Niger Delta
Dickson Approves N10bn For Investment Corporation’s Take Off
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
Pro-Chancellor Hands Over Okey Onuchuku Peace, Conflict Institute Building
History was made on Wednesday 17th June, 2026 when the Okey Onuchuku Institute of Peace and Conflict Studies building was handed over to Ignatius Ajuru University of Education (IAUE).
Speaking during the hand over ceremony, which attracted an array of personalities from various works of life, the 13th Pro-Chancellor and Governing Council Chairman of IAUE, Chief Chinyere Igwe, commended the Vice Chancellor of IAUE, Professor Okechuku Onuchuku, for giving back to the University with the institute’s building project.
While affirming that Government cannot do it all, he encouraged individuals, corporate organizations, institutional partners to ensure the growth of University education in Nigeria.
He praised Tertiary Education Trust Fund (TETFUND) for sustaining University Education in Nigeria, and called for good initiatives and support “that will not only benefit the University, but put IAUE on the map of academic excellence in Nigeria and beyond.”
Earlier, the Vice Chancellor, Professor Onuchuku, expressed gratitude to his wife, Mrs. Chika Onuchuku, and family for all the support given for the vision achieved.

He also thanked his close associates, political friends, well-wishers, and others who donated generously towards the building project.
“The growth of Universities all over the world”, Professor Onuchuku said, “comes from personal efforts of individuals, alumni associations and others.”
He noted that donations as being witnessed is the best way to go and called on all to invest in the Nigerian education system and immortalize their names with worthwhile donations and contributions..
The Okey Onuchuku Institute of Peace and Conflict Studies building, he further stated, “is donated as a Professorial Chair with the Dean of Postgraduate School, Professor Chibuzor Chile Nwobueze, also a Professor of Peace Studies, as the occupant of the Professorial Chair.
Giving his address, the Director, Okey Onuchuku Institute of Peace and Conflict Studies, Professor Kingdom Elendu Ohia Nwaenyi, lauded Professor Okechuku Onuchuku for sacrificing his hard earned salaries, allowances and funds raised from two volumes of textbooks in his honour and titled “Perspectives on Nigeria’s Development”, launched on his 60th birthday.
He noted that the project is the first legacy to be accomplished by any serving Vice Chancellor in the institution.
Professor Nwaenyi stated that the Institute mounted five programmes: Peace and Conflict Studies; Peace Building and Development; Peace Building and Security Studies; Peace Building and Conflict Management; and Peace Education.
The institute, he explained, has birthed over fifty students running programmes in Postgraduate Diploma, M.A, M.Sc, M. Phil, and PhD.
Thirty students are in the PhD programme, fifteen are admitted into the Masters and M.Phil, and eight in Postgraduate Diploma Programme.
He expressed hoped that the Institute would check litigation and provide alternative dispute resolution.
In a vote of thanks, the Chairman, Okey Onuchuku Peace and Conflict Studies and Dean of Postgraduate School, Professor Chibuzor Chile Nwobueze, thanked God for His grace and enablement.
He prayed for the donor and Vice Chancellor of IAUE, Professor Okechuku Onuchuku, and further expressed his gratitude to Professor Isaac Olawale Albert, the third most cited Peace Scholar in the world, for his collaboration in developing a world class curriculum.
While thanking all who supported and celebrated with the University in this regard, Professor Nwobueze assured the public that the Okey Onuchuku institute of Peace and Conflict Studies will emerge as a centre of excellence, contributing meaningfully to scholarship, policy formulation, community engagement and the promotion of peaceful coexistence within Nigeria, Africa and the global Community.
The Institute, he stated, is willing to partner with the Society for Peace Studies and Practice (SPSP) in line with its mandate to promote peace studies, Peace building, Conflict Management and sustainable development.
The institute has over four lecture halls with sixty to one hundred and twenty capacity, a befitting conference hall, offices for staff and a library.
A donation of one million naira was made during the event for the best two graduating students of the institute by Barrister Nyema Wagbara, the Leader of Dynamic Development Club of Port Harcourt based in Rumuolumeni.
Each of the two best graduating students will get the sum of five hundred thousand naira.
The event featured goodwill messages from Professor Isaac Albert, Professor Alwell Nteegah, the Chairman of Society for Peace Studies and Practice, Rivers State Chapter, Dr. Benjamin Ibietonye.
Dr. Emem Nyewene presented the goodwill message of the Society for Peace Studies and Practice National.
Others who gave goodwill messages are Ambassador Green Isaac, the Country Director, Relief International Africa, and Comrade Levi Zachariah George, Chairman Postgraduate Students Association.
The event also featured rendition for Professor Okechuku Onuchuku by Dr Maria Abidiak.
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