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Stakeholders Hail Wike’s Approval Of Three New RSU Campuses

Published

4 years ago

February 17, 2021

Pleasant reactions have continued to trail the state Governor, Chief Nyesom Wike’s release of N16.6billion for the upgrading of facilities at the Medical College of the Rivers State University and the creation of three new campuses of the institution in Emohua, Etche and Ahaoda areas.
Reacting to the development, renowned economist and Lecturer, Prof Okey Onuchukwu, who spoke with The Tide in a telephone interview, yesterday, said it was a welcome development, given its futuristic ability of developing the area.
Onuchukwu pointed out that areas like Akuku-Toru and Asari-Toru, including the Degema axis would be positively affected when the campuses begin full operation.
He also noted that land in the area would soon appreciate in value, thereby, improving the economic lives of the people.
On whether the initiative was coming late or early, he said it came at the right time.
He further said that it would increase the people’s perception of life and as well boost their taste for education.
In his view, a businessman, Mr Pedro Akpaka, described the initiative as a worthy venture and a morale booster, adding that it would bring education closer to the people, given its presence in the rural areas.
“The initiative is worthwhile. I think is will help to encourage education among the people, since it is located in the rural area”, he said.
According to him, the Governor Wike’s gesture, especially the planned campus in Ahaoda, would create an everlasting bond between the people and Rivers State Government.
Another respondent, Barrister Emperor Nnaoma, averred that the plan would cause hybrid educational growth in all the three targeted areas.
Nnaoma said that most intending students from the three target areas for the new campuses would be tempted to study those courses offered in such campuses for the sake of proximity.
He, however, applauded Governor Wike for the vision, and pleaded with him to consider anywhere in Ikwerre Local Government Area, for the forth campus of the Rivers State University, if there would be such plans.
The Dean, Post Graduate Studies in the Rivers State University, Prof Adolphus Toby, said that the decentralisation policy of the state government to establish three campuses of the state university was a welcome development.
He noted that it would help check social vices amongst the youths.
Toby said that the plan by the state government to establish three more campuses of the state university at Ahoada, Emohua and Etche would take education to the grassroots.
“The Wike administration has shown commitment to education. It is not a question of promise. We are mobilized already,” Toby said.
He said the university community was elated over the development as it would help spread arms of the university across all parts of the state.
On his part, a social commentator and former caretaker committee chairman of Opobo/Nkoro LGA, Sir Boma Brown, said it would stir and attract built environment development.
He said “it will attract urbanisation and industrialization and most of the young people in the rural areas will be exposed to knowledge”.
He, however, advised that technical and vocational education should be introduced in the new campuses.
The Head of Department, Pharmacology, College of Medical Sciences (RSU), Dr. Woke Ekene, said, “It is a very good one. In fact, these are the kind of things we expect from our government. It will bring about development to the communities where the campuses will be cited. It will also reduce unemployment and youth restiveness”.
A Port Harcourt-based legal practitioner, Barrister Kingston Wordu, said, “Education is the bedrock of the society. If Governor Nyesom Wike has decided to invest in education with this sum, then, it is a good step. It means that Wike means well for this state. By the time the projects are completed, you will agree with me that they would be an all-inclusive project and with this university, education in the state will take a higher dimension”.
A Post-Graduate student of Medical Laboratory, RSU, Mrs Festa ThankGod, said, “It’s a welcome development. Taking the campuses to those areas will help stretch development to the areas. Definitely, there will be employment. It will also lessen the crowd in the main campus. But all these can only be achieved if the people in charge will make judicious use of the money”.
A civil servant in the state Ministry of Environment, G.P. Ijeije said, “This is a very solid step towards upgrading the state-owned university. The challenge, however, is that we are not maximizing our space. The main campus can be solidly built with high tech infrastructures, and these other spaces used for agricultural development and the likes’.
A medical doctor, Soibi Onengiye, said, “With this amount of money, RSU will be a state-of-the-art institution that can compete favourably with its overseas counterparts. Governor Wike has the state’s tertiary school system at heart. The only problem is the fear of the system we are in. At least, we can be sure that our children in that institution are in safe hands, among other benefits of employment and development”.
In his reaction, the Paramount Ruler of Okehi Kingdom in Etche Local Government Area of Rivers State, Eze Stanley Munoye Ogbu said, the governor’s gesture has shown his administration’s unparalleled commitment to the development of the education sector in the state.
Ogbu described the move as a welcomed development, noting that the benefiting communities would be impacted economically, socially and politically.
He averred that the present administration in the state has written their name in the annals of the state, adding that the Wike’s administration would be remembered by posterity.
Also speaking, an architect, Chinwendu Nwubi described the gesture as a Valentine gift for the people of the state, saying that the move would fast-track development of the benefiting communities and decongest Port Harcourt metropolis.
Nwubi further opined that most people within the

By: King Onunwor, Amadi Akujobi, Susan Serekara-Nwikhana, Enoch Epelle, Kevin Nengia & Lady Godknows Ogbulu

Featured

Tinubu Signs Four Tax Reform Bills Into Law …Says Nigeria Open For Business

Published

5 days ago

June 27, 2025

The Tide

President Bola Tinubu yesterday signed into law four tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.

