Connect with us

Business

Motorists Decry Mile 3 Park Conversion To Market

Published

on

Motorists at Mile 3 motor park Diobu in Nkpolu Oroworukwo Community, Port Harcourt, have lamented over what they described as conversion of the motor park to daily market by traders.
The Tide reports that following the recent ban on illegal parks and street trading by Port Harcourt Local Government Council Chairman, Hon Victor Ihunwo, Bishop Okoye street traders and drivers were dislodged from their illegal commercial activities.
The ban had put high pressure on the motor park in Mile 3, Diobu, being only the available option to the street trading activities, as all commercial drivers have gone back to the main Mile 3 park.
The Tide investigation further revealed that half of the motor park have been converted to daily market leaving no much space for the commercial bus drivers to load and discharge their passengers as the law stipulates.
Speaking to The Tide last Monday, a commercial bus driver who plies Port Harcourt, Choba route, Evans Onwuegbu, said that the relevant authorities did not make preparation and provision for rehabilitation and relocation of those that would be affected before going ahead to ban and enforce it.
According to him, “you can see for yourself, what is happening in the park is just the effect of the ban without providing alternative place for the affected victims. People must survive, they must respond to the will to survive and the only option is to resort to the park, to sell their goods, thereby blocking the chances of survival for commercial drivers that are key stakeholders in the park”.
The National Union of Road Transport workers official who spoke to our correspondent on condition of anonymity said that the union was not responsible for the allocation of market spaces to the traders in the park, saying that their primary function was aimed at organising their members in an orderly manner, collect ticket fee from their members, keep good record and custody of passengers lost items and returned by drivers.
“We do not have the responsibility to allocate space to traders or to collect revenue from the park”, he maintained, stressing that government should do something to relocate the traders to enable the motor park serve its purpose.
A victim of the ban, Mrs Agnes Uju, said she and others sought for alternative space in the motor park at a monetary value collected by the park authority because she had no choice or place to go, she noted that there were no spaces in the main Mile 3 market to accommodate them and if there were, the spaces were very expensive and beyond her financial capabilities as a petty trader.
She appealed to the government to build more low income and affordable markets, that could accommodate a good number of petty traders, as a way to reduce the rate of street trading in the State.
job to expedite action in completing one lane of the road to ease the flow of traffic while the construction lasts.
Drivers who made the call on Monday when our correspondent visited the area said that the road is becoming worst with pot holes around Eleme junction and Oyigbo, making motorist to divert their journeys to alternative routes.
A commercial bus river Ikeji Ama who plies the route lamented over the deplorable condition of the road specially the Eleme junction to Oyigbo toll gate, then to Imo River bridge, resulting to serious traffic gridlock along the axis.
He appealed to the contractor handling the job to endeavour to concentrate and complete one side out of the two sides of the road as a remediation to easing the flow of traffic while the construction continues.
In view of Wangbo Igwe a driver on the route, told our correspondent that the traffic gridlock was becoming unbearable due to the snail movement occasioned by the bad road, saying that the pot holes were affecting their tyres and slowing down their business. He noted that the usual three trips made per day in the past could only fall down to one trip only now and that their vehicles break down indiscriminately due to bad road.
He appealed that the contractor should do something as interim measure, more so, fill hard core on the pot holes to aid movement, saying that the situation was eating up his purse on maintaining his vehicle.
Meanwhile, the site Manager Taun Tayin had apologised to road users of that route, pointing out that the delay was due o regular rainfall in the area and that the job would be completed in less than no time.

Continue Reading

Business

Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

Published

on

The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
Continue Reading

Business

NPA Targets N1.489tn Revenue In 2026

Published

on

The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
Continue Reading

Business

NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

Published

on

Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
Continue Reading

Trending