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Empowerment And Rivers People

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Human resources re
main of primary importance to the development or growth of a nation. Development is enhanced through a continual improvement in the life of the citizenry together with rising economic index. Realistically, a country or state can look forward to a future of successful results and great satisfaction only if the signs and vision are excellent. And to actualize an excellent vision, there is need for innovation and understanding in order to best face future challenges.
This is why the Rivers State Governor, Chief (Barrister) Ezenwo Nyesom Wike, acknowledges that the prosperous future of the state depends on making it economically strong and self-reliant. To realize this, he said his administration shall develop and implement an economic blueprint that leverages on our strengths to make Rivers State the industrial hub of Nigeria in oil and gas, agriculture, maritime and tourism businesses. In addition, the state’s chief executive stated that in growing and managing our economy, we will focus on poverty alleviation or reduction through job creation and expanding business opportunities for our people.
“We intend to achieve this in part, by encouraging Rivers people to participate in both the upstream and down-stream sectors of the oil and gas industry and also through a strategic engagement drive, ensure that our people benefit from the local content policy of the oil, gas and maritime industries”, he emphasised.
He further disclosed that the present administration would ensure that the fruits of development get to every part of the state, including the rural areas by implementing an integrated action plan that takes the entire state into consideration.
There are dissenting opinions that incoming or new government-federal and state are very good at making bogus promises and exaggerating their intentions for the people, which sometimes generates controversies at the end of the day among critics. With the abundance of high valuable resources bestowed on Rivers State, it is hoped that the Governor Wike-led administration would utilize the available resources to speed up or fast-track the economic growth of the state. What we witnessed during the immediate past regime in the state was a seeming exploitation and extortion of Rivers natural and human resources as well as destructive ethnic rivalries that stalled industrialization and prosperity in the state. Rivers people have not had an equal opportunity to develop in the ways that suit them. Acute or abject poverty is staring on the faces of the people and they are yearning for the alleviation of the scourge.
At a presentation ceremony of refrigerators, power generators and other empowerment facilities to members organized by an NGO, the National Clergy forum (NCF) at Igwuruta recently, the Rivers State Government said that one of its cardinal objectives is to alleviate poverty among the people through different forms of empowerment scheme.
The government, which spoke through the Special Assistant to the Chief of Staff, Government House, Port Harcourt, Hon. Prince Obi Wali  K., at the occasion, said it would partner with and support organization with the objective to fight poverty among Rivers people and commended the NCF for the bold step to help people.
Also speaking at the occasion, the National President of the NCF, Bishop Hyginus Ndukaife, said that apart from distributing equipment, the organization helps members to access loans to establish or expand their business. “We do it to help the people at the grassroots as a way of poverty reduction and to check youth restiveness among youths”, he stated.
Rivers State Chairman of the NCF, Bishop-elect Emmanuel Onyebuchi explained that the organization was a non-denominational one with a broad objective and vision to collaborate with banks in Nigeria to provide financial and material assistance to its members. According to him, the NCF aims to provide means of eradicating poverty through active grassroots participation in a financial relationship between the organization and its members.
The National Clergy Forum is registered and inaugurated both at national and state levels with a clear set of objectives which include eradication of poverty among believers and non-believers that registered through grassroots approach and provision of financial and material assistance through collaboration with banks and government agencies.
Rivers State needs rapid development now more than ever before and emphasis should be placed on poverty eradication or reduction. The people need more food and money to feed, own their houses, establish their businesses and provide standard education for their children and many others, including access to good drinking water, electricity and healthcare services.
Globally, the issue of poverty reduction has become unavoidable considering the increasing population, which means that more and more resources are being consumed and not all are renewable. Rivers people are not happy about their conditions, they must develop to assert themselves, to compete with the wealthy ones, and to create structures and institutions that can withstand the present economic trend. In short, the high poverty level and poor economic situation calls for an aggressive economic system that can meet the multi-faceted environmental, economical and social challenges militating against sustainable development in the state.
There seems to be a lack of political will to address squarely the economic challenges confronting the state as it is common in the Niger Delta region, where unchecked oil drilling and exploitation have inflicted tremendous damage on the ecosystem, health and livelihoods of the people. It is the wish of Rivers people that the present administration would make significant investments in social and economic infrastructure across the state and particularly and urgently too, build the economic capacity of the various communities to give them a sense of belonging.
Infrastructural development at the grassroots is very important in driving and sustaining the states growth momentum. The state has over the years built the human capacity and expertise to package and support the government to put in place the right infrastructure deals that would deliver value to the majority of Rivers people and support economic growth.
It is believed that the Wike-led administration recognizes the significant efforts and foundations already laid in this direction to showcase the state’s infrastructure investment, so it now behoves it (government) to critically increase the required finance and industrial base to develop and implement the state’s unparalleled infrastructure investment opportunities to tackle poverty among the citizenry.
It is also pertinent that the government creates a more conducive environment for both foreign and local investors. This has been a major challenge facing the state due to insecurity and lack of steady electricity supply.
This government should create an enabling environment where manufacturers could operate at optimal level and turning out quality products. All the moribund government companies should be revived and repositioned with innovations that could appeal to different segments of the society, including the youth and women.
There is a great need for full inclusion of the youth in our new approach to development if we must move forward.
The truth is that most indigenes of Rivers State are finding it hard to cope with the daily rising economic hardship and inflation due to the fact that prices of commodities have gone through the roof and out of their reach coupled with low cash flow into their hands, thereby escalating the crime rate. Something should be done urgently. Over 85 per cent of Rivers people are living below the poverty line and they need a rescue from the present administration.

