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Renewed Hope : Senate backs Umahi’s initiative on tax credit scheme of the Federal Ministry of Works, with the aim of bridging the gap in financing road infrastructure
In keeping with his commitment to the tenets of checks and balances and separation of powers emphasized by the Renewed Hope administration of the President of Nigeria,*His Excellency, President Asiwaju Bola Ahmed Tinubu GCFR* the Honourable Minister of Works, *His Excellency Sen Engr Nweze David Umahi CON* led the critical departments of his Ministry to honour the invitation of the Senate Commitee on Finance on an interactive session in respect of the funding of critical roads, NNPCL Funding and Infrastructure Development and Refurbishment Investment Tax Credit Scheme held at the Conference Room of the Senate on 22nd February 2024.
As part of the powers of oversight by the National Assembly, the Senate Commitee on Finance ably chaired by Distinguished Senator Mohammed Sani Musa, CON invited the Federal Ministry of Works to ascertain the level of performance of the funding of the road projects captured under the Tax Credit Scheme, the rationale behind the creation of the Federal Government’s Executive Order No. 007 of 2019 passed by the past administration and the constitutionality of the Executive Order, having regard to section 80 of the 1999 constitution of the Federal Republic of Nigeria as amended. As part of his remarks, the Senate Committee Chairman said, “We need to know the beneficiaries of that tax credit and the essence of the job that they have done today. Having said that, going also by what you said, funds should all come to the Federation account. Appropriation is a different thing. Road is not the only problem we have in this country. We equally have challenges with health and others. So when this money comes into the pool, the federation account, we can now appropriate accordingly”
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The subject of discussion, as it where, provoked different points of conversations by the Distinguished Committee members, after which the Hon. Minister of Works was given the floor to address the concerns raised by the committee members. He gave an overview of the structure and the status of the Tax Credit Scheme as well as the philosophy behind the creation of the Executive Order, which, according to the Honourable Minister, was a product of the decision by the National Economic Council under the past administration, designed to fill the funding gap in the road infrastructure development through fronting loading of Tax by the private sector to fund eligible road projects. According to the Hon. Minister, this scheme would incentivise the private sector to participate in the efficient and effective development of roads across their economic corridors and industrial clusters, which provide value for money. The programme, which has so far attracted funding for about 85 highway projects, is receiving funding from Dangote Industries, Nigerian Liquified Natural Gas Ltd (NLNG), Nigeria National Petroleum Petroleum Corporation Ltd (NNPCL),MTN Nigeria Telecommunications Ltd. He also spoke on the Ministry’s efforts in scopping the projects and making sure that design complies with the word’s best standards. He added that aggressive supervision was helping in ensuring quality project delivery across the nation.
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The Minister gave an example of Benin- Warri road being done under the Credit Scheme and explained the innovations introduced by the Ministry under him to bring enduring solutions to the road failures. He said. “Then we now have from Benin to Warri. That’s where some of the projects are listed. If you look at the documents we submitted, you will see that we analyzed the project zone by zone. And so we also looked at the nature of the roads from Benin to Wari. It’s also a very terrible situation. So we began to fight with the contractors, and I said there is no amount of asphalt you use on this road that will stand. So what we did was to excavate all the soil up to 1 meter depth, fill back with 500cm lumps, fill back with 400cm sand. And then now go back to fill with stone base, allow it for traffic to be on it. After 30 days, then you put an additional 10cm stone base. That is 55% cement. And then you have to use concrete.
He also said that the Presidential Infrastructure Development Fund ( PIDF) was established for other strategic and critical projects that are capable of carrying Average Daily Trafick of 10,000 vehicles per day, including Abuja- Kaduna-Zaria-Kano highway. According to the Honourable Minister, ” Mr. President has just approved that the critical projects under PIDF be funded. I’m still pushing for the release of money based on Mr. President’s directive, and that is for Abuja-Kaduna,-Zaria-Kano Highway, it is very key and very important to Mr. President. But I have an issue with Julius Berger Nigeria Plc and I’ve just set up a committee to go and jointly review the project because they are asking for N1.5 trillion for that 375-kilometer dualized road. And for me, it is not justifiable.”
