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Transforming Transportation Sector: RTC Example

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In the blueprint of his new vision for new Rivers State before assuming office as Governor, Chief Nyesom Wike had vowed “to build a State that is truly united, secure and prosperous with boundless opportunities for everyone who lives in it to peacefully pursue their goals and realize their full potentials in dignity and happiness’’.
He did not stop there. He had also insisted on actualising “the agitation of the people of Rivers State for a balanced development and an enhanced quality of life for the present and future generations through responsive governance guided by the fear of God’’.
To realise the new vision, some priorities which included the development of transport infrastructure were listed.
Demonstrating an uncommon and unwavering commitment to all that he enunciated in the blueprint, the Governor had, from the outset, worked relentlessly towards actualizing his vision and mission for a better Rivers State in the strong belief that ‘’together’’, as he puts it, ‘’we can create better opportunities and achieve more for our people’’.
Whatever may be the tensions and stresses of leadership challenges occasioned by the intervening variables that do discipline the untiring efforts of serious-minded chief executives as Wike in a democratic setting, it can be safely suggested, without fear of contradiction, that the Governor has acquitted himself creditably in the conceptualization and execution of projects and programmes to the admiration of many, including Vice President Yemi Osinbajo who rightly dubbed him ‘Mr Projects.’
Nothing really evinces this more than his rare show of interest in the development of transport infrastructure and the continuous existence and progress of the Rivers Transport Company (RTC) as exemplified in the appointment of the Board of Directors of the Company led by debonnaire gentleman and seasoned administrator, Chief Ibe Eresia-Eke.
The Tide’s review of the progress report of a few quasi-government enterprises and state-run firms, including sister corporations, many of which are dead or forgotten, shows that the anti-climax situations and the suffocating tradition of inefficiency and corruption which are the hallmark of many government parastatals, have dramatically turned to a prologue-a pointer to the fact the new board appointed for RTC holds the key to a brighter and promising future that will see the company regaining its lost glory and setting the pace for others to emulate.
Indeed, a visit to the corporate headquarters of the company and an inquest into its operation in the past two years confounds hardened critics and cynics, and proves that a government-owned enterprise can be viable and competitive like private firms controlled by hard-tested entrepreneurs.
There is no gainsaying the fact that the present board members, like the veteran task masters they are, are breathing life into their ideas, shoving complacency for sheer pragmatism, making good their solid reputation as turn-around prime managers with Midas touch to the maximum satisfaction of a hitherto despondent workforce.
It is apposite to state here that ninety percent of the board members are transport practitioners and logisticians who have brought their experience to bear on the administration of the company. The Chairman, Eresia-Eke, a transporter himself and one-time chairman of oil-rich Ogba/Egbema/Ndoni Local Government Area of Rivers State, is an author of a bestseller on local government administration with particular emphasis on transport. Apart from that, he had served as General Manager of RTC 14 years ago. After his stint there, he floated a driving school to lend credence to the fact that his line of thought has always been transport. And with a highly disciplined background, he has the vision of where a public transport company should be going, which is what he is bringing to bear on the administration of the company.
The Board Secretary, Sir Allwell Egwurugwu is a state officer of the National Union of Road Transport Workers (NURTW) and is into logistics services. Little wonder then that there is pleasant result in the form of physical and operational transformation of the company to the delight of staff who have adjudged the current board as the most prudent and worker-friendly in its 48-year history.
Professional expertise and financial prudence, investigations revealed, appear to be what set the Eresia-Eke led board apart from past ones. The judicious utilization of scarce resources, including a grant that was released to the company by the state government in the infrastructural revamp of its headquarter complex with befitting office accommodation for staff has elicited a confidence vote on the board and immense appreciation to Governor Wike for his foresight in putting square pegs in square holes.
The reason for that is not far-fetched. Most past boards were peopled with non-professionals whose only interest were just the collection of data of how much the company was getting, and not in staff welfare or vehicles maintenance and other overheads that are used to generate the money. Infact, the story was once told of how board members shared the buses that former Governor Rufus Ada George gave to the company.
