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Ministerial Screening: Senate expresses satisfaction with fmr APC women leader Okotete

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***Lauds achievements at NEXIM Bank

The Senate has acknowledged the achievements of the Executive Director (Business Development) of Nigerian Export and Import Bank (NEXIM), Hon. Stella Okotete, in growing the non oil exports and business fortunes of the Bank.

The commendation came after the Senator representing Delta Central, Senator Ede Dafinone moved a motion at the ongoing ministerial screening exercise, urging his colleagues to allow Ms. Okotete take a bow and leave.

Hon. Okotete, former National Women Leader of the ruling All Progressive Congress (APC) and currently serving as ED Business Development at NEXIM Bank, was President Bola Tinubu’s ministerial nominee from Delta State.

Senator Dafinone, while moving the motion, said he had had opportunity of working with Ms. Okotete during his one year stay as Non-Executive Director with NEXIM, adding that the nominee was the engine room of the international reputable bank.

“What the nominee did not mention was that, her position as the Executive Director of Business Development Unit, means she was at the engine room of the bank. The Business Development Unit, is the operational department of the NEXIM Bank.
“So, she was in charge of the operations of the Bank and in that capacity, she was able to grow the balance sheet of the Bank and she has done exceptionally well.

“I want to add also, that as a young woman, she has also favoured the youth and women in her policies at the bank, aside the policies she had done at home, encouraging young people in various departments and empowerment programs.

“She has also been instrumental in growing non oil exports and as at today, the non oil exports are the key focus of this administration, as we protect the need to grow our economy in the background of dwindling oil reserves and in move globally away from foisting fuel, to a more sustainable forms of energy.

“My Colleagues said she has distinguished herself already, what I need to add is that, I speak for my 2 Colleagues from Delta State who are both fully in support of the nominee, and to ask Distinguished Members, if the nominee from Delta State, could please be recognized for her good work in NEXIM Bank, with the background that, she has served one complete term at NEXIM Bank and that the term has been renewed about a year ago, which shows she has distinguished herself at the Bank. With that Mr. President, I urge that Distinguished Members, do ask the nominee from Delta State to please take a bow”, Senator Dafinone told his Colleagues.

President of the Senate, Senator Godswill Akpabio, who presided over the ministerial screening, also attested to the role of Ms. Okotete in women and youth development as the Women Leader of the ruling party, APC.

He said, “honestly, when she mentioned that she was a women leader of the greatest party in Africa, I just remembered that we are all from political parties and in normal circumstances, the party is supreme”.

Akpabio also went further to pose the question for the nominee to take a bow and the response was in affirmative

Earlier, while giving a short profile of herself, the nominee, who was born in 1984, took the Senate through the journey of her career and achievements recorded, especially in women and youth development, as well as her exploits at the NEXIM Bank.

Her words:

“The immediate past President of the Federal Republic of Nigeria, President Muhammad Buhari, in 2017, found me worthy and appointed me, in line with the Act of Export and Import Bank, sections 11, 8 and 14 , as Executive Director of Nigerian Export-Import Bank (NEXIM Bank), in charge of Business Development.

“The functions of the ED Business Development of the Bank, which I still hold till date, is to drive the business directorate of the Bank, to create quality risk assets and to also provide funding for exporters in the non-oil sector.

“When we resumed in 2017, we met a balance sheet size of N67bn. We had grown it to N256bn by 2022, when our tenure got renewed. We also met a bank that was already recording loses, year-in, year-out for 3 years. As at 2016, the bank had recorded over N6bn losses. Today, the Nigerian Export and Import Bank is standing shoulder-to-shoulder with other global export banks and profitably as one of the leading export credit institutions in Africa.

“I was also the women representative, popularly known as the Women leader of the All Progressive Congress (APC) Caretaker Committee in 2020.

“As Women Leader of the ruling All Progressive Congress at that time, I was able to bring to bear, quality representation to our women and we established new policy that helped shaped visibility for our women across board.

“One of it is the Progressive Women Academy, which was approved by the Apple Store and Google Store. It is an online academy where women can learn various self skills to make themselves not just visible in the business space but also in politics. I also understood, being a very young politician, that there was need to build bridges across the older women in politics and the younger ones, and I established the Progressive Young Women’s Forum, which was also a platform to groom future female Leaders and mentor them.

“I’m proud to say today that I have women who were part of my mentes, serving as Commissioners, elected as House of Assembly Members and also as Councilors and some of them are Special Advisers and Special Assistants currently at various state levels.

“I also created the lobby group of the APC Women and we were able to garvanise stakeholders to accept the responsibility to push for more visibility for our women. Based on that, when we did the review of the APC constitution, we were able to accomodate another seat for a woman in the NWC. Today, that’s the only party in Africa that gives 2 seats – Women Leader and Deputy Women Leader seats in the NWC.

“By the grace of God, I was also able to influence such platforms for women across the party structures at the state, local government and senatorial districts”.

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Legislature

CNG Safety Under Scrutiny: NASS Questions Readiness as Explosions Raise Alarms

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National Assembly Complex

The National Assembly has called for a comprehensive reassessment of Nigeria’s Compressed Natural Gas (CNG) initiative following alarming reports of vehicle explosions attributed to uncertified conversions. Lawmakers are urging the Federal Government to prioritize rigorous adaptability tests to ensure the safety and suitability of the technology in Nigeria’s unique environment.

During the 2025 budget defense session of the Joint Committee on Petroleum (Downstream), Petroleum (Upstream), and Gas, Senator Natasha Akpoti (PDP, Kogi Central) questioned the adequacy of research conducted before rolling out the CNG program.

