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Task Before Rivers Golden Jubilee Committee

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By virtue of Decree Number 4 of 1967, the Federal Military Government of Yakubu Gowon created a 12-state structure to replace the hitherto existing four regions. The creation of the 12 states was also contained in a national broadcast on 27th May 1967. Out of the 12 States six states were created from the north and another six from the south. Rivers was one of the states created with Port Harcourt as its headquarters. It is worthy of note that Rivers State was part of the defunct Eastern Region of Nigeria.

One thing is clear: the inclusion of Rivers in the 12 state structure did not happen on the platter of gold. Rivers was truly created out of the age-long demand by the founding fathers of the state involved in the Rivers State Movement. In other words, the creation of Rivers was not an act of benevolence.

In fact, writing on State Movement, Ben Naanen (2002) pages 339 to 350 in Ebiegberi Joe Alagoa and Abi Derefa~a in a book entitled: The Land and People of Rivers State: Eastern Niger Delta, explained that the struggle for ethnic hegemony in Nigeria referred to as ethnic nationalism has been linked to the formation of Pan-ethnic unions from the 1920s.

Professor Ben Naanen, concluded thus: “although, these ethnic movements were founded as cultural and welfare associations, they quickly assumed a political character when party politics emerged in Nigeria.

For instance, Northern Peoples Congress (NPC) founded in 1949 transformed to a political party in 1951 while the Egbe Omo Oduduwa established in 1945 constituted the nucleus of the Action Group and so was the case of the National Council of Nigeria and the Cameroon NCNC inaugurated in 1944 while Igbo Union in Lagos was at the same time the major source of support.

It is no exaggeration that this gradual growth of ethnic politics became a source of worry to minority groups including Rivers people and Calabar Ogoja Rivers State Movement.

This may not be unconnected with the springing up of the Ijaw dominated body called Rivers People’s League of 1941 whereas non-Ijaw groups notable among them were the Ogoni, Ekpeye, Ikwere- Etche and Abua groups sprang up within the same period.

It is on record that the first attempt at the creation of Rivers State came to limelight when the Rivers province was created in 1947 made up of Ahoada, Brass, Degema and Ogoni with Port Harcourt as headquarters. However, all this is history now.

Probably what is most important in the modem history of agitation for the creation of Rivers State was the collective effort of the founding fathers represented by the famous Rivers State memorandum.

It is common knowledge that the Rivers State memorandum was presented to the Head of State at the time, Gen. Yakubu Gowon, by the Rivers Leaders of Thought and was signed by S.N Dikibo, Chairman, Mr. E.N. Kobani, representing Ogoni Division, Dr I..J.M. Fiberesima representing Degema Division, R.P.G Okara Brass Division, Mr. G.B.C Otoka (Opobo Division) and N. Nwonodi for Ahoada and Port Harcourt Divisions.

Besides these signatories, other prominent names associated with the creation of the state were Chief D. Davies Manuel, Chief Harold Dappa Biriye, E.J A Oriji, W.O.Briggs who later defected to Calabar Ogoja and Rivers Movement and much later Captain Elechi Amadi joined before assisting the Nigerian Army to liberate Port Harcourt during the civil war.

It is also on record that on hearing of the new but strong romance between Rivers leaders of thought and the Head of State, the Governor of the defunct Eastern Region, Chukwu Emeka Odumegu Ojukwu, invited another set of leaders of the state movement on September 2, 1966 asking them to give up creation of Rivers and instead promised a province of Port Harcourt and urged them to support Biafra project.

It is for this reason many hold the view that among other factors, Rivers was created to polarize the struggle for Biafra and gained support of the old Rivers people. Be that as it may, Rivers has been created and will be 50 years on 27th May 2017.

Governor Nyesom Wike has set up the Rivers State Golden Jubilee Committee comprising about one hundred and fifty-one members while a renowned quantity surveyor and builder, Chief Ferdinard Alabraba, and legal luminary, O.C.J. Okocha are to serve as chairman and alternate chairman respectively.

