The May 29, 2019 swearing-in ceremonies have come and gone. Now is the time for the newly-sworn in officials to roll up their sleeves and get busy. In the meantime, we are focusing on all the first time state governors and their states’ Internally Generated revenue (IGR) figures. Will these men be able to manage the affairs of these states? Well, we will find out in the course of the next four years.
Lagos State Governor
Babajide Olusola Sanwo-Olu (born June 25, 1965) is a graduate of the University of Lagos. He also studied at the London Business School, Lagos Business School, and the John F. Kennedy School of Government. Prior to his gubernatorial ambition, he was the Managing Director/CEO of Lagos State Property Development Commission (LSPDC).
Babajide Olusola Sanwo-Olu served as a treasurer at the former Lead Merchant Bank from 1994 to 1997 after which he moved to the United Bank for Africa as the head of foreign money market.
On public service, Babajide Olusola Sanwo-Olu began his political career in the year 2003 when he was appointed as a Special Adviser on Corporate Matters to the then Deputy Governor of Lagos State, Femi Pedro. He was the Acting Commissioner for Economic Planning and Budget until 2007 when he became the Commissioner for Commerce and Industry, upon his appointment by then Governor, Bola Tinubu.
After the General Elections of 2007, Babajide Olusola Sanwo-Olu was appointed Commissioner for Establishments, Training and Pensions by Governor Babatunde Fashola. Babajide Olusola Sanwo-Olu was made Managing Director/CEO of the Lagos State Development and Property Corporation (LSDPC) by (former) Governor Akinwunmi Ambode in 2016.
Ogun State Governor
Dapo Abiodun (born 29 May 1960) is a Nigerian businessman and politician. He is the board Chairman of the Corporate Affairs Commission (CAC), managing director of Heyden Petroleum, and the founder of First Power Limited.
The Governor studied civil engineering at the Obafemi Awolowo University Ife, Osun State. He later studied accounting at Kennesaw State University, Atlanta Georgia, United States of America (USA). He also holds an Honours et Doctorate Degree in Finance from Ekiti State University, Ado Ekiti, Ekiti State and another in Business Administration from Adeleke University, Ede, Osun State.
Kwara State Governor
Abdul Rahman Abdul Razaq (born February 5, 1960) is a businessman and philanthropist turned politician. Abdul Rahman’s desire to serve his people began in 2011 when he ran for the office of Kwara State Governor under the defunct Congress for Progressive Change (CPC).
Born in Zaria into the family of the first lawyer from the country’s northern region, Abdul Ganiyu F. (AGF), Abdul Razaq (SAN) hails from Ilorin West Local Government, which is in the Kwara Central Senatorial District of the state. Abdul Rahman attended Capital School Kaduna between 1966 and 1968, Bishop Smith Memorial School Ilorin between 1970 and 1971, and Government College Kaduna where he sat for his West African School Certificate Examination (WASCE).
As a young man, Abdul Rahman opted to become an entrepreneur. As a result, he made no effort at higher educational degrees, except for the several short executive management courses he undertook. Abdul Rahman’s innate entrepreneurial spirit drove him to make history at the age of 31 when he founded Nigeria’s first indigenous oil and gas trading companies, NOPA Oil Services and First Fuels. Note that this was the first indigenous company to lift crude oil and petroleum products to the United States, Europe, and Asia.
He is renowned for his immense knowledge of the petroleum industry and his managerial skills/competence which cut across agriculture, construction, information technology, shipping, and real estate. He is a consultant to various multinational oil companies and governments including Ghana and Cote D’Ívoire.
Gombe State Governor
Muhammad Inuwa Yahaya (born October 9, 1961) is a Nigerian businessman and politician. He is (today) the Governor of Gombe State under the platform of the All Progressive Congress (APC).
After elementary schooling and secondary education, he enrolled at Ahmadu Bello University, Zaria for his tertiary education where he obtained a Bachelor of Science Degree in Accounting in 1983.
His first appointment was with the Bauchi State Investment and Property Development (BSIPDC) as an Accountant. After acknowledged service and commitment to work, he later became the Principal Accountant of the same company. He joined Nasara Motors Limited, his family business, as an Administration and Finance Manager and later became the Managing Director of Nasara Group of Companies.
In 2003, he was appointed as Commissioner for Finance and Economic Development by Governor Muhammed Danjuma Goje.
