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Reps Raise Alarm Over Sugar Import Figures, Revenue Flow to NSDC
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By Gloria Ikibah
The House of Representatives has flagged inconsistencies in the reported volume of sugar imported into Nigeria and the revenue linked to the National Sugar Development Council during an ongoing review of government earnings.
The concern emerged during the House Committee on Finance revenue monitoring exercise covering the 2023–2025 fiscal years.
The session brought the Executive Secretary of the National Sugar Development Council, Kamar Bakrin, before lawmakers to clarify issues surrounding sugar importation and the sector’s financial contributions to government coffers.
Leading the inquiry, the Chairman House Committee on Finance, Rep. James Faleke, questioned the reliability of the import figures presented by the council. Lawmakers indicated that the data submitted might not accurately reflect the real quantity of sugar entering the country.
In response, the Executive Secretary of the council, Bakrin explained that it does not directly collect revenue from sugar imports. Instead, the responsibility for collecting the statutory sugar levy rests with the Nigeria Customs Service at the nation’s ports, after which the funds are transferred into designated government accounts.
He also clarified that the council’s involvement in the importation process is largely regulatory. Companies seeking to bring raw sugar into the country are required to obtain import licences, which are issued based on recommendations from the council after evaluating the compliance and performance of operators and processors within the industry.
“These recommendations are subsequently forwarded through the supervising ministry for final approval by the President.
“Within the review period, approvals were granted for the importation of about two million metric tonnes of raw sugar”, he said.
The ES further explained that its activities are funded mainly through a portion of the sugar levy collected by the Nigeria Customs Service. Releases for its operations are made periodically by the Office of the Accountant General of the Federation in line with appropriations approved by the National Assembly.
“To finance its programmes and sector development initiatives, the council typically submits quarterly requests to the Accountant General’s office for the release of funds allocated to it”, he added..
However, the committee chairman maintained that the council must establish a more reliable mechanism for verifying the actual volume of sugar imported into the country.
According to him, “relying solely on figures supplied by the Nigeria Customs Service may lead to discrepancies and could ultimately affect the accuracy of government revenue records”.
Faleke cautioned that the data currently available to the council appears to underestimate the true quantity of sugar entering the Nigerian market, raising concerns about potential revenue leakages.
He therefore urged the NSDC to strengthen its monitoring and reconciliation framework with relevant agencies, particularly the Nigeria Customs Service, to ensure accurate data management and greater transparency within the sector.
The chairman stressed that proper tracking of imports is critical for effective revenue generation and accountability.
Meanwhile, the committee also directed the Nigerian National Petroleum Company Limited (NNPCL) to provide detailed information on Nigeria’s oil assets and equity participation in oil wells across the country.
Faleke specifically instructed the organisation’s Financial Controller, Tajudeen Karim, to submit a comprehensive breakdown of all oil wells in which Nigeria has equity participation.
The committee requested a detailed list indicating the ownership structure of the wells, including those operating under Joint Venture (JV) arrangements, Production Sharing Agreements (PSAs), and wholly owned assets.
According to Faleke, the information should also include production volumes from each well and the corresponding share accruing to Nigeria under the applicable agreements.
“They do that under certain laws or agreements which they sign with you. In some cases we have percentage shareholding 60/40, 50/50 and there are wells that are 100 per cent owned. You have to identify them separately,” Faleke said.
He added that once the committee receives the full list of oil wells and their shareholding structures, the NNPCL would be required to present production data alongside Nigeria’s equity share in line with the contractual agreements governing each asset.
Faleke further directed that all the requested information must be properly reflected in supporting documents submitted to the committee to enable effective verification.
The committee stated that the ongoing exercise forms part of the National Assembly’s oversight responsibility to ensure transparency, accountability, and proper remittance of revenues by government agencies into the Federation Account.
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Just in: Kwara traditional ruler reportedly dies in kidnappers hideout after demand of N21m ransom
The traditional ruler of Olayinka community in Ifelodun Local Government Area of Kwara State, Oba Salman Olatunji Aweda, has been confirmed dead after his abductors reportedly demanded ₦21 million, two new motorcycles and a jerrycan of petrol for his release.
The monarch’s death was confirmed in an emotional voice message obtained by Sahara Reporters from a member of a committee involved in efforts to secure his freedom.
