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RTC’s Workforce Can Increase If… -Eresia-Eke

In line with the Rivers State Government’s new vision as it relates to the transportation sector, the Rivers Transport Company (RTC) says it could create more jobs well above the 250 workers currently in its employ.
Beyond that, the company hinted that it has fine-tuned a comprehensive plan of action capable of giving a boost to the state’s much-needed Internally Generated Revenue (IGR).
The Chairman and Chief Executive of RTC, Chief Ibe Eresia-Eke divulged this in Port Harcourt yesterday in an interview with The Tide.
Chief Eresia-Eke said the prevailing economic misery in the country which, he notes, is partially linked to the low IGR of most states of the federation, calls for concerted efforts at helping government diversify its source of income by looking beyond the diminishing federal allocation.
Citing a recent report of the National Bureau of Statistics (NBS) which revealed an uncomfortable IGR status of most states, he stated that the state has continued to stay afloat beyond the federally-shared revenue owing to the Governor Nyesom Wike-led administration’s prudence and far-reaching IGR efforts.
He commended Governor Wike for not “morbidly depending on the money being shared from crude oil revenues to provide the numerous social infrastructures in the state, adding that it was in the larger public interest to complement his untiring efforts that RTC has made some feasible proposals to the state government for his consideration.
“RTC is as very viable place. It is the only state-owned transport company of its kind in this part of Nigeria. 99 per cent of our vehicles are privately-owned but managed by us. We only collect 20 to 25 per cent commission from where we pay the salary of some 250 people, maintain our facilities, pay taxes and other local levies promptly.
“Presently, of the 700 vehicles in our fleet, RTC has about 10, which is critical. Imagine if we have our own vehicles, the sky would be the limit as we would generate more revenue for the state and create jobs with the employment of more drivers, mechanics and others.
“Indeed, RTC can contribute greatly to the state IGR if supported by government to acquire vehicles through grants or loans payable within two to three years. We are not asking for free money, but only appealing that the State government guarantees our bank loans as banks cannot grant us loans as a wholly owned government company”.
Eresia-Eke who stated that a 15-seat Toyota Hiace Bus costs about N25 million hinted that RTC has approached the Bank of Industry (BOI) which has agreed to provide the company with 50 buses, adding that the deal was before the Governor for consideration.
He expressed the hope that with Wike’s determination to transform the transport sector and make it contribute to the state IGR, including the facelift he recently gave the company, he would give the deal expeditious action.
Victor Tew
News
FG Ends Passport Production At Multiple Centres After 62 Years

The Nigeria Immigration Service has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, disclosed this yesterday while inspecting Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
He said the centralised production system aligned with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for better service delivery.
News
FAAC Disburses N2.225trn For August, Highest In Nigeria

The Federation Account Allocation Committee (FAAC) has disbursed N2.225 trillion as federation revenue for the month of August 2025, the highest ever allocation to the three tiers of government and other statutory recipients.
This marks the second consecutive month that FAAC disbursements have crossed the N2 trillion mark.
The revenue, shared at the August 2025 FAAC meeting in Abuja, was buoyed by increases in oil and gas royalty, value-added tax (VAT), and common external tariff (CET) levies, according to a communiqué issued at the end of the meeting.
Out of the N2.225 trillion total distributable revenue, FAAC said N1,478.593 trillion came from statutory revenue, N672.903 billion from VAT, N32.338 billion from the Electronic Money Transfer Levy (EMTL), and N41.284 billion from Exchange Difference.
The communiqué revealed that gross federation revenue for the month stood at N3.635 trillion. From this amount, N124.839 billion was deducted as cost of collection, while N1,285.845 trillion was set aside for transfers, interventions, refunds, and savings.
From the statutory revenue of N1.478 trillion, the Federal Government received N684.462 billion, State Governments received N347.168 billion, and Local Government Councils received N267.652 billion. A further N179.311 billion (13 per cent of mineral revenue) went to oil-producing states as derivation revenue.
From the distributable VAT revenue of N672.903 billion, the Federal Government received N100.935 billion, the states received N336.452 billion, while the local governments got N235.516 billion.
Of the N32.338 billion shared from EMTL, the Federal Government received N4.851 billion, the States received N16.169 billion, and the Local Governments received N11.318 billion.
From the N41.284 billion exchange difference, the Federal Government received N19.799 billion, the states received N10.042 billion, and the local governments received N7.742 billion, while N3.701 billion (13 per cent of mineral revenue) was shared to the oil-producing states as derivation.
News
KenPoly Governing Council Decries Inadequate Power Supply, Poor Infrastructure On Campus
The Governing Council of Kenule Beeson Saro-Wiwa Polytechnic, Bori, has decried the inadequate power supply and poor state of infrastructural facilities and equipment at the institution.
The Council also appealed to the government, including Non-Governmental Organisations, agencies, as well as well-meaning Rivers people to intervene to restore and sustain the laudable gesture, dreams and aspirations of the founding fathers of the polytechnic.
The Chairman of the newly inaugurated Council, Professor Friday B. Sigalo, made this appeal during a tour of facilities at the Polytechnic, recently.
Accompanied by members of the team, Prof Sigalo emphasised the position of technology, technical and vocational education in sustainable development.
He noted that with the prospects on ground, and the programmes and activities undertaken in the polytechnic, there is no doubt that the institution would add values to the educational system in our society and foster the desired development, if the existing challenges are jointly tackled.
This was contained in a statement signed by Deputy Registrar, Public Relations, Kenpoly, Innocent Ogbonda-Nwanwu, and made available to The Tide in Port Harcourt.
The chairman who restated the intention of his team of technocrats to ensure that KenPoly enjoys desirable face-lift, said the Council would deliver on its core mandates, accordingly.
Earlier, the Rector, KenPoly Engr. Dr. Ledum S. Gwarah, commended the appointment of Professor Friday B. Sigalo as Chairman of the KenPoly Governing Council.
He described him and his team as seasoned technocrats and expressed confidence in their ability to succeed.
The Rector pledged the management’s support to the Council to ensure that KenPoly resumes its rightful place in the comity of polytechnics in the country.
Facilities visited by the Governing Council include KenPoly workshops, laboratories, skills acquisition centre, library, hostels and medical centre.
Chinedu Wosu
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