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Ikoku Spare-Parts Dealers Count Losses …As RSESA Re-Opens Market

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Ikoku motor parts dealers at Mile 2 Diobu, Port Harcourt have lamented over the huge business losses incurred as a result of the recent temporary closure of the place by the Rivers State Environmental Sanitation Authority (RSESA) due to poor sanitary condition of the area.  

The market which was shutdown on December 29,2009 was reopened for business on Monday January 11, 2010 (barely 14 days).

Speaking to one of The Tide’s sources a motor parts dealer at Ikoku said the imposition of sanitation exercise on the traders within the two weeks period is a welcome development that has changed the face of the area positively.

He thanked RSESA for their courage to intervene into the poor sanitary condition of the area lately, shifting the blame of the traders woes on the scrap dealers who would litter disused motor parts on the major Olu-Obasanjo Road and drainages thereby causing serious traffic hold up on daily basis, also blocking the free flow of drainages to Ntawogba River.

He regretted that this singular act has caused the entire traders loss of huge sum of money as they could not operate their businesses for two weeks.

Also, Mr Agbaso Wagbara who alleged that the state government has imposed a levy of N1 million monthly on the dealers as sanitation fee and compulsory sanitation exercise in the area every Thursday of the week, urged the state government to review the alleged N1 million levy saying that the possibility raising such amount may not be visible due to lack of a leadership body in the market.

He cautioned that the issue should be handled with care so as not to allow some groups of persons use the avenue to dupe others.

Motorists who ply Olu-Obasanjo Road as well as those who patronise the spare parts market expressed their displeasure over the closure of  the road and the market by RSESA saying that at this time of fuel scarcity a journey they were supposed to make in 100r 15 minutes intervals now took them hours because they divert to Okija street before heading to Waterlines or the Garrison Junction loading points. They respectively said that the opening of the road has reduced the burden imposed on their transport business in that route.

They commended RSESA for clearing the scraps and disused motor parts obstructing the flow of traffic along the road as well as improving the overall sanitary condition of the place. 

Commenting on the issue, Press Secretary to the chairman  of Rivers State Environmental Sanitation Authority Executive chairman, Mr Olanikan Ige said that the resolve to shutdown Ikoku spare parts market was muted out of poor sanitary condition that besieged the area lately, stressing that scraps and disused vehicles were seen disrupting free flow of traffic along Olu-Obasanjo Road, also blocking the drain lives which led to regular flooding of the area.

He debunked the rumour that RSESA imposed a monthly N1 million sanitation level on the traders, saying that meetings and negotiations are ongoing between RSESA and the traders to fashion out the way forward and the basic amount to be paid as sanitation level. “You know that waste generation attracts payment” he added.

He explained that the temporary shutdown of the market was to enable government and the traders chart a course toward sanitising the area.

The press secretary lamented over the situation where the traders make huge sums of money without contributing a dine to the improvement of the business environment where they make the money, pointing out that no responsible government will allow that.  He confirmed that government has declared every Thursday of the week as sanitation day in public places like markets, parks, etc, noting that this is to ensure that business place are kept clean always.

Meanwhile, the Ikoku market has been opened temporarily while dialoguing and negotiations continues, he asserted.

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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