of the populace,” stressing that, “The overall well-being of our communities and the protection of the environment remain paramount to the commission, as they are to government.”

It stated that, “Upon notification of the incident, the commission activated a coordinated technical investigation process in line with established regulatory protocols to assess the nature and extent of the gas seepage, identify source(s) and potential cause(s), and propose immediate and long-term mitigation measures.”

“The investigative study is being conducted in collaboration with stakeholders to ensure comprehensive, fact- based outcomes for long-term sustainability,” it added.

“Detailed geotechnical and geological analyses are ongoing to determine the contributing factor(s) and possible remedies for prompt implementation,” the statement further said.

“The commission assures the Bille community of its resolve to ensure that necessary actions required to address the situation are taken in line with applicable regulations, industry standards and global best practices.

“Once again, the commission commiserates with the Bille community as we work assiduously with all stakeholders to unravel the incident, and enjoins members of the community to maintain the commendable level of responsibility whilst adhering to all safety measures and public health advisories issued by the relevant authorities,” the statement disclosed.

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Akwa Ibom Denies Plan to Sell Ibom Power Company

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Ibom Power Company

By Adedapo Adesanya

The Akwa Ibom State Government has dismissed claims that it plans to sell Ibom Power Company, describing the allegation as false and reaffirming its commitment to reviving the state-owned electricity asset through debt repayment and structural reforms.

In a statement issued on March 18, the Commissioner for Information, Mr Aniekan Umanah, said a report by a Uyo-based tabloid alleging plans to dispose of the company was “a wicked fabrication” that should be disregarded.

“At no time has the government approved the sale of Ibom Power Company as scrap or otherwise,” the statement said, adding that such claims exist only in the “imagination of mischief-makers intent on misleading the public.”

Instead, the government said it is focused on stabilising the company’s operations by clearing legacy debts, including a $9 million facility obtained from Afreximbank several years ago.

According to the statement, Governor Umo Eno approved a structured quarterly repayment plan of $560,000 beginning March 15, 2025, aimed at gradually liquidating the loan.

The government described the move as part of broader efforts to “rescue and reposition Ibom Power Company for sustainable operations,” stressing that the approach reflects a commitment to “revival, stability, and long-term value preservation, not liquidation.”

Beyond debt repayment, the state also outlined ongoing electricity sector reforms anchored on a Private Sector Participation (PSP) framework designed to attract investment while retaining public ownership of assets.

Under the initiative, the government said it has established key institutions, including the Akwa Ibom State Electricity Regulatory Commission and Ibom Electricity Holdings Limited, to strengthen oversight and coordinate state-owned electricity assets. Shares of the holding company have also been vested in the Akwa Ibom Investment Corporation.

The concession model being introduced will allow qualified private operators to rehabilitate, finance, and manage electricity infrastructure over a defined period, with strict performance benchmarks and regulatory supervision.

The government said the framework is structured to ensure that “the State will retain ownership and strategic control of all electricity assets,” while transferring operational and commercial risks to private sector participants.

It added that the reform programme is expected to improve reliability, resolve longstanding challenges, and promote a more efficient electricity market without placing additional fiscal pressure on the state.

On recent power outages across parts of Akwa Ibom, the government noted that electricity transmission and distribution currently fall outside its direct control. However, it said efforts are ongoing to engage relevant authorities to address the disruptions and improve supply.

The statement also criticised the publication that carried the initial report, accusing it of spreading misinformation and warning that “government’s measured silence should not be mistaken for weakness,” citing existing laws on libel and defamation.

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Eid-el-Fitr: Gaya Urges Prayers Against National Challenges

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NSIA Abdullahi Mahmud Gaya

By Modupe Gbadeyanka

Nigerians have been urged to use the occasion of Eid-el-Fitr to intensify prayers against the challenges confronting the nation.

This appeal was made by the independent non-executive director of the Nigeria Sovereign Investment Authority (NSIA), Mr Abdullahi Mahmud Gaya.

Mr Gaya described the current situation in the country as a test of citizens’ spiritual resolve and faith, tasking Muslims to reflect on the deeper significance of Eid-el-Fitr, noting that the festival symbolises sacrifice, obedience to Allah, and compassion for the less privileged.

“Every Muslim finds joy in observing the Ramadan fast, a fundamental obligation in Islam. We should not lose sight of the lessons it teaches: obedience to Allah, sharing our blessings with the needy, and being our brother’s keeper,” he said in a statement issued by his media assistant in Kano.

Speaking on the forthcoming general elections, Mr Gaya advised the electorate to vote for selfless leaders committed to national service and the welfare of Nigerians, describing the polls as a choice between progress and regression, stressing the need for voters to support candidates with verifiable achievements rather than empty promises.

He also urged Nigerians to remain mindful of their civic responsibilities by choosing leaders who demonstrate integrity, sincerity, and dedication.

According to him, the country’s future depends on the electorate exercising their voting rights wisely to elect leaders who understand the responsibilities of public office and approach them with humility, competence, and genuine commitment to service.

Mr Gaya expressed gratitude to Almighty Allah for His mercies and felicitated with the people of Ajingi, Gaya, and Albasu Local Government Areas, as well as Governor Abba Kabir Yusuf and Nigerians at large, on the successful completion of the Ramadan fast.

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