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N148bn Funds For Roads: Wike Slams Buhari, APC, FG Over Deliberate Neglect Of Rivers …Says Real Madrid Football Academy Has Come To Fruition

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The Rivers State Governor, Chief Nyesom Wike, has berated the Federal Government for deliberately neglecting Rivers State in the recent release of N148billion for roads’ construction across the country.
Wike declared that the action of the Federal Government was the most shameful act of marginalisation in a federation where Rivers State contributes to the financial sustenance of the country.
The governor said this before commissioning the new Rivers State Civil Servants’ Quarters at Amassoma Street in Port Harcourt, yesterday.
He said Rivers politicians in APC should be able to plead with the Federal Government to site projects in Rivers State to expand their political relevance.
According to Wike, “The Federal Government released N148billion for the construction of roads and it did not consider one road in Rivers State. Look at the condition of the East-West Road.
“Shame on those who say they are working with the current Federal Government, but cannot protect the interest of Rivers State in that government.
“We are producing oil that finances projects in the country and the Federal Government can release N148billion for roads and Rivers State was neglected. You are working with the Federal Government and you cannot attract projects to Rivers State. Anyone who is in APC and is from Rivers State, shame on you.
“You are there; you cannot even say for my sake, help me and give me one road, so, I can go home and tell my people this is what I brought to Rivers State.
“What offence has Rivers State committed in this country that this Federal Government cannot for one day remember the state? They have our son who was their director general. If for nothing, since he was your director general, help him and do one project for his people.
“Tomorrow, you will say Rivers people should vote for you. Which vote? We won’t do that. Nobody is a slave. We are not slaves. We cannot be conquered by anybody”, Wike added.
Similarly, the Rivers State Governor, Chief Nyesom Wike has expressed happiness that the Real Madrid Football Academy has become a reality, saying that major international football stars will be groomed at the facility.
Addressing journalists, yesterday, after inspecting the Real Madrid Football Academy in readiness for the commissioning programme on Saturday, Wike said that all the facilities have been put in place for the successful take off of the academy.
“The administrator in charge of Africa and Asia for Real Madrid will be in Port Harcourt on Thursday night. Governor Seyi Makinde of Oyo State will be commissioning the project on Saturday.
“When we promised that we will set up a Real Madrid Football Academy that will help groom international stars in the area of football, so many people played politics and said that it was fake.
“We are happy that it has come to fruition. We have sent people to Madrid and they have been trained as instructors and coaches. We also sent the players of Banham Model Primary School, winners of Channels Television Kids Cup to Madrid for training. They will form the first set of students”, he said.
The governor said the development of the Real Madrid Football Academy was a confirmation that his administration was serious with keeping promises made to Rivers people.
He said that on Saturday, Nigerians will watch live on television to excellent facility that will produce the next set of international soccer stars.
Also yesterday, the governor visited the Judges’ Quarters, which would be commissioned by the administration in October, 2019.
He said: “Rivers State has provided the basic infrastructure for the Judiciary. Anybody who comes here will attest to the fact that Rivers State has provided quality infrastructure for the Judiciary to do their work as expected”.
The governor later inspected the Fruit Garden Market built by his administration after the initial market was gutted by fire.
The Fruit Garden Market would be commissioned next week.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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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

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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

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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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