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Crisis Of Good Governance In Africa Frustrates Sustainable Dev -Wike …Insists Promotion Of Social, Political Justice’ll Reduce Inequality, Insecurity

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Rivers State Governor, Chief Nyesom Wike, has re-emphasised the need for Nigeria and other African countries to break away from centralised and personalised system of governance in order to achieve enduring development in the continent.
Such sustainable development, he said, would foster economic inclusiveness, offer ethically sound and socially equitable services to every citizenry.
Wike made the assertion while delivering a lecture to the participants of the Executive Intelligence Course Fourteen (EIMC-14), of the National Institute for Security Studies in Abuja, last Wednesday.
The governor spoke on the lecture title: “Governance, Security and Sustainable Development in Africa: Nexus, Challenges and Prospects – the Rivers State Experience.”
The participants were drawn from 24 agencies in Nigeria as well as from countries in West Africa such as Gambia, Ghana and Liberia.
Course participants are officers from the military intelligence, security, para-military, law enforcement, regulatory and other Federal Government strategic agencies.
Wike said if the government system in Nigeria and the rest of Africa was not right, it would be difficult to achieve human security.
Such government, he stated, would continue to struggle under costly civil conflicts that threaten the wellbeing of citizens and the very existence of most Africa countries from within.
The governor wondered why a continent with enormous mineral deposits, large arable land, and favourable climatic conditions has its 1.3billion human population living below poverty line.
Wike said unemployment, especially among the youth, has remained troubling while per capital income, life expectancy, access to healthcare, education, water, housing and social security was abysmally low.
“No African state was able to meet the Millennium Development Goals (MDGs), while the Sustainable Development Goals (SDGs) may equally continue to be shifting targets.
“From a practical point of view, governance is the ability to exercise authority, political or otherwise, within a defined social jurisdiction to manage public resources to advance public interest and meet public needs.
“African states cannot continue to rely on over centralized and personalized forms of government lacking in true democracy, responsiveness, accountability, the rule of law and judicial independence, equity, social justice, and inclusivity and expect to achieve sustainable development.”
According to Wike, sustainable development is a veritable link between development and the environment since it offers an alternative development strategy to improve the living conditions of human population without degrading the environment.
Wike, however, noted that the development path in African has largely been more of disappointments because the majority of the continent’s population was unable to enjoy sustainable access to improved and equitable economic, social, cultural and political conditions.
“This being so, governance is about management and performance; the ability to make and implement decisions and policies to advance social progress and because the expected outcome of governance is to improve human conditions, governance is often seen as the foundation of development.
“However, governance by itself does not guarantee human progress. What does is good governance, which among other things, reflects participation, inclusiveness, responsiveness, effectiveness, accountability, equity, rule of law and respect for human rights.”
Speaking about the governance situation in Nigeria, Wike decried the centralization of power and the lack of fiscal decentralization in the country.
These, he said, have poorly affected the functioning of the sub-national states and local government areas.
“(These have) resulted in poorly functional sub-national states and local government areas, which are largely detracted by resource-dependency, chronic budget shortfalls and institutional limitations to deliver on their responsibilities for economic growth and provision of infrastructure, education, healthcare, employment generation and food security and improve the wellbeing of the citizens.”
Wike pointed out that when he assumed office in 2015, Rivers State was on the verge of bankruptcy, because the government was owing workers’ salaries and contractors for upwards of eight months.
According to him, there was also the lack of effective governance because the state House of Assembly and the courts have been shut for nearly two years.
What that potent, he said, was disregard for the consequences on the rule of law, peace and security including the growth of the state’s economy.
Wike pointed out that his administration has pursued well-defined, people-centred and comprehensive approach that fostered good governance in Rivers State.
Six years into governance, Wike said, his administration has delivered and built a new Rivers State, and addressed the thematic issues of good governance, security and sustainable development to the best of its capability.
“We were perhaps the first state to ensure the practical independence of the Judiciary at the subnational level under the present democratic dispensation.
“We also intervened in providing the necessary conducive environment for both arms (of government) to operate in dignity with modern and comfortable courts to improve access to justice in the state. We also attended to the wellbeing of judicial officers by providing them with official vehicles and life-long accommodation as a matter of legal right.
“Arguably, no government in history has invested as much as our government to rebuild, strengthen and reposition the institutions of governance without which the rule of law, access to justice, protection of human rights and effective governance and delivery of sustainable development cannot be achieved.”
The governor maintained that the Rivers’ economy was stimulated to grow having pragmatically implemented various reforms of economic policies, which have created and opened up the state to trade and investments.
According to him, the debt burden was reduced, a transparent and payer-friendly tax system introduced, and strengthened legal right to property, that included the prompt issuance of certificates of occupancy.
“We also ensured the massive provision of socio-economic infrastructures, including roads and markets to stimulate combination, trade and exchange of goods and services in the state.
“As a result of our efforts, our economy continues to enjoy stronger growth, attracting new investments while the small and medium-sized businesses are on the upsurge creating employment for our people, reducing poverty and generating revenue for the government with which government is funding physical and human capital development to advance sustainable development.”
Wike stated that as a government, his administration has worked to strengthen the transformational power of education that is made available to Rivers youths.
Accordingly, he said, the youths have continued to access knowledge, build skills and values that they need to be imaginative, creative, and be productively competitive and be self-reliant.
Wike said good governance anchored on the rule of law has placed the state ahead of other states in all sectors including making Rivers safer for all residents.
The Deputy Commandant, National Institute for Security Studies, Mr. Dedacos Egbeji, commended Wike for the insightful lecture.
He insisted that for Africa to overcome her security challenges in order to achieve sustainable development, it was imperative for her to embrace good governance in all ramification.

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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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