Connect with us

News

Rivers Signs MoU For N10bn Banana Plantation …Amaechi Assures Quick Gains For Investors

Published

on

The Rivers State Government has signed a Memorandum of Understanding (MoU) with Union De Initiative SA DE CV of Mexico, for the establishment of a N10billion banana plantation in the state.

The commissioner for Agriculture, Mr Emmanuel Chinda who performed the ceremony on behalf of the state government in his office in Port Harcourt, said that the state government would contribute 40 per cent of the project sum while the Mexican firm will contribute the remaining 60 per cent.

Mr Chinda said that the plantation which will be sited in the Ogoni axis of the state, is meant to generate employment opportunities for the people of the state.

The Commisisoner also said that the plantation is part of the programme put in place by the government for the establishment of large-scale farms in the state.

“The state government is laying a lot of emphasis on large scare agriculture, we will re-examine all we have done in the area of agriculture so far, and try to raise the value chain of that sector so that it creates the necessary employment , that is supposed to be for our people”, he said.

He used the occasion to assure the Mexican investors of government’s preparedness to assist in the  realization of the project.

Speaking on behalf of the firm, Mr Gabriel Airedondo said they were proud to partner with the state government in the establishment of the plantation, describing it as a historic event.

The Permanent Secretary in the Ministry of Agriculture, Mrs Jokotade Adamu thanked them for their interest and stressed the need for the establishment of a factory  that will process the banana harvested from the plantation.

Meanwhile, the Rivers State Governor, Rt. Hon Chibuike Amaechi has assured prospective investors in the N250 billion Rivers bond of quick returns on their investment.

Governor Chibuike Amaechi gave the assurance, on Monday, when a team of Standard and Poors – an International public finance rating body led by its Director, International/Sovereign Public Finance, Mr. Lorenzo Pareja paid him a courtesy visit in Government House, Port Harcourt.

Governor Amaechi disclosed that the State has worked out modalities for paying back the loan. His words, “we assure all those who would invest in the bond that they would get back their money with good returns in good time.”

The Governor who reiterated the rationale behind going for the bond, averred that the bond is aimed at assisting government fund on-going projects such as the new M-10 Highway, the Greater Port Harcourt City, the Monorail, the New Mega Hospital, the new Rivers State University of Science and Technology complex and several other landmark developmental projects.

“What I’ve told them is, we must pay back within our tenure,” the governor said.

According to the Rivers State Chief Executive, the state government would not wait for the monthly revenue allocation to drive development.

“This administration needs money to complete its projects. Our target is to be able to fund capital expenditure. If we wait for Federal Government revenue, we may not be able to complete our projects on time.”

He added that, “in the next four years our projected revenue is estimated to be between 900 billion and 1 trillion naira.”

He disclosed that currently the internally-generated revenue has risen from N4.5 billion to N5 billion which makes the State viable to repay its debts without stress.

Earlier in his remarks, Mr. Pareja intimated the Governor that the team was in the State to carry out its yearly monitoring and assessment of the Rivers State credit ability.

So far, he said that the State has shown remarkable improvements in the management of its resources and governance in general.

Considering the current economic boom the state is witnessing, the Standard and Poor’s Director stated that the government could go ahead to issue the bond, noting that it is in line with the Rivers State capital expenditure.”

“We have heard of plans by the State to issue bond in the capital market. This is quite historic because it’s the first time Rivers State is doing it. N250 billion capital expenditure is a substantial investment.

“We hope that this very remarkable investment plan will have a lasting impact on the State and its internally generated revenue.” Pareja said.