In the message, the committee member announced the development to residents of Olayinka community, saying several efforts made by family members, residents, community leaders and religious figures to rescue the monarch were unsuccessful.
The committee member described the death as the will of God and urged residents to accept the development.
He said, “Allah in His mercy said in the Holy Qur’an that we all human beings on earth belong to Him, and to Him we shall return, whether when we expect it or when we do not expect it.
News
HoR move to address security challenges, strengthen military architecture
By Ojomah Austin.
The House of Representatives on Monday commenced a two-day public hearing on a series of defence-related bills aimed at strengthening Nigeria’s military architecture, improving the welfare of service personnel and retirees to combat security challenges.
Speaking at the opening of the hearing at the National Assembly Complex, Speaker of the House of Representatives, Abbas Tajudeen, described the proposed legislation as a direct response to Nigeria’s evolving security challenges and a key component of the 10th House Legislative Agenda.
Abbas noted that the country continues to grapple with insurgency in the North-East, banditry and kidnapping in the North-West, farmer-herder conflicts in the North-Central, separatist agitations in the South-East, as well as emerging threats such as maritime piracy, cyber warfare, and organised crime linked to terrorism.
“We cannot pretend that our nation is at ease. Our Armed Forces are stretched, yet they remain our first and last line of defence,” the Speaker said.
He explained that the bills under consideration seek to strengthen the legal and institutional frameworks governing the military, making it more resilient, accountable, inclusive and capable of responding to modern security realities.
Among the bills before the committee are proposals for the establishment of an Armed Forces Farms and Ranches Scheme to promote food security in conflict-prone agricultural areas, legislation to improve gender representation in the Armed Forces, a comprehensive repeal and replacement of the Armed Forces Act through a new Nigerian Military Force Bill, and a bill to establish a Veterans’ Federation of Nigeria to improve support for retired military personnel.
The Speaker stressed that the hearing was not intended as a “rubber stamp” exercise but a platform for robust and evidence-based engagement.
“I give you my word every memorandum will be read, every oral presentation will be noted, and all relevant contributions will be considered and, where applicable, incorporated into the final reports and bills,” Abbas assured stakeholders.
He urged serving and retired military personnel, civil society organisations, gender advocates, legal experts and ordinary citizens to actively participate in the process, emphasizing that legislative innovation was necessary to address the country’s complex security challenges.
Abbas also commended the House Committee on Defence for organising the hearing and expressed confidence in its ability to conduct a transparent and fair process.
“We are here to serve the Nigerian people and to produce legislation that will make our Armed Forces more professional, more accountable, more gender-sensitive, and more effective in protecting lives and property,” he said.
In his welcome address, Chairman of the House Committee on Defence, Babajimi Benson, described the public hearing as a critical democratic exercise designed to ensure stakeholder participation in the lawmaking process.
According to Benson, defence legislation directly impacts national sovereignty, military effectiveness, operational readiness and the safety of Nigerians, making public input essential.
“The importance of public participation becomes even more significant when dealing with matters of defence and national security,” he said.
He explained that the bills address key areas including military education and professional development, joint operational effectiveness, medical training and healthcare support, strategic research and doctrine development, military governance reforms, food security initiatives, veterans’ welfare and inclusiveness within the Armed Forces.
“Collectively, these proposals represent an important effort to build a stronger, more professional, innovative and future-ready military institution,” Benson stated.
The lawmaker encouraged stakeholders to make oral presentations and submit memoranda, assuring them that all submissions would be carefully reviewed by the committee.
He also paid tribute to officers and soldiers of the Armed Forces of Nigeria for their dedication and sacrifices in safeguarding the nation despite difficult operating conditions.
The hearing also witnessed strong reactions from some veterans who expressed reservations about aspects of the proposed Veterans’ Federation of Nigeria Bill.
Supporters of the proposed (VFN) Bill urged lawmakers to adopt a framework they said aligns with international best practices for veterans’ welfare and representation.
In a policy brief submitted to the Committee, G.A Olonisakin speaking on behalf of veteran stakeholders argued that the debate surrounding the bill should focus on facts, global standards and the welfare of Nigerian veterans rather than on institutional sentiments or nomenclature.
The memorandum noted that in countries such as the United States, the United Kingdom, Canada and Australia, veterans’ organisations such as the American Legion, the Royal British Legion and the Royal Canadian Legion operate as non-governmental charitable associations rather than statutory government bodies.