The Distinguished Senators were generally happy with the explanations given by the Hon. Minister of Works on the importance of the Tax Credit Scheme and the Presidential Infrastructure Development Fund, the funding performance so far and why it may not come as an appropriation, being that the funds are still the money in the hands of the private sector front loaded for some years in the future.
The Senators spoke in turns starting from the former Chairman Senate on Works, *His Excellency Senator Mohammed A. Aliero*, who spoke in defence of the Tax Credit Scheme: “It (the Tax Credit Scheme) came because of the infrastructure deficit we have in the country, which budgetary provision can not be enough to meet it. If we continue budgeting the way we are budgeting, believe me, it will take us 30 to 40 years before we can complete road rehabilitation and other repairs. The only way we can do it is to look for extra funding. And to the best of my knowledge, the State Governors were fully involved in this tax related scheme. There was a meeting between the President and the Governors. The President told them that we have a very serious infrastructural deficit in the country, and the only way we can attend to it is to use tax credit. And they all agreed, ”
The Chairman of the Senate Committee on Finance, in his concluding remarks, said, “My conclusion is that the committee will look at all that we have just heard from you ( the Hon. Minister) and make our decisions. But based on what we have heard from you, we are convinced that the Tax Credit policy of the Federal Government is a welcome initiative, which is worthwhile and we believe that every exigency has a purpose for which that period needs. And that is what called for the Presidential Order. And what we will appeal to both NNPC, Federal Ministry of Works, and the contractors are to make sure that those projects are completed”
With this wonderful executive- legislature understanding and reciprocity in tackling the economic challenges facing the country, one can be sure that the administration of Mr. President is on the steady part of binging economic prosperity to our country.![]()
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Update : FG Outlaws Meter Installation Charges, Vows to Sanction Defaulters
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The Federal Government has banned electricity distribution companies and installers from collecting any form of payment for meters, warning that DisCo officials and installers found extorting customers will be prosecuted.
The Minister of Power, Adebayo Adelabu, issued the warning on Thursday during an on-site inspection of newly imported smart meters at APM Terminals, Apapa, Lagos.
Adelabu said the meters were procured under the World Bank–funded Distribution Sector Recovery Programme and must be installed for consumers free of charge, stressing that any demand for money would be treated as an offence.
Adelabu, who was received into the Apapa Port Command of the Nigerian Customs Service by Area Controller Emmanuel Oshoba, expressed happiness over the importation of another tranche of 500,000 smart meters under DISREP.
He said the meters would be given to all electricity customers, regardless of their band. “I want to mention that it is unprecedented that these meters are to be installed and distributed to consumers free of charge—free of charge! Nobody should collect money from any consumer. It is an illegality. It is an offence for the officials of distribution companies across Nigeria to request a dime before installation; even the indirect installers cannot ask consumers for a dime.
It has to be installed free of charge so that billings and collections will improve for the sector.
“The main objective of coming here today is to carry out a physical on-site inspection of shipments of smart meters that the Federal Government has imported under the World Bank-funded Distribution Sector Recovery Programme. This programme is supporting the Federal Government to import a total of about 3.4 million meters in two batches; the first batch is 1.43 million meters, out of which we have received close to about a million meters. Currently, almost 150,000 meters have already been installed across all distribution companies in the country.
“And what we have today is close to 500,000 meters that we just received. They are all smart meters, and I believe that the journey of completely eliminating the meter gap in the Nigerian power sector has just begun,” Adelabu said, even as he expressed dissatisfaction with the pace of metering.
Adelabu was optimistic that in a couple of years, every household, business, and institution would be fully metered so that billings and collections in the power sector would become more transparent, fair, and just. He added that it would also improve the readiness of electricity consumers to pay their bills, leading to improved liquidity in the sector.
“I’m quite excited and elated with what’s happening because it’s unprecedented. This is the first time in the history of this country that a government will be importing and locally buying this number of meters to ensure that the power sector is completely transformed. This is like walking the talk. Our target reform in the sector is not just verbal. Nigerians can see that this is real; it’s not just a promise of the tongue.
