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Experts Urge States to Focus on Revenue Generation, Fiscal Transparency
…Extol Sokoto for performance
Public Finance experts, and business analysts have urged Nigerian States to focus more on internal revenue generation rather than waiting on the Federal Government to allocate funds to them.
This was part of the conclusion reached at the January 2021 CIAPS Roundtable tagged “Fiscal Transparency Accountability and Sustainability of Nigerian States”. The event hosted by the Lagos based international Graduate school CIAPS had participants from across the 36 States for the federation and from outside Nigeria discussed how Nigerian States were doing in terms of budgeting, revenue, debt management and fiscal responsibility.
Lead discussants at the CIAPS Roundtable included Ayo Teriba, CEO Economic Associates, Phillip Isakpa, Executive Director Businessnewscorp and Yemi Kolapo Editor In Chief at The Point Newspaper, the event was chaired by Anthony Kila.
Dr Ayo Teriba lead the conversation and opend by disagreeing with the general concept introduced by Prof Anthony Kila that many Nigerian States were not financially viable. According to Teriba every State in Nigeria has the potential for being viable, it is just about having the right leadership that can identify how to generate wealth. Teriba noted that too little is being done by States to generate investments and that no Nigerian State has a portal dedicated to attracting and guiding investors. He listed the Economy, Natural Capital, Human Capital and Governance as the four levers that the states need to push on to generate revenue.
In analysing the Fiscal Transparency Accountability and Sustainability of States, Mr Philip Isakpa noted that generally speaking too many individuals and businesses are focused on the Federal Government instead of looking at what states are doing. He called on all to be more vigilant of and involved with States Government. Philip Isakpa agreed with Anthony Kila that the tying grants to fiscal responsibility is a very good move that allows citizens and businesses to know and access which States were doing well and which ones were doing badly.
Ms Yemi Kolapo sounded a note of caution warning that while the performance conditioned grant was a good thing, we should be careful to make sure that States are actually doing good things and they are not just working the books to get funds.
Prof Kila invited the media and other observers to provide information of the States doing well and those doing badly in terms economic management and fiscal responsibility. “We need to know who are the performers and who are the bench warmers” noted Kila.
The federal government early January disbursed N123.34 billion performance-based grant to eligible states under the World Bank supported states fiscal transparency, accountability and sustainability (SFTAS) programme for results.
Mrs. Zainab Ahmed, minister of finance, budget and national planning, announced then that Sokoto state received the highest amount of N6.612 billion while Kano state got the lowest amount of N1.710 billion. Bayelsa, Imo, Rivers and Zamfara States got zero allocation due to their inability to meet the 2019 eligibility criteria which required States to publish online approved annual budgets and audited financial statements within a specific timeframe.
In separate interviews many of the experts that participated at the event urged all states to focus on Revenue Generation and Fiscal Transparency and to learn from Sokoto State that was able to lead the table of performing states. Rotimi Olarewaju a financial analyst noted that Sokoto state must be praised and used as an example for other States since it is showing others that wining the World Bank performance-based grant is possible.
Onitsha, the historic commercial hub of Anambra State, is set to once again host the grand spectacle of its famed Ofala Festival. The 2025 edition, themed “Cultural Renaissance and Economic Renewal,” promises to be a vibrant celebration of Igbo heritage, unity, and cultural pride — reaffirming the enduring relevance of tradition in Nigeria’s social and economic landscape. More than a festival, Ofala represents the resilience and identity of the Onitsha people, a timeless gathering where history, spirituality, and community converge.
At the centre of the celebration is His Royal Majesty Igwe Nnaemeka Alfred Ugochukwu Achebe, CFR, mni, the Obi of Onitsha. Under his visionary leadership, Ofala has evolved from a spiritual homecoming into an internationally recognised cultural event that showcases the richness of Igbo civilisation. The festival unites the people in celebration, reinforcing the traditional values and collective spirit that have shaped Onitsha’s identity for generations.
This year’s theme underscores two intertwined goals — preserving cultural heritage and leveraging it as a catalyst for economic growth. It calls on communities and stakeholders to safeguard indigenous traditions while exploring how cultural assets can drive tourism, creative enterprise, and national development. In a time when Nigeria seeks to diversify its economy beyond oil, the festival provides a blueprint for how culture-led growth can foster sustainable prosperity.
A cornerstone of the festival’s success is its enduring partnership with Globacom, Nigeria’s indigenous telecommunications giant. For over a decade, Globacom has been a strong supporter of the Ofala Festival, helping to transform it into a globally recognised celebration. The company’s contribution extends beyond sponsorship — it is a strategic alliance grounded in shared values of innovation, cultural preservation, and community empowerment.
Through financial, logistical, and technological support, Globacom has enhanced the festival’s organisation, media visibility, and infrastructure. It has also facilitated the digital documentation of Ofala’s heritage, creating a valuable cultural archive for future generations. Igwe Achebe has praised Globacom’s commitment, noting that the partnership reflects the company’s genuine dedication to preserving Nigeria’s cultural diversity and promoting national pride.
Globacom’s cultural involvement is not limited to Onitsha. The company also supports other landmark festivals, notably the Ojude Oba Festival in Ijebu-Ode, Ogun State. Its cultural engagement rests on three guiding pillars — cultural preservation, continuity, and community empowerment. These pillars ensure that traditional celebrations remain vibrant, relevant, and economically beneficial to their host communities.
By investing in these festivals, Globacom helps transform them into platforms for education, social inclusion, and economic opportunity. Its sustained involvement empowers local artisans, performers, and entrepreneurs to showcase their talents to wider audiences. This, in turn, generates employment, stimulates tourism, and strengthens local economies — demonstrating how corporate partnerships can meaningfully contribute to cultural sustainability and national development.
