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Fund East-West Road From SWF, Wike Tells FG
The Rivers State Governor, Chief Nyesom Wike, has advised the Federal Government to include the East–West Road among the critical infrastructure projects being funded from the coffers of the nation’s Sovereign Wealth Fund (SWF).
The governor also noted that the Federal Government’s directive stopping state governments from funding the construction or rehabilitation of failed federal roads was inimical to the effective development, management and maintenance of road infrastructure across the country.
He made this assertion in his opening address at the 26th meeting of the National Council on Works in Port Harcourt, yesterday.
Wike, said the theme of the meeting: “Infrastructure Development, Job Creation and National Economic Growth”, fits to the generally held view that road infrastructure plays a critical role in enabling economic development, poverty reduction and inclusive progress.
The governor pointed out that the East–West Road, which was too important to the economic prosperity of the South-South region and the nation, has been under construction for over 15 years; yet, a completion date is still not in sight.
He urged Federal Government to urgently consider funding the East-West Road from the Sovereign Wealth Fund to guarantee its completion by 2022 as being touted by the minister of the Niger Delta.
“It makes progressive sense as a development strategy therefore for state governments to reconstruct such federal roads with reputable contractors on behalf of the Federal Government and get refunded after due verification of the price and quality of work done.
“The federal and state governments need to consult and collaborate regularly to accelerate the delivery of road infrastructure to advance and realize the hopes and aspirations of our people for development and decent living.”
Wike explained that the state government is presently constructing six flyovers a Federal Government road to ease the perennial traffic congestions on the problematic intersections of Port Harcourt–Aba Expressway.
“Let me, therefore, appeal to the Federal Government to continue to collaborate with the state governments on road development by allowing states to fix federal roads with the assurance of a refund.”
The governor stated that his administration has consistently dedicated over 65 per cent of the state budget annually for the construction of new roads or the reconstruction and or maintenance and rehabilitation of existing roads across the state, including federal roads.
“The result is the unprecedented delivery of close to 900 kilometres of roads, bridges and flyovers spread across the length and breadth of the state, including some of the far-flung communities that have now been linked by roads for the first time.”
The Minster of Works and Housing, Babatunde Fashola, said the Covid-19 pandemic brought to the fore the importance of human mobility to the health of any economy with the urban poor appearing to be the worst hit as a result of the lockdown.
Fashola explained that against the former practice of flexible pavement connection module that was cost intensive, his ministry was ready to unveil the rigid design manual which was cost effective and would guide construction activities in the country.
The Chairman of Senate Committee of Works, Senator Adamu Aliero, who advocated the setting up of infrastructural bank as an alternative source of funding of federal road projects, said it has become practically difficult for the Federal Government to fund the 711 roads captured in the federal budget.
The 2025 annual general meeting (AGM) and conference of the Rivers/Bayelsa states chapter of the Manufacturers Association of Nigeria (MAN) has come to a close with a strong call for both states to drive the blue economy.
The communique just issued after the AGM pointed to what it called emerging prospects in fish processing, seaweed cultivation, ship repair, and marine technology.
The communique which also mentioned human capital gaps that must be filled through technical and vocational training that are aligned with modern industrial needs, said the blue economy represents a viable pathway for Nigeria’s industrialisation.
It said MAN and Arican Marine Environment Sustainability Initiative (AFMESI) have the capacity to unlock Nigeria’s blue economy sustainably and inclusively, but said the region required dedicated infrastructure upgrades, including roads, waterways, and power.
The communique was signed by Vincent Okuku (Chairman of Rivers/Bayelsa States Branch); Michael Nosa Agana (Branch Vice Chairman/Chairman AGM planning Committee); and Chibuzor Eze (Executive Secretary, Rivers/Bayelsa States Branch).
The resolutions said the future of the Niger Delta economy lies in diversification rather than dependence on extractive industries. “Technology and innovation, value addition and local processing, strategic infrastructure, and a skilled workforce are essential pillars for the future of manufacturing in the region.
“Governments in the region must intensify support for manufacturing activities. Various forms of collaboration across sectors should be actively encouraged.”
It specifically advised Bayelsa and Rivers States to fully develop and harness the blue economy as strategic gateways for sustainable growth; and called for cross-border partnerships with neighbouring states to enhance trade, security, and environmental management.”
The Rivers/Bayelsa States branch of MAN held its first (41st) AGM outside Port Harcourt for the first time, hosted by Bayelsa State Government at the Chief D.S.P. Alamieyeseigha Memorial Banquet Hall, with the theme: ‘Trade, Technology, and the Future of Manufacturing in the Niger Delta.’
In his welcome address, the chairman of the branch, Okuku, commended the Bayelsa State Government under the leadership of Gov Douye Diri for its efforts in industrial development, investment promotion, and strong partnership with the private sector.
He also acknowledged the Rivers State Government for its commitment to rehabilitating industrial clusters, improving access roads, and delivering key infrastructure.
He, however, expressed concern over persistent challenges such as high energy costs, unreliable electricity supply, weak transport systems, rising logistics expenses, multiple taxes and levies, inconsistent regulatory frameworks, and pressure from host communities, which continue to hinder manufacturing growth in both states.
The President of MAN, Francis Meshioye, noted that the Niger Delta, with its abundant resources and strategic location, holds vast potential for industrial expansion. He called for policy frameworks that promote local manufacturing, enhance trade, and attract investments to the region.
Goodwill messages were delivered by the Minister of the Federal Ministry of Regional Development, Abubakar Momoh, represented by Wasa Festus, Director of Community Development and Education. Another goodwill message was also presented by the Bayelsa State Commissioner for Trade, Industry and Investment, Ebieri Jones.
In his remarks, Gov Diri praised MAN for its contributions to Nigeria’s manufacturing sector, noting its resilience, innovation, and strategic role in national development. He stated that the conference theme aligns with his administration’s mantra of “Assured Prosperity.”
Gov Diri offered 24-hour service to manufacturers wishing to relocate to the state, and highlighted the State’s ongoing transformation through deliberate investment in infrastructure, security, and human capital aimed at positioning Bayelsa State as a hub for industrial growth, particularly in the blue economy, agriculture, and manufacturing.
He further noted that hosting the 41st AGM fulfilled a long-desired aspiration of the State following the successful 2024 MAN event in Port Harcourt, Rivers State. He officially declared the exhibition open.
The Nigerian Education Loan Fund has alerted the public to a fraudulent message circulating online, claiming that the NELFUND Student Loan Registration Portal is open.
The message directs applicants to a third-party link (http://gvly.xyz/Nelfund-Student-Loan, which NELFUND confirms is unauthorised and fraudulent.
In a post obtained from its X handle, yesterday, NELFUND urged students and the general public not to click on the link or provide any personal information, emphasising that the official loan registration portal is only accessible through the Fund’s verified channels.
The agency reminded applicants to exercise caution online and to report any suspicious links or communications claiming to be from NELFUND.
“Applicants are encouraged to always verify official announcements via NELFUND’s official website and social media channels,” NELFUND said.
This advisory comes as part of NELFUND’s ongoing efforts to safeguard students and ensure the integrity of the student loan application process.
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