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N’D Dev: Can Impact Assessment Help?

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On the back cover of Dr. Bristol-Alagbariya’s book, Participation in Petroleum Development, I say:

The potential of impact assessment for bringing “equity, prosperity, and tranquility” to the Niger Delta, especially by means of community participation, offers a promising approach to achieving sustainable development in that volatile yet vital part of the world.

Approaches are not arrivals, however. The precondition for this or any other initiative to succeed depends in the first instance on peaceful resolution of the violent confrontation that has afflicted the region and nation with growing intensity over the past five years. Its roots go much deeper, of course, to the disparity and inequity that have marked and marred the region since oil development began in 1956.

The Primacy of Politics

It was here in Abuja, four and a half years ago, in a meeting at the Ministry of Agriculture and Water Resources, that it occurred to me: “Water resources development is one-tenth technical and nine-tenths political.”

I repeated that insight at an International Water Association conference last month in Seoul, Korea, and asked the audience of mainly technical people if that were about the right fraction. No one disagreed.

Earlier this month I repeated it again, this time in Melbourne, Australia, in discussions with one of the largest mining companies in the world, and again there was no disagreement. In fact, I have yet to meet anyone who disagrees with that formulation.

If this is so, then it follows that “to get the water resources right, you have to get the politics right.” What that might mean naturally depends on what is understood as “politics.” Two leading but contending versions are the coercion and consensus views.

The former is represented by Harold W. Lasswell, who defined “politics” as “who get what, where, when, and how.” In fact, identifying winners and losers is a fair description of the methodology of impact assessment. In contrast, David C. McClelland offers a consensual definition of politics, one more congenial to the author’s: politics is “the authoritative allocation of values.”

Whatever definition we adopt, getting the politics right means building the institutional capacity for good governance. The United Nations Development Programme have postulated five principles for achieving this:

The operative terms here all relate closely to the concept of public or popular or people’s participation, the central theme of the book under discussion. Its centrality in the process of social change is embodied in Herbert Simon’s “Participation Hypothesis”:

“ … Significant changes in human behavior can be brought about rapidly only if the persons who are expected to change, participate in deciding what the change shall be and how it shall be made.” (from “Recent Advances in Organization Theory” (1955: p. 206).

Enter Impact Assessment’

We can now assert that the field of Impact assessment represents both an instrument of governance (see Ahmed and Sanchez-Triana 2008) and an opportunity for participation. It is therefore not surprising to find the author with affiliations in both fields. “Impact assessment” can be formally defined as:

. .. a process for anticipating and evaluating the difference between existing and future conditions with and without the intervention of natural events or social actions, intended or unintended.

What it is good for is contained in this vision/mission statement: the goal of impact assessment is to:

… develop local and global capacity to anticipate, plan, and manage the consequences of change so as to enhance the quality of life for all.

The general methodology of impact assessment is comprised in ten steps, referred to here as the “Main Pattern” schema since it appears to represent a general consensus among impact assessment practitioners and aims at methodological completeness. The ten steps comprising an assessment cycle are:

Scoping

Problem Identification

Formulation of Alternatives

Profiling

Projection

Analysis of Alternatives

Evaluation

Mitigation

Monitoring

Management

Specific methods and techniques and data sets and series are associated with analytic operations at each step. Opportunities for participation are likewise present at every step, especially scoping, problem identification, and formulation of alternatives on the front end and evaluation, monitoring, and management on the back.

In short, impact assessment seeks the (fore) knowledge of consequences, anticipating unanticipated consequences by exercising the foresight provision. Along with this goes an ethic of consequences, emphasizing the responsibility of impact assessment practitioners in relation to their knowledge and its application.

Two phrase can be applied in characterising the field of impact assessment: “comprehensive and integrated” in its coverage of impact levels, scales, schedules, and sectors, and “proactive and creative” in its anticipatory research, design, and policy applications. In this it supports futurist Alvin Toffler’s concept of “anticipatory democracy,” putting people in charge of their own desirable futures. In the present context, it is convergent with the author’s view of “environmental democracy.”

We believe that application of the philosophy and methodology of impact assessment can and will serve to facilitate bringing “equity, prosperity, and tranquility” to the Niger Delta region and to the nation and beyond. This book marks an important advance toward that end.