“We said it is free. We are not saying this behind closed doors. We are telling Nigerians that the distribution and installation of these meters in every location is free of charge, and it is declared an offence—an illegality—for any DisCo official or installer to request money from the beneficiaries of these meters. We will track and monitor this installation. We also await tip-offs. We have the regulatory commission (NERC), which has offices in some of these locations, and the state regulatory authorities also have offices in each state.
“We are going to open a customer complaint desk whereby, if you notice any such requests for illegal money, you report it, and the authorities will follow up. We are not leaving the installation to the DisCos alone; we’re also creating an interface between the installers and consumers to accelerate the pace of installation. We have some issues with the data and addresses of unmetered customers. We are working hand-in-hand with the DisCos to ensure clean data so that we can accelerate installation.
“We also want to maintain a register whereby unmetered customers can register their names. Once we have a list, we will validate it with the DisCos, improving the pace of installation. We are looking for confirmed cases of requests for money by any DisCo official or installer. Nigerians will know what we can do, and it will serve as a deterrent for others not to commit such an offence or illegality. That’s the plan.
“Extortion is not allowed, but there must be confirmed cases of such extortion, and the officials involved—no matter how high—will be prosecuted. It will be publicised and serve as a deterrent to others with similar intentions. We will not allow that. This is a government effort, and no activity of a DisCo or installer should frustrate government efforts to ensure that life is made easy for Nigerians and that we have a stable, reliable, and functional power sector,” he said.
Adelabu added that the Tinubu administration is resolving a decades-long problem that has affected liquidity. “But the boldness, courage, and political will of the government to go ahead with this should be commended. We will track it end-to-end to ensure that the government’s effort is well implemented and our desired objectives are achieved.
“The aggregate meter gap covers all categories of customers. We are not discriminating. We are prioritising every Nigerian, every customer, every electricity user. The issue of Band A, Band B, or Band C is temporary; it is our systematic way of ensuring this reform reaches everyone. The meters will be given to all levels of customers and not restricted to a single band. I am committing to that,” he stressed.
As journalists expressed doubts over the possibility of free meter distribution to customers, the Director-General of the Bureau of Public Enterprises, Ayo Gbeleyi, stated that the bureau coordinates the implementation of the Distribution Sector Recovery Programme on behalf of the Federal Government and serves on the boards of all 11 electricity distribution companies.
Gbeleyi said, “Regarding concerns that DisCos are delaying meter installations, you will soon see a new order or circular from the Nigerian Electricity Regulatory Commission prescribing the protocols and processes DisCos must follow to ensure unhindered access for meter installations.
“We are monitoring this. We have our dashboard, trackers, and all stakeholders’ hands on deck to ensure seamless and rapid deployment of these meters. One more thing—the meters here are manufactured to the specific requirements of each DisCo. They are inscribed on the meter, with an anti-theft protocol embedded. The configuration is for a particular DisCo, so a meter configured for Eko DisCo cannot be installed in Ibadan.”
Speaking, the Chairman of Mojec, Mojisola Abdul, said the meters supplied by the Federal Government are designed to genuinely generate more revenue for the country and supply more power.
“I’m telling you, physically, we have installed almost 150,000 meters, and they are free. Don’t give anybody money. You are not allowed. We had a meeting Wednesday with the minister and the DG of BPE about further progress on making it easy for every Nigerian. We are calling it mobile registration of free meters. If you register today, your meter will be installed within three days,” she said.
On the delay in meter installations after months of application and payments made, the minister reassured, “This is our country. It is valid that there will be apprehensions and reservations because of past experiences. Previously, there was limited meter availability, and payment was required.
“But this programme has two advantages: first, the volume is now sufficient—we have received almost 1 million meters, with another 1.55 million meters coming in the second phase. Second, the meters must be installed free of charge. The complications experienced in the past will be completely eliminated. We had a meeting on Wednesday for almost two to three hours to discuss all existing complications and foreseeable difficulties, and I assure you we already have effective solutions to all these problems.”
