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Govt Compulsory Savings Hit N34bn

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Rivers State Government, says it has saved about N34 billion for the state’s monthly N1 billion compulsory saving scheme started about three years ago.

The Commissioner for Finance, Dr Chamberlain Peterside disclosed this on Monday during an interaction with newsmen in Port Harcourt.

Dr Peterside explained that the state government spends about N8 billion monthly on salaries, pensions and overheads, stressing that with the dwindling allocation from the Federal Government, there was need to scale up efforts at Internally Generated Revenue (IGR).

He hinted that Rivers State had the potentials to generate about 50 per cent internally like Lagos State that generates about 70 per cent internally to augment its federal allocation.

The Finance Commissioner said the state internal revenue sources generate about 10 per cent and attributed the lapses to leakages in the system, noting that strategic plans had been put in place to halt the trend.

According to him, the Ministry of Finance had undergone transformation in line with the vision of the governor to be transparent and accountable, emphasising that the accounting system had been modernised to meet global best practices.

Dr Peterside hinted that the ministry had taken over the pay rolling of workers’ salary since June 2012, and commenced the issuance of pay slips to workers, adding that the computerised system of record keeping would help in detecting errors in the process.

On government borrowing, the commissioner debunked insinuations that Rivers State Government was broke, pointing out that the borrowing was to finance specific projects to completion level and not to pay workers salaries.

He said the state government operates a centralised fund system for all arms of government which helps in proper categorisation of liabilities, noting that fund releases start with budgetary provision and due process before payments are made.

“In course of harmonisation in the system, we discover that some people in say level 8 or 9 take the salary of grade level 13 or above, but all that has been corrected and we shall no more have such kind of fraud, we are trying but give us more time,” the finance boss said.

Also speaking, the Executive Chairman, Board of International Revenue, Mrs Onone Osila Obelle-Oshoko said the board was trying to rebuild the confidence of residents of the state to pay their taxes.

She noted that the old tax system in Rivers State allows 5 per cent of workers basic, that is not found in any law but the current tax regime is based on the Gross Income as contained in the amended Tax Law.

The chairman harped on the need to enlighten the public by giving the right information, emphasising that the state was endowed with potentials to increase internally generated revenue.

Meanwhile, the Rivers State Government has signed an agreement with a United States firm, International Trauma and Critical Care Centre Limited (ITCC) to recruit staff and manage two world class hospitals, Professor Kelson Harrison’s Hospital and Maxilo-Facia Hospital in Port Harcourt.

The Commissioner of Health, Dr Sampson Parker, who signed the agreement on behalf of the government with the group at the Ministry of Health in Port Harcourt, said the agreement was to hand over the operation and management of the two hospitals for effective management and maintaining international standards.

“Our vision to allow an experienced international firm to run the hospitals was not to have gain, but to have quality and standard healthcare that would discourage people from going overseas in search of standard treatment.

We carefully selected ITCC group, an international medical group from among the bidders internationally, as the best experience in hospital operation and management to run the hospitals to international standards, where people all over the world would be coming for medical care, this is exactly the vision of this government under Governor Chibuike Rotimi Amaechi”, Dr Parker explained.

The commissioner urged the firm led by the Country Representative, Dr Sydney Ibeanusi to ensure that the vision of the state governor, Rt. Hon Chibuike Rotimi Amaechi to have quality health care was achieved.

He said, though the hospital would be completely run by the firm, which also has the power to recruit, sack, maintain and manage the hospital, the state ministry of health through the Hospital Management Board, would be playing the supervisory role on the hospitals like any other hospitals in the state.

According to the Health Commissioner, the two hospitals built and equipped a year ago would be commissioned before January, 2013.

He said the Prof Kelson Hospital is situated at the former Niger Hospital, at Emenike Street, Mile II, Diobu, Port Harcourt while Dental Maxilo-Facia Hospital is at Aba-Road, Opposite Garrison in Port Harcourt.

Dr Parker further disclosed that the hospital would also accommodate free medical, as money would be paid by the state government to the management of the hospitals for any free medical treatment referred to them.

Signing the agreement with the state government, the representative of International Trauma and Critical Care Centre Limited (ITCC) and National Project Co-ordinator, Dr Sydney Ibeanusi commended the state government for its commitment to give the people of the state and the country an international quality healthcare facility.

According to him, ITCC firm was an articulate concept to partner with professionals around the world to see how it could give out an international quality healthcare to the developing countries around the globe as it was the practice in developed countries like Israel, Russia, Europe, America, among others.

Dr Ibeanusi who noted that Rivers State Government was the first to embrace the group in Nigeria, promised to ensure an available, accessible and sustainable international quality healthcare that would meet the vision of the state governor.

He said with the signing of the agreement, the two hospitals would be put into effective operation before January 2013.

