News
PHCCIMA Working To Create Business Opportunities – President
The President of Port Harcourt Chamber of Commerce, Industry Mines and Agriculture (PHCCIMA) Dr Emi Membere Otaji says that the chamber is working on models that would create value and opportunities for businesses.
Membere-Otaji gave the assurance at the 2017 first quarter meeting of PHCCIMA in Port Harcourt recently.
The 2017 first quarter meeting held at the Chamber of Port Harcourt Chamber of Commerce attracted key stakeholders and left glowing indications that the President and his executives are paying attention to models that will create value and opportunities for businesses.
He said in is opening remarks at the meeting that his administration will continue to outline new paradigms that would on members’ businesses and the state economy, adding that the chamber will consolidate on existing paths that will add value and set better precedence. He enjoined members to always take advantage of the PHCCIMA secretariat to acquaint themselves with useful information that will drive their businesses.
The forum attracted key resource personalities from diverse organizations who interfaced with the business community and member companies and made insightful presentations.
In the first presentation, Sir Innocent Iyalla Harry, former Managing Director/CEO, Rivers state Micro Finance Agency (RIMA), and now Chairman Dilann International Ltd spoke on the topic: “Finance And Investment Opportunities For msme’s” with reference to a recessed economy.
According to him, “we all need to ultimately promote entrepreneurial culture in our youths, through initiatives that build business confidence, positive attitude, pride in hard work for success, support and encourage new ideas, social responsibility, encourage inter-firm synergies and most importantly promote research and development”.
These according to him, are the threads needed to sew the fabric of the nation through entrepreneurship to harness efforts so far made. In his words “clearly our salvation from recession lies in the productive sector and the enhancement of funding and investment in MSME’s”.
In his presentation Mr. Samuel Ekpuk, a banker and one time General Manager Credit, Sterling Bank PLC but now MD/CEO Green Associates Limited, made revelations on strategies to cope with market dynamics.
These, he said include rationalisation of business focus, cash conversion cycle based on product lines; investment in renewable energy; refinancing all expensive credit lines and restructuring finances.
Others include bringing down loan obligations by paying down all non critical loans; seeking new partnerships and investment in import substitution; Private equity; Seeking local sources of inputs; taking advantage of all government incentive schemes; Pioneer status, special economic zones, duty drawback and duty waivers.
The theme of his presentation was “Business Outlook In 20017 – Coping With Market Dynamics”
The first quarter general forum also witnessed presentations by the Rivers state Signage and Advertisement Agency (RISAA), which gave insights and eye opening presentations on RISAA regulation and mode of operation.
The management of RISAA requested for collaboration with PHCCIMA to form a synergy that will ensure that member companies are only confronted legally and with spelt out regulations that are statutory to RISAA.
News
PDP Opobo/Nkoro Hails Fubara On Peace, Projects
Stakeholders of Peoples Democratic Party (PDP) in Opobo/ Nkoro Local Government Area of Rivers State have commended the state Governor, Sir Siminalayi Fubara for his disposition that has fostered peace in the State.
Rising from an expanded stakeholders meeting last Saturday in Opobo Town, the body in an eight-point communique signed by its Chairman, Hon. Benneth Daminabo, Chairman of Council, Rt. Hon. Enyiada Cookey-Gam and LG party Chairman, Warisenibo Godwin Pepple commended the governor for linking Opobo/Nkoro LGA to the national grid.
In addition, it lauded the effort of the governor in pursuing the 50.15 kilometre Dual Carriage Ring Road, Elelenwo internal road, Aleto-Ebubu-Eteo Road in Eleme and Andoni Road projects.
Despite the distractions, the stakeholders said they were impressed that the governor had equally done projects in health-the unveiling of Prof. Kelsey Harrison Hospital, Agric projects at Tai and Oyigbo and improving welfare of civil servants.
In their words, “members reaffirmed their unalloyed loyalty and implicit confidence in his administration.”
Condemning the unfriendly and discourteous utterances of Senate President, Godswill Akpabio and Tony Okocha in different fora in the State, the forum urged the duo to desist from such action in order not to heat up the polity.
The forum pledged to stand by the governor through, “thick and thin”, the stakeholders acknowledged the contributions of women, who through prayers for the government has impacted positively in the direction and posture of the governor.
Finally, the forum unanimously expressed gratitude to the Simplified Movement and other bodies that have thrown their weight behind the governor to ensure that the administration is stable and successful.
By: Kevin Nengia
News
‘Rivers People Are Now Breathing Fresh Air Under Fubara’
Aformer Caretaker Committee Chairman of Abua/Odual Local Government Council of Rivers State, Hon Elamo Arogu, says under Governor Siminalayi Fubara, the people of the State are now breathing fresh air.
Hon Arogu said Governor Fubara has given Rivers people hope, considering the impactful and people-oriented projects being carried out by his administration.
The former CTC chairman made the assertion during the Simplified Movement’s thanksgiving service and rally held in honour of Rivers State chief executive last Friday in Abua .
Arogu said under Governor Fubara, the Abua/Odual people have the confidence that the dividends of democracy will definitely get to them.
He noted that the Governor has the strong will to change the narrative in Rivers State, being the reason he is receiving massive support across the State.
“The people of Abua/Odual are strongly behind him. Our doors ate open for everyone because there is government in place to attend to the needs of the people. I believe that he will develop Abua/Odual and other Rivers council areas, hence, the massive support. This government is business- oriented and we are ready to encourage him succeed and invest in our land. The issue of a bank; road networks and other necessities of life bordering on development as demanded by the people will be considered by Governor Fubara”, he said.
He called on the opposition to team up with Governor Fubara to build a stronger, united and viable Rivers State.
He maintained that ward nine under his leadership is Simplified.
News
Rivers State University Cooperative Society Elects New Leaders
The United Port Harcourt Peoples Cooperative Investment & Credit Society Limited, Rivers State University, Port Harcourt, has elected new leaders to pilot the affairs of the cooperative for the next two years.
They are Pastor Dr. Barine Aeba (President); Dr. Gift N. Nkweke (Vice-President), Dr. Kenneth Chima Adiele (General Secretary), Victor G. Banigo (Assistant General Secretary),
Rose Yeyeda Nwosu (Treasurer), Adaku Nwogu (Financial Secretary) and Stella Ereba (Public Relations Officer).
Inaugurating the new Management Committee after a keenly contested election held recently at the University Amphitheatre, the Director of Cooperatives in Rivers State, Dr. Elizabeth Chidi-Wike, congratulated the seven-member Executive for emerging winners at the election, charging them to uphold the bye laws of the Cooperative Society and hold regular congress meetings.
Dr. Chidi-Wike used the forum to commend the outgone Management Committee for reviving the Cooperative and placing it on an enviable pedestrial.
In her remarks, the Acting Registrar of the University, Mrs. Ibimonia Sotonye Harry applauded Cooperative members for keeping faith with the Cooperative Society, stressing that the goal of the society in helping members save for retirement cannot be over emphasised.
In his valedictory speech, the outgone President, Dr. Mie-Idala Jones Amachree expressed gratitude to God for the successful completion of his four-year tenure, thanking his fellow Management Committee members who gave him the needed support that transformed the Cooperative Society.
In his acceptance address, the President, Pastor (Dr.) Barine Aeba thanked the university management for providing the enabling environment for the peaceful conduct of the election, pledging that he will fulfill all his campaign promises.
A total of 165 Cooperative members participated in the electoral exercise which was conducted by an Electoral Committee led by Engr. (Dr.) Joseph D. Enoch.
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