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RSG Debunks Receipt Of N78bn Refund From FG …Dissolves Taskforce On Illegal Street Trading, Motor Parks …Pulls Out Of FG’s Public Works Programme

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Rivers State Government has debunked the misconception that it has received N78 billion refund from the Federal Government.
The State Commissioner for Information and Communications, Pastor Paulinus Nsirim, made the clarification yesterday in a Radio Programme.
Pastor Nsirim explained that there is a huge difference between approval and release of funds.
“As at today, the Rivers State Government is yet to receive the N78 billion. There is so much misconception out there. There is a difference between approval and release of funds.
“When the money is released it cannot be a secret because in government circles such an information cannot be hidden.
“Let me state categorically that if the money is received today, it will be made public. So, this idea of peddling propaganda that the money has been received by mischief makers is quite unfortunate,” he stated.
He also used the opportunity to clear the air on the questions being asked in several quarters over what the State Government needs more loans for when it has N78 billion, saying, “you cannot plan with what you do not have.”
The Commissioner also assured Rivers people that when the refund is finally received, the State Government would use it judiciously for the benefit of the people.
“If the refund is received they can always count on Governor Nyesom Wike to use it judiciously to increase the infrastructural development of the State.
In another development, the State Government has approved the dissolution of the State Taskforce on Illegal Street Trading and Motor Parks with immediate effect.
A statement signed by the Commissioner for Information and Communications, Pastor Paulinus Nsirim said “consequently, the Special Assistant to the Governor in charge of the Task Force, Mr. Bright Amaewhule has been relieved of his appointment”.
The statement continued that “members of the Taskforce are hereby directed to return the operational vehicles and Identity Cards of the body to the Office of the Secretary to State Government not later than 4pm tomorrow, Wednesday, August 12, 2020.
“They will be paid their salaries as they return the vehicles and Identity Cards. Government will reconstitute the Taskforce after proper orientation and training”.
Meanwhile, the Rivers State Government has pulled out of the Special Public Works Programme of the Federal Government where 774,000 unskilled Nigerians were supposed to be employed.
Nominee of the Rivers State government in the committee, Erastus Awortu, made the decision of the state known in a letter addressed to the Minister of State for Labour and Productivity, Festus Keyamo, SAN.
Awortu, who is also the Special Adviser to Governor Nyesom Wike on NDDC, alleged that the implantation of the programme, which was designed to employ 1,000 persons per local government area, has been hijacked by the All Progressives Congress (APC) in Rivers State.
The Rivers State nominee described the Special Public Works Programme as a scam.
Awortu said in the letter, “At the beginning, some guidelines were set on how the slots should be shared among the various interest groups. The various interest groups are 35 and have representatives in the committee but unfortunately, that is not being done by the committee. The guidelines are not being followed.
“The committee has been asking people to process their applications but we found out that they also gave out forms to APC members in the state. Which means they already know those they will shortlist for the programme and they are only stressing other people to apply. They are doing that to justify that due process is being followed but that is not the case.
“I find it very misleading and as the representative of the governor, I will not be part of that kind of process where the populace will be made to apply for what is not available. It is an absolute scam.
“Accordingly, I want to say that since the slots are not defined as per the guidelines that the state is willing to allow the programme be run fully as an APC empowerment programme for their members and cease to be part of it forthwith,” Awortu said.
The Chairman of the Special Public Works Programme in River State, Dr Innocent Barikor, had on a radio programme over the weekend in Port Harcourt, said the committee had no plans to undermine the state government in the implementation of the programme.
According to the letter made available to The Tide, Awortu copied the Rivers State Governor, Chief NyesomWike and the Chairman of the Public Works Programme, Dr Innocent Barikor, in the withdrawal letter.

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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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