Niger Delta
Coronavirus: Automobile, Drug Manufacturers To Face Difficulty
An Economist and senior lecturer in the Department of Economics at the Rivers State University, Prof Ayodele Momodu, says automobile and drug manufacturers will face difficulty over the coronavirus pandemic.
Prof Momodu in an exclusive chat with The Tide yesterday in Port Harcourt opined that since China and USA are leaders in automobile and pharmaceutical manufacturing, hence anything that affects their economy will crash production in the two sectors.
My own problem is China because they produce 90 percent of our imported drugs, including automobile parts so it will definitely affect us here,”Prof Momodu said.
He explained that since production has slumped over the past two months, availability of products will be scarce in the developing countries. Besides, he stated that prices of such products would go up and lead to more demand.
On the other hand, he expressed fears that the N1.1 trillion bailout fund released by the Central Bank of Nigeria(CBN) last week might not have the desired effect as the economy is still import-dependent.
Though he hailed the action of CBN, he expressed fears that if the fund was not properly channeled it would further plunge the economy to more stress and shocks, as the spread of the coronavirus continues to make in-roads to other parts of the country.
The bailout would have been effective if we had a productive sector. But here how many of the factories are working . The import content is huge and so you discover that the money will end up flying to other countries,”Momodu said.
He, however, argued that though the injection was salutary to stabilise the economy and reduce shock of the coronavirus pandemic across the world, he nonetheless was of the view that there should be factors that should be provided to drive the economy to ensure that the few local producers are encouraged to produce without shutting down.
Momodu recommended that the fund should be targeted to agriculture sector and farmers. In addition, he submitted that small and medium enterprises should be assisted to continue production since any shock may affect the economy.
Commenting on the reduction of fuel pump price by N20 as a result of the slump in oil price, Prof. Momodu said such was expected since the economy rely on oil. He urged the authorities to effect the price cut, as failure would affect the cost of transport which in the long run may affect the price of goods and services.
News
King Jaja Impacted Beyond Rivers -Deputy Gov
Rivers State Deputy Governor, Professor Ngozi Odu, has poured accolades on late Amayanabo of Opobo, HRM Dandeson Douglas Jaja V, saying his footprints went beyond the State.
Speaking during a condolence visit to the wife of the late king, Prof. Odu said the late monarch contributed meaningfully beyond the shores of Rivers State.
“He contributed not only to Opobo, not only to Rivers State, but to Nigeria as a nation. We all know the various positions he held until his passing. For us as a Commission, we are really going to miss him greatly, especially at this time when his guidance was most needed,” she stressed.
She described the late king as a distinguished traditional ruler whose life and service contributed immensely to the development of Rivers State and Nigeria at large.
The deputy governor, who also serves as Chairman of the Rivers State Boundary Commission, noted that until his demise, King Jaja was an Ex-Officio member of the Commission, representing Rivers South East Senatorial District.
According to her, the late monarch actively participated in several meetings of the Commission and played an important advisory role.
“He actually participated with us in a couple of meetings. It was with great shock that we received the news of his passing. We saw daddy as someone who was very strong, healthy and athletic,” Prof. Odu said.
Prof. Odu explained that the Commission relied heavily on the wisdom of traditional rulers like the late monarch to ensure that its responsibilities were carried out properly and conscientiously.
She assured the family of the Commission’s continued support, saying they will remain close to the family throughout the burial arrangements and beyond.
Addressing the widow, Queen Prudence Dandeson Douglas Jaja, Prof. Odu said the visit was to commiserate with her and encourage her during the period of mourning.
“Please accept our condolences. Please be strong and put your hope in God. The God who watches over widows will never abandon you,” the deputy governor prayed.
“We cannot question God. What has happened has happened. All we can do is to pull ourselves together. That is why we are here to pray that the Holy Spirit will strengthen you, that God will turn your sadness into joy and clothe you with a garment of beauty,” she added.
Responding, Queen Jaja described her late husband as a gentle, humble man who was deeply committed to the progress of Rivers State, and Nigeria at large.
She expressed gratitude to the deputy governor and other members of the Boundary Commission for identifying with the family in their moment of grief.
“We are praying that his soul will rest in perfect peace. I thank you very much for coming to console me at this trying moment. Seeing you here has given me comfort. God bless each and every one of you,” she said.
She also offered prayers for the delegation, wishing them a long life and good health.
Highlight of the visit was the presentation Letter of Condolence from the Rivers State Boundary Commission to Queen Jaja.
Kevin Nengia
Niger Delta
Former Bursar Savours Leadership Merit Award
The former Bursar of Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Dr Davis Ojima, has expressed delight over the Leadership Merit Award recently presented to him by Ohiauga Community in Igburu Clan in Ogba/Egbema/Ndoni Local Government Area of Rivers State, describing it as a befitting crowning moment in his life.
Dr Ojima, who made the remarks while speaking with newsmen shortly after receiving the award, said it was an endearing milestone to be considered by his community for that rare honour, and expressed gratitude to the community for recognising his modest contributions to the development of the area.
The former Bursar, who is still in active public service, noted that the honour done to him came at a time when he least expected it, and thanked God for the rare privilege, as well as providing him the opportunity, the enabling environment and zeal to contribute his quota to the development of the area.
Dr Ojima, therefore, assured the people that he would remain committed to promoting peace, unity and sustainable development initiatives in the community.
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