Niger Delta

Dickson Approves N10bn For Investment Corporation’s Take Off

Published

13 years ago

May 1, 2013

Bayelsa State Governor, Hon. Seriake Dickson has inaugurated the Bayelsa State Development and Investment Corporation (BDIC) with an initial take off grant of N10 billion, saying that the gesture was to enable the state diversify from oil and gas sector of the economy.

Disclosing this at the Inaugural Board Retreat of BDIC held at the weekend in Yenagoa, Governor Dickson said this would assist the corporation in performing its statutory functions, which include attracting local and foreign investors to the state, boosting its economic profile and providing an economic blueprint for the state.

Governor Dickson stressed the importance of the board members of the BDIC to participate in the present administration’s efforts to turn the economy of the state around, adding that it has become imperative for the state to diversify from the oil and gas sector of the economy in view of the non renewable natural resource and emerging global economic market trends.

According to him, “the new Bayelsa that we all crave for, the new Bayelsa that we actually deserve, that new Bayelsa can only be founded on prosperity and security. Government is building roads and bridges, schools and so on, but in vain do we do all of this, if these activities do not translate to economic prosperity and opportunities for our people”.

Stressing the need for active involvement of the Organised Private Sector (OPS) in the development process of the state, Hon. Dickson said government should have little or no business in running commercial enterprise, adding that his administration believes in free enterprise.

“Our government is a believer in free enterprise. It believes that the private sector is best suited to promoting enterprise, creating wealth, sustaining development. Government should, therefore, have very little business in running businesses”, he said.

On the expected role of the BDIC, the governor pointed out that the corporation was to serve as a catalyst for economic growth and prosperity, and not to usurp the functions of the ministries, departments and other agencies of the government.

He submitted, the BDIC is not intended to take the place of the ministries in this state. It is not a body that is higher than the ministries and government of this state. The BDIC’s role is not policy formulation. That will continue to reside in the State government and its formal organs. However, it will be the duty of the BDIC to drive those activities that are investment related.

“It is the instrument for driving investment; attracting investment and, directly investing. Also, because it is a creation of our laws, there will always be necessary collaboration with other organs of government”, he added.

In his bid to strengthen the economic base of the state and place it on a higher pedestal, Governor Dickson urged the management of BDIC to bring their wealth of experience to bear on the corporation’s mission, especially in the area of building a formidable conglomerate.

“We have instances of Odua Group of Companies and other similar bodies within this country. Outside the shores of the country, we have sovereign entities like Investment Development Corporation, (IDC), South Africa, and that of Rwanda and so many others.

“These models exist and that is the level we want to take our state to. Let me emphasise that going forward, all capital investment that have business elements will be undertaken by the BDIC”.

On the issue of funding, the governor disclosed, that “the BDIC will enjoy from now till the end of the current budget year, a capital injection of between N5billion-N10billin from the Government of Bayelsa State. This is to enable the BDIC perform effectively”.

Niger Delta

Make God Your Anchor To Fulfill Destiny, Cleric Charges Christians … As Jaja Marks 70th Birthday

Published

14 hours ago

December 5, 2025

The Tide

The Lead Pastor at Jesus Appointed People’s Bible Church, Ozogbe, Ikwerrengwo-Etche, in Etche Local Government Area of Rivers State, Pastor Promise Nwaelele, has urged Christians to make God the anchor of their lives in whatever position they find themselves, in order to attain the destinies set for them by God.

Pastor Nwaelele, who gave the charge recently in a sermon he preached at the 70th birthday anniversary thanksgiving service of Sir Donald Michael Jaja, a veteran journalist in Rivers State, said this is because any genuine child of God is a permanent target for destabilization and destruction by the devil.

Taking his text from the Bible book of Mark 4:16-17, the preacher stated that fulfilment in life for a child of God required faith, obedience to God’s word, humility and grace to withstand trials and temptations.

According to him, temptations and afflictions are bound to happen in the lives of those who have accepted Jesus Christ as their Lord and Savior.

“No wonder the Bible said that those that endure till the end shall be saved”, he said.

The Clergyman said God prospers believers who are humble, not proud and conceited, and leads them to destiny fulfilment.

“David said in Psalm 51:17, that the sacrifices acceptable to God are a broken spirit, not an impatient or proud spirit”, the preacher said.

He called on Christians not to allow persecutions and afflictions to sway them from the love and blessings of Jesus Christ.

On his part, Jaja, a seasoned Journalist who retired as an Acting Editor of the Rivers State Government-owned The Tide Newspaper, gave thanks to God for honouring him by giving him the grace of attaining 70 years.

