Business

Amaechi Commissions Ultra Modern ICT Centre … Rates Zenith Bank High

Published

16 years ago

May 6, 2010

The Rivers State Governor, Rt. Hon. Chibuike Rotimi Amaechi says the establishment of Information, Communications and Technology (ICT) centre in Port Harcourt would help to increase business activities in the state.

Governor Amaechi stated this Wednesday in Port Harcourt at the official Commissioning of the Ultra-Modern Information, Communications and Technology Centre, donated by Zenith Bank Plc, to the state government, saying that the idea behind the establishment of the centre was completely that of the Managing Director of the Bank, Jim Ovia.

He expressed the hope that ICT, beyond its negative uses in Nigeria where some persons use it to perpetrate fraud, was an avenue to interact globally, and could serve as a place for people to go and study computer or ICT in the state.

The State Chief Executive, who expressed confidence in the relationship between the state government and Zenith Bank, said the government would discuss with the bank to see if they can partner in the management of the centre.

Governor Amaechi noted that the people of Rivers State were grateful to the Bank for her contributions towards the growth of the economy of the state, adding that their friendship with the state government would continue.

Earlier, the Deputy Managing Director, Zenith Bank Plc, Mr Godwin Emefiele, who represented the Group Managing Director, Mr Jim Ovia, said the fully equipped Information Communications and Technology (ICT) centre was donated by the Bank to the Rivers State Government as part of its social responsibility programme, as well as its cardinal policy to show gratitude to the Rivers Community for providing an enabling environment for business to strive in the state,

Mr Emefiele said the establishment of the centre was anchored on Governor Amaechi’s vision for the development of the state, based on active corporate involvement under Public Private Partnership (PPP) Scheme.

He also said the centre is aimed at enhancing government’s development aspirations since ICT is development, and assured the Governor of their commitment to continue the partnership.

Meanwhile, Zenith Bank Plc has been placed on “B” rating for its high level of transparency in its partnership with the Rivers State Government.

Making the pronouncement, midweek, at the official commissioning of the information, communication and Technology (ICT) centre in Port Harcourt, the state Governor, Rt Hon Chibuike Rotimi Amaechi said by this feat, the bank has earned being awarded mega developmental projects.

According to the governor, in addition to the commissioned ICT centre donated by the bank, the finance institution is partnering with the state government in some on-going projects in the state.

In appreciation of the donation of ICT centre, Amaechi promise that the government would take care of the paying of salaries to employees of the centre.

He also promised the bank plots of land along Omagwa and Isiokpo area of the state as part of the state government’s contribution for a modern school promised by the bank to support government’s effort in restoring the standard of education in the state.

Governor Amaechi called on other banks and organizations in the private sector in the state to emulate Zenith Bank Plc in its partnership with government to develop the state.

In his keynote address, the Deputy Managing Director of the bank, Mr Godwin Emefiele thanked Governor Amaechi for providing the platform and stirring the interest of the private sector to contribute to improve the lives of the people in the state.

Mr Emefiele also thanked governor Amaechi and the entire people of the state for their unalloyed support and unwavering confidence on the private sector over their years of operation in the state.

He said the support was instrumental to the donation of the fully equipped (ICT) centre to the government and the good people of Rivers State.

According to him, the project is part of the bank’s cardinal policies to show gratitude to the community that has provided an enabling environment for the bank to render services.

Enoch Epelle

Business

Boat Mishap Kills Pastor, Wife And Church Members In Brass Water

Published

1 day ago

May 18, 2026

The Tide

A boat accident in Bayelsa state has killed a serving Pastor, Wife and other church members along Brass waterways

The sad incident happened at Odioama in Brass local government area of Bayelsa State when the Pastor, wife and members of his church were in a programme.

?Tide confirmed that the lifeless body of the Pastor’s wife has been found and deposited in a mortuary while the remains of her husband ,the Pastor is yet to be recovered

as search party are still ongoing.

Although the real cause of the boat Mishap is not yet known as at the time of this report, our Correspondent gathered that the identities of the Pastor, wife and church members were not disclosed to the public.

The mishap, Tide gathered occurred on Friday morning when the church members were on a boat transit

The Bayelsa State government and the state police command are yet to issue official statement’s on the sad accident

By: CHINEDU WOSU

Business

Rivers Workers Seek Scrapping Of Contributory Pension Scheme

Published

1 day ago

May 18, 2026

The Tide

The Rivers State Council of Nigeria Civil Service Union has called on the State Government to urgently scrap the contributory pension scheme, describing it as unfavourable to long-serving civil servants in the state.

Chairman of the union, Chukwuka Osuma, said this in an interview with newsmen in Port Harcourt, recently.

Osuma said the current pension structure has continued to worsen post-retirement hardship for workers.

He noted that the contributory pension scheme had failed to provide adequate retirement security for workers who had spent many years in service, especially those approaching retirement age.

According to him, civil servants who had served for more than 20 years were among the worst affected under the scheme, insisting that many retirees could no longer cope with prevailing economic realities.

He also informed that the Union has made moves to showcase their concerns, pleading with Governor Siminalayi Fubara to abolish the pension policy and introduce a more favourable arrangement for affected workers.

“The union was not opposed to pension reforms, the contributory scheme should only apply to newly employed workers or those with fewer years in service”, he said.

Osuma explained that workers who had already spent decades in the civil service ought to remain under a more secure pension structure capable of guaranteeing stability after retirement.

The labour leader further noted that inflation and the rising cost of living had continued to erode the value of retirement savings, thereby increasing the suffering of pensioners across the country.

He also appealed to the state government to consider extending the years of service in the civil service from 35 to 40 years and the retirement age from 60 to 65 years.

Osuma argued that such adjustment had become necessary in view of present-day economic realities and changing conditions in the workplace.

The unionist also reviewed that similar policies had already been adopted in some sectors and jurisdictions, expressing optimism that the State could also implement the reforms for the benefit of workers.

He however, commended Governor Fubara for approving an N85,000 minimum wage for workers in the state, noting that the amount was above the national benchmark of N70,000.

Osuma also acknowledged the government’s efforts in the area of workers’ promotions and bonuses, but insisted that pension reforms and extension of years of service remained critical to the long-term welfare and stability of civil servants in Rivers State.

By: King Onunwor

Business

FG Begins South-West Tour To Promote New Cooperative Bank

Published

6 days ago

May 13, 2026

The Tide

The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.

Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.

According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.

Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.

“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.

The minister noted the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.

According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.

Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.

He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.

“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.

He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.

“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.

Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.

“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.

“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.

Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.

She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.

Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).

“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.

“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.