Opinion
Rivers Investment Forum And GPHC
The viability of every
nation-state depends on the structure and strength of its economy, Nigeria is no exception. The potency of every nation is assessed based on the level of infrastructure and human development.
In that regard, the private sector and other stakeholders will not forget in a hurry the limitless investment opportunities in Rivers State, especially in the oil and gas sector, and in the Greater Port Harcourt Mega City, aimed at decongesting the Garden City to ensure a sustainable urban growth.
The collaboration between government and the private sector is a powerful tool for attracting private investment. This, however, lays credence to the fact that the Rivers State Government strongly believes in the strategic role of the private sector as the driver of economic development in the society.
Little wonder the former British Prime Minister, Gordon Brown, in his keynote address said: “Rivers State is a success story in Africa and the world – the sustenance of her prosperity does depend on massive infrastructural development”. This is exactly the priority of Governor Amaechi’s administration in the state.
Rivers State accounts for 100% of the Liquefied Natural Gas exports from Nigeria and over 40% crude oil produced onshore and 10% of the nation’s GDP.
Port Harcourt and its environs over the years witnessed astronomical increase in size without a commensurate expansion in its public infrastructure, creating unacceptable urban sprawl. This has resulted in chaotic traffic congestion and the emergence of slums within the city.
Dame Aleruchi Cookey-Gam, GPH Administrator, stated that: “This conference no doubt would not have come at a better time than now, as it has settled the issue of political will to implement the project. She surmised, adding that “the New City Master Plan will curb the spate of unstructured development”.
Where the urban regeneration process starts with the upgrading of infrastructure in the Old City, the New City Master Plan concentrates on the New City Area, refining the Urban Development Framework and providing a town plan at district levels supported by clear planning principles and intensive development control regulation.
In furtherance of clear planning, there are categories of roads. A 6 lane freeway will link both cities starting from UTC Junction to the Central Business District, while the M10 free way will connect the two major anchors – the Port Harcourt International Airport and the Onne Seaport. Other investment opportunities include: housing, shopping complex, 18 hole golf course, power generation and transmission, transportation etc.
Mrs. Cookey-Gam, at a meeting with the Builders Association of Nigeria recently, re-emphasized that the Authority would conform to quality standards in the execution of all projects. Other professional bodies collaborating with the Authority are: The Nigerian Institute of Architects and international organizations like UNoPs, AFDB, United Nations Habitat, Shelter Afrique etc. are seeking ways of collaborating with GPHCDA.
In protecting investment, the Rivers State Government has provided a strong legal framework that provides regulatory mechanism, as well as reduce the risk of any policy reversal by future administrations. These include:
The GPHCDA Law No.2 of 2009 which mandates the Authority to protect private investment (local and foreign), procure from state government; guarantees, letters of comfort, indemnities and undertakings, the Public Procurement Law No.4 of 2008 which also established the Bureau of Public Procurement which ensures a fair, transparent and well managed procurement process and the Public Private Participation in Infrastructure Law No.5 of 2009 to facilitate and regulate partnerships between the public and private sectors.
Other incentives for investors may include tax holidays, in exceptional cases availability of land and clear guidelines for smooth operations, which makes the Greater Port Harcourt project safe and investment friendly.
Ikeokwu wrote from Port Harcourt.
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Empowering Youth Through Agriculture
Quote:”While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries”.
The Governor of Rivers State, Sir Siminalayi Fubara, recently urged youths in the Rivers State to take advantage of the vast opportunities available to become employers of labour and contribute meaningfully to the growth and development of the State. Governor Fubara noted that global trends increasingly favour entrepreneurship and innovation, and said that youths in Rivers State must not be left behind in harnessing these opportunities. The Governor, represented by the Secretary to the State Government, Dr Benibo Anabraba, made this known while declaring open the 2026 Job Fair organised by the Rivers State Government in partnership with the Nigeria Employers’ Consultative Association (NECA) in Port Harcourt. The Governor acknowledged the responsibility of government to create jobs for its teeming youth population but noted that it is unrealistic to absorb all job seekers into the civil service.
