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Of Insecurity And Economic Dev In Etche

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Etche Local Government
Area of Rivers State is regarded as the food basket of the state.
This elevated status accorded the area is mainly due to its rich agricultural potentials-large expanse of fertile land suitable  for the cultivation of various crops, energetic farmers, big markets, attracting traders from all parts of the state and neighbouring states, atmosphere of peace and love from the people known to be one of the most hospitable in the oil-rice Rivers State.
In a bid to enhance these enviable potentials, various administrations in the state sited agric projects in Etche land. The School-to-Land project, Risonpalm plantations, Delta Rubber Company and not excluding the avowed interest of the present administration led by Governor Rotimi Amaechi in developing farms across many clans in the area in partnership with an Israeli agro-allied company, are few examples.
Unfortunately however, insecurity in the area is dangerously upturning these socio-economic fortunes of the people as armed youths allegedly empowered by politicians  are robbing and attacking innocent farmers, traders and investors.
Only recently, armed youths struck at Eketa market located at Igbodo, the traditional headquarters of Etche land. They scared away innocent traders and disposed some of their money, valuables and injured so many.
An Aba-based trader who is a regular articles seller in the market was disposed of his N480,000.00 with his wares also stolen.
An eye witness told The Tide correspondent that a lot of people lost their money and goods when the gun-totting youths struck.
“I have been patronizing the market for more than 25 years and I have never seen a thing like that, a trader who identified himself as Egeonu Mathew narrated adding  that his colleague did not only lose all his sales for the day but had a broken head while running to save his life.
“So many people were also seriously injured by the heartless armed youths who took over the market for over 45 minutes,” he stated.
At Mba Market, over eighteen (18) armed youths also besieged the market in the similar manner as that of Eketa. The Tide gathered that poor traders were scared off when the robbers struck.
“It had never happened before. They came on motorcycles and shot severally into the air and as people ran for safety, they stole most of their goods and those they caught, were disposed of all the money on them,” said a trader who was  her self a victim of the dangerous drama.
The fish-seller who identified herself as Charity Nwankwoala said, “the robbers stole some motorcycles belonging to traders and many people were wounded while many lost their money to the gang of young robbers.
Apart from operating in markets, the robbers who many see as political thugs also ambush traders on their way to the local markets. Many a times the traders have been robbed of the money with which to buy their stocks.
One of the victims, Mary Akpan told The Tide that they were robbed on a Monday morning, on their way to Obite market.
“The robbers numbering about twelve (12)  intercepted our vehicles at Egwi/Nihi junction and robbed all of us in the vehicle. We were confused whether to proceed to the market or get back to Port Harcourt because we had no money to buy things. It was when we phoned some of our customers who promised to sell to us on credit (deferred payment) that we decided to proceed”, Akpan narrated.
“This is not my first experience. The operations of the robbers had forced some of our colleagues to stop coming to Etche markets for the fear of either losing their lives or valuebles to the heartless robbers”, she continued alleging that there was attempt to rape some of the ladies in one of such raids.
Investigations carried out by The Tide showed that vigilante groups providing security to some communities in Etche land have devised means of checking operations of the robbers.
The vigilante groups now escort vehicles carrying the traders to their various communities to ward off the incursions of the armed robbers.
A youngman who is one of the vigilante members confirmed the development. “We arrive early at Egwi Etche and wait for the traders and accompany them to our market every market days, said the man.
On regular basis, traders travelling to Aba in Abia State from Etche are robbed either on their way going or returning.
A transporter who plies Ulakwo/Odogwa/ Owasa road narrated his ordeals to The Tide. The driver who gave his name as Chimuanya Amakalam said, “on more than three occasions, I had been robbed with my passengers who are mainly provision store dealers. Each time the robbers subjected us to serious beating and disposed us of every thing on us.”
The driver said, “the road which is one of the easiest routes to Aba has become a traveler’s nightmare. Good number of the drivers who ply the route have since changed route, he said.
Another respondent, Chief Ebere Njoku, said he has decided to close his provision store business because, “it is either you are robbed on your way to the market or the robbers come to your store mainly in the day time to remove your money and take whatever things they wish to, from your store. So, when I discovered that I was no longer in any reasonable business, I closed down and relocated to Oyigbo where I am at present”.
The Okehi/Eberi Road which had separated the people of Etche local government from Omuma local Government was celebrated when some years ago, the government constructed the road and built a link bridge joining the two local government areas. However, the road later turned to be a death trap to those plying it because robbers operate on the route daily.
The situation became so worrisome that Etche ethnic Practising Journalists Association met with the Caretaker Committee Chairman of Omuma Local Government Area, Chief Emeka Nwogu and complained of the ugly experiences of people plying the route. The council boss who confirmed the situation disclosed that he was discussing with his counterparts in Etche Local Government Area on the possibility of establishing a police post at the bridge for better security on the road. So far, the police post is yet to be established.
The fear of deadly armed youths who daily kill and maim innocent indigenes of the area has become everybody’s concern. Farmers, fishermen, traders and innocent travelers have one ugly story or the other to tell about Etche land today. Some women had been reported raped at various parts of Etche by these robbers.
The police and other security agents in the area, are working hard and doing their best to provide better security but the situation remains dangerous for socio-economic life of the people.
Investigation revealed that a good number of Etche sons and daughters avoided going home during the past Christmas and New Year celebrations because of the insecurity in the area.
Even Okada ridders in the area operate with fear because the robbers daily snatch their motorbikes from them including their money.
Certainly, the situation would affect negatively the availability of adequate food supply more as the fear in the land would also affect farming operations which has just started, unless some serious security steps are taken to check the excesses of the armed youths.
Unconfirmed report indicates that some of the robbers come in from the neighbouring local government areas and even states to operate freely  in Etche land.
There is need for the chiefs and Traditional rulers in Etche to step up collaboration with security agents in the areas to contain the problem, since majority of these youths themselves are from Etche communities.
The churches, women groups and opinion leaders in Etche also have serous roles to play in any serious effort to return the area to its past state as one of the most peaceful local government areas and the food basket of Rivers State.