Adelabu also visited the National Meter Test Station in Oshodi, where meters are tested by the Nigerian Electricity Management Services Agency to ensure they meet required standards. Nigeria currently has over five million customers under estimated billing.
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Impeachment Saga : Rivers Chief Judge Acknowledges Assembly’s Submissions Against Fubara
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….Gov throws jibe, describes impeachment notice as ‘love letter’
Vows to avoid actions capable of breaching peace
The office of the Rivers State Chief Judge, Justice Simeon Amadi, has received the letter from the State House of Assembly requesting him to constitute a seven-man committee to probe the allegations of gross misconduct leveled against the state Governor, Sir Siminalayi Fubara and his Deputy, Prof. Ngozi Odu.
The House of Assembly Committee Chairman on Petitions, Information and Complaints, Dr Enemi George, confirmed that the Chief Judge had acknowledged receipt of all the documents.
Also received by the CJ’s office were other documents detailing the allegations of gross misconduct against the governor and the deputy governor, copies of the Rivers State Impeachment Panel (Conduct of Investigations) Procedure 2025 and photocopies of The Nation, The Guardian and The Sun, among others.
George said: “It is important to inform the good people of Rivers State that Mr. Speaker has already complied with the Constitution and letters sent by him to the Chief Judge have been received and acknowledged.
“All relevant documents including the Notices of Allegations of Gross Misconduct were attached”.
He added: “Every step going forward, what can happen or what cannot happen is clearly stated in Section 188 of the Constitution.
“The good people of Rivers State should remain calm and should not listen to those who want to truncate our democracy.”
He commended and thanked the good people of Rivers State for their support and prayers for the 10th Assembly in particular and Rivers people at large.
The Rivers State High Court sitting in Oyigbo Local Government Area has however issued an interim injunction restraining the CJ from receiving, forwarding, considering or acting on any request, resolution, articles of impeachment or any form of communication from Speaker Martin Amaewhule and other members of the State House of Assembly for the purpose of constituting a panel to investigate the alleged misconduct against the governor and his deputy.
They just landed me a ‘love letter’, says Fubara
Governor Fubara, in a veiled reference to the impeachment notice, called it a love letter.
“This 2026 that I thought would have been the finest, they just landed me a love letter,” he said while speaking as special guest during the finals of the 2026 Port Harcourt Polo Tournament in Port Harcourt, the Rivers State capital.
He added:”That notwithstanding, we must move on and carry on the responsibilities as a government. We will continue to support everyone who means well for Rivers State.”
He vowed that he would not support, directly or indirectly, any action capable of undermining peace and safety in the state.
He insisted that the protection of lives and property remained the primary responsibility of his administration.
He emphasised that he remained the governor of the state and would continue to deliver on the promises made to the people.
Fubara expressed satisfaction that the 2026 Port Harcourt Polo Tournament was held for one week without any incident.
He described the peaceful conduct of the event as a clear indication that Rivers is safe for residents, visitors and investors.
A supporter of the governor, Amb.Chijioke Ihunwo, asked the assembly members to perform their functions independently.
He pleaded with President Tinubu to intervene on the matter, insisting that the governor had done nothing to warrant his removal.
He said: “This assembly must remain independent to allow peace to prevail in the state.
“Governor Fubara has done nothing to warrant his removal. President Tinubu should intervene in this matter as the leader of the party.”
The high powered committee set up by the Pan Niger Delta Forum (PANDEF) to reconcile the feuding sides in the Rivers imbroglio is said to be working round the clock to stop the planned impeachment.
The committee members have already met with Federal Capital Territory (FCT) Minister Nyesom Wike in Abuja and separately with Fubara and some other stakeholders.
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Alleged Arms Discovery: Malami Faces DSS Probe as EFCC Denies Victimisation
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Economic and Financial Crimes Commission (EFCC) chairman Ola Olukoyede has faulted the persecution claim by the immediate-past Attorney-General of the Federation and Minister of Justice, Mallam Abubakar Malami (SAN).
He described it as unfortunate that some Nigerians were buying into the narrative when Malami’s probe started before his appointment.
