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Govs Still Sidelined In NDDC Affairs, Wike Laments

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The Rivers State Governor, Chief Nyesom Wike, says despite the inauguration of the advisory council of the Niger Delta Development Commission (NDDC), oil producing state governors are still sidelined in the affairs of the intervention agency.
The governor noted that because the governing party dictates what happens in the NDDC, the commission now acts like a state on its own and refuses to interface with the governors of the oil producing states to strategically develop the Niger Delta region.
He stated this when members of the House of Representatives Committee on NDDC led by its Chairman, Hon Olubunmi Tunji-Ojo, paid him a courtesy visit at the Government House, Port Harcourt, yesterday.
Wike explained that contrary to assumption that governors of the Niger Delta were critical stakeholders in the affairs of the NDDC, they are not in the true sense of it.
According to him, since the inauguration of the NDDC advisory council last year, the present Federal Government has ensured that the governors are sidelined in the affairs of the commission.
“Even when we are inaugurated, we were not involved in anything that happens in NDDC, which is most unfortunate.”
He further added, “NDDC is like a state on its own without working with the state government and why is it so. It is so because the states of NDDC are controlled by the opposition party, therefore, there is no need to consult with them.”
The governor explained that in a bid to ensure NDDC does not embark on indiscriminate execution of projects that often distort the state developmental agenda; the Rivers State Government recently obtained a court order that prohibits the commission from carrying out projects without the consent of the state government.
Wike urged the National Assembly to be resolute in its oversight function by ensuring that the NDDC stops frittering the resources meant for the development of the Niger Delta region on building roads in Army barracks, police stations and spending billions of Naira to ensure he did not win election.
The governor stated that NDDC and the Rivers State had once agreed to collaborate on a legacy project, but the commission ended up defrauding the state government.
“NDDC fraudulently duped us over the Mother and Child Hospital. They duped us. They had an agreement with the state government to build a regional hospital called Mother and Child Hospital. They agreed that it will be N1.7billion: state government to bring N800million, they will bring N900million.
“The state government at that time paid their N800million. NDDC mobilised the contractor with N400million of the N800million we brought and then abandoned the contractor and the contractor left site. And when we came on board, we said okay, we don’t want to partner with you again, give us back our N400million, it became a problem. Politics came in. “
The governor said he will continually speak out for the interest of the people of Rivers State.
According to him, within one year, he has awarded contracts for construction of eight flyovers, and on Wednesday, approved over N16billion for the development of critical infrastructure in the Rivers State University.
“I want the best for my people. They have given me everything in life, so, I owe them. It is not what I will make, they have already made me. So, what do I offer back.”
He urged the National Assembly to ensure that planned amendment of the Electoral Act will usher in a new era of free and fair elections.
He insisted that, “there cannot be development without good governance. There cannot be good governance without the rule of law. Good governance without the rule of cannot work.”
Leaders of the delegation and Chairman of the committee, Hon Olubunmi Tunji-Ojo explained that the purpose of the visit was predicated on the fact that Wike was a principal stakeholder in the affairs of NDDC.

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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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