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We inherited over N200bn debt on projects – Fubara

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Siminalayi Fubara, Rivers State Governor, has revealed that his administration inherited 34 uncompleted projects valued at over N225.279 billion spread across 13 local government areas of the state.

 

The governor also disclosed that under his watch, the Rivers State Government had awarded nine new road projects, valued at N534.332billion.

 

This is even as he described as vicious and existential in nature, the political crisis that was waged against his administration, barely three months after take off on May 29, 2023.

 

The governor, however, said the worst was over because his administration has successfully defended the rights and privileges to govern the state and advanced its progress in liberty and freedom without compromise.

 

Governor Fubara said these while presenting an Account of Stewardship and Scorecard to mark One Year Anniversary of his administration at Dr Obi Wali International Conference Centre in Port Harcourt, on Wednesday.

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The Governor said: “We started this journey with a bang. We were focused. We were determined to make the change we promised with a sense of urgency.

 

“But then, somehow, we suddenly found ourselves in the cesspit of crisis barely three months into our tenure. It was not just an ordinary political crisis. It was a vicious existential crisis. But thank goodness, the worst is over. We have successfully defended our rights and opportunity to govern our State and advance its progress in freedom, and we will continue to prevail.”

 

Governor Fubara stated that since then, a lot has changed in the political landscape, adding that he remains committed to the covenant taken a year ago to put Rivers State first, defend its interest, and ensure that the people get the dividends of democracy and good governance.

 

He said, “For us, any government worth its name must be accountable, responsive, and responsible for the security and well-being of the people.

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“Having managed the affairs of our State for one year, including dispensing public resources, it is only proper that we render account with a public presentation of our performance record.

 

“I am, therefore, pleased to stand before you to present our Scorecard for the first year we have been in office as the Executive arm of the Government of Rivers State.”

 

Governor Fubara reflected on his promise to deliver on the core priorities of economic growth, infrastructure, healthcare, education, and agriculture, as contained in his Blueprint as a resolve to building a virile, resilient, and progressive State that caters to the needs of the people.

 

The Governor said, he was proud to report that, despite the unprecedented challenges, his first one year in office has witnessed significant achievements visible to everybody.

 

Governor Fubara particularly said that he inherited a State, whose economy was on a declining trajectory despite its growth potentials, but within one year of his administration, the negative narrative has changed for the better.

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23 killed, 108 injured as multiple bomb explosions rock Maiduguri

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The Borno state police command has confirmed 23 persons dead, with 108 injured, following bomb blasts in three locations in Maiduguri.

The bombs, which went off at about 7:24pm on Monday, hit a main market, the gate of the University of Maiduguri Teaching Hospital, and the Post Office flyover.

A statement signed by Nahum Daso, the command spokesperson, said “preliminary investigation reveals that the incidents were carried out by suspected suicide bombers”.

“Regrettably, a total of twenty three (23) persons lost their lives, while one hundred and eight (108) others sustained varying degrees of injuries,” the statement reads.

“Following the incidents, a combined team of Police Tactical Units, the Military, and other Joint Security Operatives were swiftly deployed to the affected areas.

“The scenes were immediately secured, cordoned off, and subjected to thorough sweep operations by Police Explosive Ordnance Disposal (EOD) Unit Base 13 Maiduguri to rule out the presence of any additional threats.

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“The Commissioner of Police, CP Naziru Abdulmajid, psc, visited the affected locations to conduct an on-the-spot assessment of the situation and to evaluate ongoing response efforts.

“He commiserated with victims and their families, while assuring the public of the Command’s unwavering commitment to safeguarding lives and property.”

Daso said victims were promptly evacuated to medical facilities by emergency responders, including the National Emergency Management Agency (NEMA) and the State Emergency Management Agency (SEMA).

According to the police, normalcy has been fully restored in the affected areas. The force also said investigations are apace.

“Meanwhile, joint security operatives have heightened security presence and surveillance across Maiduguri and its environs to prevent any further occurrences,” the statement added.

“Investigations are ongoing to further ascertain the circumstances surrounding the incidents and to bring perpetrators to justice.

“The Borno State Police Command urges members of the public to remain calm, vigilant, and to promptly report any suspicious movements or objects to the nearest security agency.”

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Babagana Zulum, governor of Borno, called for calm following the explosions.

In a statement on Monday, Zulum condemned the attacks, describing them as “utterly condemnable, barbaric and inhumane”.

The governor said targeting civilians and places of worship is unacceptable, especially at a time when Muslim faithful are observing acts of devotion.

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Tinubu, wife begin state visit to UK Tuesday

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President Bola Tinubu, accompanied by his wife, Senator Oluremi Tinubu, will today, Tuesday, March 17, depart Abuja for a state visit to the United Kingdom as guests of their Majesties King Charles III and Queen Camilla.

King Charles will host President Tinubu and his wife at Windsor Castle from Wednesday, March 18, to Thursday, March 19.

The state visit is the first by a Nigerian leader in 37 years.

