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Int’l Market: Ebonyi Assures Traders Of Shop Ownership

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The Ebonyi State Government has assured traders and other citizens who procured shops at the Margaret Umahi International Market, Abakaliki of permanent ownership of the shops.
Tide’s source reports that the multi-billion Naira market complex situated on the Trans-Saharan Enugu-Abakaliki-Cross River-Cameroon highway was constructed by the preceding administration but was not completed before leaving office.
The incumbent administration of Govoner David Umahi, condemned the standard of work at the complex and embarked on the renovation of some structures while reconstructing others.
Dr Kenneth Ugbala, Chairman of the State Executive Council (EXCO) Committee on the market, told newsmen during the allotting of shops that renovation and reconstruction had attained 80 per cent completion.
Ugbala, who is the Senior Special Assistant (SSA) on Internal Security to the governor, noted that the allotment had to commence to implement the government’s decision to relocate traders in major markets in Abakaliki to the place by October 1, 2018.
“We therefore, commend potential shop owners at the market for obeying the government’s directive to purchase the shops.
“They are assured that the shops will be allotted to them permanently on purchase as they have the luxury of making 50 per cent payment to complete the balance in two years.
“Payment will be on the ratio of 30: 20; they can first pay 30 per cent and 20 per cent later, all within the stipulated two years,” he said.
The committee chairman said that on making the 50 per cent payment, the allottees would be issued a temporary allocation paper and given the permanent one with the Certificate of Ownership (C of O) after the full payment.
“Allottees who complete their payment at once will be issued their permanent allocation papers and C of O as we are doing this to push the people towards their blessing,” he said.
He noted that the state EXCO liaised with the various market authorities and arrived at prices it felt were affordable in spite of complaints of high cost.
“Shops downstairs cost N3.2 million and upstairs, N3 million, shops at the bungalows: N2.5m, while single smaller shops cost N1.3 million.
“Traders at major markets in the town should hasten purchasing the shops because no allotment will be reserved for late allottees no matter their status in the society.
“Ebonyi citizens in particular, are advised to heed to the directive to prevent outsiders from procuring the shops because politicians and civil servants among others can procure shops to supplement their earnings.
“Facilities such as asphalted-roads, banks, standard toilets, fire-fighting services, police station, clinics, schools, including those for kindergartens and close-circuit cameras among others are provided inside the market,” he said.
Mr Peter Nwaogbaga, the governor’s Special Assistant on market development, noted that the debris found within the complex were from the old structures at the market.
“It will not take us one week to evacuate the debris and we have fully constructed and channelled drains around the market to prevent flooding,” he said.
Chief Daniel Okorie, a businessman, said that he had purchased five shops at the market: three shops for N3.2 million and two shops for N2.5 million.
“I made 50 per cent payment for them and will certainly purchase more because I am satisfied with what I saw inside the market.
Mrs Virginian Nwofe, a vegetable trader at the Abakpa main market, however, expressed doubt that traders could afford the exorbitant cost of the shops.

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Boat Mishap Kills Pastor, Wife And Church Members  In Brass Water

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A boat accident in Bayelsa state has killed a serving Pastor, Wife and other church members along Brass waterways
The sad incident happened at Odioama in Brass local government area of Bayelsa State when the Pastor, wife and  members of his church were in a programme.
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?Tide confirmed that the lifeless body of the Pastor’s wife has been found and deposited in a mortuary while the remains of her husband ,the Pastor is yet  to be recovered
as search party are still ongoing.
Although the real cause of the boat Mishap is not yet known as at the time of this report,  our Correspondent gathered  that the identities of the Pastor, wife and church members were not disclosed to the public.
The mishap, Tide gathered occurred on Friday morning when the church members were on a boat transit
The Bayelsa State government and the state police command are yet to issue official statement’s  on the sad accident
By: CHINEDU WOSU
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Rivers Workers Seek Scrapping Of Contributory Pension Scheme

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The Rivers State Council of  Nigeria Civil Service Union has called on the State Government to urgently scrap the contributory pension scheme, describing it as unfavourable to long-serving civil servants in the state.
Chairman of the union, Chukwuka Osuma, said this in an interview with newsmen in Port Harcourt,  recently.
Osuma said the current pension structure has continued to worsen post-retirement hardship for workers.
He noted that  the contributory pension scheme had failed to provide adequate retirement security for workers who had spent many years in service, especially those approaching retirement age.
According to him, civil servants who had served for more than 20 years were among the worst affected under the scheme, insisting that many retirees could no longer cope with prevailing economic realities.
He also  informed that the Union has made moves to showcase their concerns, pleading with Governor Siminalayi Fubara to abolish the pension policy and introduce a more favourable arrangement for affected workers.
“The union was not opposed to pension reforms, the contributory scheme should only apply to newly employed workers or those with fewer years in service”, he said.
Osuma explained that workers who had already spent decades in the civil service ought to remain under a more secure pension structure capable of guaranteeing stability after retirement.
The labour leader further noted that inflation and the rising cost of living had continued to erode the value of retirement savings, thereby increasing the suffering of pensioners across the country.
He also appealed to the state government to consider extending the years of service in the civil service from 35 to 40 years and the retirement age from 60 to 65 years.
Osuma argued that such adjustment had become necessary in view of present-day economic realities and changing conditions in the workplace.
The unionist also reviewed that similar policies had already been adopted in some sectors and jurisdictions, expressing optimism that the State could also implement the reforms for the benefit of workers.
He however, commended Governor Fubara for approving an N85,000 minimum wage for workers in the state, noting that the amount was above the national benchmark of N70,000.
Osuma also acknowledged the government’s efforts in the area of workers’ promotions and bonuses, but insisted that pension reforms and extension of years of service remained critical to the long-term welfare and stability of civil servants in Rivers State.
By: King Onunwor
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FG Begins South-West Tour To Promote New Cooperative Bank

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The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.
 Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.
According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.
Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.
“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.
The minister noted  the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.
According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.
Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.
He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.
“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.
He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.
“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.
Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.
“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.
“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.
Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.
She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.
Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).
“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.
“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.
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