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RTC Can Contribute To IGR, Create Jobs – Eresia-Eke

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Only few public men in Nigeria entrusted with the responsibility of turning around the misfortunes of an ailing government enterprise exude implicit confidence in their onerous assignment. One of such men is Chief Ibe Eresia-Eke who currently sits atop the Board of Rivers State Government-owned Rivers Transport Company (RTC) as Chairman.
A master game planner, veteran task master, management expert, technocrat and politician, Eresia-Eke, dares to be different, running a quasi-government outfit profitably, away from the suffocating tradition of corruption and inefficiency which are the hallmark of most parastatals.
Making good his solid reputation as turn-around prime manager with Midas touch, the debonair ex-General Manager of RTC, former local Government Chairman, one-time State Chairman of the defunct Democratic Peoples Party (DPP), former State Chairman of the defunct Action Congress of Nigeria (ACN), and erstwhile Deputy National Publicity Secretary of the disbanded All Nigeria Peoples Party (ANPP), among many others, has been breathing life into his ideas, since coming on board.
With the see-it-all achievements of RTC made within this short space of time, Eresia-Eke, perhaps out of sheer modesty, will still tell anyone who cares to listen that there is no magic behind the new face of the company.
In this encounter with The Tide Political Editor, Victor Tew, the energetic Peoples Democratic Party (PDP) Chieftain insisted that a government-run enterprise can be viable and competitive like private firms controlled by hard-nosed extrepreneurs, explaining how RTC can contribute immensely to the state’s Internally Generated Revenue (IGR) and create employment, among other issues.
Excerpts:
How has it been running this company?
It has been quite tasking. We are expecting some support from government. We pay salaries and do other things by ourselves without government funding. Whatever we get is what we use in the running the place. It has been quite demanding. It has not been easy.
What we have been able to get so far is some support to renovate the building. When we came on board this building was very bad and dilapidated. It was deroofed. The government gave us money with which we were able to do some renovations, build a multi-purpose hall and some parks. They did not have an assembly Hall and other faculties. And all these were done under my watch.
The premises was filthy, dirty, unpainted and generally in disarray. We could’t get into the place on the first day I reported for work.
Are you suggesting that the past management did not really consider the company’s infrastructural development or are you blaming it on corruption or ineffective mismanagement?
It’s ineffective management. Not everyone knows how to manage a place, moreso an outfit such as this. They are more interested in what they would make than maintaining the existing facilities and even improving on them. Most of them do not even know that there are much more to running a place like this. The whole thing revolves around logistics and other things. You have to manage transport, the facilities and the people (the workforce). All these put together ensures effective management.
You talked about managing the people, your workers. Are they satisfied with your effort so far?
Yes, the workers are satisfied and happy with the effort of the new board. You can talk to them. Salaries, leave allowances, bonuses and every other emoluments are being paid promptly.
What is your staff strength?
We have approximately 250 staffers. This is aside from the casuals.
What plans have you to improve on your revenue generation effort?
Well, RTC is a very viable place. It is the only surviving state-owned transport company of its kind in this part of Nigeria. All we need is support, then the sky would be the limit. 99 percent of our vehicles are privately owned. They are owned by individuals who have invested with us and brought their vehicles in for us to manage. What we do is to collect commission. So you see that if we can just collect commission of 20 to 25 percent and pay salary of some 250 people and still maintain the facilities we have here, imagine if we have our own vehicles, then you will really appreciate how viable this place can be. So that is why we are saying that RTC can contribute immensely to the internally generated revenue (IGR) of the state if we are supported to acquire vehicles. We are not asking for free money. We are asking that the state government guarantees our bank loans as banks cannot grant RTC loans as a wholly owned government company . We have also asked government to give us money in the form of grant or loan and we will pay back in two to three years.
Have you also approached any institution for loans or other forms of assistance?
Yes, we have. We have approached the Bank of Industry (BOI) and they have agreed to give us 50 buses. The papers for this deal are before the Governor for consideration. We hope that with his determination to transform the transport sector and make it contribute to the state IGR, he would give it expeditious attention, especially in his second tenure as the state chief executive.
It appears that what RTC is doing now is just public private partnership for survival.
Yes, that is what we are doing now. Individuals bring in their vehicles and we manage them for a commission. But we want to go beyond that by having our own vehicles, generate revenue for the state and create employment in the final analysis.
How many vehicles have you in your pool?
