Featured
Corruption: FG Shielding Amaechi From Prosecution, Wike Alleges
The Rivers State Governor, Chief Nyesom Wike, has accused the All Progressives Congress-led Federal Government of shielding the Minister of Transportation, Chibuike Amaechi, from prosecution over alleged misappropriation of proceeds from the sales of some of the state’s assets.
Stating this, last Wednesday, during the commissioning of 6.1km long, 7.3m wide Omuihuechi-Omuoko-Omokiri link road in Aluu, Ikwerre Local Government Area, Wike said it was disingenuous for the Federal Government to flag off narrow gauge rail line from Port Harcourt to Maiduguri at a time when the rest of the world was building standard gauge rail lines.
“I heard people came to Rivers State to flag off narrow gauge (rail) when the world is talking of standard gauge. What they are giving Rivers State is narrow gauge because I challenged them to show us what they have done for the people of the state.
“So, what they will do is to come and say okay, since you are complaining, let us come and give you that narrow gauge.
“Instead of giving us the standard gauge to Maiduguri over which they are making noise, Rivers State, the Treasure Base of the Nation, the state from which they got the money to produce their President, it’s towards the end of their administration that they come and tell us of narrow gauge rail line”, he said.
The governor also stated the unlikelihood of the Federal Government accomplishing the rail project in 33 months as promised, noting that unlike the Federal Government, he would complete all projects he started before leaving office.
“You want to finish the narrow gauge in 33 months. will he (Amaechi) be in power then? I am going to finish every project I have awarded”, Wike said.
The State’s Chief Executive further noted that it was appalling that the Federal Government has continued to shield the minister from prosecution for his inability to account for $308million from the sales of the state-owned power plants and other critical assets when he was the governor of Rivers State.
According to him, “it is because the Federal Government is protecting the minister that he has consistently made efforts to undermine the state government by influencing who is posted as commissioner of police and General Officer Commanding (GCO) of the Nigerian Army to Rivers State.
“People gave you opportunity. You sold our properties, everything. And people are talking in this state because of the government that says they are fighting corruption and protecting people. You (Amaechi) sold our property for $308million, and kept for us $208,000. That is the kind of people parading themselves in government, for a government that says they are fighting corruption, shame”, he declared.
Wike, therefore, urged the people of the state not to be deceived by the antics of the APC following the flag-off of the narrow gauge rail line from Port Harcourt to Maiduguri, saying that the project flag-off was politically motivated.
On his part, the state Commissioner for Works, Elloka Tasie-Amadi, said the Omuihuechi-Omuoko-Omokiri road before the administration of Governor Wike, was a well-established nightmare for residents and road users.
He explained that the reconstructed road, which is 6.1km long, and 7.3m wide, was complete with drains on both sides, measuring 12.2km.
“This road is of immense benefit to the three communities it is named after: It is also of benefit to residents and people of Choba community, it is of benefit to the students and staff of the University of Port Harcourt, it is of benefit to land and home owners in this area, It is of benefit to real estate developers within and around Aluu”, he added.
Featured
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.
Featured
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.
?
?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.
?
?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.
?
?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.
?
?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.
?
Featured
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.
-
Politics1 day agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Rivers1 day ago
Rivers Police Commissioner Condemns Vigilante Group Over Aluu Attack
-
Politics1 day ago
Bayelsa APC Endorses Tinubu For Second Term
-
Politics1 day ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Business1 day ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Business1 day ago
Cashew Industry Can Generate $10bn Annually- Association
-
Rivers1 day ago
KALCCIMA Inaugurates New Executive Council … Pledges Renewed Drive For Kalabari Economic Growth
-
Sports1 day agoJ And T Dynasty Set To Move Players To Europe