Oyo State Governor
Oluseyi Abiodun Makinde (born 25 December 1967) is a Nigerian businessman, politician, and philanthropist. He is an Engineer and a subject matter expert on fluid and gas metering. He is the group managing director of Makon Group Limited, an indigenous oil and gas company in Nigeria.
He established his first oil and gas private business called Makon Engineering and Technical Services, (METS) at the age of 29 in the year 1997, after earning years of work experience with international oil and gas companies.
In 1998, Oluwaseyi trained at Industrial Control Services in Houston, Texas on Safety Shutdown System. He also studied Development of Analytical Competence for Managing Operations at Lagos Business School (now Pan-Atlantic University) in 1999. In 2000, he received training in automation. In 2002, he studied Fundamentals of Crude Sampling at Jiskoot Auto Control Training Centre, Kent, England. Also, in 2005, he studied Understanding and Solving Complex Business Problems at Massachusetts Institute of Technology (MIT), USA.
Zamfara State Governor
Bello Matawalle (born on December 12, 1969) attended Maradun Township Primary School and finished in 1979. For tertiary education, he finished from Yaba College of Technology, Lagos and proceeded to Thames Valley University, London.
Before joining politics, he worked at the Ministry of Health as a teacher in Moriki and Kwatarkoshi. He joined politics in 1998 under the defunct United Nigeria Congress Party (UNCP). Bello Matawalle once served as commissioner for Local Government and Chieftaincy Affairs, commissioner for Environment and Rural Development.
Between May 1999 and 2003, Bello Matawalle served as commissioner for Youth and Sport.
Adamawa State Governor
Ahmadu Umaru Fintiri is a former member of the Adamawa State House of Assembly, who was appointed as Speaker of the House. He became the acting Governor of Adamawa State following the impeachment of Admiral Murtala Nyako in July 2014. However, he later handed over to Bala James Ngilari after serving for three months.
Fintiri won the governorship election of Adamawa State which took place on the 9th of March 2019. Although the election was declared inconclusive because the number of canceled votes was more than the margin between the winner and his close opponent, he was declared winner in the early hours of Friday, March 29, 2019 after securing 376,552 votes to defeat incumbent Governor Jibrilla Bindow of the All Progressives Congress (APC) who polled 336,386 votes.
Bauchi State Governor
Bala Abdulkadir Mohammed (born 5 October 1958) was first elected as Senator for Bauchi South, in Bauchi State, Nigeria in April 2007. On April 8, 2010, he was appointed Minister of FCT (Federal Capital Territory) when Acting President Goodluck Jonathan announced his new cabinet.
On education and career, Bala Abdulkadir studied English at the University of Maiduguri between 1979 and 1982 where he gained a BA. He joined The Democrat as a reporter in 1983, then worked in the public service as an administrative officer from 1984 to 2000. He has also worked in the Ministries of Internal Affairs, Solid Minerals, Power and Steel and Transportation and Aviation.
He retired as director of admin in the Nigerian Meteorological Agency. He then served as a senior special assistant to Isa Yuguda of Bauchi State from 2000 to 2005. Between 2005 and 2007, however, he served as Director of Administration at the Nigerian Railway Corporation.
Nasarawa State Governor
Abdullahi Sule (born December 26, 1959) is a Nigerian entrepreneur, businessman, and politician. His early schooling was at Roman Catholic Mission (RMC) Primary School, Gudi Station in 1968. He then entered Zang Secondary School in 1974 and later Government Technical College, Bukuru in 1977.
Following the completion of his secondary education, in 1980, he enrolled at the Plateau State Polytechnic, in Barkin Ladi. He then left Nigeria on a scholarship to study at Indiana University, Terre Haute, Indiana, where he obtained a Bachelor of Science in Mechanical Technology and a master’s degree in Industrial Technology.
Returning to Nigeria in 1985, Sule served as a youth corps member with Plateau Utilities Board and thereafter joined the Jos Steel Rolling Mill in 1985 as a Production Engineer. In 1989, he left Nigeria for the United States, working for several companies (Lancer Corporation, OEM component, and Osyka Corporation among others) before returning again to Nigeria in 2000.
On his return to Nigeria, he co-founded Sadiq Petroleum Nigeria Limited in Lagos and was made the Managing Director/CEO. Thanks to his leadership expertise, the company won a bid to acquire African Petroleum (AP) Plc and he became the CEO of AP in 2001. Prior to his gubernatorial ambition in 2018, he was the Group Managing Director of Dangote Sugar Refinery Plc.
Yobe State Governor
Mai Mala Buni (born November 11, 1967 in Buni Gari, Yobe, Nigeria) is a Nigerian politician, who served (before his election as governor) as Secretary General of the Nigeria’s ruling party, APC.