“Nigeria’s bumpy roads and hot climate differ significantly from the smooth and cooler environments where this technology originated. Were these factors considered before introducing CNG?” Akpoti asked.

Her concerns come amid incidents of explosions in CNG-converted vehicles. The Minister of State for Gas, Hon. Ekperikpe Ekpo, attributed these accidents to uncertified conversions carried out by roadside technicians, emphasizing that certified centers adhere to strict safety standards.

Ekpo also assured lawmakers that the technology had been evaluated by a Presidential Committee on CNG and affirmed its long-term viability. “CNG has come to stay,” he stated.

The session also highlighted budgetary concerns, particularly the Ministry of Petroleum’s 2025 capital allocation of N903 million. Lawmakers criticized the sum as inadequate to address Nigeria’s pressing energy challenges.

“For a ministry driving Nigeria’s energy transition, this allocation raises concerns about commitment to infrastructure and innovation,” remarked Hon. Kafilat Ogbara.

As Nigeria seeks to diversify its energy mix, the National Assembly has stressed the need for enhanced safety measures, proper implementation, and increased funding to fully realize the potential of CNG while ensuring public safety and trust.

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Legislature

Umahi expresses Frustration over Fixing Nigerian Roads

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Dave Umahi

***Seeks Support for Loans as Budgetary Provisions Fall Short

The Minister of Works, Senator David Umahi, has voiced his deep frustration over the state of Nigeria’s road infrastructure, highlighting inadequate yearly budgetary allocations as a major barrier to progress.
Speaking during the 2025 budget defense session before the Senate Committee on Works in Abuja on Friday, Umahi described the financial constraints as overwhelming. “I’ve succeeded in most of my life’s engagements, but I feel frustrated fixing Nigerian roads with these meagre allocations,” he lamented.
Umahi disclosed that President Bola Tinubu inherited 2,064 road projects valued at N13 trillion, but rising costs have pushed the estimated expenditure to N18 trillion. He noted that the N827 billion allocated for road infrastructure in the 2025 budget is grossly insufficient to address the challenges.
“Roads are critical to economic growth and poverty reduction. They create jobs and drive economic activities. However, fixing these roads cannot be achieved with yearly budget provisions alone,” he explained.
The minister urged Nigerians to support the government’s borrowing initiatives, assuring that the funds would directly impact citizens’ lives by boosting economic activities and reducing hunger.
Senators on the committee, led by Senator Mpigi Barinaga, praised Umahi for his efficient management of scarce resources and supported his call for alternative funding mechanisms. They acknowledged the scale of the work required and admitted that the proposed budget falls far short of what is needed to resolve Nigeria’s road infrastructure crisis.
The session concluded with a shared resolve to explore additional funding options to tackle the nation’s road challenges effectively.

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Legislature

In another rowdy session, Lawmakers Demand Accountability Amidst Budget Defense Chaos

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Heineken Lokpobiri

***Minister Lokpobiri Assures of Reforms, Apologizes for Lapses

The 2025 budget defense session for the petroleum sector took a contentious turn on Friday as the Senate and House of Representatives Joint Committee on Petroleum (Upstream, Midstream, Downstream, and Gas) erupted into disorder. Tensions flared over delays in budget documentation, with lawmakers decrying the Ministry of Petroleum Resources’ perceived lack of preparedness and respect for legislative protocols.

The meeting, chaired by Senator Jarigbe Agom Jarigbe, was already fraught with logistical challenges. The cramped committee room, bursting with lawmakers and ministry officials, became the backdrop for a fiery exchange that highlighted the strained relationship between the legislative and executive branches. Calls to relocate the session to a more accommodating venue went unheeded, adding to the frustration.

Before the session could proceed, Hon. Kelechi Nwogu raised a procedural objection, pointing out the absence of vital budget documents. “We cannot engage in a meaningful discussion without the necessary materials. This undermines the integrity of the process,” Nwogu asserted.

The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, faced sharp criticism for the disorganization. Hon. Ado Doguwa, Co-Chairman of the Joint Committee, accused the Ministry of fostering an adversarial relationship with the legislature. “Minister, we see you only once a year, and even then, the lack of collaboration is glaring. This is unacceptable,” Doguwa said, his frustration evident.

Lokpobiri, in an attempt to salvage the situation, apologized for the lapses. “Distinguished Senators and Honourable Members, I deeply regret this oversight. It was not intentional. The budget documents are being distributed as we speak,” he said. He assured lawmakers that the Ministry remained committed to supporting legislative oversight and improving future engagements.

However, Lokpobiri’s lighthearted remark that the documents were being delivered in “Ghana Must Go” bags—containing no money—elicited mixed reactions. While some lawmakers chuckled, others viewed it as a diversion from the seriousness of the issue.

Doguwa, accepting the apology, stressed the need for strict adherence to legislative guidelines. “While we appreciate the apology, the late submission of documents is a breach of procedure. This cannot continue. We demand accountability and timely cooperation moving forward,” he said.

The session ultimately ended in stalemate, with lawmakers insisting on postponing the meeting until all necessary documents had been reviewed. The debacle underscores the persistent challenges of executive-legislative coordination in Nigeria’s budgetary process, particularly in critical sectors like petroleum.

As the Joint Committee prepares to reconvene, stakeholders will be watching closely to see if the Ministry of Petroleum Resources can rebuild trust and ensure a smoother process in the future.

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