 

Chris Oluoh

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Association Seeks Intervention to Save Domestic Airlines

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The Vice Chairman of the Airline Operators of Nigeria (AON) and Chairman of Air Peace, Mr. Allen Onyema, has called on the Federal Government to urgently intervene in the nation’s aviation industry, warning that several domestic airlines may cease operations if the current challenges confronting the sector are not addressed.
Onyema gave the warning  at the public presentation of the book, Pathways, Pilgrimage and Destiny: The Biography of Alhaji Muneer Bankole, held in Lagos and was obtained in Port Harcourt, at the weekend.
He described the aviation industry as being highly capital-intensive with relatively low financial returns, stressing that domestic airline operators are grappling with severe economic pressures that threaten their continued existence.
According to him, the industry has reached a critical stage and requires immediate government intervention to avert the collapse of many indigenous carriers.
Onyema warned that unless decisive measures are taken within the next 30 days, several Nigerian airlines could be forced to shut down their operations due to the harsh operating environment.
He also cautioned aviation labour unions against any planned picketing of airlines over the alleged non-remittance of the five per cent Ticket Sales Charge, saying such action could disrupt flight operations across the country.
The Air Peace Chairman maintained that if any airline was singled out for industrial action, other domestic operators would stand in solidarity, arguing that labour unions should not be used as instruments for resolving debt-related disputes between airlines and government agencies.
He lamented that more than 50 Nigerian airlines had folded over the years despite the success of many of their promoters in other sectors of the economy, attributing the trend to the difficult business environment in the aviation industry.
While reaffirming the commitment of airline operators to support government revenue generation, Onyema stressed that policies capable of crippling airline operations should be reviewed in the interest of the sector.
He noted that a thriving aviation industry remains critical to national economic growth, employment generation and improved connectivity across the country.
The AON Vice Chairman urged the Federal Government to engage relevant stakeholders and adopt sustainable measures that would strengthen the operational capacity and financial stability of indigenous airlines.
He expressed optimism that with timely policy support and constructive engagement between government and industry stakeholders, the nation’s aviation sector would overcome its current challenges and continue to contribute meaningfully to Nigeria’s socio-economic development.
King Onunwor
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CBN Reforms Impact  Consumers As  Dollar Card Spending Limits Rise