Some other past boards did not fare any better. One of such boards wrecked the company to the extent that staff salaries could not be paid for several months after they left.
From all intent and purposes, past governments, many believe, had not been sensitive to what public transportation demand should be, hence certain persons who are appointed into a board ultimately clash with professionals who know the nitty gritty of running a transport company profitably.
From1991 till date, RTC has had five boards of directors who, as it were, represent the interest of government which is the owner of the business. So if government appoints a board, analyst insists, it is expected that the board should be interested in the prosperity and profitability of the business. But this had hardly been the case with the company until the present board took charge of affairs.
The Deputy General Manager, Chief Peter Borlo who joined the company 28 years ago as an Administrative officer said: ‘’as secretary of past boards I can tell you that we have the best board now. We have never had it this good. The Board has been addressing workers and corporate needs promptly’’
Illuminating the workings of the transport system, Borlo, who happens to be the chairman of the Chartered Institute of Logistics and Transport, Rivers and Bayelsa States, hinted that ‘’public transportation demands expects that you provide the buses that are needed with the way they are needed to ensure profitability’’.
Similarly, RTC’s Assistant General Manager (Operations), Mr Biedima Wariso said it is the first time the company was having a Board that has put in place policies that have impacted, and still impacting, positively on staff.
Apart from the prompt payment of staff salaries and emoluments, Borlo and Wariso hinted that the owing to the policies put in place by the Board which have also improved the monitoring system, things are now properly done as leakages and pilfering have stopped.
The Head, Courier and Logistics of the Company, Mr M.F. Oputa and the Acting Head, Health, Safety and Environment (HSE), Mr Kinikachi Chu ku spoke in similar vein.
Said Oputa: ‘’The Board is dedicated, God sent, and staff-friendly. They ensure that each staff is well taken care of. They give incentives in the form of promotions, increments and many more.’’
Oputa, who also revealed plans by the company to expand the frontiers of its service to foreign countries said the Board built a beautiful edifice for staff of his department who ‘’were confined in one small store’’.
Commending Governor Wike for his foresight in identifying the Eresia-Eke-led Board which he as well described as exceptional and God-sent, Chuku on his part, said the company has so far not recorded any fatality on the road as it ‘’has devices of getting feedback on any of our drivers who don’t adhere strictly to safety rules’’.
The chairman of the Monitoring Team, Mr Dappa Belema Soye was also full of praises for the Board for being favourably disposed to workers welfare among others. ‘’The Board in liaison with the union has been able to promote staff who were long due for promotion and also employed casual staff who have since been craving for gainful employment’’, he said.
As it is, it would certainly require the compilation of a compendium to record all the commentaries on the achievements of the Eresia-Eke led Board just as it would demand enormous intellectual rigours to completely unravel the mystery behind their somewhat magic wand.
Never the less, the challenge of getting more vehicles to improve on their services and earnings stare RTC’s Board and management in the face. Said Borlo: ‘’Our vehicles are depleted. Though we are doing relatively well, we need recapitalization to be able to do more’’.
Hinting that the company has about 270 staffers who have some 10 dependants each, Borlo divulged that the company also has international courier licence which requires adequate funding, arguing that a well funded RTC can contribute i immensely to the internally generated revenue of the state and also reduce its clan of unemployed.
Yet, RTC regularly and promptly pays staff salaries and other emoluments in spite of the difficult condition in which the company is operating due largely to lack of vehicles.
It was gathered however, that while the Board has made some requests to the Rivers State Government for grants in the form of loan, and graciously waiting for its approval, it has also reached out to the Bank of Industry for a facility to procure some 50 vehicles.
While approval for all these requests are being expected by the company, its highly appreciative and elated workforce hasexpressed its unalloyed support for Governor Wike’s second term bid to enable the government consolidate on its achievements, especially in the transport sector.

Victor Tew

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

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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
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Dangote,  Nicolai Tangen To Partner In strategic sectors

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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
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