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Passing of an era: Ex- US President, Bush dies at 94
Former US President George H.W. Bush on Friday died at age 94 in Houston.
George H.W. Bush, the 41st president of the United States and the father of the 43rd, was a steadfast force on the international stage for decades, from his stint as an envoy to Beijing to his eight years as vice president and his one term as commander in chief from 1989 to 1993.
The last veteran of World War II to serve as president, he was a consummate public servant and a statesman who helped guide the nation and the world out of a four-decade Cold War that had carried the threat of nuclear annihilation.
His death was announced in a tweet by Jim McGrath, his spokesman. The cause of his death was not immediately available. In 2012, he announced that he had vascular Parkinsonism, a condition that limited his mobility. His wife
Also, confirming his death, his son, George W. Bush called his father a “man of the highest character and the best dad a son or daughter could ask for.
“The entire Bush family is deeply grateful for 41’s life and love, for the compassion of those who have cared and prayed for Dad, and for the condolences of our friends and fellow citizens.
In a related development, former President, Barack Obama remarked, ” America has lost a patriot and humble servant in George Herbert Walker Bush. While our hearts are heavy today, they are also filled with gratitude. Not merely for the years he spent as our forty-first President, but for the more than 70 years he spent in devoted service to the country he loved – from a decorated Naval aviator who nearly gave his life in World War II, to Commander-in-Chief of our Armed Forces, with plenty of posts along the way. Ambassador to the United Nations. Director of Central Intelligence. U.S. Envoy to China. Vice President of the United States”.
“George H.W. Bush’s life is a testament to the notion that public service is a noble, joyous calling. And he did tremendous good along the journey. Expanding America’s promise to new immigrants and people with disabilities. Reducing the scourge of nuclear weapons and building a broad international coalition to expel a dictator from Kuwait. And when democratic revolutions bloomed across Eastern Europe, it was his steady, diplomatic hand that made possible an achievement once thought anything but – ending the Cold War without firing a shot”.
” It’s a legacy of service that may never be matched, even though he’d want all of us to try.
“After seventy-three years of marriage, George and Barbara Bush are together again now, two points of light that never dimmed, two points of light that ignited countless others with their example – the example of a man who, even after commanding the world’s mightiest military, once said “I got more of a kick out of being one of the founders of the YMCA in Midland, Texas back in 1952 than almost anything I’ve done.”
“What a testament to the qualities that make this country great. Service to others. Commitment to leaving behind something better. Sacrifice in the name of lifting this country closer to its founding ideals. Our thoughts are with the entire Bush family tonight – and all who were inspired by George and Barbara’s example”, he continued.
At the time of his death, Bush was the American president to have lived the longest.
… Assures Prompt Salary Payment
The Sole Administrator of Rivers State, Ibok-Ete Ibas, has announced the release of withheld local government allocations, assuring that necessary steps would be taken to ensure the prompt payment of workers’ salaries.
Ibas disclosed this on Thursday during a meeting with Heads of Local Government Administrators in Port Harcourt, describing the engagement as a crucial step towards restoring stability and progress in the state.
He lamented the economic hardship in the Niger Delta, noting that despite the region’s wealth of natural resources, many of its people continued to suffer.
“This is unacceptable,” he said, stressing the need for transformation and financial accountability.
The administrator expressed concern over the delay in salary payments across local government areas, acknowledging the struggles of affected workers.
“I feel the pain of the workers,” he stated, assuring them that the withheld allocations had been released and that his administration would ensure prompt payment of salaries.
However, he warned that financial discipline would be strictly enforced, directing all local government areas to submit their wage bills with supporting documents through the office of the Head of Service.
Ibas, a retired Vice Admiral and former Chief of Naval Staff, vowed to scrutinise public funds and take decisive action against mismanagement.
“Good governance is not just a slogan; it is a commitment to changing the negative narrative within the next six months,” he added.
He also emphasised the need for collaboration with traditional rulers and security agencies to enhance grassroots security.
“You must take the lead in ensuring security within your domains,” he charged local government administrators.
Reacting, the President of the Nigeria Union of Local Government Employees (NULGE) and Administrator of Port Harcourt Local Government Area, Clifford Paul, commended the Federal Government for appointing Ibas, attributing the decision to his leadership competence.
He urged the administrator to prioritise workers’ welfare, stating that local government workers were currently owed two months’ salaries.
“With the release of the withheld allocations, we are hopeful that workers will receive their entitlements soon,” he said.
Paul further called on stakeholders to seize the opportunity to rebuild trust and foster unity in the state.
President Bola Tinubu has sworn in Vice Admiral Ibok-ete Ibas (rtd.) as the Sole Administrator of Rivers State, following a brief meeting at the Presidential Villa on Wednesday afternoon.
Ibas’ appointment comes a day after Tinubu, in a nationwide broadcast, declared a state of emergency in Rivers State and suspended Governor Siminalayi Fubara, Deputy Governor Ngozi Odu, and all members of the Rivers State House of Assembly.
The President cited Section 305 of the 1999 Constitution as the legal basis for his action, stating that he could no longer stand by as the political crisis in the state escalated.
