Niger Delta

Dickson Approves N10bn For Investment Corporation’s Take Off

Published

13 years ago

May 1, 2013

Bayelsa State Governor, Hon. Seriake Dickson has inaugurated the Bayelsa State Development and Investment Corporation (BDIC) with an initial take off grant of N10 billion, saying that the gesture was to enable the state diversify from oil and gas sector of the economy.

Disclosing this at the Inaugural Board Retreat of BDIC held at the weekend in Yenagoa, Governor Dickson said this would assist the corporation in performing its statutory functions, which include attracting local and foreign investors to the state, boosting its economic profile and providing an economic blueprint for the state.

Governor Dickson stressed the importance of the board members of the BDIC to participate in the present administration’s efforts to turn the economy of the state around, adding that it has become imperative for the state to diversify from the oil and gas sector of the economy in view of the non renewable natural resource and emerging global economic market trends.

According to him, “the new Bayelsa that we all crave for, the new Bayelsa that we actually deserve, that new Bayelsa can only be founded on prosperity and security. Government is building roads and bridges, schools and so on, but in vain do we do all of this, if these activities do not translate to economic prosperity and opportunities for our people”.

Stressing the need for active involvement of the Organised Private Sector (OPS) in the development process of the state, Hon. Dickson said government should have little or no business in running commercial enterprise, adding that his administration believes in free enterprise.

“Our government is a believer in free enterprise. It believes that the private sector is best suited to promoting enterprise, creating wealth, sustaining development. Government should, therefore, have very little business in running businesses”, he said.

On the expected role of the BDIC, the governor pointed out that the corporation was to serve as a catalyst for economic growth and prosperity, and not to usurp the functions of the ministries, departments and other agencies of the government.

He submitted, the BDIC is not intended to take the place of the ministries in this state. It is not a body that is higher than the ministries and government of this state. The BDIC’s role is not policy formulation. That will continue to reside in the State government and its formal organs. However, it will be the duty of the BDIC to drive those activities that are investment related.

“It is the instrument for driving investment; attracting investment and, directly investing. Also, because it is a creation of our laws, there will always be necessary collaboration with other organs of government”, he added.

In his bid to strengthen the economic base of the state and place it on a higher pedestal, Governor Dickson urged the management of BDIC to bring their wealth of experience to bear on the corporation’s mission, especially in the area of building a formidable conglomerate.

“We have instances of Odua Group of Companies and other similar bodies within this country. Outside the shores of the country, we have sovereign entities like Investment Development Corporation, (IDC), South Africa, and that of Rwanda and so many others.

“These models exist and that is the level we want to take our state to. Let me emphasise that going forward, all capital investment that have business elements will be undertaken by the BDIC”.

On the issue of funding, the governor disclosed, that “the BDIC will enjoy from now till the end of the current budget year, a capital injection of between N5billion-N10billin from the Government of Bayelsa State. This is to enable the BDIC perform effectively”.

Niger Delta

Nembe Renders Development Scorecard … Defers King Koko’s Annual Festival

Published

14 hours ago

February 9, 2026

The Tide

The Nembe-Ogbolomabiri Council of Chiefs in the Nembe Local Government Area of Bayelsa State have disclosed its developmental scorecard in the outgone year.

Speaking with Journalists who visited the kingdom during the week, Alternate Chairman of the Council, Alabo Moses Ayebaereworio Solomon-Ockiya said the urban town and her satelite communities were experiencing an unprecedented trajectory of development.

He noted that the kingdom was judiciously deploying funds accruing from the Host Community Development Trust Fund (HCDTF) for rapid infrastructural and human capital development.

The Tide learnt that the HCDTF is one of the many creations of the Petroleum Industry Act (PIA) which aims at executing developmental projects in host communities of oil and gas firms and facilities.

According to the kingdom, with the funds, delapidated internal roads were being reconstructed, while also overhauling other existing infrastructure and opening up of new roads for pavement to ease traffic in Nembe City, its major urban town.

The Alternate Chairman also bared his mind on the working relationship between an oil firm, Aiteo, which operates in the kingdom and the Nembe people, describing it as cordial.

He noted that the kingdom and the company were partners in progress, stating also that the firm has changed its operational name to Nembe E&P, describing the new nomenclature as more beneficial to the kingdom.

“Our Monarch, His Eminence, King (Dr.) Edmund Maduabebe Daukoru (Mingi XII), told some visitors who came to our kingdom recently that in the next five-six months when they’ll come back that they won’t recognize this town again. Today you can hardly recognize some old parts of this city due to the massive construction and reconstruction which is taking place.

“We’ve constructed between 5-10 kilometers of new roads in this town in the last couple of months. We’ve opened about 10 new roads waiting for construction. We’ve a visionary monarch who believes in the peace and development of his kingdom.

