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LG Councils’ve No Excuse Not To Provide Democratic Dividends, Wike Warns

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The Rivers State Governor, Chief Nyesom Wike says his administration has vigorously addressed security challenges in the state to enable all council chairmen deliver dividends of democracy to people at the grassroots.
He reiterated that since the inception of his administration, the state government has not touched any money that belongs to the local government councils.
The governor said this at the Peoples Democratic Party (PDP) Local Government Election grand finale rally in Obio/Akpor Local Government Council held at Oginigba Primary School Field, yesterday.
“The state government has provided the enabling environment for every local chairman in the state to perform. Since the inception of this administration, the state government has not touched One Kobo that belongs to the local government council. They have always had their money as the statutory allocation comes. The council chairmen have their money to perform. So, whoever does not perform is left for him or her.
“As a policy of state we have also decided to address vigorously the security cllenges hain the state, that is to enable them (council chairmen) perform their duties of delivering democratic dividends to our people.”
Represented by the Chief of Staff, Government House, Engr Emeka Woke, the governor explained that before his assumption of office, the local government councils under the previous administration owed past councillors, elected council chairmen and their political appointees huge sums of money.
According to him, the state government expeditiously set up a committee to verify the actual amount of money owed past political appointees and ensured that council caretaker administration paid the debts.
To this end, the governor said no council chairman can claim he or shewas owing past political appointees.
Wike thanked the people of Obio/Akpor for the support they have continued to give to his administration right from its inception.
The governor said those who have continued to accuse him of executing projects mainly in Port Harcourt City and Obio/Akpor councils are merely playing politics with the truth.
According to him, every free-minded Rivers indigene and Nigerian can attest to the fact the state government have ensured even spread of projects in all the 23 councils of the state.
“Those of them who say they do not see what we are doing, you don’t expect them to acknowledge what we have done. These are people who have had opportunity to govern the state for eight years and six years down the line, they can’t come and say this is what we did for the people of Rivers State in spite of the huge resources that accrued to them during their time. But, in order to cover their shame and lack of accountability, they will always criticize what we have done.”
Wike urged voters in Obio/Akpor to come out en masse and vote for PDP chairmanship candidate, Barrister George Ariolu, and 17 councillorship candidates in Saturday’s Local Government Election.
In his remarks, Rivers State PDP Chairman, Amb Desmond Akawor, said Obio/Akpor will always be a fertile ground for the PDP because of the numerous developmental projects of the Wike’s administration in the council.
The PDP chairman accused the immediate past administration in the state of wasting the state resources on monorail and other meaningless projects.
“Somebody came from Ubima, gave us a monorail that never worked, and promised us a narrow gauge we are not sure of, desecrated traditional institution in Rivers State, locked up the courts, and we have another man who came from Rumuepirikom, opened the courts, built eight flyovers and changed the landscape of Rivers State.”
He charged PDP members to ensure the party emerges victorious in Saturday’s election and remain fully mobilised as ahead of the 2023 general election.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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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

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

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?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.

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?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.

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?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.

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?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

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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.

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