Politics
Wike Woos European Investors
Rivers State Governor, Chief Nyesom Wike has urged European investors to take advantage of his government’s economic sound policies and friendly business environment to invest in the state.
Speaking, Tuesday at a special programme organised for Rivers State by the Financial Times, tagged: “Invest in Rivers State”, at the world’s leading financial publishing Company in London, the governor said return on investment in the state is the highest in Nigeria.
Wike stated that the state under his administration has provided visibility gap, funding, minimum revenue guarantee, land provision for development, attractive subsidies, reduction and exemption from payment of taxes and levies to boost investment and called on foreign investors to take advantage of the rare business friendly policy of his government to home and invest.
Wike further informed investors, particularly in the oil and gas sector that they would benefit from the presence of the Oil and Gas Free zone in the state, adding that the facility provides beautiful opportunities for the establishment of business across the oil and gas value chain.
He said business opportunities in the state remain limitless, especially in information technology, tourism and hospitality ag,riculture, housing and manufacturing.
The governor returned to the state, Wednesday, to meet a delegation of Christian Association of Nigeria (CAN) at the Government House, Port Harcourt.
He commended the delegation for their strong support to his administration and promised that the state government will continue to give CAN all the much needed support.
Wike however, appealed to CAN to mobilise the large Christian population in the state to obtain the Permanent Voters Card (PVC) and actively participate in policy making which, according to him, begins from voting in candidates of their choice.
He also urged them to preach against youth-related vices and spread of fake information against the state government.
The governor also used the opportunity to explain the benefits derivable from the newly signed Rivers State Neighbourhood Watch Law, saying apart from synergizing with security agencies by ways of information gathering and intelligence, it would also create large employment opportunities for youths who would be involved in its implementation.
Wike assured CAN that the state government would embark on renovation of the association’s secretariat in the state to enable them run their affairs effectively.
CAN Director, Legal Affairs, Barrister Dan Obinna who read the address of the body commended Governor Wike for massive infrastructure he put in place across the state and his unrelenting fight against crime and lauded the Neigbourhood Watch scheme.
Obinna said CAN will continue to mobilise christians in the state and beyond to sustain prayers and fasting for the state against enemies of progress and urged Wike not to relent in giving the state the best.
CAN also congratulated the governor for the numerous awards he received from state, national and global levels, noting that the awards were testimonies of his hard work which the body is proud of.
Another major event in Government House last week was the swearing in of four new commissioners and care-takers committee of Degema Local Government Area.
Wike disclosed his intention to embark on a minor cabinet reshuffle and urged the appointees to see their assignment as opportunity to add value to the state service and not to enrich themselves.
Wike declared roar against imposition of candidate in the Peoples Democratic Party (PDP) as the June 16,2018 Local Government Poll draws near.
He warned party leaders that the era of imposition of candidate in the state is over and vowed to fight anyone who attempts to impose anybody on the people.
Chris Oluoh
The Tide source reports that Prof. Akinoso was elected alongside 38 other executive members of the party at the congress held on Saturday.
Other executive members are Dr Abiola Olaonipekun, who emerged as Secretary, Alhaja Latifah Latifu, Women Leader and Mr A. Adeleke, elected as Youth Leader.
It was learnt that the congress, which took place at the Obafemi Awolowo Stadium, Oke Ado in Ibadan, was attended by representatives of the Independent National Electoral Commission (INEC), the Police, other security agencies and prominent members of the party.
The election was supervised by electoral committee members, among whom were Prince Diran Odeyemi, who served as Chairman, Hon. Awoniyi Tolulope, Mr Babatunde Gbadamosi, Queen Stepheine Oyechere, Alhaji Yusuf Abidakun, Mr Olumide Aguda and Dr Phillips Adeniyi, who served as Secretary.
Prof. Akinoso, in his inaugural address, urged members of the party to set aside intra-party differences.
He advised them to concentrate their resources on the promotion of the party, saying, “The primary responsibilities of party executive members are to coordinate party activities, ensure harmony among members, and ensure party victory during general elections.
