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Governor Diri Raises Concern Over Resource Sharing Among States, Advocates For Fiscal Federalism

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Governor Diri Raises Concern Over Resource Sharing Among States, Advocates For Fiscal FederalismBayelsa State Governor, Douye Diri, emphasized that the current federalism structure in Nigeria has hindered state development, advocating for a revision of the revenue sharing formula to align with fiscal federalism principles. Speaking at an event in Houston, Texas, where he was honored with the “Icon of Unity and Social Justice.....KINDLY READ THE FULL STORY HERE▶

award by Ijaws in the USA and Canada, Governor Diri highlighted the potential of the Niger Delta region for development if allowed to utilize its resources effectively. He criticized the allocation of only 13 percent of resource-rich states’ revenue, such as those in the Niger Delta, while emphasizing Bayelsa’s significant contribution to the federal allocation shared monthly in Abuja. Governor Diri called for a shift towards true federalism, where states can access 100 percent of their resource revenue, envisioning a prosperous Bayelsa akin to Houston if such a model were adopted. He expressed concern over the unequal sharing of revenue from mineral resources like gold and questioned the fairness of the current revenue allocation system, urging for reforms to ensure equitable distribution and development across states. State Governor, Douye Diri, emphasized that the current federalism structure in Nigeria has hindered state development, advocating for a revision of the revenue sharing formula to align with fiscal federalism principles. Speaking at an event in Houston, Texas, where he was honored with the “Icon of Unity and Social Justice” award by Ijaws in the USA and Canada, Governor Diri highlighted the potential of the Niger Delta region for development if allowed to utilize its resources effectively. He criticized the allocation of only 13 percent of resource-rich states’ revenue, such as those in the Niger Delta, while emphasizing Bayelsa’s significant contribution to the federal allocation shared monthly in Abuja. Governor Diri called for a shift towards true federalism, where states can access 100 percent of their resource revenue, envisioning a prosperous Bayelsa akin to Houston if such a model were adopted. He expressed concern over the unequal sharing of revenue from mineral resources like gold and questioned the fairness of the current revenue allocation system, urging for reforms to ensure equitable distribution and development across states.

Published by Caleb Alfred

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“I AM NO PASTOR!” Wike Fires Back, Defending His Ruthless Political Style and Dropping a Bombshell About His Father!

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Federal Capital Territory (FCT) Minister Nyesom Wike has responded to critics who fault his political conduct by contrasting it with his father’s background as a gospel preacher. Speaking during a special media chat in Port Harcourt on Saturday, Wike defended his aggressive political style, emphasizing that politics operates under its own distinct set of rules.....KINDLY READ THE FULL STORY HERE▶

  • Separation of Profession and Family: Wike dismissed comparisons to his father, stating, “Politics is not like church. I’m a Christian but not a pastor. That my father is a pastor does not make me a pastor.” He further illustrated the point by adding that his son is not a lawyer despite his own legal background and his wife’s status as a judge.

  • Dismissal of Critics: The Minister argued that his detractors are dealing in mere “theory” and failing to grasp the practical rules governing the political landscape.

  • Context of the Remarks: Wike’s comments were specifically aimed at addressing speculations regarding his alleged bid to maintain control over political power in Rivers State amidst his ongoing fallout with Governor Siminalayi Fubara.

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THE GREAT ESCAPE: How A Benue Seminarian Defied All Odds To Break Free From Kidnappers!

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The Catholic Diocese of Otukpo in Benue State has announced that Kelvin Ochai, a seminarian abducted by gunmen in Asa III, Otukpo, on July 29, 2026, has successfully regained his freedom.....KINDLY READ THE FULL STORY HERE▶

  • The Breakout: The seminarian managed to escape from his captors on the evening of Friday, July 31, 2026.

  • Safe Return: He safely made his way to Aliade in Gwer East Local Government Area, where he reunited with his family completely unharmed.

  • Official Announcement: The update was shared in a Saturday statement by Very Rev. Fr. Joseph Itodo, the Chancellor of the Diocese, who attributed the safe return to divine intervention and collective prayers.

Appreciation and Support

  • Gratitude from Leadership: Most Rev. Michael Ekwoyi Apochi, the Bishop of the Catholic Diocese of Otukpo, expressed deep gratitude to the clergy, religious bodies, lay faithful, and well-wishers for their steadfast support and prayers during the ordeal.

  • Special Mentions: The Bishop also thanked Rev. Fr. Vitalis Ioryue, the community at Saints Peter and Paul Parish in Aliade, and the Nigeria Police Force for their prompt care and assistance following the seminarian’s escape.

  • Prayers for Others: Concluding the statement, Bishop Apochi offered prayers for the safe rescue of all individuals still held captive across Nigeria, urging for divine protection and the restoration of peace and security nationwide.

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ABUJA BLAZE DRAMA: Massive Fire Consumes Federal Mortgage Bank Head Office!.

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The headquarters of the Federal Mortgage Bank of Nigeria, situated opposite the Central Bank of Nigeria (CBN) in Abuja, was struck by a fire on Saturday.....KINDLY READ THE FULL STORY HERE▶

Incident Overview

  • Origin and Spread: The blaze reportedly broke out on the fourth floor before advancing across the upper levels of the multi-story structure.

  • Emergency Response: Fire service personnel deployed multiple trucks to the location to battle the raging inferno.

  • Eyewitness Accounts:

    • A Facebook user, Praises Chukwu, shared images from the scene, noting that the fire kept spreading despite the best efforts of emergency responders.

    • Anthony Ameh, an employee of Zenith Bank working within the building, described the fire as extremely intense, stating that multiple fire trucks were struggling to put it out.

Current Status

The underlying cause of the fire remains unknown, and there are currently no immediate details regarding casualties or the total extent of the damage to the property.

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