Borno State Governor
Babagana Umara Zulum (born August 26, 1969) is a Nigerian academic and politician. On education, after elementary schooling in Mafa Primary School from 1975 to 1980 and secondary education in Government Secondary School, Monguno from 1980 to 1985; Zulum proceeded to the Ramat Polytechnic, Maiduguri, where he obtained a National Diploma in Irrigation Engineering in 1998.
Between 1990 to 1994, Zulum enrolled at the University of Maiduguri for a degree in Agriculture Engineering after which he served as a youth corps member with Katsina State Polytechnic.
In a bid to further his education, the new governor of Borno state then proceeded to University of Ibadan from 1997 to 1998 where he obtained a master’s degree in Agriculture Engineering. In 2005, Zulum enrolled for a PhD in Soil and Water Engineering with the University of Maiduguri which he completed in 2009.
Imo State Governor
Emeka Ihedioha (born on 24 March 1965) is a Nigerian politician and Businessman. He is a Peoples Democratic Party (PDP) member and represented the Aboh Mbaise/Ngor Okpala Federal Constituency of Imo State. He is also the former deputy speaker of the House of Representatives of Nigeria. He is a Commander of the Order of the Niger and holds the title CON.
In 2015, Emeka Ihedioha also served a spell as the Speaker of the House of Representatives following the defection of Aminu Tambuwal to the APC. On education, Ihedioha attended Town School Mbutu in Aboh Mbaise Local Government Area of Imo State for his primary education and completed same at SDA Primary School Abule Oja, Yaba Lagos in 1976.
He had his secondary education at St. Ephraim’s Secondary School, Owerrinta in the present day Abia State. He then proceeded to the University of Lagos, Akoka-Yaba, where he obtained a Bachelor of Science (B.SC) degree in Food Science and Technology, in 1988.
Rivers State unemployment figures by NBS are fake – Wike
Governor Wike has dismissed the figures provided by the NBS concerning the rate of unemployment in his state.
The Governor of Rivers State, Nyesom Wike says that the National Bureau of Statistics’ data on unemployment in Rivers State is fake and politically motivated.
The Governor disclosed this during an interview with Channels TV on Friday morning. He said the figures are fake and political.
“It is fake; it is political. The rate (unemployment) is high, but I don’t believe in their statistics,” he said.
Nairametrics earlier reported in August that the South-South geopolitical zone is the most affected region with a 37.0% unemployment rate, followed by South East (29.1%), North Central (27.9%), Northeast (27.9%), North West (26.3%), and South West (18.0%).
Rivers State is ranked second place, with unemployment in the region at 43.7%, and underemployment at 19.8%. 1,714,189 residents were recorded as unemployed, with a total labour force of 3,921,860.
“If you have a lot of construction jobs going on, for example, does that not create employment? In Rivers State today, nobody can tell me that we have not tried in terms of employment; to reduce the level of unemployment,” Wike said.
The Governor cited formal and informal infrastructural projects across the state, which offers a means of livelihood to labourers. He went further to call on the NBS to be more deligent in their research.
“NBS should come to the state and see for themselves and see what we are doing to create jobs. Not just sitting in their offices. They never deployed anybody to come here,” Wike said.
FAAC disburses N696.2 billion in July 2020, as Lagos State parts with N1.46 billion
The sum of N696.18 billion to the Federal, State, and Local governments in July 2020 from the FAAC account.
The Federation Account Allocation Committee (FAAC), disbursed the sum of N696.18 billion to the Federal, State, and Local governments in July 2020, from the revenue generated in the month of June 2020. This was stated in the latest FAAC report, released by the National Bureau of Statistics (NBS).
According to the report, the monthly disbursement increased by 27.2% compared to N547.3 billion shared in June, and 14.8% increase compared to N606.2 billion disbursed in May 2020.
Checks by Nairametrics research, shows that a total of N4.58 trillion has been shared to the three tiers of government, between January and July 2020. Highest disbursement was recorded in April (N780.9 billion), followed by N716.3 billion in January 2020.
Meanwhile, Lagos State – the economic hub of Nigeria, parted with N1.46 billion as external debt deductions in the month, indicating a total of N9.74 billion deductions between January and July 2020.
Explore the Nairametrics Research Website for Economic and Financial Data
- The amount disbursed in July comprised of N474.53 billion from the Statutory Account, N128.83 billion from Valued Added Tax (VAT), N42.83 billion from Exchange Gain Differences, and Distribution of N50 billion from Non-Oil Revenue for the Month.
