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

Navy Pledges Improved Patrols, Welfare Boost For Personnel

Published

20 hours ago

January 9, 2026

The Tide

The Chief of Naval Staff (CNS), Vice Admiral Idi Abbas, has pledged to ensure improved welfare for personnel and more patrols on the maritime corridors of the nation.

He disclosed this during an on the spot assessment of things at the Eastern Naval Command (ENC), Calabar, on Wednesday.

According to him, there is the need for officers to always be ready, by improving on their welfare, in a bid to keep the country secured.

“I am here for an on the spot assessment of our operations and like you have seen, I have also gone round to check the ongoing buildings.

”These are welfare issues and for us to be able to have our men ready and keep us secured, their welfare needs to be catered for.

“So, we are here to kill two birds with one stone, which are basically operations and welfare issues.

”I am happy with what the command is doing; it is doing well in terms of keeping the maritime environment safe.

“We will continue doing what we are doing and improve on that, which is patrol of the waters and increase in the area of surveillance”, he stated.

As part of his visit, Abbas commissioned the 12×1 Junior Rates Accommodation Block A and B, at the Navy Barracks at Atimbo in Calabar.

The naval chief also inspected other ongoing projects in the Akim Barracks, 1006 flats and the Navy hotel, all within Calabar.

Niger Delta

Delta Begins Uromi Junction Flyover Construction

Published

23 hours ago

January 9, 2026

The Tide

The Delta State Government says it has began construction work on the long-awaited Uromi Junction Flyover Bridge in Agbor, Ika South Local Government Area of the state.

Director-General (DG) of the Delta State Bureau for Orientation and Communications, Dr. Fred Oghenesivbe, confirmed the development to newsme in Asaba.

According to him, heavy-duty construction equipment have arrived the site, a project which is being handled by Julius Berger Nigeria PLC, one of the country’s leading construction firms.

Oghenesivbe, described the flyover as a massive infrastructure project with far-reaching socio-economic benefits for the area.

He said the project would significantly transform the Agbor metropolis by easing traffic congestion, improving the city’s aesthetics, and boosting commercial activities within the local government area.

He described the State Governor, Sheriff Oborevwori, as a promise-keeper and pragmatic leader whose administration remains committed to infrastructure development and economic growth across the state.

The DG expressed confidence in Julius Berger’s capacity to deliver the project within record time and according to the highest construction standards.

“The Uromi Junction serves as a major link between different parts of the country but has recently been plagued by severe traffic congestion, making vehicular movement increasingly difficult”, he noted.

He urged residents to cooperate with the contractor and safeguard construction materials and equipment to ensure the timely completion of the project.

Niger Delta

A’Ibom Rejects Ekid Ownership Claim Of Stubbs Creek

Published

23 hours ago

January 9, 2026

The Tide

The Akwa Ibom State Government has rejected claims by the Ekid People’s Union that it owns land within the Stubbs Creek Forest Reserve, describing such assertions as “false, misleading and a distortion of the judicial record.”

In a recent statement, signed by the Attorney-General and Commissioner for Justice, Uko Udom, the state government said it was compelled to respond in the “overriding public interest,” despite a pending court case instituted by the same group.

The government stated that contrary to claims circulating in the media, the historic case of Ntiaro and Ikpak vs. Ibok Etok Akpan and Edoho Ekid, decided by the Judicial Committee of the Privy Council in 1918, did not vest ownership of Stubbs Creek land in any ethnic group or community.

“The final judgement merely dismissed the claims before the court and granted title to no party whatsoever”, the government stated, adding that “any assertion to the contrary is false, misleading and a distortion of the judicial record.”

According to the statement, the land was lawfully reserved by the colonial government under Forest Reserve Order No. 45 of 1930, later amended in 1941, 1955 and 1962, with “the principal rights of the land forfeited to the Government upon the change of status.”

It said the area has since been administered under applicable laws by the Akwa Ibom State Government, which “has at all times acted within its lawful authority in the management and allocation of land in the area for legitimate public and economic purposes.”

Citing the 1999 Constitution and the Land Use Act, the government stated that all land in the state is vested in the governor to be held in trust for the common benefit of Nigerians, noting that claims of absolute ancestral ownership are subject to existing laws.

The government “categorically denies allegations of fraud or misrepresentation” regarding Stubbs Creek or investments there and warned it would take “appropriate legal steps” against any individual or group publishing false or defamatory material capable of undermining public confidence or discouraging investment

The statement also assured the federal government of “full access and Right of Way” for the proposed Coastal Highway through any part of the state.

The government statement followed an earlier report in which the Ekid People’s Union accused Governor Umo Eno of Akwa Ibom State of making comments that allegedly linked the community to terrorism, while he was defending the Coastal Highway project passing through the Stubbs Creek.

Ekid People’s Union maintained that the people of Ekid are the original owners of the land known as Stubbs Creek Forest Reserve, arguing that their ancestral ownership predates colonial rule.

The group cited historical occupation, customary ownership and a 1918 Privy Council case, which it claimed affirmed Ekid rights over the territory.

The union also accused the Akwa Ibom State Government of misrepresenting history to justify taking over the land for commercial interests and the proposed Coastal Highway, an allegation the state government has denied.

The group rejected any suggestion linking the Ekid people to criminality or terrorism, insisting they were peaceful citizens defending their ancestral land through lawful and civic means.