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Wike’s 2nd Term Inauguration: RSG Unveils Activities …Wike Pledges Focus On Security, Agriculture
The Rivers State Government has confirmed that preparations are now in top gear to ensure a befitting second term inauguration of Chief Nyesom Wike as governor of Rivers State and Dr Ipalibo Harry Banigo as Deputy Governor of Rivers State, on May 29, 2019.
It would be recalled that May 29, 2019 would also mark the 4th anniversary in office of the Wike administration.
A statement signed by the state Commissioner for Information and Communications, Barrister Emma Okah, yesterday, indicated that the events would start on Thursday, 23rd May, 2019, with a variety night with the governor at Dr Obi Wali International Conference Centre at 7pm.
“This will be followed Friday, 24th May, 2019 by a novelty football match at Sharks Stadium at 4pm.
“A Thanksgiving Church Service will come up on Saturday, 25th May, 2019 at the Yakubu Gowon Stadium (formerly Liberation Stadium), Port Harcourt at 9am,” the statement said.
According to the statement, “A public lecture and book presentation will hold on Monday, 27th May, 2019 at Dr Obi Wali International Conference Centre, Port Harcourt at 10am
“On Wednesday 29th May, 2019, the Inauguration will hold at Yakubu Gowon Stadium, Port Harcourt at 10am while the Inaugural/4th Anniversary Banquet (restricted to invited guests) will take place later in the evening at the Banquet Hall of Government House, Port Harcourt at 7pm,” Okah added.
Meanwhile, the Rivers State Government has advised the numerous beneficiaries of the various Rivers State interest-free loans to be prudent with the money given to them to advance and expand their businesses in order to improve their living conditions.
This advise was given in a statement issued by the state Commissioner for Information and Communications, Barrister Emma Okah, in Port Harcourt, yesterday.
According to Okah, so much was expected of the beneficiaries of the traders and young entrepreneurs loan scheme because the bedrock of any economy was the active participation of small scale players in the economic chain of any society.
The commissioner explained that the state Governor, Chief Nyesom Wike believed that the private sector should be encouraged and given a boost to drive certain sectors of the economy as it was impossible to engage everybody in the public sector of the state.
“It is for this reason that the state government approved the interest-free N500million doctors’ loan; N100million monthly revolving interest-free loan to civil servants; N200million revolving interest-free loan to traders and young entrepreneurs”, Okah said.
“The successful performance of these loans will give the necessary vigour and translate to a positive economic growth for the good of the people and our state”, Okah added.
It would be recalled that the state government had earlier paid the sum of N500million to women petty traders to support their businesses.
Similarly, the governor had also given some N200,000 to N300,000 to each of the traders at the Fruit Garden Market in D/Line area of Port Harcourt, whose shops were razed by fire late last year.
Some of the traders, who were affected by the inferno got higher grant while he government also gave financial support to those who trade along the road and were not affected by the unfortunate fire outbreak.
Meanwhile,the Rivers State Governor, Chief Nyesom Wike has stated that his administration would focus on security and agriculture during his second term.
Addressing journalists after projects’ inspection, last Monday, Wike added that his administration would also continue to develop the education and health sectors.
The governor said, “We believe that security is important and we believe that agriculture is key to making sure that we take our youths away from the streets.
“While we are continuing with education and health, security, agriculture and environmental sanitation will be given priority attention.
“Port Harcourt must not continue the way it is. People trading on the streets make Port Harcourt dirty. Cleaning up the city will be a special project. We will not allow Port Harcourt to continue to be dirty.”
Wike said that his administration would be very decisive on stopping street trading in the state capital and its environs.
The governor said during his first term, the administration started from the beginning because it was laying foundation which was absent at the time he took over.
Wike inspected the Real Madrid Football Academy, Judges’ Quarters and the Fruit Garden Market.
He expressed satisfaction with the quality of work done at the project sites, adding that the projects would be commissioned after his inauguration for the second term.
The governor took out time during the projects’ inspection to interact with school children near the Real Madrid Football Academy and the Fruit Garden Market.
Meanwhile, the Rivers State Governor, Chief Nyesom Wike has sacked the Commissioner of Power, Hon Shedrach Chukwu.
The governor directed the sacked commissioner to submit all government documents and property in his possession to the permanent secretary of the Ministry of Power.
This was contained in a statement by the Governor’s Special Assistant on Electronic Media, Simeon Nwakaudu, last Monday evening.
It would be recalled that the governor had before now, suspended some commissioners, including those of works, finance, among others, for non-performance.
He had also sacked some for the same reason, warning that his administration would not tolerate appointed officials who were not ready to deliver on their assigned mandates to meet the yearnings of Rivers people.
Susan Serekara-Nwikhana
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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Fubara Redeploys Green As Commissioner For Justice
The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
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