Editorial

Strengthening COOPs And MSMEs

Published

7 years ago

July 19, 2019

Realising the essence of Micro, Small and Medium Enterprises (MSMEs) to local, national, regional and global economic development, the United Nations specially proclaimed June 27 annually as the International Day for Micro, Small and Medium Scale Enterprises to raise public awareness and sensitise the global community on the need to encourage and sufficiently fund MSMEs to achieve Sustainable Development Goals (SDGs).
Still harping on the roles and capacity of MSMEs as well as Co-operative Societies, the UN similarly declared July 6 yearly as the International Day of Cooperatives in recognition of COOPs’ contributions to societal development at various strata of governance. UN’s General Assembly on December 16, 1992, unanimously passed a resolution declaring the aforementioned date (July 6), as the centenary commemoration of the establishment of the International Cooperatives Alliance in 1995. It, indeed, coincided with the 25th United Nations Day of Cooperatives.
With the theme: “Big Money For Small Business Financing For SDGs”, the UN tasks government at all levels and stakeholders, especially the Organised Private Sector (OPS), to muster sufficient willpower and finance MSMEs and COOPs as they provide employment for over 279 million people representing 10 percent of world’s total working population.
According to Ariel Guarco, President of the International Alliance of Cooperatives (ICA),” COOPs help to preserve employment and provide work in all sectors of the economy, which enhances living standard of communities and societies”. Well said Guarco!
No doubt, MSMEs and COOPs, indeed, improve the socio-economic empowerment and inclusive sustainable growth, as these enterprises are usually people-centred with less tendencies for corruption as evidenced in public or governmental organs, particularly in developing economies such as Nigeria and other African countries where mismanagement and corruption hold sway.
Statistics from the National Bureau of Statistics and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) indicate that MSMEs operators in the country grew from 39 million in 2013 to 41.5 million in 2017, implying that in 2019, the figure must have risen to over 50 million, especially against the backdrop of dwindling economic fortunes, where job cuts and unemployment rate have risen to over 38 per cent with 28 million youths unemployed.
Obviously, the right way to go is the emergence and funding of MSMEs and COOPs which will play critical roles in re-shaping the economic well-being of the teeming unemployed, but productive Nigerians who, by no fault of theirs, are idling and roosting for lack of white-collar jobs.
Though the Central Bank of Nigeria (CBN), in collaboration with some commercial banks as well as other governmental bodies, have made efforts in encouraging COOPs and MSMEs, we think that so far, it is not enough. Deliberate and proactive measures must be put in place to further encourage and boost these micro-businesses. Minimal lending rate remains the key.
The establishment of micro-finance agencies and banks, to say the least, has not really made the desired impact. It is our candid position that soft loans, grants and other incentives as well as adequate budgetary and extra-budgetary measures are the right path to follow, if Nigeria must be reckoned with as a global economic power.
In Asia, Europe and North America, MSMEs and COOPs play significant roles in the economic development of their countries. China, Japan, Brazil, Malaysia, Singapore, South Korea, just to mention a few, owe their strong economies to these micro-businesses. Nigeria, therefore, must strive to be on the same page.
The Tide endorses in its entity the report of the Federal Ministry of Trade and Commerce, urging the National Economic Council (NEC) to mobilise funds to over 37.07 million MSMEs, representing 84 percent of manufacturing and productive sectors and 45 percent of the nation’s GDP.
As the UN’s Deputy Secretary-General, Amina Mohammed, unequivocally stated while marking this year’s celebration of MSMEs, “these micro-businesses are key and critical to any country’s economic emancipation and, of course, remain road maps to creating 600 million new jobs needed by 2030 to keep pace with the world’s working age population.”
Funding and financing them surely means taking bold steps to achieving set out goals towards 2030 Agenda for Sustainable Development. Nigeria must, therefore, key into this global model for economic stability and prosperity.
We must also support our MSMEs and COOPs to flourish as a deliberate policy of unlocking Nigeria’s economic potentials and diversification of the nation’s monolithic economy. In this era of limited white-collar employment, MSMEs and COOPs remain the right path to follow.

