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FG Committed To Dev Of N’Delta, Buhari Assures …As Wike Seeks Urgent Completion Of East-West Road
President Muhammadu Buhari says the Federal Government is committed to fast-track the development of the Niger Delta region.
Buhari stated this during the 4th National Council on Niger Delta in Port Harcourt, last Friday.
Represented by the Minister of Niger Delta Affairs, Senator Godswill Akpabio, the President, said the Niger Delta region has suffered a lot of deprivation despite the huge commitment of the Federal Government to change the face of the region and give the people a new lease of life.
He said the completion of the East-West Road which was a priority of his administration, has been handed over to the Ministry of Niger Delta Affairs, adding that the road would be completed by the end of 2021 or early March, 2022.
According to him, “as stakeholders, some of the issues that must engage your minds as you deliberate in this meeting today should relate to economic diversification, fostering economic growth, eradication of extreme poverty, promoting social inclusion, creating of jobs and taming environmental degradation”.
Buhari, who commended the Rivers State Governor, Chief Nyesom Wike, for the hospitality he extended to delegates of the 4th National Council on Niger Delta, expressed delight with the relative peace in the region.
In his opening remarks, Rivers State Governor, Chief Nyesom Wike, who spoke through his Deputy, Dr. Ipalibo Harry Banigo, said the Niger Delta was the region that produces the bulk of the wealth on which the nation depends for its development, but regretted that the region was largely characterized by endemic poverty and gross under-development, which he attributed to the denial of a fair share of development resources, economic investments and basic social infrastructures by the Federal Government.
Wike said the minimal progress in the region was attributable to the efforts of the respective state governments, stressing that because of limited resources and technical capacity, the level of progress remains slow throughout the region, much to the discomfort and chagrin of the people.
“When we complained about the resources denial, they reluctantly ceded 13 per cent oil mineral revenues derivation fund to the states to address all the inherent and associated environmental and development challenges that we face”, Wike stressed.
According to the state chief executive, “we complained of lack of Federal Government’s development projects and attention, they gave us the Niger Delta Development Commission (NDDC) and the Ministry of Niger Delta Affairs with nebulous mandates to drive and meet the developmental needs of the region”.
He further said, “When the youths protested against the neglect, marginalisation and the expropriation of the regions’ resources, they, again, responded with a placatory Presidential Amnesty Programme (PAP) to nip the increasing militancy and restore normalcy, so, oil production activities can continue unhindered”.
Wike insisted that, “If the Federal Government can fund Abuja-Kaduna-Zaria-Kano Road, Lagos-Ibadan Expressway and the 2nd Niger Bridge from the Sovereign Wealth Fund (SWF), then, there is no reason why the East-West Road, which is critical to the progress and development of the Niger Delta region cannot benefit from this opportunity. I, therefore, call on the Federal Government to urgently fund the completion of the East–West Road”.
The governor revealed that “the reality is for the people of the Niger Delta region to put our development fate in our hands, instead of waiting for the Federal Government, which is interested much more in our petroleum resources than our progress and prosperity”.
Wike also said that the agitation and demand for fiscal federalism, economic, environmental and development justice for the Niger Delta region was just, legitimate and compelling, adding that “it is a struggle we must continue and win by the Grace of God, in the interest of our region and the survival of our people”.
In his address, the Minister of Niger Delta Affairs, Senator Godswill Akpabio, who commended Wike’s developmental strides in the state said, “I have seen the flyovers in Rivers State, very high quality and the roads, we are proud to be associated with the efforts going on in Rivers State, irrespective of the political party. All we are interested in is development, as hunger has no political party, unemployment has no political party, decayed infrastructure has no political party; any infrastructure done by government should be appreciated”.
It would be recalled that the National Council on Niger Delta (NCND) is the highest advisory body for the initiation and formulation of policies, programmes and strategies to achieve accelerated socio-economic development of the nine Niger Delta states.
The theme for the 4th National Council on Niger Delta was: “Achieving Uncommon Development in the Niger Delta Region: The Road Map and Strategy”.
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
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
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
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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