Featured
Stop De-Marketing Rivers, Wike Tells Indigenes …As Buhari Commissions PH Int’l Airport Terminal …Amaechi Conspicuously Missing At Event
The Rivers State Governor, Chief Nyesom Wike has called on prominent Rivers indigenes and Nigerians to stop de-marketing the state.
Speaking during the commissioning of the Port Harcourt International Airport Terminal, Omagwa, yesterday, by President Muhammadu Buhari, the Rivers State governor said that it was in the best interest of the entire South-South region for investments to flow into Rivers State.
He said: “I urge all of us who are from Rivers State and others from Nigeria to market Rivers State and not de-market it.
“With this, people will come and invest in the state. Other airlines will also operate from this airport”.
Wike said that Rivers State was safe and secure for investments, hence, the execution of key projects without hitches.
He said: “What has happened today showcases the fact that Rivers State is safe, Rivers State is secure for people to invest.
“If Rivers State is not safe, CCECC will not complete this project”, Wike added.
The governor stated that the people of Rivers State and the Niger Delta were happy with the completion of the Port Harcourt International Airport Terminal.
“What you are doing today will boost Rivers economy and create investment opportunities”, he said.
He urged President Muhammadu Buhari to complete the domestic terminal of the Port Harcourt International Airport in line with his pledge.
Wike approved the construction of the five kilometres transit road into the International Airport Terminal vicinity.
Commissioning the Port Harcourt International Airport Terminal, President Muhammadu Buhari said that it represents a significant landmark for international air travellers, particularly those from Rivers State.
Buhari said that since the 1970s and early 1980s, not much was done to increase passenger handling capacity of the nation’s airports.
The terminal was built by the Chinese Civil Engineering Construction Company Nigeria Limited as part of the $500million concessional loan from the Export–Import Bank of China.
Buhari landed about 12.30 pm and was driven in a convoy to the location of the new terminal.
Speaking at the ceremony, Buhari said the Port Harcourt International Airport Terminal would play a significant role in promoting economic prosperity of Rivers State.
He said the new terminal would increase passenger growth as well as facilitate the movement of cargo.
Buhari said the facility would bring the airport to international standard to create economic growth for Rivers State as well as the country.
He said the concession of four international airport terminals in Lagos, Abuja, Kano and Port Harcourt will improve infrastructure in Nigeria.
He said the construction of new terminals would be linked to the Warri Rail Line.
Buhari said government is making deliberate efforts to increase handling capacities and infrastructure of the nation’s transport sector which was not taken care of since the 70s and 80s when they were built.
He said it was part of his promises to upgrade Nigeria’s transport infrastructure in all geo political zones of the country.
The president said:” Today’s commissioning is a significant landmark for international travellers especially those in the South-South region.
“Not much was done after these airports were built in the 70s and 80s to increase handling capacity of the airports and so we needed to take decisive steps to ensure that our terminals meet the minimum international global standards.
“In the 2017 budget, I promised to upgrade Nigeria’s transport and complete a number projects that will be beneficiary to the nation economically and these include construction of new terminals, railways and power projects.
“Today’s commissioning is a direct policy to sustain economic growth in all geo political zones of the country,” the president said.
Earlier, the Minister of State for Aviation, Hon Hadi Sirika said the project commenced in 2014 and was inherited from the previous administration at 30 per cent completion in 2015.
He said despite the inherent challenges associated with the project, Buhari gave approval for the lapses to be corrected.
Sirika listed the challenges to include: inadequate power supply, litigation, lack of apron space which have been addressed.
He said that seven million passengers would be processed annually at the Port Harcourt International Airport Terminal, a figure which he noted, was 15 times higher than the air-passenger traffic capacity of Ghana.
Sirika said that the Buhari administration inherited the project at about 30 per cent completion stage.
Meanwhile, the Federal Government has been commended over the completion of the Port Harcourt Airport terminal and its inauguration by President Muhammadu Buhari, yesterday.
The terminal building which is 25, 163 square meters was built by Chinese Civil Engineering Construction Company (CCECC) Nigeria Limited.
The contract was signed on December 3, 2012 at a cost of $111,168,752. Work began on the project on March 1, 2014.
It was learnt that 85 per cent of contract sum came from Export-Import Bank of China as concessional loan while 15 per cent of the sum came as counterpart fund from the Federal Government.
The project was stalled, until Buhari directed that it must be completed.
The main work in the contract included a two storey terminal building, the cargo terminal, the apron, external and other ancillary works.
In his remarks, the Nyeweli Omagwa, King Achimele Amadi, commended the Federal Government for the smooth completion of the new terminal.
“I have been on the throne for four years now and this is the first time I have seen the presence of the Federal Government in terms of project”, he said.
“This project is a welcome development as it would boost economy and employment in my domain.”
An airport user, Mrs Gloria Aku commended the government for the completion of the terminal building, saying that total completion of the airport would be a great achievement.
“You cannot overemphasise the importance a befitting and functional airport in the economy of any nation; airport boosts tourism,” she said.
Another user of the airport, Mr Michael Dowe expressed happiness about the completion of the terminal.
An overview of facilities at the airport shows total completion of the main concourse, escalator, the checking counter and others.
The inauguration was marked by the heavy presence of security agents, traditional rulers and politicians.