The members who cut across all spheres of human endeavor, comprise distinguished Nigerians from within and outside the state who do business in the state.

Governor Wike, during the inauguration, stated categorically that the terms of reference include among other things to organise a month-long memorable celebration to mark the Golden Jubilee of the creation of Rivers State, to identify, seek support, collaborate with corporate organizations and individuals for a successful celebration and to determine categories of awards and also recommend persons from within and outside the state to be honored. This, no doubt, is a sensitive task that requires not only funds but wisdom and inclusiveness. raIl stakeholders, to achieve set objectives.

To this end, the task before the committee would be to identify and re-enact the first love of the founding fathers of the state which was to create and promote favourable identity of the Rivers man. To achieve this target, the committee must make conscious effort to present an accurate and updated information on the state. Such information should entail demographic details, occupation and culture of the people.

The quest to meet the manpower need of the state informed manpower development through technical and science education and further led to the establishment of the Rivers State College of Science and Technology which transformed to the premier university of science and technology in the country, the Rivers State University of Science and Technology. Better still, technical colleges and craft centres were accorded priority attention but this does not seem to be the case now.

It is worthy of note that strategic media outfits were put in place to engender favourable identity and they include the Rivers State Newspaper Corporation, publisher of The Tide Newspaper, Rivers State Broadcasting Corporation comprising Radio Rivers and RSTV.

Interestingly, the government of Commander Alfred Diete Spiff embraced the Rivers Readers Project under the leadership of late Professor Kay Williamson, Professor Emeritus E.J.Alagoa and Professor Erneritus Otonti Nduka to promote writing, teaching and learning in Rivers indigenous languages. The Committee should see the need to mark the celebration with launch of primers in indigenous Rivers languages as there cannot be culture without language.

At this juncture, it may be pertinent to ask the questions what is the state of key state institutions such as Rivers State Museum, Council for Arts and Culture, Library, indigenous crafts and trade centres, public laboratory that can evoke a sense of history?

This is where Governor Nyesom Wike must be commended for conceptualising the Rivers State Golden Jubilee Committee which, no doubt, for once would move the people of the state from party politics to a point of sober reflection and our common humanity and to enable Rivers people focus on the big picture.

As the state plans to organise a golden jubilee celebration in 2017, emphasis should not be on the mere celebration of it with a giant cake but the resolve by the founding fathers to accomplish their dreams and aspirations despite daunting challenges.

The Committee must ensure that parts of the state ceded to other states if any because of petrol politics are recommended to be brought back while the founding fathers, who have not been immortalized be named after road, streets, strategic buildings across the state. It is hoped that such a celebration will not be concentrated in Port Harcourt city alone, but all the 23 local government areas will host components while the grand finale takes place in the state capital.

The Rivers State Golden Jubilee Committee must bring to the front burner how to revive the culture of the Rivers man towards truth, justice, love, forgiveness, hard work against bloodletting and killings so prevalent in our society today.

In other words, preservation of cultural heritage should not be limited to physical properties such as piece of cloth, historical site and art alone.

The committee must know that to whom much is given much is expected.

Sika is Port Harcourt-based journalist and public affairs analyst.

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A Renewing Optimism For Naira