The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.

The ceremony took place at the Presidential Villa, yesterday.

The ceremony was witnessed by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.

The presidency had earlier stated that the laws would transform tax administration in the country, increase revenue generation, improve the business environment, and give a boost to domestic and foreign investments.

“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Special Adviser to the President on Media, Bayo Onanuga said on Wednesday.

Before the signing of the four bills, President Tinubu had earlier yesterday, said the tax reform bills will reset Nigeria’s economic trajectory and simplify its complex fiscal landscape.

Announcing the development via his official X handle, yesterday, the President declared, “In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.”

Tinubu made a call to investors and citizens alike, saying, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”

He described the bills as not just technical adjustments but a direct intervention to ease burdens on struggling Nigerians.

“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu wrote.

According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”

He added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency.

The tax reforms, first introduced in October 2024, were part of Tinubu’s post-subsidy-removal recovery plan, aimed at expanding revenue without stifling productivity.

However, the bills faced turbulence at the National Assembly and amongst some state governors who rejected its passing in 2024.

At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed.

They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.

After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax.

By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.

In his tweet, Tinubu stressed that this is just the beginning of Nigeria’s tax evolution.

“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.

“A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” he stated.

He further acknowledged the contributions of the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigeria’s subnational governments.

The President added, “We are not just signing tax bills but rewriting the social contract.

“We are not there yet, but we are firmly on the road.”

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Senate Issues 10-Day Ultimatum As NNPCL Dodges ?210trn Audit Hearing

Published

5 days ago

June 27, 2025

The Tide

The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.

Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.

However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.

Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.

A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.

It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.

The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.

“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.

“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”

But lawmakers rejected the request.

The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.

“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.

“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.

Other lawmakers echoed similar frustrations.

Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.

The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.

Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.

Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”

Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.

The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.

Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.

The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.

Featured

17 Million Nigerians Travelled Abroad In One Year -NANTA

Published

2 weeks ago

June 20, 2025

The Tide

The National Association of Nigerian Travel Agencies (NANTA) said over 17 million Nigerians travelled out between 2023 and 2024.

This is as the association announced that it would be organising a maiden edition of Eastern Travel Market 2025 in Uyo, Akwa Ibom State capital from 27th to 30th August, 2025.

Vice Chairman of NANTA, Eastern Zone, Hope Ehiogie, disclosed this during a news briefing in Port Harcourt.

Ehiogie explained that the event aims to bring together over 1,000 travel professionals to discuss the future of the industry in the nation and give visibility to airlines, hospitality firms, hospitals and institutions in the South-South and South-East, tagged Eastern Zone.

He stated that the 17 million number marks a significant increase in overseas travel and tours.

According to him, “Nigerian travel industry has seen significant growth, with 17 million people traveling out of the country in 2023”.

Ehiogie further said the potential of tourism and travel would bring in over $12 million into the nation’s economy by 2026, saying it would be a major spike in the sector, as 2024 recorded about $4 million.

“The potential of tourism and travel is that it can generate about $12 million for the nation’s economy by 2026. Last year it was $4 million.

“In the area of travels, over 17 million Nigerians traveled out of the country two years ago for different purposes. This included, health, religious purposes, visit, education and others,” Ehiogie said.

While highlighting the potential of Nigeria’s tourism, he said the hospitality industry in Nigeria has come of age, saying it is now second to none.

The Vice Chairman of NANTA, Eastern Zone further said, “We are not creating an enabling environment for business to thrive. We need to support the industry and provide the necessary infrastructure for growth.”

He said the country has a lot of tourism potential, especially as the government is now showing interest in and supporting the sector.

Ehiogie emphasized that NANTA has been working to support the industry with initiatives such as training schools and platforms for airlines and hotels to sell their products.

He added, “We now have about four to five training schools in the region, and within two years, the first set of students will graduate. We are helping airlines sell tickets and hotels sell their rooms.”

Also speaking, former Chairman of the Board of Trustees of NANTA, Stephen Isokariari of Dial Travels, called for more support from the industry.

Isokariari stated, “We need to work together to grow the industry and contribute to the nation’s Gross Domestic Product.

“With the right support and infrastructure, the Nigerian travel industry has the potential to make a significant contribution to the nation’s economy.”