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Amaechi Assures On Unity Road Delivery …Mourns Five Eminent Rivers Indigenes
Rivers State Governor, Rt Hon Chibuike Amaechi, has assured the people of Opobo community on the early completion of the Ogoni/Andoni/Opobo Unity Road.
Amaechi gave the assurance during the Iria thanksgiving of Mrs Felly K Minimah, wife of the General Officer Commanding the 81 Division of the Nigerian Army, Maj-Gen Kenneth Minimah at Minimah Town in Opobo Nkoro Local Government Area of the State.
The State Chief Executive noted that with construction work nearly getting close to Kalaibiama Town, the project would soon get to Opobo, where it is expected to terminate.
Said he, “I think we are close to Kalaibiama with two bridges and we know how the Opobo creeks are and if you close them, you will have challenges in the future. But the 500 metres bridge is important and that is the major one”.
According to him, once the bridge is crossed, the remaining part of the project will be easy to conclude,” and promised to release more funds this January to fast-track the project.
It would be recalled that the Governor had through his deputy, Engr Tele Ikuru last year challenged the contracting firm, Rivigo JC after being financially mobilised.
Worth over N20 billion, the road is targeted to link about 30 riverine communities in the South-East Senatorial District of the state.
Meanwhile, Governor Amaechi has congratulated Maj-Gen Minima for his elevation in the army.
The Governor remarked, “I don’t think we have had a GOC before but even if we have had it, this is the first time we are having one in recent times. So we have come to honour him by participating in his wife’s Iria thanksgiving service”.
Earlier on, Maj-Gen Minimah had expressed appreciation to the Governor for his transformational agenda in the state.
He used the opportunity to appeal to the Rivers State Chief Executive for the completion of the Unity Road,” I understand there are still one or two bridges remaining and so once that is done, there will be a new dimension to infrastructural development in Opobo,” Minimah said.
Meanwhile, the New Year news of the demise of five prominent citizens of the state has thrown the state into mourning.
Among the late prominent Rivers sons are, HRM, Eze Apara Rebisi, Eze Sunday Woluchem and two time governorship candidate, Chief Eric Aso.
Others are Prof N C Ejituwu, Prof Boma Obuoforibo and Alhaji Ahmed Okiri, a muslim leader.
The Rivers State Governor, Rt Hon Chibuike Amaechi has expressed sympathies with the families on behalf of the state Government.
At the family home of Late Chief Aso, Governor Amaechi said the state dearly missed the contributions made by the deceased in his lifetime.
“The State Government is here because of the contributions Chief Aso had made to the development of the state and we want to sympathise with the family”, Governor Amaechi said.
Responding on behalf of the family, Mr Okechukwu Aso, one of the sons of the late politician thanked the Rivers State Governor for the condolence visit, “we thank you for remembering us at this time”.
Mr Aso described his late father as one who had always stood for the truth and always wanted to create an impact on the lives of the less-privileged.
At the Palace of the Paramount Ruler of Port Harcourt, Eze Sunday Woluchem, Rt Hon Amaechi urged the bereaved family to take solace in the fact that the late traditional ruler lived a great life.
He said, “be satisfied by the fact that HRM Sunday Woluchem lived a great life and that he would not be forgotten in the history of Rivers State.”
He urged the family to continue with the legacies their late father left, “don’t forget the tenets that he lived with. He was patriotic, he was both an Ikwerre and a state leader and was detribalised”.
A son of the late traditional ruler, Mr Alex Woluchem thanked Governor Amaechi for coming to sympathise with the family at this period of loss.
Also, at the family home of Late Prof N C Ejituwu, Governor Amaechi said the deceased made great contributions in academics and also to the state government when he served on the State Economic Advisory Council.
In his response, nephew to the late academic,, Barrister Edward Ejituwu thanked the governor for the visit. He said the death of Prof Ejituwu even though painful was full of good memories, since he lived a fulfilled life.
On the death of Prof Obuoforibo, Amaechi described his demise as shocking, noting that, “he was a gentleman, an academic and a leader who contributed a lot to healthcare development issues”.
Responding, widow to Late Obuoforibo, Mrs Rose Obuoforibo stated that her late husband loved the state and enjoyed working for the State Government, and thanked the Governor for remembering the family at the period of mourning.
Governor Amaechi was also at the family home of Late Alhaji Okiri, where he conveyed his sympathies and that of the state to the family of Muslim leader.
He described Alhaji Okiri as a leader and patriot who loved the state and his people, while urging the children to continue to promote peace as their late father did.