The Minister of Transportation, Chibuike Rotimi Amaechi was absent at the commissioning of the new International Wing at the Port Harcourt Airport, yesterday.
Amaechi, who is the Leader of the All Progressives Congress (APC) in Rivers State was conspicuously missing at the event.
Pictures circulated in the social media, however, indicated that Amaechi was in Ibadan attending a Town Hall meeting organised by the Federal Government.
Meanwhile, President Mohammadu Buhari was received by Rivers state Governor, Chief Nyesom Wike in company of other leaders of the People’s Democratic Party in Rivers State.
All Rivers State senators, including Andrew Uchendu, Magnus Abe, Osi Ideozu as well as the Director General of NIMASA, Dakuku Peterside led other APC leaders to welcome Buhari.
According to the Federal Airport Authority of Nigeria (FAAN) brochure for the commissioning exercise, “The New Port Harcourt Airport Terminal building is built by CCECC Nigeria Ltd.
“The contract sum of the project is $111, 168, 752, 55; 85 per cent of the contract sum came from Export-Import Bank of China as a concessional loan, while 15 per cent of the amount came as counterpart funding from the government of Nigeria.
“The contract was signed on December 3, 2012, but large scale construction commenced on March 1, 2014”.
President Bola Tinubu yesterday signed into law four tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.
The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.
The ceremony took place at the Presidential Villa, yesterday.
The ceremony was witnessed by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.
The presidency had earlier stated that the laws would transform tax administration in the country, increase revenue generation, improve the business environment, and give a boost to domestic and foreign investments.
“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Special Adviser to the President on Media, Bayo Onanuga said on Wednesday.
Before the signing of the four bills, President Tinubu had earlier yesterday, said the tax reform bills will reset Nigeria’s economic trajectory and simplify its complex fiscal landscape.
Announcing the development via his official X handle, yesterday, the President declared, “In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.”
Tinubu made a call to investors and citizens alike, saying, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”
He described the bills as not just technical adjustments but a direct intervention to ease burdens on struggling Nigerians.
“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu wrote.
According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”
He added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency.
The tax reforms, first introduced in October 2024, were part of Tinubu’s post-subsidy-removal recovery plan, aimed at expanding revenue without stifling productivity.
However, the bills faced turbulence at the National Assembly and amongst some state governors who rejected its passing in 2024.
At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed.
They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.
After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax.
By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.
In his tweet, Tinubu stressed that this is just the beginning of Nigeria’s tax evolution.
“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.
“A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” he stated.
He further acknowledged the contributions of the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigeria’s subnational governments.
The President added, “We are not just signing tax bills but rewriting the social contract.
“We are not there yet, but we are firmly on the road.”
The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.
Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.
However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.
Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.
A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.
It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.
The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.
“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.
“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”
But lawmakers rejected the request.
The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.
“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.
“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.
Other lawmakers echoed similar frustrations.
Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.
The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.
Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.
Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”
Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.
The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.
Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.
The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.
The National Association of Nigerian Travel Agencies (NANTA) said over 17 million Nigerians travelled out between 2023 and 2024.
This is as the association announced that it would be organising a maiden edition of Eastern Travel Market 2025 in Uyo, Akwa Ibom State capital from 27th to 30th August, 2025.
Vice Chairman of NANTA, Eastern Zone, Hope Ehiogie, disclosed this during a news briefing in Port Harcourt.
Ehiogie explained that the event aims to bring together over 1,000 travel professionals to discuss the future of the industry in the nation and give visibility to airlines, hospitality firms, hospitals and institutions in the South-South and South-East, tagged Eastern Zone.
He stated that the 17 million number marks a significant increase in overseas travel and tours.
According to him, “Nigerian travel industry has seen significant growth, with 17 million people traveling out of the country in 2023”.
Ehiogie further said the potential of tourism and travel would bring in over $12 million into the nation’s economy by 2026, saying it would be a major spike in the sector, as 2024 recorded about $4 million.
“The potential of tourism and travel is that it can generate about $12 million for the nation’s economy by 2026. Last year it was $4 million.
“In the area of travels, over 17 million Nigerians traveled out of the country two years ago for different purposes. This included, health, religious purposes, visit, education and others,” Ehiogie said.
While highlighting the potential of Nigeria’s tourism, he said the hospitality industry in Nigeria has come of age, saying it is now second to none.
The Vice Chairman of NANTA, Eastern Zone further said, “We are not creating an enabling environment for business to thrive. We need to support the industry and provide the necessary infrastructure for growth.”
He said the country has a lot of tourism potential, especially as the government is now showing interest in and supporting the sector.
Ehiogie emphasized that NANTA has been working to support the industry with initiatives such as training schools and platforms for airlines and hotels to sell their products.
He added, “We now have about four to five training schools in the region, and within two years, the first set of students will graduate. We are helping airlines sell tickets and hotels sell their rooms.”
Also speaking, former Chairman of the Board of Trustees of NANTA, Stephen Isokariari of Dial Travels, called for more support from the industry.
Isokariari stated, “We need to work together to grow the industry and contribute to the nation’s Gross Domestic Product.
“With the right support and infrastructure, the Nigerian travel industry has the potential to make a significant contribution to the nation’s economy.”