Editorial
Now That Buhari Is Back…
President Muhammadu Buhari, penultimate Saturday, returned to the country after spending 105 days on medical vacation in the United Kingdom. This is the second time the President would return from the UK after a scheduled medical vacation.
While away, the Vice President, Prof. Yemi Osinbajo took charge of the affairs of the nation in acting capacity. And within the 105 days he steered the ship of the Nigerian state as Acting President, bold improvements were made in many areas.
Specifically, Osinbajo made progress in addressing the 16-point Niger Delta demands, resulting in increased crude oil production and revenue earnings. The foreign exchange market witnessed reasonable stability, with the Naira initially appreciating to as high as N315 before hovering around N345-N360. The Capital Market also regained investors’ confidence as capitalisation rose to as high as N13.166 trillion.
Indeed, businesses showed signs of rebounding with improvement in economic indicators as reforms seem to have provided the much-needed fillip for recovery.
We recall that before the President’s second medical trip to London, the signs were quite ominous as the economy was yet to recover. The Naira had nosedived to a record low against major foreign currencies, hovering between N450 and N500 per Dollar. Capacity utilisation was starkly low. The Capital Market had plunged, with capitalisation stagnating between N6 trillion and N7 trillion. Although the downstream and midstream petroleum sector had been deregulated, it was yet to exert any positive impact on the nation’s economy.
To worsen issues, there was pervading insecurity with various ethnic nationalities making different demands. While the Indigenous Peoples of Biafra (IPOB) was agitating for secession, the militants in the Niger Delta threatened to cripple crude oil production except Buhari acceded to key demands anchored around resource control, significant investments in infrastructure development and greater share in political decision making at the highest level of government in the country.
It was amidst this tension that Osinbajo took charge as the Acting President. And within the short time he held forte for his boss, socio-economic indicators scored him high.
It is against this backdrop that The Tide welcomes back President Buhari and urge him to consolidate on the relative successes recorded on various fronts by Osinbajo.
Instructively, we exhort the President to confront the resurging conflagration of the Boko Haram sect which now threatens already recovered territories and communities in the North-East. We also task him to boldly tackle the threats to national unity, arising from pockets of agitations for secession, restructuring and resource control, as well as security concerns across the country driven by acts of criminality such as Fulani herdsmen and farmers’ clashes, kidnapping, armed robbery and brazen cult-related violence, among others.
The President surely has to address the Niger Delta question if the economy must fully recover and sustainable peace achieved in the region, and indeed, Nigeria. We hope that Buhari’s meeting, last Tuesday, with service chiefs will find lasting solutions to these security challenges.
On the economic front, The Tide urges the President to consolidate on the gains already made by Osinbajo, and pursue vigorously an integrated, progressive and competitive economic growth plan that offers robust opportunities for investors, creates windows for massive youth employment and empowerment, while providing social security valves for senior citizens and the elderly.
And in fact, there is no better way to calm frayed nerves than to ensure that the war against corruption is inclusive, total, and not targeted at a section of the country or opposition elements.
We appreciate the concerns raised by President Buhari in his last Monday’s broadcast to the nation, which focused pointedly on the challenges that had pervaded the nation while he was away.
We particularly note the President’s assurance on the unity of the country, as well as his promise to overhaul the security architecture of the country and rejig the economy.
We, however, insist that there is a need to restructure the country to resolve some imbalances that often lead to several agitations, and even secession, in some parts of the country.
Meanwhile, the Buhari administration must realise that the blame game should give way for good governance. This is the only way to give Nigerians hope that the social contract his government entered into with the electorate was worth the sacrifice.
Editorial
Making Rivers’ Seaports Work

When Rivers State Governor, Sir Siminalayi Fubara, received the Board and Management of the Nigerian Ports Authority (NPA), led by its Chairman, Senator Adeyeye Adedayo Clement, his message was unmistakable: Rivers’ seaports remain underutilised, and Nigeria is poorer for it. The governor’s lament was a sad reminder of how neglect and centralisation continue to choke the nation’s economic arteries.