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Quote:”……in 2024 alone, Nigeria imported N14.14 trillion worth of goods from China, compared to China’s N3 trillion imports from Nigeria.”
Nigeria’s national currency, the Naira, is creating a new buzz as it sets on rising trends following years of astronomical slides in the recent past. Just within a few months ago, naira’s trajectory charted almost a straight course, strengthening from N1,636.71/$ on April 10, 2025, to N1,465.68/$ on October 2, 2025. But financial analysts appear divided over the future fate of the local legal tender.While analysts like the Forbes and Renaissance Capital Africa (RENCAP) deride naira’s current trends as being unsustainable, Bloomberg sees a sunnier side. However, evolving economic landscapes strongly suggest that the naira might be charting a sustainable path of resilience. For more than four decades, the naira had never experienced favourable Foreign Exchange (FX) tussles.
Suffering under skewed supply and demand tensions against foreign currencies, the value of the naira had procedurally depreciated. It got worse when, at the height of subsidized petroleum products import-dependence, subsidies got suddenly withdrawn in May 2023 as the present government took over office. Barring local production of the products, coupled with poor export earnings, demands for scarce foreign currencies surged at all FX windows as product importers competed to make overseas payments. The result was cataclysmic. The naira depreciated rapidly against the dollar, falling from N460.7/$ in May 2023 to N1,706/$ in 2024. Hardships propagated across the entire Nigerian economy in ripples of hyper-inflation as is still being felt. The initial response from the Central Bank of Nigeria (CBN) was knee-jerk and unsustainable, as the regulator kept throwing its store of foreign reserve into FX markets to quench the ensuing inferno.
 Though the naira showed buoyancy at the expense of depleting reserves, the CBN was criticized against the hopelessness and unsustainability of such artificial floats. Thankfully for the local currency, after months of fire-fighting, the CBN, aided by other lucky developments, may have stumbled unto some formulae to weather the storms. Emerging econometrics now suggest that the economy may be in recovery, and the naira appears to be charting a more optimistic course, even as the apex bank still prods it. The lower oil production data of around one million barrels per day as at May 2023, has improved to around 1.51 million barrels per day at the moment. Surely, the fight against oil thefts is rewarding the economy with surpluses unencumbered by Nigeria’s debt-mortgaged oil futures.bSecondly, a changed petroleum products sourcing landscape, berthed by new-found local refining capacity at Dangote Refinery, if not strengthening the naira, must be tipping the balance of FX pressures in its favour.
While asserting its ability to fully satisfy local demands, the Dangote Refinery also hit a remarkable milestone when it shipped its first cargo of gasoline to the United States of America last month, drawing-in huge FX. Earlier, the refiners had shipped to Asia and West Africa, in a significant shift that has transited Nigeria from being a net-importer of petroleum product, to a net-exporter. Also, improvements in the non-oil exports are increasing the inflow of foreign currencies to Nigeria. Nigerian cocoa and other agro-products especially, got higher demands as crop diseases resulted in poor crop yields in neighboring West African countries. It should be noteworthy that CBN’s experiments with Naira-Yuan trade swaps with China may not have been of much favour. Though on-going trade swap arrangements between Nigerian and China which enable some settlement in naira and yuan, may ease dollar pressures, the huge trade imbalance between Nigeria and China may replace any gains with new yuan pressures.
