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Stop Being Unfair To Us, Move NIMASA’s Cabotage Office Back To Rivers

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The Rivers State Governor, Chief Nyesom Wike, has urged the leadership of the Nigerian Maritime Administration and Safety Agency (NIMASA) to return its Cabotage Services Department back to Port Harcourt.
The governor gave the charge when he hosted the Director General of the agency, Dr Bashir Yusuf Jamoh, on courtesy visit at Government House, Port Harcourt, yesterday.
Wike said the operations of the Cabotage Services Department of NIMASA used to be in Port Harcourt, the Rivers State capital, but was taken to Lagos without justification.
“We had a Cabotage Department here in Tombia Street (New GRA), your people moved it to Lagos. Is there any offence that Rivers State has committed against Nigeria? You may know, I don’t know of any offence any person can say we have committed.”
The governor said despite his administration procurement of gunboats for the security agencies, particularly, the police and Navy to assist them fight sea piracy and to ensure safety on the waterways for the business activities of NIMASA to thrive, the state does not get anything in return.
Wike commended new NIMASA DG for the new initiative of harnessing ocean resources to serve as alternative revenue source that will end the mono-economy status of Nigeria.
“Let me thank you as one of those who have looked into the future that Nigeria cannot continue to depend solely on one product and that is oil. There comes a time that the wells will be dry up, and when the wells are dried, what is the alternative? Is it at that time we will begin to seek for an alternative? So, you are on the right track by identifying that we should go for blue economy.”
Speaking further, Wike pledged to partner the agency in the area of human capital development and told them to consider adopting the Government Sea School, Isaka as institution to train seafarers.
“We have Sea School, Isaka in Okrika Local Government. It is a good place to train seafarers. That is the first sea school in this country.
“There is nothing wrong for you to partner with the state government to develop it. When they are trained, you can then move them as your seafarers to work in your maritime industry. Let us not abandon old things and begin to create new ones. Let’s develop the ones we have. Let us not be spending money in something that will take a long time. This will help the industry and create a lot of manpower for our people and employment.”
The governor also expressed the readiness of the state government to partner with NIMASA on its Deep Blue Project because of its potential to enhance and increase youth capacity in Rivers State.
According to him, the state government will constitute a committee that will liaise with NIMASA office in Port Harcourt on the Deep Blue Project.
Wike bemoan the failure of the Minister of Transportation, Chibuike Amaechi, to leverage on his vintage position to revive the Port Harcourt and Onne ports in order to generate employment opportunities for the youths in the maritime sector.
Earlier, the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Yusuf Jamoh, had said the agency new thinking was in the direction of divesting the country’s economy with its 10 years’ plan to develop ocean resources in the country.
Jamoh explained that his tour to the eight littoral states of which Rivers is a part of, is intended to sell the new thinking to them and the need to key into the initiative.
He urged the Rivers State Government to set up a committee to work with the agency in identifying its areas of comparative advantage in harnessing its vast ocean resources.
“The agency commenced the issue of Blue Economy to ensure that we have something that we will fall back on. Let us give ourselves at least within the next 10 years; we can be able to develop our ocean resources.”
The DG appreciated Wike’s effort in rebuilding Rivers State into reckoning with tremendous investment in infrastructure, health, education and the judiciary that have ultimately better the life of Rivers residence.

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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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