Continue Reading

News

Substance Abuse Becoming Thing Of Concern -Odu

Published

on

Rivers State Deputy Governor, Prof. Ngozi Nma Odu, has lauded the important role pharmacists play in the wellbeing of the society.
Odu gave this commendation while playing host to members of Association of Lady Pharmacists of Nigeria, Rivers State Branch at the Government House in Port Harcourt, yesterday.
The deputy governor said while others are sleeping, pharmacists work hard “to ensure we all live in a better society, especially when you talk about the dangers of substance abuse.”
Odu stressed that, “It is really becoming a thing of great concern because of the level of children getting involved in this thing. It is even coming down to primary schools which now increases the burden of what you are doing, so we appreciate you for what you are doing for the society which we all are living in.”
The deputy governor extolled the lady pharmacists for the scholarship scheme they were sponsoring, noting that it was “amazing because when you change the narrative of somebody’s life, you become what they call a destiny helper.”
The deputy governor added, “So, for me, it is something I would encourage. Even the Bible says when you do it for them you have done unto God. It is a thing we get a lot of blessings out off, you may not see it now but some day it will definitely come.”
She expressed gratitude to them for their support for the Fubara-led administration which according to her has continued to spur them into action.
“Let me thank you for upholding the governor and myself in prayers, because without prayers we won’t be here, many people have prayed and God has heard, please do not stop, even for good governance, we need God to grant us the wisdom and knowledge of what to do”, she said.
In her remarks, Chairman of the Rivers State Branch of Association of Lady Pharmacists of Nigeria, Ebelechukwu Odom, said they were at the Government House to identify with the Governor Fubara-led administration in the ongoing restructuring of the state, and pledged their allegiance and unflinching support to the administration.
She assured that they would utilize the competences of Lady Pharmacists in Rivers State and synergize with partners for improvement in health, education, research development and socio-economic wellbeing of humanity through relevant and appropriate interventions, projects and programmes.

Continue Reading

News

RSG Denies Rumours Of Cholera Outbreak In Soku

Published

on

The Rivers State Government says it is not aware of any cholera outbreak in Soku community in the Akuku Toru Local Government Area of the State.
This was contained in a statement made available to newsmen in Port Harcourt by the State Ministry of Health.
According to the statement signed by the Commissioner for Health, Dr Adaeze Chidinma Oreh, the clarification was necessary following numerous enquiries from the media over a purported outbreak of cholera in Soku community.
The statement read in part, “The Rivers State Ministry of Health has received numerous enquiries from the Press regarding an alleged outbreak of cholera in Soku community in Akuku Toru Local Government Area.
“Public health teams dispatched to investigate these alleged cases and deaths have so far received no confirmation of such.”
While describing cholera as a waterborne infectious disease, the commissioner said that the disease is notifiable, warranting escalating reports from disease surveillance and notification officers at the community level.
The statement clarified that the ongoing medical outreach in Soku community is in no way related to any outbreak of cholera.
“Outreaches have always been a way of getting accessible health care to underserved and vulnerable population, however, all such outreach activities must be conducted with approval from and in collaboration with the State Ministry of Health and as such no entity should be conducting outreaches outside the coordination of the ministry”, it warned.
The ministry further said that all infectious diseases of this nature are reported, managed and escalated by the Rivers State Ministry of Health.
Dr. Oreh said the statement should serve as a strong warning to anyone conducting or planning health activities without due recourse to the Rivers State Ministry of Health.
She added that any such activities found to be carried out without the knowledge and clearance of the State Ministry of Health will be fully investigated and dealt with in order to ensure the protection of the lives of the people.
“Therefore, the general public and members of the Press are advised to disregard the rumours making the round on an ongoing outbreak of cholera and the death of some citizens of Soku community in Akuku Toru Local Government Area of Rivers State as it is presently unfounded, misguided and capable of causing panic amongst citizens and residents.
“The general public is thus urged to remain calm and rest assured that the Rivers State Ministry of Health will continue to be a veritable source of public health information in the state”, the statement concluded.

John Bibor

Continue Reading

News

Bill On State Police Scales Second Reading

Published

on

The House of Representatives, yesterday, passed for second reading a bill to provide for the establishment of state police in the country.
Sponsored by the Deputy Speaker of the House, Benjamin Kalu and 14 others, the bill seeks to alter the relevant Sections of the 1999 Constitution to pave the way for states to establish their own policing outfits.
As lawmakers took turns to contribute to the debate on the floor of the House during yesterday’s plenary, Kalu who stood in for the Speaker, Abbas Tajudeen, urged members to look beyond political ambitions and think about the safety of Nigerians and Nigeria.
Also speaking, Babajimi Benson (APC, Lagos) said, “It is the job of the police to maintain law and order. We have a population of over 200m people but we have a police strength that is less than 400,000. State Police should be created to address the internal security challenges of Nigeria.”

Continue Reading

Trending