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Mile One Market Resettlement Saga

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The first phase of the Rivers State Government funded reconstruction of the Rumuwoji (Mile 1) market in Port Harcourt has been concluded and a process is already on to allocate the 1,000 stalls to traders.

From available records, the last fire incidence witnessed at the Mile I Market occurred on January 6, 2004. This was after a sequence of such other fires, some of which were blamed on arson.

For a long time after this latest disaster, traders conducted their businesses under canopies. In fact, the entire market could be described as a forest of multicoloured umbrellas.

This was indeed the situation of things while the commission of inquing constituted by the then governor, Dr. Peter Odili, strived to uncover the causes of the fire incidence.

It would also be recalled that contract for this first phase of reconstruction was awarded by the Celestine Omehia administration in July, 2007 to Diamond Group (Nigeria) Limited at a cost of N3 billion.

The initial contract scope was for delivery to the state government of 1000 lock-up stalls in a modern, state- of- the- art, multiplex structure on three floors; but based on expert advice, the design was changed to a two-floor structure.

Daniel Iheme is the chairman of Mile One Market Traders Association (MOMTA). According to him, Omehia government did inform the traders union of the state’s intention to rebuild the market and the need for the traders to relocate temporarily.

On assumption of office in October 2007, the incumbent governor of Rivers State, Rt. Hon. Chibuike Amaechi did not put aside the reconstruction plan. In fact, on his maiden visit the market, the governor reassured that the reconstruction work would continue.

According to Iheme, “Governor Amaechi in his speech during his visit assured traders that they will be returned back as soon as the rebuilding is completed.”

Another committee was set up by the governor in 2009, according to the MOMTA chairman but traders did not know the committee members until recently when a publication was made, directing them to pay for the stalls.

The publication made by the committee on Mile One Market stalls allocation, headed by the Rivers State Attorney-General and Commissioner for Justice,  Ken Chikere, making payment of the sum of N10,000 open to members of the public attracted several reactions from traders, who had expressed fears that the exercise might be hijacked by politicians, rather than resettlement of the displaced traders.

The five-man committee for allocation of Mile One Market stalls which also include the Commissioner for Women Affairs, Mrs. Manuela George Izunwa; Commissioner for Environment, Kingsley Chinda;  Works Commissioner Dakuku Peterside and the Urban Development Commissioner, Osima Ginah, had severally reassured traders of the committee’s commitment to give them priority.

In a press statement, Osima Ginah had said that preference will be given to displaced traders, even though the process will be thrown open to all traders, including the displaced traders who must purchase, fill and submit the stall allocation forms.

In his word, Ginah said, “The governor has directed the committee to distribute the stalls equitably to displaced traders. We collated data of genuine displaced traders”.

He highlighted that the committee is working with such data and will ensure that displaced trades are given stalls before other traders, and dispelled rumours making the rounds over alleged plan to short change traders that were displaced. 

Barrister Ginah also posited that the completed market structure had 1,000 stalls, while displaced traders of that section of the market are between 650 and 700 traders, and that the second phase of the construction will commence after the first allocation is concluded; and will be given out on payment of minimal fee to government by traders.

But the traders union is strongly disputing the figure given by the commissioner as the number of displaced traders and this has been a source of worry to them as they have said that the displaced  traders are 1,304, comprising 654 at Cultural Centre and 650 at Ojukwu field, pointing out that the said 1,000 stalls built by government is not even enough for the displaced traders.

Giving strength to the statement of Osima Ginah, the chairman of the committee, Ken Chikere, in his recent press statement reassured that the allocation of the shops will be transparent in all fronts.

According to him, “The current sale of forms is going on smoothly at the Ministry of Justice, and all stakeholders are being carried along”.

Barrister Chikere in his statement also said that the committee will make use of the registers at its disposal which include the one submitted by Port Harcourt City Local Government (PHALGA), the traders, and the one raised by the committee for confirmation.

He assured traders of the committee’s preparedness to give them priority before any other persons and solicited for cooperation of all stakeholders in the exercise. 

According to the secretary of MOMTA, Mr. Uche Marvelous, “Traders are appealing to the governor to clear the air by coming up to address this matter. Paying N10,000 is not the problem, but we are worried on the fate of displaced traders. Let the governor also remember the promise he made to traders on resettling them after the completion of the project”.

Furthermore, the secretary posited, “our fear is that the other traders that are yet to move might create some difficulties, if those at the playground and cultural centre are not reallocated, and how would the Rumuwoji community react on traders if they are not reallocated. That is why we want the governor’s intervention on this mater”.

It is true that there are still uncertainties concerning the re allocation of Mile One traders, but it is ideal that issues be sorted out accordingly to make for meaningful progress in the system.