“As a government, we recognise our duty to provide employment opportunities for our teeming youths. However, we also understand that not all youths can be accommodated within the civil service. This underscores the need to encourage entrepreneurship across diverse sectors and to partner with other stakeholders, including the youths themselves, so they can transition from being job seekers to employers of labour,” he said. It is necessary to State that Governor Fubara has not only stated the obvious but was committed to drive youth entrepreneurship towards their self-reliance and the economic development of the State It is not news that developed economies of the world are skilled driven economies. The private sector also remains the highest employer of labour in private sector driven or capitalist economy though it is also the responsibility of government to create job opportunities for the teeming unemployed youth population in Nigeria which has the highest youth unemployed population in the subSahara Africa.
The lack of job opportunities, caused partly by the Federal Government’s apathy to job creation, the lack of adequate supervision of job opportunities economic programmes, lack of employable skills by many youths in the country have conspired to heighten the attendant challenges of unemployment. The challenges which include, “Japa” syndrome (travelling abroad for greener pastures), that characterises the labour market and poses threat to the nation’s critical sector, especially the health and medical sector; astronomical increase in the crime rate and a loss of interest in education. While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries.
While commending the Rivers State Government led by the People First Governor, Sir Siminilayi Fubara for initiating “various training and capacity-building programmes in areas such as ICT and artificial intelligence, oil and gas, maritime, and the blue economy, among others”, it is note-worthy that the labour market is dynamic and shaped by industry-specific demands, technological advancements, management practices and other emerging factors. So another sector the Federal, State and Local Governments should encourage youths to explore and harness the abounding potentials, in my considered view, is Agriculture. Agriculture remains a veritable solution to hunger, inflation, and food Insecurity that ravages the country. No doubt, the Nigeria’s arable landmass is grossly under-utilised and under-exploited.
In recent times, Nigerians have voiced their concerns about the persistent challenges of hunger, inflation, and the general increase in prices of goods and commodities. These issues not only affect the livelihoods of individuals and families but also pose significant threats to food security and economic stability in the country. The United Nations estimated that more than 25 million people in Nigeria could face food insecurity this year—a 47% increase from the 17 million people already at risk of going hungry, mainly due to ongoing insecurity, protracted conflicts, and rising food prices. An estimated two million children under five are likely to be pushed into acute malnutrition. (Reliefweb ,2023). In response, Nigeria declared a state of emergency on food insecurity, recognizing the urgent need to tackle food shortages, stabilize rising prices, and protect farmers facing violence from armed groups. However, without addressing the insecurity challenges, farmers will continue to struggle to feed their families and boost food production.
In addition, parts of northwest and northeast Nigeria have experienced changes in rainfall patterns making less water available for crop production. These climate change events have resulted in droughts and land degradations; presenting challenges for local communities and leading to significant impact on food security. In light of these daunting challenges, it is imperative to address the intricate interplay between insecurity and agricultural productivity. Nigeria can work toward ensuring food security, reducing poverty, and fostering sustainable economic growth in its vital agricultural sector. In this article, I suggest solutions that could enhance agricultural production and ensure that every state scales its agricultural production to a level where it can cater to 60% of the population.
This is feasible and achievable if government at all levels are intentional driving the development of the agricultural sector which was the major economic mainstay of the Country before the crude oil was struck in commercial quantity and consequently became the nation’s monolithic revenue source. Government should revive the moribund Graduate Farmers Scheme and the Rivers State School-to-Land agricultural programmes to operate concurrently with other skills acquisition and development programmes. There should be a consideration for investment in mechanized farming and arable land allocation. State and local governments should play a pivotal role in promoting mechanized farming and providing arable land for farming in communities. Additionally, allocating arable land enables small holder farmers to expand their operations and contribute to food security at the grassroots level.
Nigeria can unlock the potential of its agricultural sector to address the pressing needs of its population and achieve sustainable development. Policymakers and stakeholders must heed Akande’s recommendations and take decisive action to ensure a food-secure future for all Nigerians.
By: Igbiki Benibo
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