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Decentralizing Pipeline Surveillance Poses Greater Dangers To Niger Delta …. Group Warns

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A group of Eminent persons from the Niger Delta region under the aegis of The Niger Delta Watch Dog has warned the Federal Government against yielding to the call to decentralize pipeline surveillance in the region.

The Eminent persons who said this in a press release made available to newsmen in Port Harcourt said those calling for decentralization of pipeline surveillance are ignorant of the dangers it poses to the peace and stability of the Niger Delta.

.They argued that the proposal poses significant risk to the peace security and economic stability of the region.

According to the release” While decentralization is often perceived as a means of promoting inclusivity and local participation, in this specific context it poses significant risks to peace, security, and economic stability.

It further said”evidence from community dynamics across the region suggests that decentralization will cause more harm than good, leading to increased conflict, fragmentation of authority, and heightened threats to critical national infrastructure.
“By contrast, the centralized model currently implemented by Tantita Security Services under the leadership of Government Ekpemupolo Tompolo has demonstrated measurable success in stabilizing the region, reducing conflict, and safeguarding Nigeria’s economic lifelines”

While describing the Niger Delta region as the backbone of Nigeria oil and gas, it added that any changes in policy will lead to crisis in the region.

“The Niger Delta region remains the backbone of Nigeria’s oil and gas industry, hosting extensive pipeline networks that are vital to national revenue and economic sustainability.

“Given the sensitive nature of this infrastructure, the framework through which pipeline security is managed must prioritize stability, coordination, and conflict prevention.

“Any policy shift particularly toward decentralization must therefore be carefully evaluated in light of the region’s socio-political realities”
It said
The release jointly signed by Chief Idowu Asonja ,Ellington Pokumo the Public Relations officer of the group Comrade Douye kojo Isoun and others,

said decentralization will lead to escalation of Inter-Community land dispute, intensifies rivalry between groups as well as heightens the struggle against Territorial control among others.

“Decentralizing pipeline security will likely intensify existing disputes between neighbouring communities as many communities in the Niger Delta have been involved in conflicts over Land ownership and territorial boundaries as well as Control of natural resources and

“Claims over oil pipelines passing through their territories” adding
“Such instability not only disrupts social harmony but also directly endangers pipeline infrastructure, increasing the risk of vandalism, sabotage, and production losses”

It said the gains recorded so far by the present centralization policy should be preserve as any shifts could wrecked havoc in the region.

“Any policy shift must preserve these hard-earned gains. At this time, decentralization presents a significant risk, while the current system continues to offer stability, security, and economic assurance for the nation.

“It is therefore strongly advised that the Federal Government of Nigeria carefully scrutinize and ultimately disregard calls for the decentralization of pipeline security contracts. “Available evidence and prevailing realities suggest that such calls may not be driven by the broader national interest, but rather by narrow, self-serving agendas that could reignite conflict within the region, this we know the Government does not need” the group said

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RSIPA DG Unveils New Rivers Investment Pathway At BRACED Commission

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The Director-General of the Rivers State Investment Promotion Agency (RSIPA), Dr. Chamberlain Peterside, has used the platform of the revived BRACED Commission to unveil investment opportunities and plans in Rivers State.

 

The BRACED Commission just bounced back and has already held a roundtable in Port Harcourt preparatory to an economic summit in the near future.

The roundtable featured the investment promotion agencies of the cooperating states: Bayelsa, Rivers, Akwa Ibom, Cross River, Edo, and Delta states.

Dr Peterside not only chaired the roundtable but made presentations for Rivers State economic landscape.

He hailed the rebound of the BRACED Commission which did well at the onset. “The governors of the region were one and united for one cause. Then, politics came and everything scattered. The agenda is simple, to integrate the economy of the region into one strong bloc.”

He admitted that Rivers State’s investment promotion agency is very young, plus six months in the limbo of state of emergency. “This thus is a very unique opportunity to get resurgent momentum.”

He listed the achievements of RSIPA in the short period since its establishment, saying it has received numerous investment proposals.

“We’ve engaged actively with the private sector, both those currently operating in the state and those intending to invest. We do realize the fact that investment begins from domestic investors. and you have to guide them.

“Through outreach programmes and establishment of a One-Stop-Center (OSC), we have created a streamlined system for addressing investor needs, supporting their business operations. For the first time in Rivers State, prospective investors and small and medium enterprises now have a centralized hub that can address their challenges and find solutions that enable them to thrive.”

He outlined the plans ahead thus: “One of our cardinal focuses at RSIPA is to enhance the operating climate and improve the ease of doing business.

“We are committed to creating a vibrant and business-friendly environment that attracts and retains investment. We are also working closely with other ministries, departments, and agencies to harmonize our activities.

“Collaboration for us is key; we see Rivers State as a single ecosystem where all stakeholders work together to support investment inflow and build a favorable environment for businesses to flourish.”