Representative of the family, Chief Aribitonye Okiri expressed the family’s gratitude to the Governor for the visit stressing that his late father ensured the peaceful co-existence of Muslims and Christians in the state.
President Bola Tinubu has ordered a security outreach to the hotbeds of recent killings in Plateau, Benue and Borno States, to restore peace to areas wracked by mass killings and bomb attacks.
National Security Adviser, Nuhu Ribadu, disclosed this to State House correspondents after a four-hour security briefing with the President at the Aso Rock Villa, Abuja on Wednesday.
“We listened and we took instructions from him. We got new directives…to go meet with the political authorities there,” Ribadu told reporters, adding that Tinubu directed them to engage state-level authorities in the worst-hit regions.
Director-General, National Intelligence Agency, Mohammed Mohammed; Chief Defence Intelligence of the Nigerian Army, Gen. Emmanuel Undianeye; Director-General, Department of State Services, Oluwatosin Ajayi and Chief of Staff to the President, Femi Gbajabiamila, appeared for the briefing.
The Tide’s source reports that in Plateau State, inter-communal violence between predominantly Christian farmers and nomadic herders spiralled into gory slaughter when gunmen stormed Zikke village in Bassa Local Government early on April 14, killing at least 51 people and razing homes in a single night.
In Benue, at least 56 people were killed in Logo and Gbagir after twin assaults blamed on armed herders.
Meanwhile, in Borno State, eight passengers perished and scores were injured when an improvised explosive device ripped through a bus on the Damboa–Maiduguri highway on April 12.
Ribadu explained that after an extensive briefing, intelligence chiefs received fresh instructions to restore peace, security and stability across Nigeria.
“In particular, Tinubu had ordered immediate outreach to the political authorities in Plateau, Benue and Borno States, and the defence team had gone round those States to carry out his directives and report back.
“We gave him an update on what has been the case and what is going on, and even when he was out there, before coming back, he was constantly in touch. He was giving directives. He was following developments, and we, in charge of the security, got the opportunity today to come and brief him properly for hours. And it was exhaustive.
“We listened and we took instructions from him. We got new directives. The fact is, Mr. President is insisting and working so hard to ensure that we have peace, security and stability in our country. We gave him an update on what is going on, and we also assured him that work is ongoing and continues.
“We also carried out his instructions. We went round, the chiefs were all out where we had these incidents of insecurity in Plateau State, Benue State, even Borno, these particular three states, and we gave him feedback, because he directed us to go meet with the political authorities there,” the NSA explained.
Ribadu described Tinubu as “worried and concerned,” and said he directed that all security arms be deployed around the clock.
The government, he added, believes these steps have already produced measurable improvements, even if the situation is not yet 100 per cent safe and secure.
“He’s so worried and concerned, he insisted that enough is enough, and we are working and to ensure that we restore peace and security and all of us are there. The armed forces are there, the Civil Police, intelligence communities, they are there.
“They are working there 24 hours, and we feel that we have done enough to believe that we are on the right course, and we’ll be able to be on top of things,” Ribadu stated.
The NSA emphasised that combating insecurity was not solely a Federal Government responsibility.
He stated, “The issue of insecurity often is not just for the government. It involves the subunits. They are the ones who are directly with the people, especially if some of the challenges are more or less bordering on community problems.
“Not entirely everything is that, but of course it also plays a significant role. You need to work with the communities, the local governments, and the governors, especially the governors.
“The President will continue to direct that. We should be doing that, and that’s what we are able to. We are very happy and very satisfied with the instructions and directives given by Mr. President this evening.”
In Borno State, the NSA noted that while violence had surged in recent months, the insurgents refused to accept defeat.
He warned that most recent casualties there resulted from improvised explosive devices—”cowardly” IED attacks targeting civilians—and from opportunistic raids that follow any lull in fighting.
“We are getting the cooperation of the leadership at the state level, and everybody. It’s not 100 per cent…but we are going there.
“When you are having peace and you are beginning to get used to it, if one bad incident happens, you forget the periods that you enjoyed peacefully,” he added.
He paid tribute to the “many who do not sleep, who walk throughout, who do not go for any break or holiday”—the soldiers, police and intelligence officers whose sacrifices have created the fragile calm Nigerians now experience.
“They will continue to be there,” he said, adding, “Things have changed in this country…we are on the right track and we will not relent. We will not sit down; we will not stop until we are able to achieve results.”
A Federal Government agency – the National Agency for Science and Engineering Infrastructure, has decried the low patronage of Nigerian-made products by Nigerians.
The agency identified some challenges leading to the low patronage of the local products as affordability and public perception, among others.