We have 700. Of this, RTC has about 10 and that is very bad and critical. And because we solely depend on individuals we find it difficult to discipline them. You have to handle them with care because if they embark on strike or withdraw their vehicles from the road we won’t be able to do many things that we are supposed to do. So we are very cautious, very tactful but strict. But if we have our own vehicles our services will improve because we will be stricter.
As a transport business, there certainly exists loopholes. How do you plug them?
There are certainly loopholes and corrupt practices. Transport is a cash based business. So, we have monitors all over the place. We have check points where our vehicles stop for routine check, mostly close to the Police checkpoints at the borders with neigbouring states. This is because no matter what you do, you must come to the headquarters. We also have offices in 16 states including Abuja.
Are you satisfied with your efforts so far?
Yes, the Board has done well and the workers are happy. We have also reviewed staff condition of service. Before now gratuities were not paid, even to those who had died. But we have started paying them. So, staff welfare is a priority.
You earlier talked about casuals in your workforce. Are there plans to formalize their appointment and give them a sense of belonging like your permanent staff?
Yes, we occasionally do that. But there is an embargo on employment now. I can tell you that even as casuals they are well taken care of. However, as a government outfit we operate within laid down rules. We report to the Governor, the state Ministry of Transport and even the State House of Assembly Committee on Transport.
No too long ago, your management hinted of plans to kick-start international courier service in the first quarter of this year. To what extent have you gone to actualize it?
For now we want to concentrate on the local courier service. We are solely engaged in goods courier because most traders in Port Harcourt procure their goods from Onitsha, Lagos, Awka, Ogoja etc.
Does this mean that your company has shelved the idea of an international courier service.
Not at all. It would be revisited. We are only being disciplined by some constraints and logistics problems. So, we just want to concentrate on the local one before going international.
Is your board not considering saving a little from what the company generates to procure some vehicles for itself?
It is not easy. A Toyota Hiace bus (15 seater) is about N25 million. Even when we save we can only buy fairly used ones. Only very few buses in our fleet are brand new and because of the prevailing economic situation you hardly see anyone bringing in new vehicles. They are all used vehicles. It is not easy, but we will try. We pay salaries, taxes to the state and federal government, and other local levies. We don’t default.
Are there plans to improve on your revenue generation effort and staff welfare this year?
We can only do that if our business expands. The only way we can go about this is to procure more vehicles. In this way, we will create employment and generate more revenue for the state. So the more vehicle we have the more people we can employ –the drivers, mechanics and others. But we hope that the Governor will support us to enable the company contribute the states’s IGR and create more employment. We are confident that he will do something about it because he is a man who keeps his words.
What is your impression about the last general election in the state?
The last general election in the state shows clearly that Rivers State is a PDP State. The opposition tried all sorts of things-intimidation, bullying and all that. It didn’t work because we (PDP) are on ground and we have the peoples’ support. It turned out well because we worked hard in service delivery to deserve the support of electorate who voted enmass for PDP and defended their votes. They (the opposition) failed because you can’t rig an election where you are not popular. No way.
What is your take on the recent peace move by Amaechi shortly after Governor Wike offered an Olive Branch to political gladiators in the state?
Amaechi’s expression of readiness to seek peace as canvassed by Governor Wike is a welcome development if he (Amaechi) is sincere. If he genuinely asks for forgiveness, ofcourse Rivers people will forgive him. But he has a reputation of not keeping to his words. But I know that the Governor is sincere about his call for peace. And they are brothers in the first place, why won’t they make peace. So, let them come together in the interest of the development of Rivers State. This is over and above the interest of any individual.
How would you assess Governor Wike in terms of service delivery?
The Governor has performed exceptionally well. Just take a look at the quantity and quality of projects dotted around the state that he conceptialised and executed in the past four years. That is why the people of the state came out in their large numbers to vote for him in the last elections. If he did not do well they would not have voted for him. The fact that they voted for him is an appreciation of his hardwork. So we are happy for him and we are sure that he would do more in his second tenure. And let me say one thing: the impression in some quarters that governors do relax in their second tenure is not true of Governor Wike that we know. This is more so as Rivers people showed him love during the elections. They appreciated him for his outstanding performance.
What is your message to the people of the state?
Rivers people should continue to support the Government of Chief Nyesom Wike and the Peoples Democratic Party for them to continually reap the dividends of democracy.
For the people of Ogba/Egbema/Ndoni, I enjoin them to remain peaceful, law-abiding and supportive of the state government. It was quite interesting to note that Onelga people confounded cynics and critics by maintaining peace in the just-concluded-elections as politicians came together and ensured a rancour-free and fair polls.

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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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