Niger Delta

A’Ibom Govt Ready To Invest In Pension Equities

Published

10 years ago

October 9, 2015

The Akwa-Ibom State Government says it is ready to invest in the pension industry to generate income for the state.
Governor Udom Emmanuel stated this in an interview with newsmen on the sidelines of the on-going World Pension Summit in Abuja.
He said that the accumulation of 5 trillion naira pension fund in the country could create a lot of investment opportunities for interested investors.
“The main reason for this is with over 5 trillion naira, which is over 25 billion dollars, we have a whole lot of investment opportunity where we are doubly sure the pension fund can actually be invested and they can also realise the money because that is the essence of investment.
“You don’t invest to lose your capital; you invest to actually get adequate return on your investment.
“Even in terms of road infrastructure, the economic viability of the roads in the South South (zone) is being linked up by Akwa-Ibom.
“So, we can actually earmark some of these for the investors to come under the PPP (public private partnership) model.
“We as a state government will also be interested in taking up some equity.“
The governor said that pensioners in the state were receiving their monthly pension regularly.
According to him, the state government has been concentrating on the development of infrastructure in the past few months.
“We have concentrated on some of this infrastructures, especially in terms of the human capital development,” he said.
Emmanuel said that the state had the natural resources and the creativity to drive development in all sectors of the economy.
He, however, said that adequate funding was required to develop the infrastructure needed to drive the development process.
“You could actually hear when I talked about the three Cs – cash, commodity and creativity.
“In this case we are creative in ideas, policies and in our approach on programmers that we invent.
“In terms of commodity, we all know how wealthy we are in terms of the abundant natural resources.
“Cash could be a problem, but who owns the cash? It is either the capital market or the pension fund,” he said.
Emmanuel advocated the setting up of an institution that would ensure proper and accurate remittance of pension contributions.
“Once you set up strong institutions, those things are mere administrative.
“We are after building those strong institutions so that processes and procedures can actually run normally.
“So, set up strong institutions and things will happen – policies, procedures and processes will actually run,’’ he said.

Niger Delta

Okpebholo Assures Corps Members Of Improved Welfare

Published

2 days ago

January 28, 2026

The Tide

Edo State Governor, Monday Okpebholo, has assured corps members deployed to the state of improved welfare and a supportive service year.

Okpebholo gave the assurance at the swearing-in ceremony of the 2026 Batch ‘A’ Stream I corps members last Friday at the National Youth Service Corps (NYSC) Permanent Orientation Camp in Okada.

The Governor also reaffirmed his administration’s commitment to youth empowerment, safety and entrepreneurship.

Represented by the Commissioner for Youth Affairs, Mrs. Charity Amayaenvbo, the Governor urged corps members to embrace innovation, community service and self-reliance rather than wait for white-collar jobs.

“Edo is committed to supporting youth empowerment, entrepreneurship and incentives that turn ideas into enterprises.

“Do not wait for jobs, create value. Wherever you are posted, serve your host community with humility, dedication and compassion.

“Have a positive footprint and let your service contribute to unity, productivity and progress,” he said.

Okpebholo assured the corps members that the state government was attentive to their welfare and had started addressing key concerns raised by the NYSC leadership.

“On behalf of the state government, I assure you of our support in terms of safety, an enabling environment and a rewarding service year.

“I listened carefully to the requests highlighted by the state coordinator, and I am glad to inform you that some of them have already been captured in the 2026 budget, which has been approved and signed into law,” he said.

The Governor noted that provisions for accommodation, meal subsidies, logistics and the construction of a multipurpose hall at the camp were included in the budget.

Earlier in her address, the Edo State Coordinator of the NYSC, Dr. Frances Ben-Ushie, described the ceremony as a reflection of the state government’s commitment to youth development and national integration.

Ben-Ushie said as of midnight on Thursday, a total of 1,235 prospective corps members, comprising 531 males and over 700 females, had been duly registered.

She congratulated the corps members on their enlistment into what she described as a “noble scheme,” urging them to embrace discipline, learning and active participation throughout the orientation course.

