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Coronavirus: Automobile, Drug Manufacturers To Face Difficulty

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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.

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Niger Delta

C’River, NUJ Pay Tribute To Late Guardian Editor

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The remains of Aniete Akpan, former South-South Deputy Bureau Chief of The Guardian Newspapers, were laid to rest in Ekpeneobo, Akwa Ibom State on Friday.
Akpan, who died on August 2 at the age of 63, was buried after a funeral and thanksgiving service attended by journalists, family members, friends and community leaders.
The Tide’s source reports that the service was held at the community playground in Ekpeneobo, Esit Eket Local Government Area.
The State Governor, Bassey Otu, described the deceased as a thoroughbred professional whose contributions to journalism and the state would remain indelible.
Otu, represented by his Special Adviser on Public Affairs, Mr. Nsa Gill, spoke at the funeral, highlighting Akpan’s years of professional service in Cross River.
He said the journalist, an indigene of Akwa Ibom, had lived and worked in Cross River for years, making Calabar his second home.
The Governor’ commended Akpan for upholding journalistic ethics and maintaining balance, objectivity and fairness when sensationalism was becoming increasingly common.
“His reports gave voice to the Niger Delta, projected our developmental challenges and celebrated our people.
“Cross River has lost a friend, a bridge between the state and the media, and a patriotic citizen who used his pen to promote good governance”, he said.
Otu urged the bereaved family to alists. draw comfort from Akpan’s enduring legacy, which he said would continue to inspire younger journalists.
He also prayed for strength for the family to bear the loss.
Similarly, the President of the Nigerian Union of Journalists (NUJ), Mr Alhassan Abdullahi, described Akpan’s death as a painful loss to the journalism profession.
Abdullahi, represented by the Chairman of the NUJ Cross River Council, Mr. Archibong Bassey, said the deceased was a dedicated professional committed to information dissemination.
He said Akpan’s dedication to keeping the public informed remained an important part of his professional legacy.
In his sermon, Pastor Tunde Olaghende of Living Faith e positive legacies.

Church, Akwa Ibom State, urged Christians to live meaningful lives and leave positive legacies.
Olaghende encouraged people to be remembered for their good deeds, stressing the importance of making meaningful contributions to society while alive.
A former Independent National Electoral Commission (INEC) Commissioner, Mr. Aniedi Ikoiwak, also described Akpan as a balanced reporter whose objectivity earned him widespread respect.
Some of Akpan’s former secondary school classmates recalled their lifelong friendship with him, praising his humility and professionalism.
Akpan retired from The Guardian Newspapers before establishing his own media platform. He was based in Calabar until his death.

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Niger Delta

LGA Imposes Curfew In Delta Community Over Cult Clashes

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The Isoko North Security Council in Delta State has imposed a curfew from 7:00pm to 6:00am in Ozoro, headquarters of Isoko North Local Government Area, following cult-related clashes in the town and its environs.
The council chairman, Hon. Elder Prince Godwin Ogorugba, announced the curfew in a statement issued on Friday after a security council meeting.
The development follows recent violent clashes between rival cult groups in the area, which have resulted in renewed security concerns.
Ogorugba said the decision was necessary to restore peace and order, protect lives and property, and enable security agencies to conduct thorough operations to bring the situation under control.
According to the statement, all motorists, commercial motorcycle operators, popularly known as Okada riders, and residents of Ozoro and its environs are directed to remain indoors between 7:00pm and 6:00am daily, effective Friday, October 23, 2026, until further notice.
The council chairman appealed to residents to comply with the curfew and provide security agencies with useful information about suspected security threats.
He also directed security agencies to ensure that those involved in the cult-related violence are apprehended and brought to justice.
Ogorugba assured residents that the council was working closely with the Nigeria Police Force, the Nigerian Army and other security agencies to restore normalcy as soon as possible.
“I am using this opportunity to appeal for calm and I urge parents and community leaders to caution their wards to desist from all forms of criminality and cult-related activities”, he said.

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Delta Approves Appointment Of New Head Of Service

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Governor Sheriff Oborevwori of Delta State has approved the appointment of Mrs. Charity Ehimen as the new Head of Service (HoS).
The governor’s approval is contained in a statement signed by the Secretary to the State Government (SSG) in Asaba, Dr. Kingsley Emu, Friday.
Ehimen’s appointment was sequel to the retirement of Mrs. Minimim Oseji, who would be out of the State Civil Service on October 28.
Until her appointment, Ehimen was the Permanent Secretary attached to the Office of the Head of Service, and was previously Permanent Secretary, Ministry of Physical Planning and Urban Renewal.
According to Emu, the swearing-in of the new HoS will be announced in due course.
Earlier, the State Commissioner for Works (Rural Roads) and Public Information, Mr. Charles Aniagwu, during his post State Executive Council meeting briefing, conveyed Oborevwori’s appreciation for the outgoing HoS, Dr. Minimim Oseji.
According to Aniagwu, the Governor, who presided over the council meeting, announced a new succession policy for the office of the HoS.
He said the policy was aimed at repositioning and to bring about institutional understanding and experience in the appointment of HoS.
“Oborevwori lauded the outgoing HoS for her reforms and tenacity.
“Henceforth, whoever will succeed the HoS must spend a minimum of six months in that office as Permanent Secretary (PS) to understudy the processes and procedures in the management of the career of public officers”, Aniagwu said.
The outgoing HoS succeeded Mr. Reginald Bayoko, who occupied the office for almost nine years.
Oseji was sworn-in as the 12th Head of Service on April 10, 2025.

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