 

Shedie Okpara

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NEM Insurance celebrates IWD 2026 with pledge to sustain support for women endeavour

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NEM Insurance Plc – the number one motor insurance provider in Nigeria, in a vibrant commemoration of the 2026 International Women’s Day (IWD), has reaffirmed its dedication to fostering an inclusive environment that empowers women to excel in their endeavours.
Speaking at the corporate headquarters in Lagos, the Chairman of NEM Insurance Plc, Tope Smart, stated that the company remains resolute in its mission to support women affairs, noting that their contributions are vital to the sustainability of the insurance industry.
Aligning with the global theme “Give To Gain,” Smart highlighted that the insurance provider views gender diversity not just as a corporate social responsibility, but as a core driver of innovation and high-level performance.
“Our commitment to female professionals at NEM Insurance is unwavering,” Smart declared. “We recognize that by ‘giving’ women the right tools, mentorship, and leadership platforms, the industry ‘gains’ unparalleled dedication and diverse perspectives that move the needle of progress.”
The multiple award winning underwriting company and one of the top three leading general insurance business companies in Nigeria, has remained focused in promoting and supporting women affairs.
Adding her voice to the celebration, the General Manager, Corporate Services, Mrs. Mojisola Teluwo, emphasized that the company’s gender-focused initiatives, such as the “She Means Business” contest, represent a practical approach to inspiring inclusion.
Mrs. Teluwo maintained that supporting women-led initiatives is a strategic investment in the fabric of society, rather than just a philanthropic gesture.
“At NEM Insurance, we believe that when a woman thrives, a family thrives, and the nation prospers,” Mrs. Teluwo stated. “The ‘She Means Business’ initiative is our way of moving beyond mere applause for women toward active, tangible support. We are proud to provide the financial catalyst needed for visionary women to turn their business aspirations into reality.”
To mark the occasion, the leadership outlined several key pillars of support:
Leadership Development: Targeted training programs to prepare more women for executive-level decision-making.
Inclusive Work Culture: Sustaining a workplace environment that balances professional growth with personal well-being.
Economic Catalyst: Providing grants and professional frameworks to help female entrepreneurs upscale their operations.
The event featured a series of internal sessions where female staff engaged in mentorship dialogues, focusing on career advancement within the evolving landscape of the Nigerian insurance sector and paint and Sip, which provided an opportunity for women to showcase their creativity.
Smart concluded by urging other industry stakeholders to prioritize the development of female talent, asserting that a more inclusive sector is a more prosperous one for all Nigerians.
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Nigeria: Profit-Taking Persists as NGX Dips Marginally by 0.2%

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Trading on the Nigerian Exchange (NGX) closed slightly lower on Wednesday as profit-taking in selected equities continued to weigh on the market, dragging key performance indicators into negative territory.
Market data showed that the benchmark All-Share Index (ASI) declined by 0.09 per cent to close at 195,898.53 points, compared with the previous session’s level, as investors booked profits in some large and mid-cap stocks.
Consequently, market capitalisation shed N107.57 billion, settling at N125.75 trillion. Despite the marginal decline, the market still maintained positive returns, with the month-to-date gain standing at 1.6 per cent, while the year-to-date return moderated to 25.89 per cent.
The downturn was largely driven by losses recorded in stocks such as Presco Plc and UAC of Nigeria Plc, both of which declined by 10 per cent, alongside Dangote Cement Plc, which slipped by 0.6 per cent.
Market breadth closed negative, reflecting bearish investor sentiment, as 40 stocks recorded losses compared with 29 gainers, translating to a market breadth ratio of 0.7 times.
Among the top gainers were NGX Group Plc and Premier Paints Plc, which appreciated by 10 per cent and 9.9 per cent respectively. Other notable gainers included Omatek Ventures Plc, Prestige Assurance Plc and HMC Allied Plc.
On the losers’ chart, Presco Plc and UAC of Nigeria Plc led the decline with 10 per cent losses each, followed by Morison Industries Plc, LivingTrust Mortgage Bank Plc and SCOA Nigeria Plc.
Sectoral performance was mixed, with the Industrial Goods index leading the gainers after advancing by 1.42 per cent, while the Banking index recorded a marginal gain of 0.04 per cent.
Conversely, the Commodities sector topped the laggards, declining by 1.30 per cent. The Insurance index fell by 0.44 per cent, the Consumer Goods index dipped by 0.43 per cent, while the Oil and Gas index edged down by 0.06 per cent.
Activity level on the exchange weakened as investors traded a total of 671.27 million shares valued at N26.13 billion in 58,792 deals.
This represents a decline of 8.61 per cent in volume, 5.18 per cent in value and 9.31 per cent in the number of transactions compared with the previous trading session.
Wema Bank Plc emerged as the most actively traded stock by volume and value, accounting for 106.36 million shares worth N2.75 billion.
Analysts said the cautious mood in the market reflects continued portfolio rebalancing by investors following the strong rally recorded earlier in the year.
They noted that trading may remain mixed in the near term as investors react to corporate earnings releases and macroeconomic development.
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Wema Bank Admits 10 Startups into Hackaholics 2026

