Niger Delta
Niger Delta Insecurity: FG Losses N490bn
The Federal Government has said that it lost a total sum of N490 billion from 2004 to 2007 due to the insecurity experienced in the Niger Delta region.
The Minister of State, Niger Delta Affairs, Elder Godsday Orubebe disclose this at a one-day seminar organized by the specialized Marine Transport Trade Group forum organized by Port Harcourt Chmaber of Commerce, Mines and Agriculture, on Saturday in Port Harcorut. The theme of the seminar was “Re-integration of corporate social groups and society in the Niger delta.”
According to him, the amount lost, if recircled into the economy would have been able to foot the cost of building 14 refineries in the country. He stressed the need for corporate bodies, individuals and relevant agencies to join hand in actualizing the reform agenda of the federal government as well as compliment the efforts of the federal Government the efforts of the federal government in the rehabilitation and re-integration programme for the repentant youths.
The Minister of State who was represented by a Director, Dr. O. T. Elem called for sustainability of the existing peace in the state, noting that insecurity has brought about loss of over 5,000 jobs in recent time.
In a paper presented by the chief of Naval Staff, represented by Rear Admiral E. Ijeoma, noted that Niger Delta accounts for over 90 per cent of Nigeria’s foreign Exchange earnings, amounting to $450 billion between 1957 and 2007.
He regretted that insecurity and vandalisation of pipelines has caused the nation social and economic harm, resulting to loss of jobs and shortage of power supply, saying that individuals, communities, corporate bodies and government have role to play in tackling the challenges of insecurity in the country.
The President, Port Harcourt Chamber of Commerce Industry, Mines and Agriculture PHCCIMA, represented by the 2nd vice president Emeka Onachukwu lamented how government wrong business policy has affect the organised private sector, stressing that inspite of the challenges some corporate bodes have made meaningful impact on the well being of the people of the Niger Dela.
Niger Delta
Pro-Chancellor Hands Over Okey Onuchuku Peace, Conflict Institute Building
History was made on Wednesday 17th June, 2026 when the Okey Onuchuku Institute of Peace and Conflict Studies building was handed over to Ignatius Ajuru University of Education (IAUE).
Speaking during the hand over ceremony, which attracted an array of personalities from various works of life, the 13th Pro-Chancellor and Governing Council Chairman of IAUE, Chief Chinyere Igwe, commended the Vice Chancellor of IAUE, Professor Okechuku Onuchuku, for giving back to the University with the institute’s building project.
While affirming that Government cannot do it all, he encouraged individuals, corporate organizations, institutional partners to ensure the growth of University education in Nigeria.
He praised Tertiary Education Trust Fund (TETFUND) for sustaining University Education in Nigeria, and called for good initiatives and support “that will not only benefit the University, but put IAUE on the map of academic excellence in Nigeria and beyond.”
Earlier, the Vice Chancellor, Professor Onuchuku, expressed gratitude to his wife, Mrs. Chika Onuchuku, and family for all the support given for the vision achieved.

He also thanked his close associates, political friends, well-wishers, and others who donated generously towards the building project.
“The growth of Universities all over the world”, Professor Onuchuku said, “comes from personal efforts of individuals, alumni associations and others.”
He noted that donations as being witnessed is the best way to go and called on all to invest in the Nigerian education system and immortalize their names with worthwhile donations and contributions..
The Okey Onuchuku Institute of Peace and Conflict Studies building, he further stated, “is donated as a Professorial Chair with the Dean of Postgraduate School, Professor Chibuzor Chile Nwobueze, also a Professor of Peace Studies, as the occupant of the Professorial Chair.
Giving his address, the Director, Okey Onuchuku Institute of Peace and Conflict Studies, Professor Kingdom Elendu Ohia Nwaenyi, lauded Professor Okechuku Onuchuku for sacrificing his hard earned salaries, allowances and funds raised from two volumes of textbooks in his honour and titled “Perspectives on Nigeria’s Development”, launched on his 60th birthday.
He noted that the project is the first legacy to be accomplished by any serving Vice Chancellor in the institution.
Professor Nwaenyi stated that the Institute mounted five programmes: Peace and Conflict Studies; Peace Building and Development; Peace Building and Security Studies; Peace Building and Conflict Management; and Peace Education.
The institute, he explained, has birthed over fifty students running programmes in Postgraduate Diploma, M.A, M.Sc, M. Phil, and PhD.
Thirty students are in the PhD programme, fifteen are admitted into the Masters and M.Phil, and eight in Postgraduate Diploma Programme.
He expressed hoped that the Institute would check litigation and provide alternative dispute resolution.
In a vote of thanks, the Chairman, Okey Onuchuku Peace and Conflict Studies and Dean of Postgraduate School, Professor Chibuzor Chile Nwobueze, thanked God for His grace and enablement.
He prayed for the donor and Vice Chancellor of IAUE, Professor Okechuku Onuchuku, and further expressed his gratitude to Professor Isaac Olawale Albert, the third most cited Peace Scholar in the world, for his collaboration in developing a world class curriculum.
While thanking all who supported and celebrated with the University in this regard, Professor Nwobueze assured the public that the Okey Onuchuku institute of Peace and Conflict Studies will emerge as a centre of excellence, contributing meaningfully to scholarship, policy formulation, community engagement and the promotion of peaceful coexistence within Nigeria, Africa and the global Community.
The Institute, he stated, is willing to partner with the Society for Peace Studies and Practice (SPSP) in line with its mandate to promote peace studies, Peace building, Conflict Management and sustainable development.
The institute has over four lecture halls with sixty to one hundred and twenty capacity, a befitting conference hall, offices for staff and a library.
A donation of one million naira was made during the event for the best two graduating students of the institute by Barrister Nyema Wagbara, the Leader of Dynamic Development Club of Port Harcourt based in Rumuolumeni.
Each of the two best graduating students will get the sum of five hundred thousand naira.
The event featured goodwill messages from Professor Isaac Albert, Professor Alwell Nteegah, the Chairman of Society for Peace Studies and Practice, Rivers State Chapter, Dr. Benjamin Ibietonye.
Dr. Emem Nyewene presented the goodwill message of the Society for Peace Studies and Practice National.
Others who gave goodwill messages are Ambassador Green Isaac, the Country Director, Relief International Africa, and Comrade Levi Zachariah George, Chairman Postgraduate Students Association.
The event also featured rendition for Professor Okechuku Onuchuku by Dr Maria Abidiak.
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