“Our immediate assignments are to key into INEC released 2027 general election time-tables. As directed by the National Caretaker Committee of PDP, our party e-membership registration starts next week. We must be fully involved and do a membership drive.
“A political party is only relevant and benefits its members if it wins the election. This is our goal. We should set aside intra-party differences; concentrate our resources towards the promotion of the party. We will make necessary consultations and dialogue to actualise this”.
President Tinubu disclosed this during an interfaith breaking of fast with senior journalists and media executives at the Presidential Villa in Abuja on Saturday.
He also disclosed that his administration had opened up on the principles of true federalism to the extent that local governments now get direct allocation from the Federal Government.
“There’s no morning that I ever leave my house without going through the newspapers. It’s an addiction. I read all of you.
“It might not be in full detail, but headline, the one that would hit me and the ones that won’t.
“At the beginning of this administration, I was just a little bit stubborn, looking at opportunities to correct things and make life more easier for the downtrodden.
“We’ve opened up the principle of federalism to the extent that local governments are now getting their money, but how they use it is in your hands. So, don’t bombard me alone,” President Tinubu said.
The ruling party said the ADC had turned criticism of the APC-led administration into its operating manifesto instead of presenting concrete solutions to Nigeria’s economic challenges.
In a statement issued on Saturday by the APC National Publicity Secretary, Mr Felix Morka, the party dismissed the ADC’s interpretation of a report presented at a policy dialogue organised by Agora Policy which suggested that the country’s poverty rate had risen from 49 per cent to 63 per cent.
Mr Morka said the opposition party’s reaction to the report as a “damning verdict” on the government’s economic policies reflected either ignorance of economic realities or deliberate political mischief.
“The African Democratic Congress’ attempt to spin a recent report presented at the Agora Policy dialogue indicating a rise of poverty rate of 63 per cent from 49 per cent as a damning verdict on this administration’s economic policies speaks either to its shocking ignorance of economic policy or its wilful blindness to the justification for, and transformative impacts of, ongoing economic reforms,” he said.
The APC spokesman noted that the report itself recognised the necessity of reforms aimed at correcting long-standing structural distortions in the economy.
According to him, the ADC had failed to present any credible alternative policy direction for Nigerians.
“Clearly, the ADC does not recognise itself as a political party. The ADC has not articulated a single alternative policy position or prescription of benefit to Nigerians. Condemning the APC and its policies has become its operating manifesto,” Mr Morka said.
He explained that major economic decisions taken by President Bola Tinubu, including the removal of fuel subsidy and the unification of multiple foreign exchange windows, were necessary steps to rescue the country’s economy from collapse.
Mr Morka said the subsidy regime had for years placed a heavy burden on public finances, consuming trillions of naira annually while encouraging corruption, fuel smuggling and inefficiencies in the system.
He added that the reforms had helped redirect national resources to key sectors such as infrastructure, healthcare, education and social development.
The APC spokesman acknowledged that economic reforms often come with short-term hardship but stressed that the measures were essential to build a stronger and more resilient economy.
“Economic reform is never cost-free anywhere in the world. The transient hardship experienced by Nigerians was an inevitable cost of reforms meant to build and guarantee a better future for all Nigerians,” he said.
Mr Morka maintained that the country’s economic outlook was already improving, citing recent growth figures and stronger external reserves.
“Our economy has rebounded and is expanding steadily. The country’s Gross Domestic Product grew by 4.4 per cent last year and is projected to expand by 5.5 per cent this fiscal year, with foreign reserves now exceeding $50 billion,” he stated.
He also pointed to government initiatives designed to cushion the effects of economic adjustments on citizens, including cash transfer programmes, student loan schemes and the rollout of compressed natural gas (CNG) initiatives to reduce transportation costs.
Mr Morka reaffirmed that the APC-led administration would remain focused on rebuilding the economy and expanding social investments to support vulnerable Nigerians.
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