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Rivers Strategic Economic Dev: The Jesse Jackson, Emeka Anyaoku Testimonies

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At a time when most economies in different regions of the world including those of the most advanced societies are getting downgraded, the strategic economic and development initiatives in today’s Rivers State rather got top endorsement last week from highly rated quarters.

The architect of this great transformational development taking place in this corner of Nigeria, the governor, Chibuike Rotimi Amaechi, has been declared as ‘Nigeria’s hope and future’.

One of the foremost Back-American civil rights activists, the highly respected reverend, Jesse Jackson, thinks Governor Amaechi represents the ‘future and hope of Nigeria ’. Together with the former Commonwealth Secretary-General, Emeka Anyaoku, in the Garden City, both international icons put the weights of their reputations together to rate Amaechi. They declared him a high performer, a man to watch.

They did this while speaking at a dinner and command performance of Prof. Chinua Achebe’s political satire – ‘A Man of The People’. This took place in Government House, Port Harcourt as part of the 2011 Garden City Literary Festival in Government House, last Wednesday.

The renowned reverend who was full of praises for the country’s democratic growth observed that Governor Amaechi represents the new spirit in consolidating Nigeria ‘s fledgling democracy.  Similarly, Anyaoku declared: “I could see Rivers State is fast approaching a level of development and from what I have seen, it is wonderful coming to the Garden City Literary Festival.”

The latest endorsements represent a huge vote of confidence in the efforts to reposition Rivers State as an emerging market worthy of the attention of serious investors within and outside of Africa .

Businesses in Nigeria tend to use their Port Harcourt presence to grow their turn-overs and  bottomline. In doing so, they also grow the GDP of the state and help to confirm the Garden City as the economic hob of Nigeria and oil centre in West Africa.  Multinational corporations seem to confirm this trend more than any other group of businesses.

This scenario comes with enormous responsibility on state government especially in providing security of lives and assets, infrastructure and social services such as education and health facilities to support the metropolitan complexity of the city.

Security in particular posed the greatest challenge few years ago requiring my boss, upon emerging as the next governor, to make difficult decisions and fight to retake the city from gangs and gunmen masquerading as militants and freedom fighters. Today, the Garden City is regarded as one of the safest cities in Nigeria .

Infrastructure has taken a huge chunk of the income of the state. Studies show that boost in infrastructure leads to a corresponding increase in the GDP of any society. This means that capacity is directly related to force of infrastructure and it is increase in business volume that would positively affect economic boom.

This explains the rush for massive road construction (over 900km, 35 bridges, five flyovers) in the state. This may sound abstract to outsiders but considering the riverine nature of the state and the difficult terrain that limits business communication, road development becomes a must.

Power alone has been isolated in various studies by both local and international groups as one most important factor that must be urgently addressed with suicidal determination if Nigeria was to think of any serious economic start-off. With less than 4000mw when at least 10000 mw is needed, businesses can only seek solace outside Nigeria , seek self-help through expensive alternatives or face certain liquidation. This is why our state governor is determined in his pursuit of a power self-sufficiency status in Rivers State, a quest that has cost the state over N100 billion even when another N75Bn is needed right now. Soon, the state will hit her desired target.

Rivers State is investing heavily in education and health as critical components of the economic drive. The governor is replacing the 1000 obsolete primary schools in the state with 750 model primary schools that have won local and international acclaim. There are 24 ongoing international standards secondary schools with computer capabilities, each built with N4.5bn.

Another strategic initiative by the present administration is the recourse to accessing capital to fast-track these mega projects which include flyovers, some key roads, the schools, the medical facilities including Clinotech Centre, the new UST, monorail project, etc.

–          Ibim Semenitari, Mrs, is the Commissioner for Information and Communications, Rivers State; isemenitari@riversstate.gov.ng.