Prof. C. P. Wolf of the Social Impact Assessment Centre, New York and also co-founder and Past President International Association for Impact Assessment (IAIA), Fargo, USA presented this paper at the launching of the book “Participation in Petroleum Development: Towards Sustainable Community Development in the Niger Delta” written by Aseme-Alabo Edard T. Bristol-Alagbariya at Transcorp Hilton, Abuja, recently.

 

Prof. C. P. Wolf

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Wealth Creation: GCPBS  Convenes Strategic Investment Workshop In PH

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In a significant move aimed at strengthening financial literacy and promoting sustainable economic growth, the Alumni Association of the Garden City Premier Business School (GCPBS) has hosted its inaugural Annual Executive Workshop in Port Harcourt, drawing key stakeholders from across Nigeria’s financial and public sectors.
The workshop, themed “Wealth Creation through Investment in Money and Capital Markets,” held at the Corporate Residence, William Jumbo, Port Harcourt recently,  brought together financial experts, policymakers, and professionals to deliberate on practical investment strategies in a rapidly evolving economic environment.
The event attracted a distinguished audience, including alumni of the institution, officials of the Securities and Exchange Commission, financial market leaders, top government functionaries, and seasoned professionals committed to advancing wealth creation initiatives in the country.
In her opening address, Chairman of the GCPBS Alumni Association, Her Excellency Dr. Mrs. Mina Tele Ikuru, charged the participants to take full advantage of the knowledge-sharing platform, stressing the importance of continuous learning and informed financial decision-making.
Also speaking, the Rivers State Head of Service, Dr. Mrs. Inyingi Brown, underscored the need for smart investment practices, noting that true wealth lies not merely in hard work but in the ability to make money work efficiently through strategic investments.
Deliberations at the workshop exposed participants to practical insights into navigating the financial markets, with experts emphasising the need for liquidity-conscious investments and encouraging the exploration of commercial papers issued by reputable corporations.
Speakers further highlighted the benefits of leveraging money market instruments such as bank deposits, while also stressing the importance of understanding market timing—knowing when to buy, hold, or exit investments—as a critical factor in achieving optimal returns.
The concept of compounding was extensively discussed as a powerful tool for long-term wealth accumulation, alongside the introduction of SWOOT—Stocks Worth Over One Trillion—with leading financial institutions identified as dominant players in Nigeria’s stock market.
Participants were also cautioned against common investment pitfalls, including the dangers of holding excessive idle cash, exposure to inflationary pressures, and the growing threat of fraudulent Ponzi schemes often disguised with unrealistic promises of high returns.
They also stressed the importance of diversification as a risk management strategy, with experts warning that failure to spread investments across asset classes could expose individuals to avoidable financial losses.
A panel session anchored by Prof. John Ohaka featured robust contributions from Barr. Bernard Ibe and Figbene Briggs, who examined critical approaches to monitoring investments and ensuring long-term financial stability.
A Financial expert, Uche Uwaleke (FCMA) provided further guidance, advocating the adoption of the DHL investment model—Diversify, Hedge, and Long-term planning—while emphasising the need for constant monitoring of market capitalisation and price indices.
The event also featured goodwill messages and the presentation of awards to deserving individuals and organisations, including Oida Energy Limited, Xenergi Limited, Aslan Resources Ltd, and Dr. Mrs. Mina Tele Ikuru, in recognition of their contributions to economic development and professional excellence, while special honours were conferred on Prof. Silver Opuala-Charles and Dr. Mrs. Inyingi Brown.
In a closing remark, Prof. Adline Ben-Chioma who summarised the key takeaways from the workshop, reiterated the importance of informed investment decisions, as ESV Okputu delivered the vote of thanks, appreciating organisers, speakers, sponsors, and participants for their roles in the success of the inaugural initiative.
By: King Onunwor
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Ripple Survey Reveals Appetite for Digital Assets

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Cornerstone of Financial Services

A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.

According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now.

“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.

The survey was conducted in early 2026 and the findings released in March.

Stablecoin Boon or Bane?

Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.

With a market cap of $1.56 billion, it is considered a major regulated player in the market.

No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.

Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.

Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.

In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.

The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.

The Asian city-state is one of the platform’s biggest growth markets.

The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.

The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.

Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.

Ripple converts dollars into XRP and then back into pounds.

If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.

That is a bridge Ripple will have to cross if it gets to that point.

Tokenisation Partners

Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.

Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.

The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.

Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.

Infrastructure Rules

In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.

“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”

No surprise that this is precisely where Ripple is placing much of its focus.

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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