 According to the National Bureau of Statistics, in 2024 alone, Nigeria imported N14.14 trillion worth of goods from China, compared to China’s N3 trillion imports from Nigeria.
However, the CBN could be given credits for its bold reforms at the Foreign Exchange market that created a single Nigerian Foreign Exchange Market (NFEM) in October 2023, which replaced the former Investors’ and Exporters’ window, and later adopting the Electronic Foreign Exchange Matching System (EFEMS) in December 2024. These steps successfully narrowed the gap between official FX rates and the black market. Even as the measures may not directly detect the balance of currency demands and supplies, improved transparency and liquidity raised confidence that is boosting foreign remittances via official channels. Added to improved exports, it is evident that the extra liquidity gives spontaneous buoyancy to the naira, in ways CBN’s panicked throwing-in of dollar into FX markets could not have.
This is why, when the CBN Governor, Olayemi Cardoso, announced during the 302nd monetary policy committee meeting that, “The second quarter 2025 current account balance recorded a significant surplus of $5.28 billion compared with $2.85 billion in first quarter of 2025,” there is need for him to identify significant drivers. The CBN deserves commendation also, for incrementally growing Nigeria’s Foreign Reserve savings from $34.39 billion as at May, 2023 to $42.40 as at October 2, 2025. The strength of a nation’s reserves reflects its ability to meet international payment obligations without straining the stability of its legal tender, and also serves as part of risk assessment criteria that determines its borrowing costs. Increasing reserves is projecting greater external resilience for Nigeria, which reflects in Moody’s upgrading, this year, of Nigeria’s rating from ‘Caa1’ to ‘B3.’
With renewed investor confidence, foreign investments may be heading towards Nigeria as ripples from the Nigerian Stock Exchange (NGX) suggest. Following recent interest rate cuts in the US, foreign investors appear to be shifting appetites towards Nigerian portfolios. Improved reserve is also helping Nigeria at the Eurobond market, where the yield rates Nigeria pays on its loans, have fallen from above 8 percent in early 2024 to just over 5 percent by mid-2025. However, even as the N1,706/$ exchange rate of last year, compared to the current N1,465.68/$, may seem cheery, it is still a far cry from the N460.7/$ of May 2023, when this administration took over. Government and the CBN need to push further to shore-up greater reserves, and to build local and international assurances that attract job-creating investments for local production. Comparatively among its pairs, South Africa’s reserve is $70.42 billion, Algeria’s, $64.574 billion and Egypt’s, $49.04 billion.
Nigeria, which is being projected for a $1 trillion economy by 2050, should be focusing on $100 billion external reserves. Apart from reserves, Dangote local refining shows that local production is pivotal to the value of local currencies. Nigeria needs to improve security and infrastructure to reassure subsisting industries, and improve ease of doing business, in order to attract industries. Though Naira’s path of recovery this time is sustainable, the factors that aid it need to be sustained.
By: Joseph Nwankwor
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Opinion