According to the submission, responsibility for veterans’ welfare in those countries rests with dedicated government agencies, including the United States Department of Veterans Affairs, Veterans Affairs Canada, the United Kingdom’s Office for Veterans Affairs and Australia’s Department of Veterans Affairs.
The stakeholders further argued that Nigeria’s current arrangement, in which the Nigerian Legion combines the roles of both an association and a statutory government body, is uncommon internationally.
They maintained that the proposed VFN model would bring Nigeria closer to global standards by creating a government-driven umbrella body for veterans while preserving the identities of existing associations.
“The proposed Veterans Federation of Nigeria follows international practice by creating one umbrella body for all veterans and veterans’ associations, ensuring inclusiveness across Army, Navy and Air Force veterans, strengthening welfare coordination and improving engagement with government,” the memorandum stated.
The submission also sought to allay fears that the bill would undermine the Nigerian Legion, stressing that the federation would not erase the Legion’s history, traditions or identity.
Rather, it said, the Nigerian Legion would continue to exist as one of the recognised constituent bodies within the proposed federation alongside other veterans’ associations.
The position contrasted with concerns raised by some retired personnel who argued that the bill concentrates leadership positions in the hands of senior officers and called instead for the establishment of a standalone Ministry of Veterans Affairs headed by veterans.
The differing perspectives highlighted the intense interest among stakeholders in shaping the future structure of veterans’ welfare and representation in Nigeria, one of the key issues under consideration during the two-day public hearing.
Also a retired non-commissioned officer and legal practitioner, Sadiqe Nwabuezeh who identified himself as a former sergeant in the Nigerian Army, argued that the draft legislation was overly tilted in favour of senior military officers and failed to adequately accommodate the interests of rank-and-file veterans.
According to him, provisions of the bill appeared to reserve key leadership positions for retired senior officers, including the office of the Director-General, which he said was proposed to be occupied by a retired major general.
He urged lawmakers to reject the bill in its current form and instead consider the establishment of a dedicated Ministry of Veterans Affairs that would be managed by veterans themselves.
“The bill was not properly prepared. It was rushed and concentrates power in the hands of senior officers. We want a level playing ground where all veterans, regardless of rank, can participate in leadership and decision-making,” he told the hearing.
The retired soldier further questioned the involvement of serving military personnel and civilians in handling veterans’ affairs, arguing that retired personnel were best positioned to manage issues affecting former service members.
He maintained that veterans should have greater control over institutions established for their welfare and called for reforms that would guarantee broader representation across all ranks of retired military personnel.
The submission added to a range of perspectives presented by stakeholders as lawmakers continued deliberations on proposals aimed at reforming military administration, strengthening veterans’ welfare and enhancing the effectiveness of Nigeria’s defence sector.
The two-day hearing is expected to produce recommendations that will guide the House Committee on Defence in finalising the bills before their consideration by the House of Representatives.
News
Just in: Nigeria’s inflation rises in three consecutive months
By Ojomah Austin.
Nigeria’s inflation rose for the third consecutive month to 15.93 percent in May 2026 from 15.69 percent recorded in April.
The National Bureau of Statistics disclosed this in its Consumer Price Index and inflation data released on Monday.
This means that in May, the country’s inflation rose on a month-on-month basis by 1.75 percent.
Also, the report showed that food inflation also skyrocketed to 16.96 percent in May, up from 16.06 percent recorded the previous month.
“In May 2026, the headline inflation rate on a month-on-month basis was 1.75 percent, which was 0.39 percent lower than the rate recorded in April 2026 (2.13 percent).
On a year-on-year basis, the headline inflation rate rose to 15.93 percent, up from 15.69 percent in April 2026 and down from 26.06 percent in the same month of the preceding year May 2025.
The Food inflation rate in May 2026 on a month-on-month basis was 2.98 percent, down by 0.65 percentage points from April 2026 (3.63 percent). On a year-on-year basis, it was 16.96 percent and stood at 24.55 percent in the same month of the preceding year, May 2025”.
Recall that the headline inflation rate dropped in March and April, respectively.
Recall the Central Bank of Nigeria retained the country’s interest rate 26.50 percent in its 305th Monetary Policy meeting.
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