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The Central Bank of Nigeria’s (CBN) foreign exchange reforms are beginning to deliver tangible benefits to consumers, as banks expand international spending limits on naira cards amid improved liquidity in the foreign exchange market.
The new limit represents a sharp increase from the $6,000 quarterly cap introduced in November 2025 and is 20-times higher than the $1,000 quarterly limit announced in July 2025.
The move comes as analysts point to a more liquid foreign exchange market following reforms introduced by the CBN over the past three years.
“This reflects the improved liquidity in the foreign exchange market. It also shows the focus of banks in maximising income from card payments,” said Ayokunle Olubunmi, head of Financial Institutions Ratings at Agusto & Co.
Muda Yusuf, chief executive officer of the Centre for the Promotion of Private Enterprise (CPPE), said the increase in card spending limits reflects the significant improvement in liquidity and confidence in Nigeria’s foreign exchange market.
“It’s an indication that the liquidity in the foreign exchange market has improved significantly and we can see that from the stability of the exchange rate. We can also see that reflected in our foreign reserves. All of these things reflect the level of confidence,” Yusuf said.
According to him, businesses and individuals are no longer under pressure to obtain foreign exchange for legitimate transactions, unlike in the past when access to dollars was constrained.
“It also means that citizens and those who use foreign exchange are no longer desperate about foreign exchange usage. Whether you want to use it through your card or access it for international trade, there is no anxiety, there is no pressure and there is no desperation.
All of these things have arisen because the level of confidence in the foreign exchange market and the outlook for the market have been very reassuring,” he said.
Yusuf added that the adjustment of international spending limits by banks demonstrates growing confidence in the sustainability of the foreign exchange market reforms.
“That is why we are seeing all these positive developments around the use of the naira card abroad and the limits that are now being adjusted by banks. It is a very good development and I hope we can sustain it. I am confident we will.”
The increase follows a series of policy changes by the apex bank aimed at deepening the foreign exchange market and improving access to foreign currency for legitimate transactions.
Under the CBN’s Foreign Exchange Manual, Fourth Edition, the maximum tuition fee remittance for Nigerian students pursuing undergraduate and postgraduate studies abroad was raised to $25,000 per semester, from the previous $15,000.

“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.

The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.

Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.

According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.

The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.

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WEC: FG Inaugurates Governing Board  … As Nigeria Rejoins Council 

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Nigeria has rejoined the World Energy Council (WEC) with the inauguration of a National Member Committee and Governing Board to strengthen the country’s participation in global energy policy and investment discussions.

The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.

The Governing Board is chaired by the Chairman of Waltersmith Petroman Oil Ltd., Abdulrazaq Isa, while a former Chief Upstream Investment Officer of NNPC Ltd., Bala Wunti, will serve as the inaugural Chief Executive Officer.
Other members of the board are Prof. Wumi Iledare, Dr Mustapha Abdullahi, Mrs Aisha Farida Katagum, Dr Ainojie Irune, Dr Emmanuel Okon, Dr Victor Ekpenyong and Dr Imamuddeen Talba.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, who disclosed this in a statement, last Thursday, said the board comprises of experts in energy policy, regulation, investment, operations, research, technology and enterprise development.
Welcoming Nigeria into the council, Wilkinson said the country’s membership would strengthen its contribution to global energy discourse.
Wilkinson noted that “Nigeria has a significant leadership role to play within the global energy community.
“Nigeria has a significant leadership role, and the Member Committee will help bring that expertise and voice onto the world stage at the Riyadh World Energy Congress in April 2027 and beyond.

“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.

“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.

“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.

Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.

The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.

He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.

The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.

“This system will be capable of driving economic growth and shared prosperity.”

According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.

Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.

Nigeria has been a member of the council with the Nigerian National Committee originally approved and established on April 6, 1960 before its re-establishment and expansion this year.
The renewed membership would provide an independent, technology-neutral platform bringing together government, industry, academia, finance and civil society to address Nigeria’s energy security, energy equity and environmental sustainability.
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