Business

Still In Projects’ Business: The NEW Example

Published

8 years ago

September 3, 2018

It was our Lord Jesus Christ who declared in Luke 9:62 that : “Anyone who puts a hand to the plow and then looks back is not fit for the Kingdom of God”. This is the guiding principle of Nigeria’s best performing governor , Nyesom Ezenwo Wike.
Despite the electioneering period, Rivers State Governor, Nyesom Ezenwo Wike has continued the funding and delivery of key projects in different parts of the state.
The governor remains committed to the completion of ongoing projects in the interest of the people of the state. In Rivers West and Rivers South-East Senatorial Districts, key projects are ongoing to improve the living condition of the people.
Speaking on projects delivery recently, Governor Wike said that his administration will never abandon any project because the revival of Rivers State is more important than any other consideration.
The governor said that the reason why he is in politics is to move the state forward and transform the lives of the people.
In Rivers West Senatorial District, Government Secondary School Okarki in Ahoada West Local Government Area flagged off for reconstruction by Governor Wike is progressing satisfactorily.
The people of the area are happy with the progress of work. They endorsed Governor Wike for a second term, stating that he needs time to continue with his projects delivery.
Chairman of Ahoada West Local Government Area, Honourable Hope Ikiriko, captures the importance of Governor Wike’s projects in the area.
He said: The governor has done two basic projects in Ahoada West Local Government Area. One in the educational sector and the other in basic infrastructure,which is a road project. Government Secondary School in Okarki is an old school that has been there since the 60s and subsequent administrations just watched the school, go down and decay. The school was no more, in fact we can’t even remember students who go there again, just one structure that was there but he came in and saw that the dreams of our founding fathers were eroded and he took it upon himself to bring the school back to life.
“So what we have there now is a complete high school facility, which has to do with laboratory, classrooms, administration blocks, hostels, dining , ICT and sports facilities. It has brought back the basic dream and vision of any government as it was before, if you go there now the project that started few months ago is nearing completion.
“The other one is the road project at Ojoko. The road was abandoned for so many years. Our governor now has come back, to reconstruct the road. If you go there now,it is a wonderful road. These two projects, I can say, if you carry out the need assessment in the area, you will realise that these are the two major things that the people need. That is why I give credit to our Governor for feeling the pains of the people. He does not just site projects here and there. He sites projects that impact on the people, like the secondary school, it has brought up several great men in Ahoada West Local Government Area.”
Also, Mr. Gift Ade from Okarki community thanked the Rivers State Governor for his investment in the reconstruction of the Government Secondary School, Okarki. He said that the community will repay him by voting massively for him in 2019.
Ade said: “We are voting him to power for him to continue his job. Previously, the place was not functioning. The building was not in good order. They are bringing back the secondary school to life. We pray that God should give him more grace so that he will continue doing our projects. He is trying for us, he even promised to do our road. We thank Governor Wike very much, we welcome him, by 2019,we will endorse him to continue”.
Harry Ogono, a native of Okarki, had this to say: “I was a civil servant before, a retired civil servant. We thank our Governor so much. We don’t know that he can do such a good thing for us, here in Okarki. This project will lift us up and give us a name.”
The intervention of Governor Wike in Asari-Toru LGA is legendary. The General Hospital, Buguma has been reconstructed. The project will be delivered in the coming weeks. The state government is ready to equip the health facility in line with the goal of the administration.
In addition, the Rivers State Governor is expanding the landscape of Asari-Toru Local Government Area through the sand-filling and land reclamation project at Abalama.
Chairman of Asari-Toru Local Government Area Chief Odiari Princewill, praised the Rivers State Governor for the two projects that have impacted the lives of the people.
He said: “His Excellency, Ezenwo Wike, the Governor of Rivers State, I say thank you for giving us something like this. This hospital has been neglected for long. For more than twenty years , nobody was coming here. Now everything has changed. The hospital is now alive”.
On the Abalama sand-filling project, Mr Ofori Brown said: “I am a bonifide member of Abalama, the Alabama of Kalabari land . Right here, where I am standing had been a mangrove, entirely covered with mangrove trees and water, but because Abalama is entirely for Peoples Democratic Party (PDP) and because our sons, Alabo George Kelly, Enemi Alabo George and the rest of us worked tirelessly with his Excellency, Mr Project, he promised us a project and today it is a living testimony because where I am standing, there is a beautiful sand-filled project ongoing and the Governor has also in his magnanimity done couple of projects in Asari-Toru Local Government Area, like the General Hospital particularly in Buguma.”
Also on the project in Abalama, Mrs Tamunotonye Iyalla said the people of Asari-Toru Local Government Area will remain grateful to the Rivers State Governor for the Abalama sand-filling project which has improved the economy of the area.
In Khana Local Government Area, the dualisation of the iconic Sakpenwa-Bori road started by the Wike administration is nearing completion and getting ready for commissioning.
It is the same story at the Zonal Hospital, Bori . This project abandoned by the failed Amaechi administration at less than 20 per cent completion is about to be completed. Work has reached 85per cent completion.
The governor has vowed to continue the execution of projects, irrespective of the political reality of the time. From day one till when the governor’s mandate will be revalidated in 2019, work will continue unabated.
Governor Wike came for projects delivery and he is still in this life changing business. No local government area has been excluded from the rollout of projects. This is a united Rivers State, where everyone is given a sense of belonging.
Nwakaudu is Special Assistant to Rivers State Governor on Electronic Media.

