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Rivers State Governor, Wike Attributes Success Of Urban Renewal To Financial Prudence

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Inspection of ongoing projects in rivers state by His Excellency Nyesom Ezenwo Wike con GSSRS POS African Governor of Rivers state on the 30th of June 2020.

Rivers state Governor,  Chief Nyesom Ezenwo Wike says his urban renewal programme in the  state is successful because of financial prudence by his administration

The governor also said 10 hectares dredged land located opposite the NLNG head office will be developed to further enhance the aesthetics of Port Harcourt city under the  urban renewal programme.

Speaking with journalists after the inspection of on-going shore protection work at the sandfilled land,  governor Wike said it is amazing to have recovered such land that once served as a hideout for criminals.

He said though a decision has not been taken on what activity to approve on the land,  Julius Berger construction company has been asked to start the provision of infrastructure that can serve for residential or commercial purposes.

 

“Everybody knows that the place used to be mangrove area that served as criminals hideout opposite the new NLNG head office, but we were able to reclaim it.

“The work men are doing a good job there, it is not less than 10 hectare of land, and it is a very lucrative site for everybody who wants to carry out productive activity. We are also happy that we are now doing the shore protection.

“We have asked Julius Berger to  go there for the provision infrastructure so that tomorrow if it is for residential,  mixed development or commercial, we know that the infrastructure is already provided,” he said.

Governor Wike who also inspected an abandoned six storey former Riv-Insurance building near the Isaac Boro Park flyover, said the property would be rehabilitated.

“We went to Aba Road to see a property that was abandoned for over twenty years. What we are doing now is to bring it back to what it is supposed to be.

“At the new GRA, we are making sure that the roads are completed as promised the people and they are handled by Julius Berger construction company. You can see that Port Harcourt has changed because of the various construction works.

“The urban renewal programme is a great success as far as we are concerned.  So many people are asking to know where we are getting the money when there is covid-19.  What’s important to us  is management. When once you know how to manage resources,  you will not have problems. We are also impressed with the reaction of the people,” he added.

The governor also said the last five years of his administration has been remarkably successful because of the help of God.

He recalled how the former governor of the state had mocked that there would not be money anywhere for him to pay salary and to provide infrastructure but he had surpassed it and the people are not disappointed too.

The governor also inspected the Elelenwon street and the Woji Road in the new GRA.

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Tribunal Verdicts, Affirmation Of People’s Trust In Us – Fubara

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Rivers State Governor, Sir Siminalayi Fubara, has described the judgment of the Governorship Election Tribunal that upheld his election victory as a confirmation of the trust expressed in him by Rivers people.
This was contained in a statement signed by the Senior Special Assistant on Media to the Governor, Boniface Onyedi, in Government House, Port Harcourt.
At a brief thanksgiving service held at the Chapel of Everlasting Grace, Government House, Port Harcourt on Monday night, which was attended by some members of the State Executive Council and political leaders, Fubara restated his commitment not to betray the expectations of Rivers people on his administration.
He explained that the place of God in his administration would not be compromised, which is why they had gathered to thank Him for His unceasing direction and guidance.
He added that his emergence as governor was made possible at the polls by God, insisting that His favour has now been affirmed by the tribunal.
Fubara particularly thanked the immediate past Governor of Rivers State and Minister of Federal Capital Territory (FCT), Chief Nyesom Wike, for his immense support to his governorship bid, following through the stages of the legal contest.
He also thanked the Rivers people for rallying behind him to allow the will of God to prevail for the State.
The governor, who solicited for more support, enjoined Rivers people to be patient with his administration, promising to deliver good governance that will make their lives better.
In his exhortation, the Chaplain of the Chapel of Everlasting Grace, Government House, Port Harcourt, Rev. Barasin Ogan, said it is good to give God thanks, which is what the governor has done.
Ogan declared that the hand of God is upon Fubara and will strengthen him to work in mercy, delivering justice without bias and showing mercy without ceasing.

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Senate Warns Tinubu Against Extra-Budgetary Spending

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The Senate Committee on Gas has urged President Bola Tinubu to present a 2023 Supplementary Budget to the National Assembly to commence his Compressed Natural Gas (CNG) project.
Chairman of the Committee, Senator Jarigbe Jarigbe made this known in a statement in Abuja, yesterday, barely 48 hours after Tinubu announced measures to mitigate the effect of fuel subsidy removal on Nigerians.
The chairman, who lauded Tinubu for the CNG initiative, however, warned that it would be illegal to spend taxpayers’ money or money without approval by the National Assembly and other projects in the gas value chain, which is cheaper than the use of fossil fuel.
The federal lawmakers also advised against extra-budgetary expenditure through ‘Ways and Means,’ saying the legislature is ready to support and bring succour to Nigerian people.
“The noble initiative will ameliorate the hardship of the citizens. Also, the President needs to come up with a supplementary budget to enable the government to fund the gas value chain, including the provision for CNG infrastructure and CNG vehicles, and the workshops and training would need to be funded,” the senator said.
“The President should not embark on extra-budgetary expenditure because it will be inconsistent with the provisions of the law”, he cautioned.
Jarigbe noted that the National Assembly, under the leadership of Senator Godswill Akpabio, was poised to support the great programmes of Tinubu’s administration, adding that a 2023 supplementary budget would be most appropriate, instead of the ‘Ways and Means’ approach of the previous administration, which is currently a major issue of contention in the Central Bank of Nigeria.

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NDIC Begins Payment Of N16bn To 20 Defunct Banks’ Shareholders

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The Nigeria Deposit Insurance Corporation (NDIC) has announced the declaration of N16.18 billion in liquidation dividends to depositors, creditors, and shareholders of 20 banks in liquidation.
The announcement comes after impressive recoveries from debtors and realisation of assets of banks in liquidation.
The corporation’s Director, Communication and Public Affairs, Bashir Nuhu, made this known in a statement on Monday.
The NDIC said it had commenced verification and payment of stakeholders covered by the declarations within 30 days, starting from September 28.
The statement reads partly, “It is instructive to note that the ongoing payment is sequel to earlier payment of various sums which cumulatively amounted to N45.45bn as liquidation dividends in respect of the 20 banks as at July 2023.”
The closed banks covered by the exercise include Liberty Bank, City Express Bank, Assurance Bank, Century Bank, Allied Bank, Financial Merchant Bank, Icon Merchant Bank, Progress Bank, Merchant Bank of Africa (MBA), and Premier Commercial Bank.
Others are North South Bank, Prime Merchant Bank, Commercial Trust Bank, Cooperative and Commerce Bank, Rims Merchant Bank, Pan African Bank, Fortune Bank, All States Trust Bank, Nigeria Merchant Bank, and Amicable Bank in-liquidation.

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