Malami is standing trial alongside some family members on 16 counts of money laundering involving about N8.7 billion.
Speaking on a national television yesterday, Olukoyede dismissed Malami’s claim of vendetta against him, saying the commission has not wavered in investigating and prosecuting those suspected to have been involved in corruption cases.
“There’s nothing like that. The particular case predated my appointment. And, I didn’t give a nod to initiate proceedings until I found that we have a water-tight investigation,” he said.
The EFCC boss denied being indicted by Justice Ayo Salami’s panel.
Olukoyede said: “I challenge those making such claims of indictment against me by Justice Ayo Salami Panel to publish the report.
“Let me tell Nigerians that the commission’s investigation panel cleared me of any wrongdoing. The presidency at the time also cleared me. Also, the law enforcement agencies handed me a clean bill.
“I can say clearly that there’s no report anywhere that I’ve been involved in any fraudulent dealings, whether as the commission’s chief of staff, secretary, and now, the chairman of the commission.”
Noting that the commission, under his watch, made notable achievements last year, he said: “Our big win in 2025 was our ability to review and revive old cases that Nigerians thought were dead.
“Some of the cases affect past governors and ministers, and many such cases are in courts.
“We were able to recover assets. Nigerians are aware of the Lokogoma assets. One major recovery was a university.”
The EFCC recovered Nok University in Kachia, Kaduna, after a court ordered its final forfeiture because it was built with stolen public funds by a former civil servant.
It was converted to the Federal University of Applied Sciences,
Immediate-Past Attorney-General of the Federation and Minister of Justice, Mallam Abubakar Malami (SAN), is facing a fresh investigation over the arms and ammunition found in his house.
Newsthumb learnt that the arms were uncovered at his Kebbi country home by the operatives of the Economic and Financial Crimes Commission (EFCC) during a search.
The anti-graft agency, it was further learnt, handed them over to the Department of State Service (DSS) for a comprehensive probe because it is not within its remit to do so.
The number of arms and ammunition could not be immediately ascertained, but it was gathered that they are high in number to attract a full DSS investigation.
Malami, who was granted bail last week along with his sons – Abdulaziz, Abiru-Rahman, and others – is still in the Kuje correctional centre, having been unable to perfect his bail conditions.
But, sources said he might be taking things slowly to stall the DSS investigation into the weapons found in his house.
“The former minister is being separately investigated for allegedly having arms in his house in Birnin Kebbi. The inventory of the shock find has been handed over to the DSS.
“It is now left to Malami to explain to the DSS how he came about the arms. That’s why he is yet to perfect his bail conditions. He is holed up in prison to avoid arrest by the DSS.
“DSS operatives are within the precincts of Kuje Correctional Service to invite Malami. He got wind of their presence and raised the alarm. But the law must take its course.”
Another source within the EFCC said Malami had yet to meet his bail conditions.
“By our records, the ex-AGF is still in custody. We saw all manners of fake clips on social media on his purported arrival and rousing reception in Kebbi State,” the source said.
The source added: “The investigation into Malami’s activities during his tenure began when former EFCC Acting Chairman Ibrahim Magu was in office.
“Investigation continued through the administration of another Acting Chairman, Ibrahim Chukkol, to the present Executive Chairman. Chukkol, who works in the agency, was in charge briefly before Olukoyede’s appointment.
“There is nothing vindictive about his investigation since 2019. It is an inherited case, and the ex-AGF knows this.”
Olukoyede confirmed that he inherited the Malami case during an interview last night on a national television.
A Federal High Court in Abuja last week ordered the interim forfeiture of 57 assets linked to Malami and his two sons.
The assets have been valued at N213, 234,120,000.
The court has, however, given Malami and the sons or any other claimant a 14-day leave to show proof that the assets were legally acquired.
Failure to present legitimate claims within 14 days may lead to the permanent loss of the assets to the Federal Government.
The court’s order was based on the invocation of the Non-Conviction Asset Forfeiture Clause in the EFCC Establishment Act.
The EFCC had applied to the Federal High Court to seize the suspicious properties in Abuja, Kano, Kaduna, and Birnin-Kebbi.
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