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Wema Bank has admitted 10 Nigerian startups into the 2026 edition of its Hackaholics Accelerator Programme as part of efforts to strengthen innovation, entrepreneurship, and sustainable business growth in the country.
The 10 cohort selected startups for the 2026 edition such as; Farmslate, Ploy, Stocmed, Feest , Varsityscape, MamaAlert, Sane, Cyclex, Kieva and Loocomo were drawn from the top performing finalists of Hackaholics 6.0.
The Hackaholics Accelerator, a selective growth programme under the bank’s Hackaholics platform, is designed to help promising startups reinforce their business foundations while preparing them for scalable growth and investment readiness.
Wema Bank said the programme represents a strategic expansion of its support for innovators, moving beyond ideation and competition to hands-on startup development after six years of driving innovation through the Hackaholics initiative.
According to Wema bank, the accelerator provides founders with structured mentorship, industry guidance and access to networks required to transform innovative ideas into viable and scalable businesses.
Speaking at the programme, Managing Director and Chief Executive Officer of Wema Bank, Mr. Moruf Oseni, said the accelerator demonstrates the bank’s commitment to supporting founders beyond the early stages of innovation.
He noted that Hackaholics has evolved from a competition into a platform that showcases Nigeria’s entrepreneurial potential and technological creativity. Where he explain that the second edition of the accelerator focuses on helping founders transition from ideation to building sustainable business capable of long trem projects .
“Over the past six years, Hackaholics has grown into more than a competition; it has become a platform that reveals the depth of innovation and entrepreneurial potential that exists across Nigeria,”Oseni said.
Oseni stressed that the startups selected are representing some of the most promising solutions emerging from the Hackaholics ecosystem, and the back remain committed to helping them refine their business models, strengthen their operational foundations, and scale their impact.
Also speaking at the program , Wema Bank’s Chief Transformation Officer,Mr. Babatunde Mumuni, said the accelerator would guide founders through a structured process aimed at strengthening their operations and positioning them for sustainable growth.
As part of the programme, startups founders will participate in intensive training sessions facilitated by industry experts across key areas of business growth. Facilitators include Wema Bank executives such as Chief Transformation Officer, Babatunde Mumuni; Head of Strategy and Investor Relations, Femi Akinfolarin; Head of Data Transformation, Olamide Jolaoso; and Team Lead, Corporate Social Investment, Oluwatoyin Adetunji. While External facilitators include Managing Director of Impact Hub Lagos, Idowu Akinde; Managing Director of B4B Partners, Napa Onwusa; startup advisor and scout, Onaopemipo Dara; Google for Startups mentor, Rosemond Phil-Othihiwa; Head of Growth at Africhange, Tega Ogigirigi; and startup advisor and mentor, Ademola Adewuyi.
The Hackaholics Accelerator is also supported by Wema Bank’s broader innovation ecosystem, including IDEAx Labs, the bank’s innovation and venture platform, and its corporate venture programme focused on enabling startup growth through partnerships, infrastructure and access to capital.
Since its launch in 2019, Hackaholics has grown into one of Nigeria’s leading youth innovation platforms, attracting more than 15,000 applicants and supporting hundreds of digital solutions across multiple sectors.
Through the initiative, Wema Bank said it has disbursed more than $400,000 in funding to young innovators and startup founders nationwide.
Previous participants such as Feegor, Myitura and Bunce have emerged from earlier editions of the programme, highlighting the accelerator’s focus on nurturing growth-ready companies. Meanwhile the 2026 edition builds on this progress by supporting startups as they transition from innovation to sustainable business growth.
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