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Rivers Community, Shell Bicker Over Neglect …Flow Station Shut

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The people of Belema/Offoin-Ama in Kula kingdom in Akuku-Toru Local Government Area of Rivers State, in the early hours of last Friday, took over the Belema Flow Station in protest over what they described as gross neglect and marginalization by the Shell Petroleum Development Company of Nigeria (SPDC).
The protesters, numbering hundreds, overran the facility, and demanded that SPDC close shop and leave the facility without further delay.
According to the protesters, SPDC has been operating the Belema Flow Station for over 37 years without any visible development projects in the host community.
The people regretted that the community has no potable drinking water, good road, health facility, and were marginalized from scholarship and employment opportunities.
But in a reaction, the Shell Petroleum Development Company of Nigeria insisted that its commitment to the welfare of host communities in the Niger Delta remains unshaken, even as it decried the illegal occupation of Belema Flow Station and Gas Plant, last Friday, by some persons.
A statement signed by Shell Spokesperson, Bamidele Odugbesan, and made available to The Tide, indicated that, “SPDC has informed the authorities of the illegal occupation and is working towards resuming safe operations”.
Debunking allegations of neglect of communities in Kula kingdom and Belema in Rivers State, SPDC said it had implemented a Global Memorandum of Understanding (GMoU) in the area that led to a wide variety of social investment projects, including university scholarship awards.
It explained that, the Rivers State Government initiated a mediation process for the resolution of the disagreements in the community, which had resulted in the creation of the Kula Project Implementation and Monitoring Committee (PIMC) in 2012.
According to the statement, “The PIMC served as an interim platform for the delivery of social investment initiatives and programmes worth N263 million in the Soku-San Berth Project. These projects are separate from the GMoU projects initiated by communities using funds provided by the SPDC JV.”
Shell explained that, “A GMoU was eventually signed in 2014 for the Kula Cluster but has not been implemented because of continuing intra-community disagreements. As at 2015, there were a total of 11 court cases involving different groups with SPDC as a co-defendant in all of them.
“Sadly, these legal suits and disputes have rendered it impossible to implement more planned development projects in the affected communities,” the statement quoted SPDC’s General Manager, External Relations, Igo Weli, while commenting on the allegations of neglect.
“Notwithstanding that SPDC has divested its equity in OML 24, which covers most of the communities in Kula and Belema, the SPDC JV has continued to implement agreed Social Investment programmes such as scholarship and entrepreneurship schemes for the communities there”, he added.
It emphasized that despite the challenging environment, the SPDC JV set aside more than N600 million for a five-year period beginning 2014, for development initiatives at Kula and the satellite communities of Belema, Offoin-Ama and Boro.
“SPDC JV has also invested over N352 million in improvement of school infrastructure, sanitation and health outreach programmes, construction of walkway for the community and electricity supply in Kula Kingdom in the past 10 years”, it stressed.
“The host communities of OML 25, including Belema and Offion-Ama have continued to benefit from contract awards, employment of unskilled labour and our social investment programmes, including yearly award of regular and special scholarships to eligible candidates from the area. With the divestment of its interest in OML 24, SPDC relinquished operatorship of the facilities in that field,” the statement stated.
The Tide learnt that SPDC’s social investment activities focus on community and enterprise development, education, health, access-to-energy, road safety and since 2016.
The Tide investigations show that collectively, Nigeria has the second largest concentration of social investment spending in the Shell Group.
Further investigations reveal that the SPDC JV partners have contributed $29billion to the economic growth of Nigeria in the four years between 2012 and 2016.
The Tide can authoritatively report that SPDC JV is currently supporting the various GMoU Cluster Development Boards and mentoring NGOs to deploy a total of N7billion for development projects of host communities’ choice in the Niger Delta under the GMoU programme.

Susan Serekara-Nwikhana

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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