The governor, in his remarks at Government House, Port Harcourt, expressed concern that the twin seaports — the NPA in Port Harcourt and the Onne Seaport — have not been operating at their full potential. He underscored that seaports are vital engines of national development, pointing out that no prosperous nation thrives without efficient ports and airports. His position aligns with global realities that maritime trade remains the backbone of industrial expansion and international commerce.
Indeed, the case of Rivers State is peculiar. It hosts two major ports strategically located along the Bonny River axis, yet cargo throughput has remained dismally low compared to Lagos. According to NPA’s 2023 statistics, Lagos ports (Apapa and Tin Can Island) handled over 75 per cent of Nigeria’s container traffic, while Onne managed less than 10 per cent. Such a lopsided distribution is neither efficient nor sustainable.
Governor Fubara rightly observed that the full capacity operation of Onne Port would be transformative. The area’s vast land mass and industrial potential make it ideal for ancillary businesses — warehousing, logistics, ship repair, and manufacturing. A revitalised Onne would attract investors, create jobs, and stimulate economic growth, not only in Rivers State but across the Niger Delta.
The multiplier effect cannot be overstated. The port’s expansion would boost clearing and forwarding services, strengthen local transport networks, and revitalise the moribund manufacturing sector. It would also expand opportunities for youth employment — a pressing concern in a state where unemployment reportedly hovers around 32 per cent, according to the National Bureau of Statistics (NBS).
Yet, the challenge lies not in capacity but in policy. For years, Nigeria’s maritime economy has been suffocated by excessive centralisation. Successive governments have prioritised Lagos at the expense of other viable ports, creating a traffic nightmare and logistical bottlenecks that cost importers and exporters billions annually. The governor’s call, therefore, is a plea for fairness and pragmatism.
Making Lagos the exclusive maritime gateway is counter productive. Congestion at Tin Can Island and Apapa has become legendary — ships often wait weeks to berth, while truck queues stretch for kilometres. The result is avoidable demurrage, product delays, and business frustration. A more decentralised port system would spread economic opportunities and reduce the burden on Lagos’ overstretched infrastructure.
Importers continue to face severe difficulties clearing goods in Lagos, with bureaucratic delays and poor road networks compounding their woes. The World Bank’s Doing Business Report estimates that Nigerian ports experience average clearance times of 20 days — compared to just 5 days in neighbouring Ghana. Such inefficiency undermines competitiveness and discourages foreign investment.
Worse still, goods transported from Lagos to other regions are often lost to accidents or criminal attacks along the nation’s perilous highways. Reports from the Federal Road Safety Corps indicate that over 5,000 road crashes involving heavy-duty trucks occurred in 2023, many en route from Lagos. By contrast, activating seaports in Rivers, Warri, and Calabar would shorten cargo routes and save lives.
The economic rationale is clear: making all seaports operational will create jobs, enhance trade efficiency, and boost national revenue. It will also help diversify economic activity away from the overburdened South West, spreading prosperity more evenly across the federation.
Decentralisation is both an economic strategy and an act of national renewal. When Onne, Warri, and Calabar ports operate optimally, hinterland states benefit through increased trade and infrastructure development. The federal purse, too, gains through taxes, duties, and improved productivity.
Tin Can Island, already bursting at the seams, exemplifies the perils of over-centralisation. Ships face berthing delays, containers stack up, and port users lose valuable hours navigating chaos. The result is higher operational costs and lower competitiveness. Allowing states like Rivers to fully harness their maritime assets would reverse this trend.
Compelling all importers to use Lagos ports is an anachronistic policy that stifles innovation and local enterprise. Nigeria cannot achieve its industrial ambitions by chaining its logistics system to one congested city. The path to prosperity lies in empowering every state to develop and utilise its natural advantages — and for Rivers, that means functional seaports.
Fubara’s call should not go unheeded. The Federal Government must embrace decentralisation as a strategic necessity for national growth. Making Rivers’ seaports work is not just about reviving dormant infrastructure; it is about unlocking the full maritime potential of a nation yearning for balance, productivity, and shared prosperity.
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