“The NYSC platform provides a unique avenue to meet people from diverse backgrounds, build lifelong friendships and create networks that can open doors to greater opportunities,” she said.

Ben-Ushie also highlighted the contributions of the NYSC to the state’s development, noting that the scheme had consistently provided skilled manpower, promoted labour mobility and strengthened national unity.

She cited initiatives such as the Health Initiative for Rural Dwellers and the Skills Acquisition and Entrepreneurship Development programme as key interventions benefiting communities across the state.

The NYSC coordinator commended the state government for its support, including the provision of buses for corps members, and appealed for further intervention to address lingering operational challenges at the orientation camp.

She expressed confidence that resolving the issues would enhance the effectiveness of NYSC programmes in the state and thanked the Governor for prioritising the welfare, security and growth of corps members.

Niger Delta

PDP Declares Edo Airline’s Plan As Misplaced Priority

Published

2 days ago

January 28, 2026

The Tide

The Edo chapter of the Peoples Democratic Party (PDP) on Friday condemned the state government’s reported plan to establish a state-owned airline.

The party, in a statement by its Edo State Publicity Secretary, Mr. Dan Osa-Ogbegie, described the proposal as a misplaced priority and evidence of poor, disconnected governance.

The Tide’s source reports that the State Governor, Monday Okpebholo, unveiled the airline plan during a meeting with Aviation Minister, Mr. Festus Keyamo, in Abuja.

Osa-Ogbegie said the proposal showed a government out of touch with the pressing challenges confronting Edo State residents.

“At a time of decaying infrastructure and stalled projects, establishing an airline is unrealistic and profoundly insensitive”, he said.

He argued that airlines were capital-intensive and technically demanding, noting that similar state-owned ventures in Nigeria had largely failed.

According to him, Benin has become a shadow of what a modern state capital should be.

He decried poor roads, collapsed urban planning, neglected drainage systems and weak municipal services across the state capital.

“This is a crying shame for a city of Benin’s history, heritage and enormous potential”, he said.

Osa-Ogbegie said several inherited projects had stalled or deteriorated, eroding investor confidence and undermining economic growth.

He accused the governor of pursuing “white elephant projects that offer optics without substance.”

He also cited ongoing flyover projects in parts of Benin as examples of poor prioritisation.

Against this background, he described the airline proposal as diversionary and lacking economic sense.

“When roads are barely motorable and services overstretched, proposing an airline betrays an absence of judgment,” he said.

He urged the government to abandon the plan and focus on people-centred priorities that would improve living conditions and spur growth.

“Edo does not need an airline to fly above its problems. It needs a government ready to confront them on the ground,” he said.

He warned that failure to refocus would deepen perceptions of an administration lacking direction, competence and a coherent development agenda.

Niger Delta

Students Protest Non-indigene Appointment As Rector in C’River

Published

2 days ago

January 28, 2026

The Tide

Students of Federal Polytechnic, Ugep, Cross River State, have protested to the Governor’s Office in Calabar over an alleged plan to appoint a non-indigene as Rector for the institution.

Carrying placards with various inscriptions, the students demanded respect for catchment area policy, local content, and the appointment of an indigene of the state as Rector of the institution.

Speaking on behalf of the students in Calabar, Stephen Etem said the protest sought to alert the Federal and Cross River State Governments to an alleged deviation from the established rectorial selection process.

Etem said a Governing Council, chaired by Sen. Florence Ita-Giwa, was constituted by the Federal Government to conduct the Rector selection exercise.

“The screening, which began last year, reportedly produced a Cross River State indigene as highest scorer and recommended candidate.

“Information available to us suggests that the alleged recommended candidate’s name might be substituted at the Federal Ministry of Education.

“We urge the Federal Government to uphold the council’s recommendation because altering the process could threaten peace in the institution,” he noted.

Responding at the Government House, Mr. Goddie Akpama, the Special Adviser on Intelligence to the State Governor, Bassey Otu, appealed for calm, saying the Governor was away but would be briefed.

Akpama advised the students to submit written petitions through appropriate channels, avoid inflammatory language, and engage authorities to ensure stability and uninterrupted academic activities.