Simeon Nwakaudu

Business

FG Begins South-West Tour To Promote New Cooperative Bank

Published

2 days ago

May 13, 2026

The Tide

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.

Business

Customs Impound N2.35bn Cocaine, 15 Trailers of Rice

Published

2 days ago

May 13, 2026

The Tide

The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, Ikeja, has impound Cocaine Substance valued at ?2.35 billion alongside 15 trailer-loads of foreign rice and a wide range of contraband across the South-West.

This was disclosed to Newsmen during a press briefing in Lagos by Controller of the Unit, Comptroller Gambo Aliyu,

Aliyu revealed that the seizures were made over an eight-week period, underscoring intensified enforcement efforts.

According to him, operatives foiled 473 smuggling attempts within the period, leading to the confiscation of 8,794 bags of 50kg foreign rice, 22 used vehicles, 328 bales of used clothing, and 31,705 litres of Premium Motor Spirit (PMS).

He said other seized items include a Mercedes-Benz vehicle and various food products such as poultry, vegetable oil, spaghetti, and sugar.

Aliyu clarified that the rice displayed at the briefing represented cumulative interceptions made at different locations and times across the zone.

“All the rice you see here are accumulative of seizures carried out at different places, at different times, and through different interdictions,”

Beyond the economic implications, the Comptroller emphasized the social cost of drug trafficking, warning that narcotics continue to destroy families and fuel criminal activities.

“It may surprise you to know that many homes are broken due to drugs.

” Our mandate is to cut off the supply chain, and that is exactly what we are doing,”.

Similarly Customs operatives at the Gbaji outpost intercepted a 71 year-old suspect along the Lagos-Abidjan corridor with 6.35kg of cocaine concealed in a Toyota Highlander.

The drugs, comprising both powdered and crystalline forms, were valued at ?2.35 billion.

Under a special enforcement drive, codenamed “Operation Hawk,” the unit also seized 3,340 parcels of synthetic cannabis, popularly known as “Ghanaian loud,” weighing 1,540kg.

The substances, along with three suspects, have been handed over to the National Drug Law Enforcement Agency (NDLEA) for further investigation and prosecution.

In a related operation, officers intercepted four cylinders of mercury hidden in a vehicle along the same corridor. Aliyu described the substance as hazardous and subject to international regulation.

Overall, the Duty Paid Value (DPV) of the seizures stands at approximately ?5.5 billion, reflecting the scale of enforcement activities.

Additionally, the unit recovered ?97.7 million through Demand Notices issued on under-declared consignments.

Aliyu reaffirmed the Service’s commitment to deploying modern technology—including geospatial intelligence, drone surveillance, and real-time tracking—to strengthen border security and clamp down on smuggling networks.

CHINEDU WOSU

Business

Dangote, Nicolai Tangen To Partner In strategic sectors

Published

2 days ago

May 13, 2026

The Tide

Chief Executive Officer of Norges Bank Investment Management, Nicolai Tangen ( manager of the world’s largest sovereign wealth fund) has expressed interest in partnering with Dangote Group to expand investments across Africa, particularly in strategic sectors such as power, energy, renewable energy, agriculture, fertiliser and cement.

This was made known during a meeting of Chief Executive of Dangote Group, Aliko Dangote with Nicolai Tangen, the manager of Norwegian investment institution (with assets estimated at about $1.9 trillion) .

Also present at the meeting were Svein Tore Holsether, Chief Executive Officer of Yara International, and Terje Pilskog, Chief Executive Officer of Scatec, a global renewable energy company.

The engagement reflects growing international investor confidence in Africa’s industrial and infrastructure potential, as well as the increasing role of indigenous conglomerates such as Dangote Group in driving large-scale economic transformation across the continent.

Industry observers say the proposed collaboration could create significant opportunities for investments in critical sectors linked to energy transition, food security, industrialisation and infrastructure development.

The Norwegian sovereign wealth fund, regarded as one of the world’s leading institutional investors, has in recent years increased its focus on emerging markets, with Africa seen as a major frontier for long-term investment and value creation.

Analysts believe a partnership between Norges Bank Investment Management and Dangote Group could unlock substantial capital flows into infrastructure and industrial projects across Africa, helping to accelerate economic growth and regional integration.

Nkpemenyie Mcdominic, Lagos