Business

GPHCDA Scores Self Low On Dev Control, Enlightenment

Published

14 years ago

June 15, 2012

The Board of The Greater Port Harcourt City Development Authority (GPHCDA), said it cannot claim to have satisfied the state governor with the progress it has achieved so far, especially regarding the control of urban sprawl in the Greater Port Harcourt area.

The Administrator of the Authority, Dame Aleruchi Cookey-Gam, disclosed this in her welcome address/ progress update for the 2012 GPHCDA Board Retreat at the Rivers State Government-owned Songhai Centre, Bunu Tai, in Tai Local Government Area, on Wednesday.

She said that the Board had, in the three years of its existence, not operated at an optimal level, adding that the Management has failed to sufficiently engage all stakeholders and keep them informed on GPHCDA programmes, projects and processes for regulation and enforcement.

The former secretary to the state government, however, praised the Board for being on course in the actualisation of the Authority’s mandate and for holding a promise to increase the tempo of its activities in the New City’s development.

On the significance of the theme of this year’s retreat: ‘GPHCDA-Road Map To 2015,’ Cookey-Gam said that since the Amaechi administration would come to an end in May 2015, it becomes imperative that while the Board continues to work in the long term towards the actualisation of its goals, members must also have a clear picture of what they intend to achieve collectively between now and the end of the administration.

The Chairman of GPHCDA, Chief Ferdinand Alabraba, had in his opening remarks reminded his board members that they were in the last lap of their four-year tenure and as the pioneer board of Greater Port Harcourt, it is important that they begin to reflect on their activities so far and assess the efficacies of such towards the fulfillment of the Authority’s mandate.

He expressed the hope that this will enable them to effect necessary adjustments as may be required and also reposition members to achieve the desired objectives.

Delivering a keynote address, the Minister of Land, Housing and Urban Development, Ms Ama Pepple, commended the attempt by Governor Amaechi to develop a new city out of the old Port Harcourt City.

Represented by the Director of Lands in her ministry, Mrs. Georgey Ogbutor, the minister assured the state government of her ministry’s support in undertaking the Greater Port Harcourt project.

She said that her ministry, in recognition of the importance of cities as centers of economic growth and development, considered the building of a new town for each of the six geo-political zones in the country, including the Federal Capital Territory.

Meanwhile, the Greater Port Harcourt Authority said it has paid a total sum of N5.5 billion as compensation to 226 individual and community claimants.

This was contained in a progress update presented to participants at the opening ceremony of a three-day retreat for board members of the Authority at the Rivers Songhai Centre in Bunu Tai.

Making the presentation, the Administrator of GPHCDA, Dame Aleruchi Cookey-Gam, said that the figures comprised the N3.978 billion paid to 111 individual and community claimants by the Chief Orabule Adiele Compensation Committee and the N1.538 billion disbursed to another set of 115 such claimants by the Authority as at June 11, 2012.

Other speakers at the event include the Chairman, Committee on Greater Port Harcourt and NDDC in the State House of Assembly, Hon. Sam Eligwe, who gave a goodwill message and facilitators from Samuelson Consulting and Skye Bank Plc.

Ibelema Jumbo

Business

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

Published

9 hours ago

April 10, 2026

The Tide

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

Business

NPA Targets N1.489tn Revenue In 2026

Published

10 hours ago

April 10, 2026

The Tide

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

Business

NPF Disburses ?21.68m To Fallen Heros’ Families …Reinforce Welfare Commitment

Published

10 hours ago

April 10, 2026

The Tide

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