Editorial

Beyond Accessing Bonny By Road

Published

4 days ago

January 19, 2026

The Tide

The near completion of the Bonny-Bodo Road by the Federal Government is a remarkable and historic achievement that deserves national commendation. For decades, Bonny Island remained physically isolated from the rest of the state, with residents and businesses forced to rely solely on waterways. Today, that narrative has changed. The road is already in active use, and its immediate effect is evident in the drastic reduction in transportation costs, with local transport fares reported to have dropped by more than 40 per cent in some corridors.

As of December 2025, the 37.9-kilometre Bonny-Bodo Road, comprising 11 strategically engineered bridges, was temporarily opened for daily use between 7 am and 7 pm. The transformational and groundbreaking step has eased transit and marked the first-ever land connection between Bonny Island and other parts of the state. According to transport operators, average travel time has reduced from over two hours by water to less than one hour by road, a change that has immediate economic and social benefits for commuters and businesses alike.

It must be noted that the project spanned many years, surviving policy shifts, funding challenges, and technical hurdles. Its near completion is therefore a reflection of political will. Credit must be given to the Federal Government and particularly to the Rivers State Governor, Sir Siminalayi Fubara, under whose tenure the project has reached fruition. This commendable and steadfast leadership has ensured that a long-standing promise to the people is finally being honoured.

The Bonny-Bodo Road stands as a success story of a tripartite agreement involving the Federal Government, Nigeria LNG Limited as the primary funder, and Julius Berger Nigeria Plc as the constructor. The collaborative and strategic partnership demonstrates how public and private sector synergy can deliver complex infrastructure in difficult terrain. NLNG alone reportedly contributed over 60 per cent of the project funding, underscoring the value of corporate responsibility in national development.

For business owners, the newly constructed road offers a vital turning point. Many traders, investors, and service providers had avoided Bonny because of the risks associated with water travel, including accidents and piracy. With this new land route, access is now safer and more predictable. This liberating and empowering development is expected to stimulate commerce, increase market activity, and attract fresh investments into the area to strengthen the local economy.

The Petroleum Products Retail Outlet Owners Association of Nigeria has stated that the commissioning of the Bonny-Bodo Road will improve national energy logistics and likely lead to a reduction in the price of cooking gas. Nigeria currently spends billions of naira annually on inland water transport inefficiencies. The economically and logistically significant road could reduce distribution costs by up to 20 per cent, a benefit that would be felt directly by households across the country.

The road is expected to be fully commissioned in the first quarter of 2026, with 35 kilometres already reported as fully motorable. This progress reflects assuring and measurable commitment to timely delivery. When completed, the road will support heavy-duty vehicles, enhance supply chain reliability, and further cement Bonny’s role as a critical industrial and maritime hub in the Niger Delta.

This achievement also builds on earlier successes. Opobo has already been connected to land through deliberate government intervention. These efforts show that even the most challenging terrains can be conquered with planning and resolve. Such intentional and visionary actions are redefining infrastructure advancement in riverine areas that were once considered unreachable.

The Trans-Kalabari Road is similarly expected to be completed within the year, opening up vital aisles in the Kalabari axis to road transportation. Once operational, it is projected to serve over 500,000 residents directly. The expansive and inclusive approach to development ensures that growth is not concentrated in urban centres alone but spread across communities.

These projects represent an expanding legacy. By 2027, there will be numerous tangible gains to credit the current administration in Rivers State. Improved mobility, increased trade, and enhanced social cohesion are just a few. This forward-looking and progressive trajectory positions the state as a model for infrastructure-led development in Nigeria.

However, with increased road access comes new security considerations. While sea piracy on waterways may reduce, land-based security challenges could emerge. The government must anticipate and address these risks through effective policing and surveillance. A proactive and balanced security framework will be essential to protect lives and investments along the new highways.

There must also be firm determination to ensure that the road does not come with excessive encumbrances. Issues such as illegal tolling, unregulated settlements, and environmental degradation must be prevented. This disciplined and responsible management will preserve the long-term value of the infrastructure.

Beyond the communities already connected, the state government should extend its vision to other difficult terrains. Oceanic areas such as Kula, Abisse, Idama, Ke, and Bille, among others, should be prioritised. Connecting these communities by road would be equitable and transformative, ensuring that no part of the state is left behind in the march towards development.

