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Wike Pledges To Divest RSG’s Equity Share In Cassava Processing Firm

The Rivers State Governor, Chief Nyesom Wike, says seed money has been earmarked by his administration to encourage massive cultivation of cassava across the state.
Wike made the promise at the inauguration of the Rivers State Cassava Processing Plant at Afam Town in Oyigbo Local Government Area of the state, last Thursday.
The governor stated the willingness of his administration to encourage proper cultivation of the vast fallow land available in all local government areas of the state to ensure that the processing plant does not lack raw materials.
He said the seed money would not be administered like previous grants offered by the state government, but will be given to genuine farmers after being verified and encouraged to increase production volume of cassava in the state.
“The other day, I went to see one of my friends. I went to his farm of over 56 hectare of land. He’s trying to cultivate cassava and I was very impressed.
“And I told him, that government will identify and verify those genuinely involved and are registered as cassava producers. Apply to us that you want to farm one hectare of land for only cassava.
“Government will give them seed money to continue farming cassava so that there will be no problem of cassava supply to this plant.”
Wike explained that it is no more fashionable for youths and leaders of local government councils to be content raising revenues from stickers.
He urged them to avail themselves of opportunities offered by the cassava processing plant.
He solicited for more loan from the Central Bank of Nigeria (CBN) to consolidate the visible gain that has been made already in boosting agriculture in the state.
The governor assured that any of such loans from the banks will be paid off before he leaves office as he has already made a commitment not to leave any burden for his successor.
Wike commended Shell Petroleum and Development Company (SPDC) and the Dutch Government for their courage to partner with the state government to actualise the project, and assured that the company would be allowed to operate as a profit-making private venture.
“So, government will make sure that we do not own more than 10 per cent of equity shares. This will enable the company to run profitably, make revenue, pay taxes and create employment.”
Inaugurating the facility, the Minister of Agriculture and Rural Development, Alhaji Mohammed Sabo Nanono, said the plant has become a direct respond to addressing the challenges of food security in Nigeria.
He said his ministry continues to engage bakers on the need to embrace import substitution of wheat and flour by incorporating 10 per cent of cassava flour in their baking activities and the Rivers State Cassava Processing Plant was now available to satisfy that need.
“On behalf of over 15,000 registered farmers in this state and others in neighbouring states, I thank you for this project. Rivers State Government has become pacesetter in this collective efforts of making agriculture work in Nigeria.
“I wish to announce my support by giving cassava farmers with high quality 10,000 stems of cassava cuttings from the National Root Crops Research Institute, and will be delivered to the governor as soon as position.”
In his speech, Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said most manufacturing companies today that import either glucose, starch or any other cassava byproducts would be happy to source their demands from this new plant.
With this efforts, Emefiele noted that what was a mere potentials have become a reality towards developing cassava into various byproducts that are needed for the industrial development of Nigeria.
The CBN governor explained that companies like Nestle that import starch and glucose should now begin to procure these raw materials from Nigeria to enable the country save foreign exchange.
Speaking on behalf of the Country Chair of Shell Companies in Nigeria, Osagie Okumbor, the General Manager, External Relations, Shell Nigeria, Igo Weli, said experts have said that the local value-addition to cassava via local manufacturing and processing could potentially unlock about $16million in taxes to the government.
“With the Rivers Cassava Processing Company Limited, Shell hopes to support the Rivers people to earn much more revenue from the cassava value chain as the company utilises leading technology to process and create more added value from this crop.
“Today, we have the Rivers Cassava Processing Company Limited that will process cassava into High Quality Cassava Flour via a unique split processing technology based on the operating principle of taking the factory to the farm gates rather than having the farmer bring the cassava tubers to the factory gate.”
News
FG Ends Passport Production At Multiple Centres After 62 Years

The Nigeria Immigration Service has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, disclosed this yesterday while inspecting Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
He said the centralised production system aligned with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for better service delivery.
News
FAAC Disburses N2.225trn For August, Highest In Nigeria

The Federation Account Allocation Committee (FAAC) has disbursed N2.225 trillion as federation revenue for the month of August 2025, the highest ever allocation to the three tiers of government and other statutory recipients.
This marks the second consecutive month that FAAC disbursements have crossed the N2 trillion mark.
The revenue, shared at the August 2025 FAAC meeting in Abuja, was buoyed by increases in oil and gas royalty, value-added tax (VAT), and common external tariff (CET) levies, according to a communiqué issued at the end of the meeting.
Out of the N2.225 trillion total distributable revenue, FAAC said N1,478.593 trillion came from statutory revenue, N672.903 billion from VAT, N32.338 billion from the Electronic Money Transfer Levy (EMTL), and N41.284 billion from Exchange Difference.
The communiqué revealed that gross federation revenue for the month stood at N3.635 trillion. From this amount, N124.839 billion was deducted as cost of collection, while N1,285.845 trillion was set aside for transfers, interventions, refunds, and savings.
From the statutory revenue of N1.478 trillion, the Federal Government received N684.462 billion, State Governments received N347.168 billion, and Local Government Councils received N267.652 billion. A further N179.311 billion (13 per cent of mineral revenue) went to oil-producing states as derivation revenue.
From the distributable VAT revenue of N672.903 billion, the Federal Government received N100.935 billion, the states received N336.452 billion, while the local governments got N235.516 billion.
Of the N32.338 billion shared from EMTL, the Federal Government received N4.851 billion, the States received N16.169 billion, and the Local Governments received N11.318 billion.
From the N41.284 billion exchange difference, the Federal Government received N19.799 billion, the states received N10.042 billion, and the local governments received N7.742 billion, while N3.701 billion (13 per cent of mineral revenue) was shared to the oil-producing states as derivation.
News
KenPoly Governing Council Decries Inadequate Power Supply, Poor Infrastructure On Campus
The Governing Council of Kenule Beeson Saro-Wiwa Polytechnic, Bori, has decried the inadequate power supply and poor state of infrastructural facilities and equipment at the institution.
The Council also appealed to the government, including Non-Governmental Organisations, agencies, as well as well-meaning Rivers people to intervene to restore and sustain the laudable gesture, dreams and aspirations of the founding fathers of the polytechnic.
The Chairman of the newly inaugurated Council, Professor Friday B. Sigalo, made this appeal during a tour of facilities at the Polytechnic, recently.
Accompanied by members of the team, Prof Sigalo emphasised the position of technology, technical and vocational education in sustainable development.
He noted that with the prospects on ground, and the programmes and activities undertaken in the polytechnic, there is no doubt that the institution would add values to the educational system in our society and foster the desired development, if the existing challenges are jointly tackled.
This was contained in a statement signed by Deputy Registrar, Public Relations, Kenpoly, Innocent Ogbonda-Nwanwu, and made available to The Tide in Port Harcourt.
The chairman who restated the intention of his team of technocrats to ensure that KenPoly enjoys desirable face-lift, said the Council would deliver on its core mandates, accordingly.
Earlier, the Rector, KenPoly Engr. Dr. Ledum S. Gwarah, commended the appointment of Professor Friday B. Sigalo as Chairman of the KenPoly Governing Council.
He described him and his team as seasoned technocrats and expressed confidence in their ability to succeed.
The Rector pledged the management’s support to the Council to ensure that KenPoly resumes its rightful place in the comity of polytechnics in the country.
Facilities visited by the Governing Council include KenPoly workshops, laboratories, skills acquisition centre, library, hostels and medical centre.
Chinedu Wosu
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