Business
Passengers Decry State Of Bonny Jetty In PH
It is no longer news that
Bonny waterfront jetty in Port Harcourt has been in a very deplorable condition for some years now.
And the truth is that passengers, mostly workers and traders, could no longer hide their feelings as they called on the government to come to their aid.
They said their entry point into the speed boats which used to have a Jetty had since collapsed and the area is now a death trap and a source of great concern to the entire people of Grand Bonny Kingdom and other riverine communities within the area.
A petty trader from Bonny, Mr Alali Don Pedro who barred her feeling to our correspondent at the Jetty yesterday said it is a pity that the people of Bonny Kingdom have been neglected by governments as they failed to provide a Jetty for the sea travelling public.
Mr Don Pedro was of the view that as tax paying and law abiding citizens, they deserved a better Jetty in Port Harcourt from the Rivers State Government, but they are subjected to situations that caused injury as passengers fell and sustain serious injury especially when the tide is low.
“I am appealing to the government to please come to our aid as we are also part and parcel of the state, she lamented.
Another passenger who said he is a regular traveler to Bonny , Lawrence Soprieye Hart, also lamented that Bonny is being neglected and an eyesore that there is no portable jetty for the people of Bonny to use while travelling by boat to the ancient city from Port Harcourt.
“It is no longer a story as it is unbelievable that every blessed day, well dressed citizens of Bonny, fall, stain and injure themselves due to the deplorable condition of the Jetty, and it is a pitty that the Transport commissioner in the state, Hon George Tolofari, is from Bonny and made promises that are yet to be fulfilled”, he hinted.
Hart, reiterated that the major means to travelling to Bonny from Port Harcourt is an eyesore to the common people as prominent persons used government and NLNG Jetties in Port Harcourt adding that the speed boat unions are trying to ensure safety and comfort of their passengers single handedly, and appealed for prompt attention.
In his comment, the Safety Master of Bonny Waterfront of Maritime Workers Union of Nigeria (MWUN), Port Harcourt District, Comrade Kingsley Donatus said the dilapidated Jetty was donated by TSKJ, a company in Bonny in 2002, and it had now collapsed thereby making things difficult for sea route travellers to Bonny. Donatus consoled himself that one of the govenorship aspirants in the state had promised to make the Jetty project a priority but that the union had bought some sand to cement the Jetty to enable passengers board speed boats without much stress.
Collins Barasimeye
Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, signifying a positive balance of N2.22 trillion month-on-month.
Year-on-year, the figure represents a nine per cent increase compared with the N76.13 trillion recorded in June 2025. The latest figures come as the CBN continues to balance efforts to control inflation with the need to support economic growth and expand credit to businesses.
The CBN data shows that credit to Nigeria’s private sector increased by approximately 2.74 per cent month-on-month between May and June 2026. Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion. Other assets, net, dropped to N10.76 trillion from N12.63 trillion.
The credit surge signifies sustained growth in lending to businesses and other private-sector borrowers during the month. The rise in private sector credit was recorded alongside an increase in net domestic credit, despite declines in credit to government and other assets.
Further analysis of the report says that compared with June 2025, private sector credit rose by about N7.13 trillion yea-on-year but net domestic credit increased by approximately N1.87 trillion during the month.
The CBN’s relatively tight monetary policy stance notwithstanding, more banks still loaded funds to the private sector within the period. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 306th meeting on July 20 and 21.
The Committee reviewed recent developments in the global and domestic economies, assessed emerging risks to the outlook and considered their implications for monetary policy and retained all rates.
The Committee decided to retain the Monetary Policy Rate at 26.5 per cent; the Standing Facilities Corridor around the MPR at +50/-450 basis points and retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45.00 per cent, Merchant Banks at 16.00 per cent, and non-TSA public sector deposits at 75.00 per cent.
The MPC decision means that credit extension in the private sector will likely continue to rise because of rising confidence in the sector and calls by stakeholders for banks to invest in the private scetor instead of government securities.
