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Ignore Restructuring, Fiscal Federalism At Your Peril, Wike Warns Buhari

Published

5 years ago

November 27, 2020

The Rivers State Governor, Chief Nyesom Wike, has cautioned President Muhammadu Buhari, to heed the clamour for fiscal federalism and restructuring, to douse brewing tension in the country.
Wike, said stakeholders in the South-South and other geopolitical zones that met with the delegation led by Chief of Staff to the President, Prof Ibrahim Gambari, have expressed their grievances, which must be genuinely addressed.
The Rivers State governor, stated this when he featured as a guest on Channels Television programme, Sunrise Daily, yesterday.
The governor noted that stakeholders in the South-South, last Tuesday, in Port Harcourt, ventilated their expectations, and what was now required was political leadership and will by the President to implement the demands.
“President Buhari, has an opportunity today, that Nigerians are saying these are the things we want; these are the things we think can move Nigeria forward. And you have to show leadership by saying, ‘I have listened to you and these are things we can implement’. You may not necessarily implement everything that the people are talking about or people may want. But let people say that under President Buhari, has been able to implement one, two, three and four demands by the people.
“But if he does not take this opportunity now, and does not implement some of these requests, I don’t think it will be very good for Nigeria and for his legacy. I don’t think that will mean well.”
The governor stated that despite reservations in some quarters about the readiness of the Federal Government to address issues raised, Buhari must avail himself the rare opportunity to address nagging issues militating against the stability of the country.
“If the president does not do this, given the opportunity he has now, then, he will put Nigeria on fire.”
Wike acknowledged that some of the salient demands of the South-South zone will require constitutional amendments to actualise, but implored the President to ensure that whenever the National Assembly passes constitutional amendment as it concerns restructuring, true federalism and resource control, he does not refuse to assent to it.
“But, again, if constitutional amendment is being made and the President vetoes or says no, he will not sign it like he did against the Electoral Act, then, it will become a problem for Nigerians.”
He dismissed insinuations by the Deputy Senate President, Obarisi Ovie Omo-Agege, that National Assembly members and ministers from the zone were not consulted before Tuesday’s meeting with the presidential delegation.
“We are playing politics with issues that concern Nigerians; issues that concern the region. I don’t need to be told, assuming I am a legislator, and something like this happens, I will rush back to the state to meet the governor; to meet the stakeholders, and say: what do we do? You don’t need to wait for the governor to call you! It is your own responsibility as representative of the people. You heard that your state has been burnt down, for example, you don’t expect somebody who is bereaved to begin to call, to say I am bereaved.”
He described as regrettable the absence of the Minister of Transportation, Chibuike Amaechi, who arrived the Government House, Port Harcourt, with the Chief of Staff for the crucial stakeholders meeting on Tuesday, but failed to participate in the event for inexplicable reasons.
“When I asked the Chief of Staff: where is my own minister? he was also shocked, because he knew that the minister was at the airport with them.”
Wike noted that President Buhari has done the needful by appointing people to manage the affairs of NDDC for the interest of the region, but, regrettably, that those appointed were politicians who have refused to work with PDP governors in the region.
He accused the NDDC of pervasive corruption to the extent of claiming projects done by the Rivers State Government, as its own.
“Rivers State Government went to court and challenged NDDC that, you cannot do what you are doing without consultation, without approval of the state government. And the court agreed with the Rivers State Government. NDDC, you cannot do what you are doing. You are distorting the physical development of the stat”, Wike stressed.
The governor, lamented the continuous politicisation of security in the country to the extent that it has prevented the take-off of operations of the State Neighbourhood Safety Corps.
He accused the Nigerian Army, which ironically, has given tactical support to similar outfits in APC-controlled states like Lagos and Kogi, of preventing the State Safety Corps from operating, despite legislative backing.
He also wondered why the state Police Command would be contemplating community policing without the involvement of state governors.
“You are talking about community policing, and then, state governments are not involved. Who pays these officers or the men who are involved in community policing? You stay in Abuja, you take a decision, you recruit, then, you come and tell the state governments to come and pay, it does not work that way.
“And what do you mean by community policing? You are talking about how to provide security in various communities. Who is in-charge of these communities? And that is the problem we have in our own federal structure. You cannot say you operate a true federal system when you have only one police command”, Wike argued.
The governor dismissed claims that the state government owed personnel of the Rivers State Transport Company, and explained that state does not have such employees on its database.
He explained that before the advent of his administration, the state transport company had been operating as a franchise, without remitting proceeds to the state government.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

Published

5 hours ago

January 9, 2026

The Tide

President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare

Published

6 hours ago

January 9, 2026

The Tide

The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.

?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

Published

1 week ago

December 30, 2025

The Tide

The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.