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PENGASSAN Tasks Multinationals On Workers’ Salary Increase 

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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked companies in the oil and gas sector to undertake urgent review of salaries of their workers in view of the prevailing harsh economic conditions in the country.
Also, the pensioners of Chevron Nigeria, under the aegis PenCoN, have lauded the President of PENGASSAN, Comrade Festus Osifo and his executive on their unrelenting efforts toward addressing pension abnormalities faced by retired workers in the oil and gas industry.
The association also appealed to the federal government to take necessary measures to check banditry and terrorist activities in parts of the country.
PENGASSAN President, Osifo who addressed journalists shortly after the National Executive Council meeting of the association in Abuja, at the weekend, said that though a lot of success has been recorded in negotiating salary reviews for its members, there are still organisations that have failed to lift their workers from the present harsh economic situation.
He said within this period, PENGASSAN has signed numerous Collective Bargaining Agreements (CBAs) which has brought smiles to the faces of its teeming members.
“This is because we recognise that our job, literally, is how to protect the job of our members, and how to enhance their pay,” he said.
Osifo said that operators in the oil and gas sectors always go for the best qualified professionals to carry out their operations.
“So, the same way they recruit the best, we also challenge them to provide the best condition of service and provide the best remuneration.
“Yes, today, a lot of companies will have achieved successes, but there are still few that we are still discussing at their CBAs, that we are not yet there.
“We still use this opportunity to call on these companies that are still foot dragging, that are still holding back, even with the massive devaluation that has occurred in our country, that still don’t want to fix the remuneration of our members.
“We are calling on them to do the needful, because for us in PENGASSAN we will push without holding back. We will push, using everything in our arsenal, to ensure that the needful is done,” he said.
Osifo spoke of the dispute with the Dangote Refinery group, saying there are still pending issues to be resolved.
“Gentlemen of the press, during the networking session, we also looked at the issues that are plaguing some of our branches, and you know that recently, we had some challenges in Dangote Refinery and PetroChemicals Ltd.
“And within this period, since our last National Industrial Action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues.
“Yes, the NEC decided that, yes, let us still consummate that process by pushing those issues, by engaging in dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved,” he said.
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SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

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The Securities and Exchange Commission (SEC) has launched the Regulatory Hub, a new centralized digital platform designed to streamline collaboration, strengthen oversight, and improve transparency across Nigeria’s financial and capital market ecosystem.
The Commission disclosed this in a statement posted on its website.
According to the commission, the platform connects key regulatory and security institutions including the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), Federal Inland Revenue Service (FIRS), and Corporate Affairs Commission (CAC), enabling them to exchange information securely and in real time.
The launch of this regulatory hub comes ahead of the implementation of new tax laws in January 2026, with agencies such as the FIRS spreading its tentacles across sector to monitor compliance.
According to the SEC Director-General, Emomotimi Agama, the launch marks a significant step toward modernizing Nigeria’s regulatory framework through technology.
“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.
The SEC said the platform would help reduce bottlenecks in regulatory processes and facilitate faster, more informed decision-making across agencies.
Reinforcing the DG’s comments, the Executive Commissioner, Operations, Bola Ajomale, highlighted the operational benefits of the new system.
“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.
The commission believes the Regulatory Hub would support its broader mandate to strengthen investor protection, enhance market stability, and harmonize regulatory activities across the financial sector.
It urged stakeholders to initiate interest by emailing the Commission, adding that once registered, participants would be able to access the Hub and take advantage of its features.
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NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products 

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The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing circulation of banned food products across markets in the country.
The agency, in a Press Release dated 6 December 2025, warned that these items including pasta, noodles, sugar and tomato paste are expressly listed on the Federal Government’s Customs Prohibition List and are illegal to import.
NAFDAC stated that the sale and distribution of such prohibited items violate national trade laws, compromise the integrity of Nigeria’s food control system, and pose significant public health risks, as they have not undergone the agency’s mandatory safety and quality evaluations.

Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.

The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.

The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.

“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.

NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.

By: Lady Godknows Ogbulu
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