For the region, he lamented the situation whereby “the carpet is shifting under our feet. The IOCs (international oil corporations) have moved offshore. The issue before us now is how should the region act now. We should target big ticket investment proposals. This is because some proposals will involve other states. There is thus need to collaborate.”

He gave examples of projects that cannot be for one state. “Railway system is not for one state. At the moment, there is no railway line that links Benin to Port Harcourt to Calabar. BRACED can push this agenda.

“There is an oil route from Opobo to Akwa Ibom where Sterling Oil is operating. It’s a route of interest. Governor Sim Fubara wants us to synergise with other states economically. The best time is now because all the governors are now in one political party.”

He called on all the agencies in the BRACED states to sell the idea to their governors.

“Let the governors know that BRACED task is not a competition but as a collaboration. We have the Niger Delta Development Commission (NDDC), the South-South Chambers of Commerce, Industry, Mines and Agriculture (SSCCIMA), the Niger Delta Chambers of Commerce, Industry, Trade, Mines, and Agriculture (NDCCITMA), etc. This is the ripest time to strike the iron.”

The Director General of the Bayelsa Investment Promotion Agency (BIPA), Mrs. Patience Ranami Abah, also shook the floor when she presented what she termed ‘Closing the Value Capture Gap’.

She showed how the states will win bigger by playing together to present an economic front.

David Franklin, a deputy director, who represented the Permanent Secretary, Federal Ministry of Industry, Trade, and Investment, Abuja, said investment in people is the beginning of prosperity.

“The South-South is the hub of power of Nigeria due to the hydrocarbon industry, blue economy, agriculture, tourism, etc.”

The Director General, BRACED Commission, Amb.Joe Keshi, in his welcome remarks, said the roundtable was themed around synchrosnising investment frontiers in a strategic framework for south-south economic integration.

The roundtable ended with a communique that recommended setting up a monitoring committee, and other organs to drive integration and investment.

Some of the key resolutions in the Communique issued at the end of the two-day symposium included the call for a BRACED Investment Promotion Charter with a harmonized Regional Investment Promotion Framework and a roadmap.

The Communique called for infrastructure alignment, uniform economic reforms, human capital development plan, and a technical oversight group.

The communique urged state governments, investors, and development partners to collaborate in transforming the BRACED states into a beacon of economic dynamism.

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Easter: DHQ Orders Troop Alert, Confirms US Support

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The Defence Headquarters has placed troops on nationwide alert ahead of the Easter celebrations, assuring Nigerians of tightened security.

The DHQ also reaffirmed that ongoing support from the United States is strengthening counter-terrorism operations, with a visible impact expected in the coming weeks.

Addressing journalists during the end-of-the-month briefing on Tuesday in Abuja, the Director, Defence Media Operations, Maj Gen Michael Onoja, assured citizens of heightened vigilance by troops during the Easter celebrations.

Onoja said the Armed Forces had already placed personnel on alert nationwide to prevent any security breach during the holiday period.

He added that similar measures were implemented during previous festive seasons, including Christmas and Eid-el-Fitr, and would be sustained.

“We know that festive seasons usually have heightened security activities. The military command gives instructions to ensure all personnel are on alert. This time will not be different,” he said.

He emphasised that security agencies would not relax despite the celebrations, noting that adversaries often attempted to exploit such periods.

“I can assure you that we will always be on alert, particularly at this period of festivities, because we know that the threats expect us to relax.

“But we are not going to relax. Everything will be okay for this Easter,” he added.

Speaking on the ongoing collaboration with the US forces, Onoja said the impact of the collaboration may not be immediately visible due to the nature of military engagements, but expressed confidence that the benefits would become evident in the coming weeks and months.

He said the U.S. support to Nigeria’s operations had been significant, particularly in the areas of intelligence sharing and training, noting that the assistance was being provided on favourable terms to strengthen ongoing counter-threat operations.

According to him, “You are aware that they are bringing intelligence and training support to us, which we need. They are giving that to us on very favourable terms. There are lots of things I cannot say because of confidentiality.”

He added that the intelligence being provided included information on the location of threats and hostile elements, stressing that Nigerian troops would act accordingly.

“All we can say is that these things take time. There is a gestation period when we are conducting military operations.

“You will not see it immediately, but in the next few months or weeks, you will feel the difference in the impact of the assistance that the U.S. is providing,” Onoja stated.

On February 16, 2026, DHQ confirmed the arrival of approximately 100 US military personnel and equipment at Bauchi Airfield.

According to the military high command, the personnel, who are not combat troops, were in Nigeria strictly for technical assistance, training, and advisory roles in counter-terrorism efforts.

However, insecurity has continued to surge in several parts of the country since their deployment, raising concerns about the effectiveness of the collaboration.

 

 

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