 

Corlins Walter

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Nigeria’s Inflation Drops to 15.06%

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Three States Record Lowest rates Published 16 Mar 2026 By  Dave Ibemere 3 min read The NBS has revealed that inflation rates dropped again in February 2026 The bureau noted that both headline and food inflation eased on a year-on-year basis Inflation was lowest in Katsina, Imo, and Ebonyi, while the highest was recorded in Kogi.
 Nigerian economy, the stock market, and broader market trends. The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate slowed further in February 2026. According to the bureau in its latest CPI report, the headline inflation dropped slightly to 15.06% from 15.10% in January 2026. Nigeria’s inflation eases to 15%, offering relief to households. It was 11.21 percentage points lower than the 26.27% recorded in February 2025. From breaking news to viral moments.  On a month-on-month basis, inflation stood at 2.01% in February, up from -2.88% in January, showing that prices rose at a faster pace than the previous month. Nigerian stock market records weekly gain as turnover hits N164.8billion Urban vs Rural Inflation NBS noted that urban inflation stood at 15.53% year-on-year, down from 28.49% in February 2025, while rural inflation was 13.93%, compared with 22.73% in the same period last year. Every month, urban inflation rose to 2.55% in February from 2.72% in January, while rural inflation eased to 0.71% from -3.29%. Food Inflation Food inflation dropped to 12.12% year-on-year in February, down sharply from 26.98% in February 2025. Monthly, food prices rose by 4.69%, higher than the -6.02% recorded in January. The NBS attributed the moderation to slower price increases in staples such as beans, cassava tuber, yam flour, crayfish, millet flour, cowpeas, and okazi leaf. The twelve-month average for food inflation was 19.08%, compared with 37.40% in February 2025. States breakdown for All Items The states with the highest all-items inflation rates were: Kogi (23.57%) Benue (22.85%) Anambra (22.09%) The lowest rates were recorded in: READ ALSO Naira appreciates by N27 against US dollar as external reserves cross $50bn Katsina (7.78%) Imo (11.66%) Ebonyi (11.71%) On a month-on-month basis, the highest increases were in Enugu (5.92%), Ogun (4.39%), and Anambra (4.11%), while declines were seen in Zamfara (-2.14%), Bauchi (-1.23%), and Katsina (-1.06%). Food staples contribute less to inflation as prices moderate in February. Photo: Bloomberg Source: Getty Images State Breakdown for Food Inflation Food inflation was highest in: Kogi (26.91%) Adamawa (23.12%) Benue (21.89%) The lowest food inflation rates were seen in: Katsina (5.09%) Bauchi (7.09%) Imo (7.65%) Month-on-Month Food Inflation The states with the highest month-on-month increases in food inflation were: Bayelsa (8.81%) Ebonyi (8.51%) Edo (7.72%) The states that recorded declines were: Katsina (-0.70%) Nasarawa (0.17%) Kano (1.39%) Food price changes across markets in Nigeria Earlier, The  Tide source reported that due to Ramadan, staple food prices across the country are recording sharp increases as Muslims begin the Ramadan fasting season Ramadan is not only a period of abstinence from food and drink, but also a time for ‘reflection, discipline and heightened devotion’ Several traders in Abuja, Taraba, and Kaduna states are taking advantage and have hiked price. The NBS has revealed that inflation rates dropped again in February 2026 The bureau noted that both headline and food inflation eased on a year-on-year basis Inflation was lowest in Katsina, Imo, and Ebonyi, while the highest was recorded in Kogi.
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NDCCTMA, NDDC MDS Challenge Niger Delta Indigenes On Investment In The Region 

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The Nigeria Delta Chamber of Commerce, Trade, Mines and Agriculture  (NDCCTMA), and the Niger Delta Development Commission ( NDDC ) have challenged Niger Delta entrepreneurs to close the gap in Gross Domestic Products (GDP) differences between the region and that of the South Western part of the country by coming home to invest.
The bodies made the call at a Business Round Table organized by NDDCTMA, in Port Harcourt.
Chairman of NDDCTMA, Ambassador Idaere Gogo Ogan, said to close the gap between the south west region which he said has a GDP seize of about #59 trillion and that of the Niger Delta which is about #34 trillion was to massively invest in the region.
He said no other persons can  do this except sons and daughters from the region.
“For me I believe in statistics,I believe in data and everyday I looked at the data concerning development in Nigeria and from the GDP point of view, the South West has #59 trillion, that is the seize of the south west region economy, the second region following them is the Niger Delta region with GDP seize of #34 trillion,so there is a yearning gap of #25 trillion that separates the south west and the Niger Delta region, that is why we are here.”
Ogan said the region has the capacity to close the gap and even surpassed it but regretted that indigenes of the region have chosen to ignore it in terms of investment.
“We need to close that gap .If we close that gap and even surpassed it,all the negative problems of militancy and unemployment will automatically erase”, he stated.
Ogan noted that the event was organized to remind the people that past efforts of militancy and agitations have not led the region to any where saying “that is why we are gathered here in this room”.
Also speaking, the Managing Director/Chief Executive Officer, NDDC, Dr Samuel Ogbuku urged indigenes of the region not to use the problem of insecurity as an excuse to continue to deny the region of investment  as every part of the country have in one time or the other experienced crisis.
Ogbuku said most indigenes have displayed high level of unpatriotism towards the region by taking investments that would have benefited the people to either Lagos or Abuja.
“With little threat we have left the city, we have gone to Lagos,we have moved  our families to Abuja and Lagos. If you go round GRA all the property, you will see,”to let to let”most of them are now empty “he said.
The NDDC MD said despite the fact that people from the region are doing well in the oil and gas, banking and other sectors, its impact are not being felt at home because they are stationed outside the region.
By; John Bibor
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Cash Handouts Unproductive For Sustainable Agricultural Development – Engineer Kii