“I cannot capture what the good Lord has done for me in my entire life in this fleeting moment of thanksgiving. But, I know that without Him, I wouldn’t have been who I am today, in all spheres. Therefore, my joy knows no bounds as I give thanks to my creator today, alongside my family. Praise be His holy name”, Jaja said.

Niger Delta

Remember Me As Fighter Against Sexual Harassment – UNICAL VC

Published

15 hours ago

December 5, 2025

The Tide

The outgoing Vice-Chancellor of the University of Calabar (UniCal), Prof. Florence Obi, has said she will want to be remembered for fighting sexual harassment and delayed results.

Obi made the remark recently at an event in Calabar, organised by the university to mark the end of her five-year tenure as the 11th substantive Vice Chancellor of the institution.

It would be recalled that Obi, whose tenure expired on November 30, was appointed Vice Chancellor on September 10, 2020, but officially assumed office on December 1, 2020.

She said her commitment to protecting students, especially the female ones, remained one of her greatest achievements as Vice Chancellor.

She said, “I fought against sexual predators and ensured timely release of students’ results to curb frustration within the institution.”

While expressing fulfilment at completing her tenure and thanking God for enabling her finish strong after five years in office, she said she would return to the classroom because teaching remained her passion.

Earlier, she addressed staff and students outside her office during a carnival-like, marching out parade in her honour, thanking them for their support throughout her administration.

She also encouraged them to support her successor to enable him to succeed and take the university to greater heights.

“This institution has recorded significant growth and I am confident that my successor will advance the progress already made”, she said.

The Tide’s source reports that under her leadership, the largest solar power plant in Cross River State was built in UniCal, ensuring stable electricity for the university and its teaching hospital.

Other achievements included upgrading the Faculty of Education to a College, getting Mass Communication accredited and elevated to a Faculty.

Her administration also constructed new hostels, introduced departmental scholarships, built a fire service station, and completed the Law Faculty complex.

Niger Delta

Oborevwori Presents N1.664tn 2026 Appropriations Bill

Published

17 hours ago

December 5, 2025

The Tide

Delta State Governor, Sheriff Oboreveori, on Wednesday, presented the 2026 Appropriation Bill of N1.664 trillion to the State House of Assembly.

Presenting the bill during plenary of the Assembly in Asaba, Oborevwori said, “I wish to announce a budget proposal of N1.664 trillion for the services of Delta State Government in 2026.”

He said the amount comprised the sum of N499 billion, representing 30 per cent of total budget for Recurrent Expenditure, and N1.165 trillion representing 70 per cent of total budget for Capital Expenditure.

The Governor added that the 2026 budget size indicated an increase of N685 billion, or 70 per cent over the 2025 Appropriation.

He also said sources of funds for the 2026 budget as proposed would be mainly from statutory allocation, internally generated revenue, mineral derivation, and Value Added, Tax among others.

Giving breakdown of the budget proposal, he said the state was earmarking N450 billion for road projects across the state in the 2026 fiscal year.

He said, ”A well-developed road infrastructure is a catalyst for economic growth.

”It facilitates easy movement of goods and services, reduces transportation costs, attracts investment, and improves access to markets and thereby boosting socio-economic development and generating employment opportunities.

”Agriculture is key to economic diversification and sustainable development.

”We shall continue to devote considerable attention and resources to fast-track developments in the agricultural sector towards enhancing food security in Delta State.

”This will also enable economic diversification, promote self-reliance, and generate employment opportunities.”

The Tide’s source reports that the sum of 10 billion has been earmarked for the Ministry of Agriculture and Natural Resources in the 2026 Budget.

Oborevwori, who is the immediate past Speaker of the Assembly, commended the House for its partnership and urged members to expedite consideration and passage of the budget to sustain ongoing development momentum.

He reaffirmed his administration’s commitment to building “a prosperous, secure, and stronger Delta where no one is left behind.”

In his remarks, the Speaker of the State House of Assembly, Mr. Dennis Guwor, commended Oborevwori’s administration for the steady strides recorded under the “Renewed Hope for MORE Agenda”.

”Over the past year, we have witnessed sustained investments in critical infrastructure, impactful social interventions, prudent fiscal management of resources, and strategic initiatives aimed at promoting peace, security, and economic stability across the State”, he said.

Guwor also commended the Governor for approving the Consolidated Legislative Salary Structure (CONLESS) and initiating the construction of permanent offices for the Assembly Service Commission.

He assured the Governor of the Assembly’s resolve to undertake a thorough and timely review of the appropriation bill, stressing that the Legislature remains committed to people-centered governance, accountability, and equitable development.

“Your Excellency, I want to assure you that the entire Members of this 8th Assembly are united behind your vision for the transformation of the State.

”While our roles in government are distinct and protected by the Constitution, our objectives remain aligned; delivering the greatest good to the greatest number of the people of the state”, he stated.