- Federal Government received a total of N266.13 billion from the total disbursement. States received a total of N185.77 billion, and Local Governments received N138.97 billion.
- The sum of N28.50 billion was shared among the oil producing states as 13% derivation fund.
- Revenue generating agencies such as Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS), and Department of Petroleum Resources (DPR) received N6.32 billion, N15.05 billion, and N2.68 billion respectively as cost of revenue collections.
South-South scoops highest share
The South-South region, also known as the Niger Delta region, received the highest share of the disbursement in the month of July. The region received a sum of N49.44 billion, representing 25.4% of the total net allocation for states.
This is largely because the region contributes mostly to crude oil production in Nigeria, which is a significant source of revenue for the federation. Out of the six states in the region, only Cross River State is not an oil producing state. Hence, Rivers, Edo, Akwa Ibom, Bayelsa, and Delta States received a total of N24.28 billion as part of 13% oil derivation fund.
North-West region received N36.83 billion (18.9%); followed by North-Central region, which received a net total of N30.69 billion (15.8%). Others include South-West (N29.55 billion), North-East (N26.32 billion), and South-East (N21.97 billion).
External debt deductions
A total of N4.47 billion was deducted from the state’s allocation, as external debt deductions for the month of July. Lagos State parted with the highest amount of N1.46 billion, representing 32.6% of the total debt deductions in the month. A sum of N9.74 billion has been deducted as a result of external debt obligations between January and July 2020.
It is worth noting that, the State’s external debt has declined by 9.67%, from $1.39 billion recorded as at the end of December 2019 to $1.26 billion in June 2020.
Others on the list of top 5 deductions are, Kaduna (N414.6 million), Oyo (N305.4 million), Rivers (N280.3 million), and Cross River (N222 million). On the flip side, Ogun State parted with the lowest, as N9.1 million was deducted, followed by Borno (N21.6 million), and Taraba (N24.5 million).
- With dwindling federally collected revenue, caused by volatility in global crude oil price and economic downtrend caused by COVID-19 pandemic, it is evident that federal allocations will likely face drastic decline, which is a cue for the State governments to strategize on more creative ways of generating revenue internally.
- A quick check at the states’ IGR numbers, shows that 91.9% of the states in Nigeria with the exception of Abuja, Ogun, and Lagos States rely more on federal allocation, as against internally generated revenue.
- This implies that several states in Nigeria are technically bankrupt without debt financing, and Federal Government monthly allocation.
Buhari to finally send Petroleum Industry Bill to National Assembly next week
Sources in the Presidency have disclosed that the President may be presenting the bill to the National Assembly.
President Muhammadu Buhari is expected to present the long-awaited Petroleum Industry Bill (PIB) to the Senate as early as next week.
According to Reuters, who were quoting 4 sources familiar with the development, the presentation of the bill to the National Assembly, follows its official approval by the president late last week. This is as the National Assembly has already formed teams of members that will work most closely on the individual portions of the bill.
Both chambers of the National Assembly must have to pass the bill after deliberating on it before it can then be passed on to the president for his final signature.
The PIB which is an oil reform bill has been in the works for about 20 years, is key to the repositioning of Nigeria’s Oil and Gas Industry under its post-COVID-19 agenda as the main laws governing oil and gas exploration have not been fully updated since the 1960s due to some contentious issues like taxes, payments to local communities, terms and revenue sharing within Nigeria.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), had disclosed that the delay and non-passage of the bill has made international investors to start losing confidence in the country’s oil and gas industry.
While revealing last month that the PIB will be presented to the National Assembly in the next few weeks, the Minister of State for Petroleum Resources, Timipre Sylva, also said that the executive arm will be requesting the lawmakers to specially reconvene to receive and start deliberations on the bill.
These oil reforms and regulatory certainty became more pressing this year as low oil prices and a shift towards renewable energy made competition for investment from oil majors tougher.
The draft copy of the bill which was prepared by the Petroleum Ministry is a product of series of consultation between the federal government, oil and gas companies and other industry stakeholders.
Excerpts from the bill reported by Reuters include provisions that would streamline and reduce some oil and gas royalties, increase the amount of money companies pay to local communities and for environmental clean-ups alter the dispute resolution process between companies and the government.
It also included measures to push companies to develop gas discoveries and a framework for gas tariffs and delivery. Commercializing gas, particularly for use in local power generation, is a core government priority.