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Rivers State by its natural disposition is gifted with strategic economic advantage, particularly in  agricultural potentials and fortunes. This informs successive governments’ interest in  developing the agricultural sector, such as the School to Land Program, the Shongai Project, among several others.
The objective is to engender and leverage the sector  beyond mere subsistence practices into a full thriving economy, with the engagement and involvement of the youthful and productive population.
The Farm to Future Agro Based Training for Rivers youths by the present administration is notably one of the most pragmatic efforts of the Rivers State Government to engage the prospective creative capital of both the natural and human resources in the agricultural sector for sustainable development.
The concept, premised on the imperative of maximizing the huge agrarian prowess of the state, targets creation of sustainable livelihood for the teeming youth of the state. The project is also intended to achieve the chore needs of food sufficiency and job creation in the state.
This implies a significant deviation from the acculturised norm of expectations of financial benefits as the outcome of government programs and policies.
The tenets of the program are expressly difined in concept and practice as shown in the phases of its execution.
However, some beneficiaries of the project recently staged a protest, allegdging unpaid largesse, diversion of funds and perceived slighting by the Rivers State Ministry of agriculture. The said protest has stirred up concerns among stakeholders about how people view  government policies.
Many see the protest  as an attempt to create tension around the program and sabotage its original objectives.
Stakeholders and commentators are of the view that the Rivers State is in dire need of development in every critical sector, as such the  Ministry of Agriculture and its partners should be given the benefit of the doubt to implement the project to its logical conclusion without being hauled with accusations.
The former Commissioner for Agriculture, Engineer Victor Kii who was at the fore of driving the program has in a press statement debunked the allegations and sued for calm, restraint and understanding. Engineer Kii assured the participants that the empowerment phase will be implemented as soon as administrative normalcy is restored.
He commended the participants for their commitment and discipline during the training and urged them to uphold the norms of the program rather than misrepresenting its intentions.
Some pundits who commented on the recent development decried the fact that many people  still hold on to the notion that  incentives billed to create sustainable impact through skills based programs, should be given out as  largess, without adroit supervision of its utility function. This practice  has however created a culture of economic doldrum, dependency and servitude in the past.
Thus the idea of seen the Rivers Farm to Future project  as a mere quixotic experiment for cash benefits  without achieving set goals is counter productive. Such opportunistic thinking have stunted government efforts  over the years in achieving long term objectives of development.
As disclosed by the former commissioner for Agriculture in his detailed explanation, the Farm to Future project was strategically designed to address this culpable deficit in institutional planning and consolidation of results.
The former commissioner gave an  explicit description of the nexus of operation of the program.
As revealed by him;  ” The program is a strategic intervention to equip young people in Rivers with practical skills and to nurture a new generation of agricultural entrepreneurs. 500 beneficiaries received intensive agri business training in the first phase.”
 He pointed out that the program was conceived and designed in line with global best practices which de emphasizes indiscriminate cash handouts for beneficiaries. Rather it promotes practical engagements in agricultural activities and business initiatives.
At the end of the training in February, beneficiaries were encouraged either individually or in cooperative clusters to identify value chain for establishment of viable businesses.
They were also asked to produce structured business proposals for perusal and review by the ministry of agriculture and appointed consultants, after which successful proposals would be forwarded to the Bank of Agriculture with Rivers State Government providing guarantees.
The strategies for implementation include field inspections and evaluation for beneficiaries who had already commenced practical activities in identified locations.
The approach was to discourage the commonplace ideology of diverting funds meant for specific projects for unrelated purposes, thereby undermining the conscious exploration of creative potentials into long term benefits.
The process was however temporary interrupted by the dissolution of the Rivers State Executive Council and the ongoing renovation of the Rivers State Secretariat complex but the profound optimism and positive expectations that are the hallmark of the project remains sacrosanct.
Engineer Kii assures.
By: Beemene Taneh
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