“This kingdom is so organized that we’ve the Council of Chiefs, the elders council, the youths, CDC and women wing. So there is peace, tolerance and harmony in the kingdom”, the Alternate Chairman said.

In another development, the Council of Chiefs has shifted this year’s celebration of the annual King Fredrick Koko’s day to February.

The Tide reports that the annual event usually takes place 29th January.

The Council said the reason for the deferment was because it coincided with the obsequious ceremonies of the late State Deputy Governor, Senator Lawrence Ewhrudjakpo.

The kingdom noted that the new dates for the celebration this year would now be February 11th, 12th and 15th, 2026.

“The burial of the late Deputy Governor of the State concided with the King Koko’s day. As a responsible kingdom, which honours those in authority, we decided to shift the celebration to 11th, 12th and 15th of February 2026.

“The reason for shifting it to February is because the King Koko-led Nembe-British war lasted up to the new dates it has been slated”, Alabo Solomon-Ockiya added.

By: Ariwera Ibibo-Howells, Yenagoa

Niger Delta

Oborevwori Celebrates Wife At 56

Published

14 hours ago

February 9, 2026

The Tide

Delta State Governor, Rt. Hon. Sheriff Oborevwori, has extended heartfelt congratulations to his wife, Deaconess Tobore Oborevwori, as she marks her 56th birth anniversary.

In a statement issued on Thursday by his Chief Press Secretary, Sir Festus Ahon, the Governor expressed deep appreciation for the steadfast support and encouragement of his wife over the years, noting that her unwavering commitment and prayers played a significant role in their journey to becoming Delta State’s First Family.

He described Deaconess Tobore as a devout and compassionate mother whose impact on society has been profound, particularly through her constant prayers and moral support for the state and their family.

The Governor also commended her humanitarian efforts through her pet initiative, the “You Matter Charity Foundation”, which he said has continued to touch lives, with special attention to vulnerable members of the society, widows and elderly, including children living with autism.

Oborevwori said: “On behalf of our family, as well as the government and people of Delta State, I warmly felicitate my dear wife, Her Excellency, Deaconess Tobore Oborevwori, on the joyful occasion of her 56th birthday.

“She has remained a shining example of dedication, compassion, and godly values, not only to our children, but to the entire state.

“As she celebrates this milestone, it is my earnest prayer, and that of our children, that God will continually endow her with strength, wisdom, and clarity of purpose as she carries out the demanding responsibilities of the Office of the First Lady of Delta State.”

He further expressed his personal admiration for his wife, describing her as a source of daily joy and inspiration.

“You make every day a pleasure with your self-effacing mien, cheerful disposition, love for God, devotion to family, disciplined work ethic, and unwavering service to humanity. I celebrate you today and always. Happy birthday, my love and best friend”, he said.

By: Albert Ograka, Asaba

Niger Delta

NDDC Restates Commitment To Support Security Agencies In N’Delta

Published

14 hours ago

February 9, 2026

The Tide

The Niger Delta Development Commission (NDDC) has restated its commitment to supporting security agencies in the Niger Delta, describing peace and stability as the foundation for sustainable development in the region.

Managing Director of the Commission, Dr. Samuel Ogbuku, said the NDDC’s collaboration with security agencies is driven by the understanding that development cannot flourish in an atmosphere of insecurity, just as underdevelopment often fuels conflict and unrest.

Speaking during a courtesy visit by the Flag Officer Commanding, Central Naval Command, Rear Admiral Suleiman Ibrahim, at the Commission’s headquarters in Port Harcourt, Ogbuku noted that the NDDC had deliberately built strong partnerships with security institutions to protect critical national assets and create an enabling environment for economic growth.

According to him, the Commission’s support for security agencies aligns with the directive of President Bola Ahmed Tinubu to ensure peace and security across the country, stressing that the relative calm currently enjoyed in the Niger Delta is the result of sustained security interventions.

Ogbuku explained that security is a collective responsibility involving host communities, government and development institutions, adding that the NDDC would continue to provide strategic support to the Nigerian Navy and other agencies to enhance their operational effectiveness.

He assured the Naval Command of the Commission’s readiness to deepen engagement, maintain open channels of communication and undertake field visits to better understand the operational challenges faced by security agencies.

Earlier, Rear Admiral Ibrahim commended the NDDC for its visible development projects across the Niger Delta, noting that the Commission’s interventions had positively impacted communities and security formations in the region.

He said the Navy’s efforts to safeguard oil exploration, production and transportation, including the recently launched Operation Sentinel, would require sustained collaboration, particularly as Nigeria targets increased crude oil production in the coming years.

The Naval Commander urged the NDDC to sustain and expand its support, noting that improved security would translate into higher oil output, increased revenue, and accelerated development for the Niger Delta and the country at large.