Speaking during a stakeholders meeting organised by the agency in Akure, Ondo State capital, yesterday, the Deputy Director of Engineering at NASENI, Mr Joseph Alasoluyi, said Nigerians preferred buying foreign goods compared to local goods.
Alasoluyi, however disclosed that the agency had trained over 50 participants in the production of hand-made products, in a bid to ensure Nigeria-made products are patronised.
He explained that NASENI was set up to promote science, technology, and engineering as a foundation for Nigeria’s development and currently operates 12 institutes nationwide to achieve its objectives.
According to him, the aim of President Bola Tinubu, who is also the overall chairman of NASENI, was to ensure high production and patronage of “our local products thereby creating employment opportunities for many.”
He said, “The idea of this programme is to interface to ensure we produce products using our indigenous technology. This is what NASENI is out for, to ensure that homegrown technologies are encouraged.
“We are out there to ensure we integrate efforts to ensure that local technology is used to develop products within the resources we have.
“ The NASENI’s ‘3 Cs’ – Creation, Collaboration, and Commercialisation – that define NASENI’s strategic mandate: Creating innovations through research, Collaborating with partners to develop and refine products, and Commercialising these solutions to benefit the economy.
“Our achievements include the development of solar irrigation systems, CNG conversion centres, building machines capable of producing up to 1,000 blocks per hour, 10-inch tablets, locally made laptops, and electric tricycles (Keke Napep) set for market launch.”
In his remarks, the Deputy Vice Chancellor of the Federal University of Technology, Akure, Prof. Samuel Oluyamo, blamed the Federal Government for not properly funding research in the varsities, also noting that many research outputs were left halfway due to lack of funding and weak linkages between research institutions and industry.
Oluyamo also queried the Federal Government’s commitment to funding research and development, saying many academic innovations remained on the shelve due to a lack of support for commercialisation and poor infrastructure.
“Until we upscale research into mass production, technological growth will remain elusive. The government is not funding research in the universities enough. Thank God for TETfund that is trying in this regime. The major interest in beefing up research in universities and research institutions is really not there,” he said.
The Director-General of the Debt Management Office, Patience Oniha, has said that Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index and renew investors’ confidence.
Oniha disclosed this on Wednesday at a Nigerian Investors’ Forum on the sidelines of the World Bank and International Monetary Fund Spring Meetings in Washington, D.C.
The DMO boss explained that Nigeria has enjoyed favourable credit assessment among rating agencies in recent times on the back of the sweeping reforms initiated by the Central Bank of Nigeria.
Fitch Ratings recently upgraded the Long-Term Issuer Default Ratings of seven Nigerian banks and two bank holding companies to ‘B’ from ‘B-‘, noting that the outlooks are Stable.
The affected issuers are Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Limited, Guaranty Trust Holding Company Plc, First HoldCo Plc, First Bank of Nigeria Ltd, Fidelity Bank Plc and Bank of Industry Limited.
The upgrades of the Long-Term IDRs of the banks followed the recent sovereign upgrade and reflect Fitch’s view that Nigeria’s sovereign credit profile has become less of a constraint on the issuers’ standalone creditworthiness, the rating agency said.
Fitch also upgraded Nigeria’s Long-Term IDRs to ‘B’ from ‘B-‘ on 11 April, a decision that reflected increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end deficit monetisation and remove fuel subsidies.
“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” Fitch said.
Nigeria was removed from the JP Morgan index in 2015 ostensibly due to its deviation from orthodox monetary policies and influence of capital control in its management of foreign exchange.
Principally due to reduction in oil revenues at the time, Nigeria introduced currency restrictions to defend the naira after it failed to halt a dangerous slide with burning of dollar reserves. The bank had earlier warned Nigeria to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles.
“Foreign investors who track the GBI-EM series continue to face challenges and uncertainty while transacting in the naira due to the lack of a fully functional two-way FX market and limited transparency,” the bank said in a 2015 note.
Nigeria was listed in JP Morgan’s emerging government bond index in October 2012, after the Central Bank removed a requirement that foreign investors hold government bonds for a minimum of one year before exiting.
The JP Morgan Government Bond Index reflects investor confidence and opens doors to billions of investment flows, making Nigeria’s proposed re-entry a positive signal to the market and investors.
Oniha explained that talks with JP Morgan were ongoing and had gained momentum in recent times due to the stability created by the FX market reforms.
“With all the reforms that have taken place, particularly around FX, we have started engaging JP Morgan again to get back into the index. We think we are eligible now,” the DMO DG said.