The 2025 Ofala Festival is expected to attract thousands of visitors from within and outside Nigeria. The elaborate processions, royal displays, traditional dances, and artistic performances will once again highlight the splendour of Igbo culture. The influx of guests will significantly boost Onitsha’s economy, benefitting traders, artisans, hoteliers, and transport operators. For young creatives, it provides a platform for storytelling, art, and innovation, reinforcing the festival’s role as both a cultural and economic catalyst.
Beyond commerce, the Ofala Festival embodies unity and continuity in a rapidly evolving nation. It serves as a reminder that tradition and modernity can coexist — that heritage, when nurtured, becomes a foundation for renewal. As Nigeria seeks new pathways to social cohesion and economic strength, Ofala stands as a symbol of what is possible when communities draw from their roots to build a shared future.
Ultimately, the 2025 Ofala Festival is more than a celebration — it is a statement of identity, hope, and progress. It affirms that culture is not a relic of the past but a dynamic force that drives innovation, pride, and prosperity. Through the vision of Igwe Achebe and the steadfast support of Globacom, Ofala continues to bridge generations and inspire a renaissance of Nigerian heritage.
As Onitsha bursts once more with colour, rhythm, and royal grandeur, the Ofala Festival reminds the nation that the strength of its future lies in the richness of its past — that through cultural renaissance and economic renewal, Nigeria can thrive, united in heritage and bound for prosperity.
The Federal government has emphasised that the “no work, no pay” policy remains an existing labour law of the Federal Republic of Nigeria as the Academic Staff Union of Universities (ASUU) begins on a two-week warning strike today.
The government stated that it will be guided by this law should academic activities be disrupted in the nation’s universities.
In a statement signed by the Director of Press and Public Relations at the Federal Ministry of Education, Folasade Boriowo, the government reaffirmed that while it continues to demonstrate goodwill and flexibility, it will not abdicate its responsibility to uphold fairness and accountability in the use of public resources.
The statement, however, reassured Nigerian students, parents, and the general public that the Federal government remains firmly committed to maintaining industrial harmony within the tertiary education system.
It added that the Minister of Education has appealed to all academic unions to embrace partnership and dialogue, rather than confrontation, in the collective interest of the nation’s higher education sector.
ASUU, on Sunday, announced a total and comprehensive two-week warning strike in public universities across Nigeria.
Addressing a press conference on Sunday at the University of Abuja, the union’s National President, Professor Chris Piwuna, stated that there has been no meaningful progress to prevent the union from moving forward with its planned industrial action.
He explained that the 14-day notice, issued on September 28, 2025, had lapsed without any substantial response from the relevant authorities.
He stated that all ASUU branches across the country have been directed to commence a full withdrawal of their services beginning at midnight on Monday, October 13, 2025.
According to Professor Piwuna, the strike would be both total and comprehensive, in line with the resolution reached at the union’s most recent National Executive Council (NEC) meeting.
On Wednesday last week, the Federal Government appealed to ASUU to shelve its planned strike, assuring that it is committed to addressing all outstanding demands raised by the union.
The Minister of Education, Tunji Alausa, said the Federal government is already looking into the demands of the union and progress is already being made in the ongoing negotiations between both parties.
The minister explained that the Mahmud Yayale Ahmed Federal Government Tertiary Institutions Expanded Negotiation Committee had been reconstituted and inaugurated to fast-track talks with both academic and non-academic unions in universities, polytechnics, and colleges of education.
He added that President Bola Tinubu had given clear directives that all efforts must be made to avoid another disruption in the nation’s tertiary institutions.
Maryam Sanda, sentenced to death in 2020 for the killing of her husband, Bilyaminu Bello, has received a presidential pardon from President Bola Tinubu after spending six years and eight months at the Suleja Medium Security Custodial Centre.
In a statement released on Saturday by Special Adviser to the President on Information and Strategy, Bayo Onanuga, the Presidency said, “Her family pleaded for her release, arguing that it was in the best interest of her two children. The plea was also anchored on her good conduct in jail, her remorse, and her embracement of a new lifestyle, demonstrating her commitment to being a model prisoner.”
The pardon is part of a larger decision by President Tinubu to grant clemency to 175 Nigerians and foreigners, including notable figures such as the late environmental activist Ken Saro-Wiwa, Major General Mamman Vatsa, and other members of the “Ogoni Nine.”
“This marked one of the most expansive uses of the presidential prerogative of mercy, touching on high-profile historical cases,” the statement added.
Maryam Sanda’s case first gained public attention when Justice Yusuf Halilu of the FCT High Court in Abuja convicted and sentenced her to death by hanging on January 27, 2020, ruling that she had fatally stabbed her husband at their home.
“She should reap what she has sown, for it has been said that ‘thou shall not kill’ and whoever kills in cold blood deserves death as his own reward,” Justice Halilu declared at the time.
Following her conviction, Sanda’s legal team filed an appeal on 20 grounds, questioning the evidence and alleging bias, but the Court of Appeal dismissed her appeal on December 3, 2020, affirming the conviction and death sentence.
“The circumstances surrounding the death can be the best proof of what is being alleged,” noted Justice Stephen Adah, reinforcing the lower court’s findings.
Police authorities later sought to have the Supreme Court uphold the sentence. Police counsel James Idachaba said, “We are satisfied with the findings of the trial and appeals court, and we are prepared to defend the law’s position at the Supreme Court,” highlighting the commitment to justice in the case.
The presidential pardon list, released on Saturday, is divided into six categories: pardoned individuals, posthumous pardons (including the Ogoni Nine), victims of the Ogoni Nine honoured, clemency beneficiaries, inmates recommended for reduced terms, and inmates on death row whose sentences were commuted to life imprisonment.
The Punch
