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Wike Pledges N500m To Support Sokoto Rebuild Burnt Market

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The Rivers State Government has pledged N500million to support the Sokoto State Government rebuild the Sokoto Central Market that was gutted by fire, last Tuesday.
Part of the money would also be used to support victims of the devastating fire that destroyed goods worth billions of Naira.
The Rivers State Governor, Chief Nyesom Wike, made the pledge on behalf of the state government during a visit to the Sokoto State Governor, Hon Aminu Tambuwal, last Wednesday.
Wike, who was conducted round the destroyed market by Tambuwal, said he was saddened by the devastating fire that razed over 60 per cent of the 16,000 shops in the market.
“We have come here to commiserate and sympathise with our brother, our friend and the good people of Sokoto State on what had happened to one of the biggest market in this country, the Sokoto Central Market.
“When I got the information last night, I was touched and I said as brothers, what affects you affects us. What affects Sokoto State affects Rivers State.”
The Rivers State governor, who empathized with the traders over the loss of their goods worth billions of Naira, thanked God that no life was lost in the disastrous inferno.
“There is nothing you can equate with life. That there was no life lost; we give glory to the almighty Allah. Having come here, I’ve seen the level of destruction, it is unfortunate. People have lost their goods; the state government will have to see how this market will be brought back to the way it is supposed to be.
“We sympathise with you. We identify with you and we know the negative effect on the economy of the various families; families who depend for day to day trading and sales of their goods.”
Wike expressed his appreciation to the various security and paramilitary agencies that prevented the fire from destroying the entire market.
He pledged that the government of Rivers State would support Sokoto State to rebuild the market and ameliorate the plight of the traders with N500million.
“On behalf of the government and the people of Rivers State, we will support the Sokoto State government to see how quickly they can rebuild this market” he added.
In his response, the Sokoto State Governor, Hon Aminu Tambuwal thanked Wike and the people of Rivers State for the kind gesture.
Wike also paid a courtesy visit to the Sultan of Sokoto, Muhammad Sa’ad Abubakar in his palace to commiserate with him over the demise of his junior brother, Hon. Abdulkadir Jeli Abubakar, who was Sokoto State commissioner for home affairs.
In his response, Sultan of Sokoto, Muhammad Sa’ad Abubakar, acknowledged the age-long relationship between Sokoto and Rivers State, and lauded Wike for sustaining it.
He explained that Wike’s visit and pledge to support Sokoto State was a demonstration of what Nigeria is and should be.
The Sultan further commended Wike for his remarkable developmental stride in Rivers State.
“I commend you and congratulate you for all what you have been doing for Rivers State in particular, because we have seen a lot of infrastructure being put in place and that is why they call you Mr Project in Rivers.
“You have just some few more years; please, do much more so that nobody will beat you when he takes over from you”.
Similarly, the Sultan lauded Tambuwal for his judicious management of the state resources which earned the state a World Bank grant under the State Fiscal Transparency, Accountability And Sustainability (SFTAS) programme.

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FG Approves 4 New Channel Management Firms For Seaports

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The Federal Executive Council (FEC) has approved four new channel management companies for seaports across the country in a move aimed at improving vessel navigation and port operations.
Speaking at the recently concluded Annual General Meeting of the Nigerian Association of Master Mariners (NAMM), former General Manager, Marine and Operations, Capt. Ebubeogu Ihenacho, disclosed that there would be changes in the ownership of the Lagos Channel Management Company Limited and the Bonny Channel Management Company.
According to Ihenacho, the four channels serving Nigeria’s major port clusters will have different channel management companies as approved by the FEC.
He said a new company had been approved to manage the Lagos port channel, with a change of name, while the Calabar Channel would be managed by the Calabar Channel Management Company.
He added that Bonny Channel Management Company had also undergone a change of ownership.
On the Warri Channel, Ihenacho said the Federal Government had approved China Harbour Engineering Company (CHEC) and two other companies to form a consortium to manage the Escravos Channel.
He said: “For Warri, it was approved for China Harbour Engineering Company, CHEC, and two other companies, who would now form a consortium.
That consortium will now form a Special Purpose Vehicle (SPV) with the Nigerian Ports Authority to manage the Escravos Channel.”
Recall that the management of the NPA had declined to renew the concessions of the Lagos Channel Management Company Limited and the Bonny Channel Management Company, opting instead for six-month extensions of the existing arrangements.
By; Enoch Epelle
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RIRS Warns Against Unauthorised Tax Collection