“President Tinubu is also the first Nigerian leader to be hosted by the British monarch at Windsor Castle,” the Presidency disclosed in a statement on Monday evening.

Nigeria and the United Kingdom share a deep history of ties and a special bond.

The Presidency explained that the purpose of this visit was to strengthen bilateral relations and explore avenues for collaboration on issues such as immigration, trade, investment, and cultural exchange.

It said that while at Windsor Castle, the UK monarchs would invite the President and his wife to view a special exhibition of items from the Royal Collection related to Nigeria.

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King Charles and Tinubu will also hold private discussions and meet with organisations engaged in interfaith dialogue, both nationally and internationally.

The Royal Family will host a state banquet in honour of the Nigerian guests.

“President Tinubu will also hold a bilateral meeting with Prime Minister Keir Starmer at 10 Downing Street, which will lead to expanded bilateral engagement between senior officials of the two countries.

“The meeting will culminate in the signing of various Memoranda of Understanding and agreements, including those on trade, investment, defence, and cultural cooperation.

“President Tinubu will witness the signing of the landmark £746 million financing deal between the UK Export Finance (UKEF) and the Nigerian Ports Authority (NPA) and Federal Ministry of Finance to support the refurbishment of two of Nigeria’s major national maritime infrastructure – the Lagos Port Complex (Apapa Quays) and the Tin Can Island Port Complex.

“The President will be the guest of honour at the Nigerian Modernism exhibition, showcasing modern arts and culture, and will also attend a reception with Nigerian and British business leaders and the diaspora community,” the statement signed by Tinubu’s media aide, Bayo Onanuga, partly read.

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Members of the President’s entourage include Senate President, Godswill Akpabio; Attorney General and Minister of Justice, Prince Lateef Fagbemi SAN; Minister of Solid Minerals, Dele Alake; Minister of Information and National Orientation, Idris Mohammed, Minister of State for Foreign Affairs, Bianca Ojukwu; Minister of Finance and Coordinating Minister of the Economy, Wale Edun; and Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole.

Others are Minister of Culture and Creative Economy, Hannatu Musawa; Minister of Communications and Digital Economy, Bosun Tijani; Minister of Defence, General Christopher Musa (retd.); National Security Adviser, Malam Nuhu Ribadu; and Director-General of the National Intelligence Agency, Mohammed Mohammed.

President Tinubu will return to the country at the conclusion of the state visit.

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Tinubu swears in Taiwo Oyedele as minister

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President Bola Tinubu, on Monday, administered oath of office to Taiwo Oyedele as minister of state for finance.

The ceremony was held about 2:30pm in the president’s office at the State House in Abuja.

Congratulating the new minister, Tinubu thanked Oyedele for accepting the responsibility to serve the country, and praised his dedication and role in shaping Nigeria’s tax reforms.

He described the minister as “a very dedicated and highly determined individual,” adding that it did not take long for him to decide where the appointee would best serve in government.

“You are just a very dedicated and highly determined individual. It didn’t take much for me to decide where you fit and where you need to be to further help the country,” the president said.

Tinubu acknowledged the complexity of the assignment, noting that overseeing fiscal policy and responsibility at a time when Nigeria is pursuing economic stability requires strong leadership.

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Oyedele’s swearing-in comes five days after the senate confirmed his nomination.

The confirmation followed a screening session during which the tax expert pledged to pursue fiscal reforms aimed at improving government revenue, ensuring realistic budgeting, and strengthening Nigeria’s economic management framework.

Tinubu had earlier forwarded Oyedele’s nomination to the senate in a letter dated March 3, 2026, in accordance with section 147(2) of the 1999 constitution.

A native of Ikaram-Akoko in Ondo state, the 50-year-old fiscal policy expert has over two decades of experience in public finance and tax administration.

Before his appointment, Oyedele chaired the presidential committee on fiscal policy and tax reforms, inaugurated in August 2023.

Under his leadership, the committee developed four major tax reform bills aimed at simplifying Nigeria’s tax system.

The reforms also introduced incentives including zero income tax for Nigerians earning N800,000 or less annually and tax exemptions for small businesses with an annual turnover of under N50 million.

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The four bills — the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and Joint Revenue Board (Establishment) Bill — were passed by the national assembly in 2025 and signed into law by the president on June 26 of the same year.

The new tax regime took effect on January 1, 2026.

Oyedele previously spent 22 years at PricewaterhouseCoopers (PwC), where he rose to become fiscal policy partner and Africa tax leader.

He holds a higher national diploma in accountancy and finance from Yaba College of Technology and a bachelor’s degree in applied accounting from Oxford Brookes University in the United Kingdom.

The economist has also attended executive programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.

Oyedele currently lectures at Babcock University and serves as a visiting scholar at Lagos Business School.

He replaces Doris Uzoka-Anite, who was recently redeployed to the ministry of budget and national planning as minister of state — her third portfolio under the Tinubu administration.

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During his senate screening, Oyedele said his appointment was “a call to serve at a time of great economic challenges and opportunities,” pledging to contribute to Nigeria’s fiscal management.

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