However, the suspension of Fubara and other elected officials has sparked widespread condemnation. Former Vice President Atiku Abubakar, Labour Party’s Peter Obi, senior lawyer Femi Falana (SAN), the Peoples Democratic Party (PDP), the Nigerian Bar Association (NBA), and several civil society groups have rejected the move, describing it as unconstitutional and undemocratic.
In contrast, the pro-Nyesom Wike faction of the Rivers State Assembly, led by Martins Amaewhule, has praised Tinubu’s decision, accusing Fubara of disregarding a Supreme Court ruling related to the state’s political crisis.
Vice Admiral Ibas, a retired naval officer, previously served as Chief of Naval Staff from 2015 to 2021 under President Muhammadu Buhari. Born in Cross River State, he attended the Nigerian Defence Academy in 1979 and went on to have a distinguished military career, rising to the highest ranks in the Navy.
He is a member of the Nigerian Institute of International Affairs (NIIA) and the Nigerian Institute of Management. In 2022, Buhari conferred upon him the national honour of Commander of the Federal Republic (CFR) in recognition of his service.
Ibas now assumes leadership of Rivers State amid a deeply divided political landscape, with tensions running high over the legality and implications of the emergency rule.
The Federation Accounts Allocation Committee (FAAC) disbursements to the federal, state, and local governments surged by 43 per cent in 2024, reflecting a major boost in government revenue inflows.
According to the latest FAAC Quarterly Review released in Abuja on Tuesday, the Nigerian Extractive Industry Transparency Initiative (NEITI) disclosed that a total of N15.26 trillion was allocated to the three tiers of government within the year under review.
NEITI’s Acting Director, Communication & Stakeholders Management, Obiageli Onuorah, described the disbursements as a historic high, noting that the allocations surpassed previous years by a remarkable margin.
Key Drivers of Revenue Growth
The report attributed the surge in FAAC disbursements to sustained fiscal reforms by the Federal Government, particularly the removal of fuel subsidies and foreign exchange rate adjustments. These policies have significantly boosted oil revenue remittances and overall government earnings.
Speaking at the official release of the report in Abuja, NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, highlighted the impact of these reforms on national and subnational finances. He noted that the withdrawal of fuel subsidies in mid-2023 reshaped revenue distribution and affected debt repayment deductions from state allocations.
Dr Orji stated that the objective of the report was to assess the sustainability of government borrowing, the fiscal implications of resource dependence, and the economic realities confronting states benefitting from the 13% derivation revenue from oil, gas, and solid minerals.
“The analysis focused on crude oil revenue derivation states, as solid minerals continue to underperform despite their significant potential,” he added.
Breakdown of FAAC Allocations
According to the NEITI report, FAAC disbursements in 2024 were as follows:
Federal Government: N4.95 trillion
State Governments: N5.81 trillion
Local Governments: N3.77 trillion
Total FAAC Disbursement (Including Derivation Revenue): N15.26 trillion
State governments recorded the highest percentage increase in allocations, jumping by 62% from N3.58 trillion in 2023 to N5.81 trillion in 2024. Local government councils saw a 47% increase, while the federal government’s share rose by 24% from N3.99 trillion in 2023.
The report highlighted that FAAC allocations grew by 66.2% over three years, rising from N9.18 trillion in 2022 to N10.9 trillion in 2023 and N15.26 trillion in 2024, with the most significant leap occurring between 2023 and 2024.
Economic Risks and Challenges
Despite the revenue boost, NEITI cautioned that economic risks associated with fiscal reforms must be managed effectively. Key risks identified include:
Inflationary pressures
Possible rise in debt servicing costs
Fiscal uncertainty for oil-dependent states
The agency urged governments at all levels to adopt innovative measures to cushion the impact of these economic challenges.
State-by-State Allocation Analysis
Lagos received the highest FAAC allocation in 2024, with N531.1 billion, followed by:
Delta State: N450.4 billion
Rivers State: N349.9 billion
Conversely, the least allocations went to:
Nasarawa State: N108.3 billion
Ebonyi State: N110 billion
Ekiti State: N111.9 billion
The report also showed that six states—Lagos, Rivers, Bayelsa, Akwa Ibom, Delta, and Kano—each received over N200 billion, collectively accounting for 33% of total state allocations. Meanwhile, the six lowest-receiving states—Yobe, Gombe, Kwara, Ekiti, Ebonyi, and Nasarawa—received only 11.5% of total allocations.
Debt Deductions Raise Fiscal Concerns
A total of N800 billion was deducted from states’ allocations for foreign debt servicing and contractual obligations, representing 12.3% of total state allocations.
Lagos State had the highest debt deduction, with N164.7 billion, followed by:
Kaduna State: N51.2 billion
Rivers State: N38.6 billion
Bauchi State: N37.2 billion
NEITI warned that many states with high debt burdens were among the lower FAAC recipients, raising concerns about debt sustainability and overall fiscal health.
With the federal and state governments increasingly reliant on oil revenue, the report emphasized the need for economic diversification, stronger financial management, and sustainable debt practices to ensure long-term fiscal stability.
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