If every part of Rivers is linked to land transportation, the blue economy will experience a major boost. Fisheries, tourism, marine services, and coastal trade could collectively contribute billions of naira annually to the state’s economy. This sustainable and wealth-generating potential makes further road expansion not just desirable but necessary.

Editorial

Time For GL 17 In Rivers

Published

2 weeks ago

January 12, 2026

The Tide

Rivers State is indeed fortunate to be led by Governor Siminalayi Fubara, whose remarkable and progressive disposition towards workers has distinguished him from his predecessors since the return to democracy in 1999. His approach to governance reflects empathy, balance and a genuine understanding of the civil service as the engine room of development.

Before his assumption of office, civil servants endured eight excruciating years under the immediate past administration of Chief Nyesom Wike, marked by painful stagnation and systematic neglect. Promotions were withheld, gratuities ignored, annual increments denied and employment processes shrouded in opacity, leaving workers demoralised and disillusioned.

Governor Fubara’s emergence, however, brought a decisive and restorative shift. Long overdue promotions were approved to cover lost years, gratuities were paid and continue to be honoured, while the once suspended Christmas bonus was revived after sixteen years, rekindling hope among public servants.

Even more commendable was the transparent employment process, particularly in the education sector, which injected fresh credibility and renewed confidence into government recruitment. These actions clearly signal a leader determined to rebuild trust between the state and its workforce.

In the same spirit of promoting workers’ welfare, it is both logical and timely to urge the governor to implement the Consolidated Grade Level 17 for civil servants in Rivers State. This call is reasonable and justified, given his proven commitment to labour-friendly reforms.

Grade Level 17 represents a modernised and inclusive salary structure where multiple allowances are consolidated into a single enhanced basic salary. This system simplifies remuneration, rewards seniority and aligns pay with responsibility and service delivery.

In states where this structure is operational, directors are rightly placed on Grade Level 17 rather than 16, ensuring equitable recognition and appropriate compensation. Rivers State should not remain an exception to a standard already accepted nationwide.

It is noteworthy that the Federal Government, many states and even local government councils across the country have implemented this policy. As a former civil servant himself, Governor Fubara possesses a personal and practical understanding of its value and necessity.

Rivers State occupies a strategic and influential position in the federation, economically and politically. Implementing Grade Level 17 would significantly boost morale, reinforce loyalty and inspire greater dedication among civil servants.

The argument that Rivers cannot afford this reform is untenable and unconvincing. It is unacceptable for a state with vast resources to trail behind others that are less financially endowed yet have successfully enforced the policy.

One clear advantage of implementing Grade Level 17 is improved motivation and productivity. A valued workforce is invariably a productive workforce, and fair remuneration directly translates into better service delivery.

Another benefit lies in the retention of experienced professionals who might otherwise seek opportunities elsewhere. Stability, continuity, and expertise are preserved when workers feel respected and adequately rewarded.

The reform would also strengthen institutional capacity and governance, creating a resilient and efficient civil service capable of supporting long-term development goals and policy implementation.

Furthermore, the enforcement of Grade Level 17 will promote a fairer and structured career progression system within the civil service. It will correct long-standing anomalies where officers retire without reaching their deserved peak, despite years of diligent service. Such a reform reassures workers that merit, experience, and dedication are ultimately rewarded.

This is not merely a financial adjustment but a moral and institutional statement about the value Rivers State places on its workforce. By approving Grade Level 17, Fubara will reaffirm his reputation as a compassionate leader and send a clear message that the welfare of civil servants remains central to his administration’s vision for sustainable governance.

Governor Fubara knows firsthand the harsh realities workers face as salaries struggle to meet basic needs. By the end of 2024, over twenty states had adopted the structure, with more joining, making Rivers’ delay increasingly indefensible.

If implemented, this policy will cement Fubara’s place in history as a visionary reformer whose legacy will endure. When the story of the Rivers State civil service is written, his name will be etched in gold, for it is fundamentally unfair for workers to stagnate endlessly on one grade level when a proven solution lies within reach.