Don’t Kill Tam David-West

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Quote:”To erase Tam David-West Boulevard is to tell a dangerous lie about who we are. It is to pretend that we no longer remember honour, that we no longer care about the rare men who made Rivers State proud.”
There are names that do not fade with time — they endure like echoes in the hills of memory, like rivers that never dry. Tamunoemi Sokari David-West is one such name. To attempt to erase it from the map of Rivers State is to wound the spirit of remembrance itself. The deliberate removal of the steel signs that once declared Tam David-West Boulevard is no mere act of neglect — it is a betrayal of history, an unspoken attempt to silence a voice that still teaches us what integrity means. For Tam David-West was not just a man; he was a moral compass in flesh and bone. His life was a lantern held high in a country struggling to see itself clearly. From the quiet sanctums of the University of Ibadan to the volatile chambers of power in Lagos and Abuja, he walked unbent — the scholar who would not sell truth, the minister who would not mortgage his soul. To erase his name from a road in the land of his birth is to declare that virtue is no longer welcome here.
That road — the grand link between NTA road and the Port Harcourt International Airport — was named after him for a reason. It symbolized movement, progress, and passage. Tam David-West was himself a bridge: between science and service, intellect and honesty, courage and humility. To strike out that name is to tear down the bridge between our noble past and the moral future we still hope to build. When Nigeria’s oil wealth became the golden snare that trapped men’s conscience, Tam David-West stood apart. As Minister of Petroleum, he refused the seductive gifts of oil magnates; he declined privileges that came wrapped in corruption. He wore simplicity like a medal, and truth like a robe. In an age of thieves, he remained a teacher. In a field of compromises, he remained whole. Shall we now bury that lesson beneath the dust of forgetfulness? A city tells its story through its street names.
 Names are not just labels — they are memory made visible, value made public. To erase Tam David-West Boulevard is to tell a dangerous lie about who we are. It is to pretend that we no longer remember honour, that we no longer care about the rare men who made Rivers State proud. History does not forgive such silences. This quiet removal of his name is not accidental. It is the work of small minds afraid of great examples. It is an unholy attempt to kill memory because it still condemns mediocrity. But let them know — Tam David-West cannot be erased. His truth was not written on road signs alone; it is engraved on the conscience of all who ever believed that public service could be clean.He was a son of Buguma, a prince of the Kalabari Kingdom, yet he carried his royalty lightly. His true crown was knowledge; his true sceptre was conviction. As a virologist, he studied the world of unseen forces; as a statesman, he confronted the visible viruses of greed and hypocrisy.
 Even when power imprisoned him, it could not diminish him. He emerged, as always, with his dignity intact.This fight is not for a signboard. It is for remembrance — for the preservation of a moral landmark. When a people begin to uproot the monuments of their best men, they invite darkness upon their future. When we forget Tam David-West, we lose not only a name but a mirror: the reflection of what Rivers people once were — strong, principled, unbending in truth. Once upon a time, Rivers State was the cradle of conscience — the home of Okilo, Obi Wali, Ken Saro-Wiwa, Diete-Spiff, and Tam David-West. They were the pillars of our collective dignity. To erase one is to weaken the others. We cannot afford to become a generation that builds roads but destroys remembrance. A city that forgets its heroes soon forgets itself. Today, the boulevard stands in silence.
The proud steel markers have been hewn down, yet a few businesses still bear his name — small flames of resistance in the wind of revision. Their signboards still whisper, Tam David-West Boulevard, as if the very ground remembers the truth the government forgets. Perhaps the asphalt itself mourns, but it also remembers. We owe it to our children to lift his name again — not only in metal and paint, but in civic memory. Let those signs rise taller, brighter, unashamed. Let them tell every traveller on that road that once there lived a Rivers man who served with clean hands, who spoke truth to power, who never bowed to corruption. That, indeed, is the Rivers spirit — fearless, dignified, incorruptible.“Don’t kill Tam David-West!” is not only a plea; it is a command from the heart of history. It is a cry against forgetfulness. It is a reminder that integrity is the greatest heritage any people can keep.
When we defend his name, we defend our own possibility of goodness. When we erase him, we erase a piece of our own honour. So let the signs return. Let the name Tam David-West Boulevard shine once more at NTA Road and Omagwa Roundabout. Let Rivers State rise above pettiness and reclaim its conscience. For names like Tam David-West do not die — they only wait for courage to call them back. To kill Tam David-West is to kill the Rivers soul. And that, we must never do.Amieyeofori Ibim is a seasoned Journalist, political analyst and public affairs commentator.
By:  Amieyeofori Ibim
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Opinion

Fuel Subsidy Removal and the Economic Implications for Nigerians

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From all indications, Nigeria possesses enough human and material resources to become a true economic powerhouse in Africa. According to the National Population Commission (NPC, 2023), the country’s population has grown steadily within the last decade, presently standing at about 220 million people—mostly young, vibrant, and innovative. Nigeria also remains the sixth-largest oil producer in the world, with enormous reserves of gas, fertile agricultural land, and human capital.

 

Yet, despite this enormous potential, the country continues to grapple with underdevelopment, poverty, unemployment, and insecurity. Recent data from the National Bureau of Statistics (NBS, 2023) show that about 129 million Nigerians currently live below the poverty line. Most families can no longer afford basic necessities, even as the government continues to project a rosy economic picture.

The Subsidy Question

The removal of fuel subsidy in 2023 by President Bola Ahmed Tinubu has been one of the most controversial policy decisions in Nigeria’s recent history. According to the president, subsidy removal was designed to reduce fiscal burden, unify the foreign exchange rate, attract investment, curb inflation, and discourage excessive government borrowing.

While these objectives are theoretically sound, the reality for ordinary Nigerians has been severe hardship. Fuel prices more than tripled, transportation costs surged, and food inflation—already high—rose above 30% (NBS, 2023). The World Bank (2023) estimates that an additional 7.1 million Nigerians were pushed into poverty after subsidy removal.

A Critical Economic View

As an economist, I argue that the problem was not subsidy removal itself—which was inevitable—but the timing, sequencing, and structural gaps in Nigeria’s implementation.