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The Rivers State Internal Revenue Service (RIRS) has warned motorists, transport operators and business owners against paying taxes, levies or charges to Unauthorised persons and organisations, insisting that only the Service and its duly appointed agents are legally empowered to collect taxes on behalf of the state government.
The Service gave the warning in a public notice dated October 21, 2026, signed by its Executive Chairman, Sir Israel O. Egbunefu, FCTI, in which it clarified that the Rivers State Ministry of Transport was not authorised by the state government to collect road tax or any other tax, levy or charge from motorists and transport operators.
RIRS also specifically disowned Explore Strategic Alliance Ltd, located at No. 7 Rumuodaolu Market Road, Port Harcourt, declaring the company had not been appointed or authorised by either the state government or the Service to collect Motor Vehicle Transport (MOT) tickets or any other tax on its behalf.
The revenue agency consequently cautioned members of the public against making payments to the company or any of its staff, stressing that anyone who ignored the warning would do so at their own risk.
It reaffirmed that only the legally authorised agency responsible for tax collection in Rivers State and the appointed agents that would carry out such duties in accordance with the law.
The Service urged taxpayers to demand official identification from anyone claiming to be its tax agent and verify the person’s credentials directly with RIRS before making payments.
It further warned that individuals or groups found impersonating tax consultants, agents or their representatives to collect Unauthorised taxes would be arrested and prosecuted in accordance with the law.
RIRS also called on members of the public to report suspicious persons and activities relating to Unauthorised tax collection to the Service for appropriate action.
The agency advised taxpayers seeking clarification or assistance to visit any of its offices or contact it through its official email address, info@riversbirs.gov.ng.
The Service reiterated its commitment to protecting taxpayers, promoting voluntary compliance and safeguarding the integrity of tax administration in Rivers State.
By: King Onunwor
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Bayelsa consumers Groan  Over Inflation As Traders Remain Helpless Over Low Patronage 

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Consumers and traders at the Swali ultramodern market in Yenagoa, capital of Bayelsa State have continued to groan over high prices of commodities and poor Patronage due to cost-push inflation.
The Tide reports that in the past weeks prices of goods and services in Yenagoa metropolis has experienced increase.
Notable services like transportation have also increased  lately due to increase in the pump price of fuel that has recently further exacerbated inflation in the prices of staple foods like rice, beans, garri and others.
Speaking with The Tide on a market survey, a trader, Mrs Tovie Barakabo said a bag of bean which sold between N120,000-N130, 000 now goes for N140,000-N145,000.
Mrs Barakabo also hinted that the only commodities whose price has not gone up was price of millet which sells N60,000, while big bag of garri now sells for N30,000.
The Tide further gathered from other inside Source that 25 litres of Kings cooking oil currently sells N75,000 as against the former price of N57,000.
Other commodities such as delicious vegetable oil  now goes for N68,000, Pure vegetable oil currently goes for N66, 000, while spaghetti is now N18,800 per bag.
The market survey also discovered that Sonnia tomato mix sells N75,609, while a big and small basket of fresh tomatoes are sold for N30,000 and N6,500 respectively.
A disappointed custom, Mrs Juliet Domo who fielded questions from The Tide expressed her worries over the inflation, calling on government to take decisive stands against inflation.
By: Ariwera Ibibo-Howells, Yenagoa
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