Editorial

For A Prosperous 2026

Published

3 weeks ago

January 2, 2026

The Tide

As 2026 begins, Nigeria stands once again at a defining crossroads. The expectations of citizens are high, patience is thin, and the responsibility of leadership has never been more urgent. This year must not be another season of rhetoric; it must be a year of deliberate action that restores confidence in the country and renews hope among the people.

Foremost on the national agenda is security. From terrorism and banditry to kidnapping and communal violence, insecurity continues to erode lives, livelihoods, and national cohesion. Government must strengthen the current fight against insecurity by improving intelligence gathering, equipping security agencies adequately, boosting morale, and deepening cooperation among federal, state, and local authorities.

In this effort, continuous collaboration with strategic partners such as the United States remains crucial. Beyond military support, such partnerships should focus on intelligence sharing, counter-terrorism training, cyber security, and capacity building for law enforcement. Nigeria must leverage international alliances while retaining firm ownership of its security strategy.

Equally pressing is the ailing economy. Inflation, unemployment, and currency instability have placed enormous pressure on households and businesses. 2026 should be the year of hard economic choices—fiscal discipline, support for local production, targeted social protection, and policies that encourage investment, especially in agriculture, manufacturing, and technology.

Infrastructural development must also move from promise to performance. Roads, rail, power, ports, and digital infrastructure are not luxuries but foundations of growth. A clear focus on completing ongoing projects, rather than endlessly inaugurating new ones, will signal seriousness and deliver measurable benefits to citizens.

As the nation looks ahead, preparations for the 2027 general elections must begin now. Credible elections are central to democratic stability. Political actors should moderate their conduct, while citizens must be encouraged to engage peacefully and responsibly in the democratic process.

The Independent National Electoral Commission (INEC) has a special duty in this regard. Early preparations—logistics, voter education, technology upgrades, and staff training—are essential to avoid the familiar last-minute challenges. Transparency and consistency from INEC will go a long way in rebuilding public trust.

In Rivers State, 2026 carries its own weight of expectations. Immediate attention must be paid to preparations for the February bye-elections to fill two vacant seats in the State House of Assembly. INEC, political parties, security agencies, and community leaders must work together to ensure peaceful, credible polls free from intimidation and violence.

Beyond the bye-elections, the state must deliberately cultivate peace as it moves toward the 2027 elections. Rivers has paid a heavy price in the past for political tension and conflict. The lessons are clear: development cannot thrive in an atmosphere of perpetual crisis.

The resurging political crisis in the state must therefore be urgently contained. All stakeholders—across party lines—should put Rivers first, choosing dialogue over confrontation. Institutions must be respected, and the rule of law upheld, to prevent political disagreements from degenerating into instability.

Governor Siminalayi Fubara’s administration must remain focused and undistracted. Governance demands clarity of purpose. The people elected this government to deliver results, not to be consumed by endless political battles that divert energy from service delivery.

Security remains paramount at the state level as well. A secure Rivers State will attract investment, protect individuals and communities, and enable economic activity. Strengthening collaboration between state authorities, security agencies, and local communities should be a top priority in 2026.

Job creation, especially for young people, must also take centre stage. Education and healthcare require renewed investment, not just in infrastructure but in quality and access. A healthy, skilled population is the strongest asset any state can possess.

Ultimately, 2026 should be a year of reset for both Nigeria and Rivers State, a year when leaders choose responsibility over rivalry and vision over short-term gain. If security is strengthened, institutions are respected, and the welfare of citizens remains paramount, the foundations for a more stable and prosperous 2027 will have been firmly laid.

The media, civil society, and traditional institutions also have a crucial role to play in 2026. Agenda-setting must go beyond politics to issues of accountability, transparency, and civic responsibility. Citizens must be consistently informed, not inflamed; mobilised, not manipulated. A vigilant public space will help ensure that leaders at both national and state levels remain responsive to the people they serve.

History will judge 2026 by the choices made today. Nigeria and Rivers State cannot afford drift or distraction. What is required is steady leadership, collective responsibility, and an unwavering focus on peace, development, and democratic integrity. If these priorities guide action throughout the year, 2026 can become a turning point rather than another missed opportunity.