  1. Structural Miscalculation

Nigeria’s four state-owned refineries remain nonfunctional. By removing subsidies without local refining capacity, the government exposed the economy to import-price pass-through effects—where global oil price shocks translate directly into domestic inflation. This was not just a timing issue but a fundamental policy miscalculation.

  1. Neglect of Social Safety Nets

Countries like Indonesia (2005) and Ghana (2005) removed subsidies successfully only after introducing cash transfers, transport vouchers, and food subsidies for the poor (World Bank, 2005). Nigeria, however, implemented removal abruptly, shifting the fiscal burden directly onto households without protection.

  1. Failure to Secure Food and Energy Alternatives

Fuel subsidy removal amplified existing weaknesses in agriculture and energy. Instead of sequencing reforms, government left Nigerians without refinery capacity, renewable energy alternatives, or mechanized agricultural productivity—all of which could have cushioned the shock.

Political and Public Concerns

Prominent leaders have echoed these concerns. Mr. Peter Obi, the Labour Party’s 2023 presidential candidate, described the subsidy removal as “good but wrongly timed.” Atiku Abubakar of the People’s Democratic Party also faulted the government’s hasty approach. Human rights activists like Obodoekwe Stive stressed that refineries should have been made functional first, to reduce the suffering of citizens.

This is not just political rhetoric—it reflects a widespread economic reality. When inflation climbs above 30%, when purchasing power collapses, and when households cannot meet basic needs, the promise of reform becomes overshadowed by social pain.

Broader Implications

The consequences of this policy are multidimensional:

  • Inflationary Pressures – Food inflation above 30% has made nutrition unaffordable for many households.
  • Rising Poverty – 7.1 million Nigerians have been newly pushed into poverty (World Bank, 2023).
  • Middle-Class Erosion – Rising transport, rent, and healthcare costs are squeezing household incomes.
  • Debt Concerns – Despite promises, government borrowing has continued, raising sustainability questions.
  • Public Distrust – When government promises savings but citizens feel only pain, trust in leadership erodes.

In effect, subsidy removal without structural readiness has widened inequality and eroded social stability.

Missed Opportunities

Nigeria’s leaders had the chance to approach subsidy removal differently:

  • Refinery Rehabilitation – Ensuring local refining to reduce exposure to global oil price shocks.
  • Renewable Energy Investment – Diversifying energy through solar, hydro, and wind to reduce reliance on imported petroleum.
  • Agricultural Productivity – Mechanization, irrigation, and smallholder financing could have boosted food supply and stabilized prices.
  • Social Safety Nets – Conditional cash transfers, food vouchers, and transport subsidies could have protected the most vulnerable.

Instead, reform came abruptly, leaving citizens to absorb all the pain while waiting for theoretical long-term benefits.

Conclusion: Reform With a Human Face

Fuel subsidy removal was inevitable, but Nigeria’s approach has worsened hardship for millions. True reform must go beyond fiscal savings to protect citizens.

Economic policy is not judged only by its efficiency but by its humanity. A well-sequenced reform could have balanced fiscal responsibility with equity, ensuring that ordinary Nigerians were not crushed under the weight of sudden change.

Nigeria has the resources, population, and resilience to lead Africa’s economy. But leadership requires foresight. It requires policies that are inclusive, humane, and strategically sequenced.

Reform without equity is displacement of poverty, not development. If Nigeria truly seeks progress, its policies must wear a human face.

References

  • National Bureau of Statistics (NBS). (2023). Poverty and Inequality Report. Abuja.
  • National Population Commission (NPC). (2023). Population Estimates. Abuja.
  • World Bank. (2023). Nigeria Development Update. Washington, DC.
  • World Bank. (2005). Fuel Subsidy Reforms: Lessons from Indonesia and Ghana. Washington, DC.
  • OPEC. (2023). Annual Statistical Bulletin. Vienna.

 

By: Amarachi Amaugo

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