Editorial
Release Rivers’ $1.1bn Now

If the recent judgement of a Federal High Court in Abuja, ordering the Federal Government to pay both Rivers and Akwa Ibom States a total sum of $3.3 billion is anything to go by, Rivers State will soon be well-heeled and perhaps secure more funds for infrastructural development by a whopping $1.1 billion (N456,899,206,755.68 billion at an exchange rate of N409.94 per dollar).
The court, in a judgement delivered by Justice Taiwo Taiwo, specifically ordered that $1,114,551,610 be paid to Rivers State, while another sum of $2,258,411,586 be reimbursed Akwa Ibom State, being the amount they separately claimed against the Federal Government as share that ought to accrue to them from $62 billion recovered from oil companies. The court also awarded a post-judgement interest of 10 per cent in favour of the plaintiffs until the final liquidation of the judgement.
The money is entitlements of Rivers and Akwa Ibom States, based on the subsisting decision of the Supreme Court over production sharing contracts arising from the Deep Offshore and Inland Basin Production Sharing Contracts. Taiwo delivered the judgement in Suit No: FHC/ABJ/CS/174/2021 filed by the Attorneys-General of both states against the Attorney-General of the Federation.
Recall that in 2016, Rivers, Bayelsa and Akwa Ibom States, through their Attorneys -General, had sued the Federal Government at the Supreme Court, seeking a declaration that there is a statutory obligation imposed on the Defendant pursuant to Section 16(1) of the Deep Offshore Inland Basin Production Sharing Act, Cap.D3 Laws of the Federation of Nigeria 2004, to adjust the share of the Federation in the additional revenue accruing under the Production Sharing Contracts, if the price of crude oil at any time exceeds $20.00 per barrel.
Hence, the states had asked the court to declare that the failure of the Defendant to accordingly adjust the share of the Federal Government in the additional revenue in the Production Sharing Contracts, following the increase of the price of crude oil above 20.00 per barrel in real terms, constitutes a breach of the said Section 16 (1) of the Deep Offshore and Inland Basin Production Sharing Contracts Act, and has, therefore, affected the total revenue accruing to the Federation, and consequently, the total statutory allocation accruing to the Plaintiffs.
We feel ecstatically delighted at this historic judgement and commend the court for its courage in deciding the matter in the way it has gone. Specifically, we congratulate the Rivers State Governor, Chief Nyesom Wike, on this impressive victory and his audacity in instituting the suit with his Akwa Ibom counterpart, Mr Emmanuel Udom, first at the Supreme Court, and then the Federal High Court.
Beyond the legal victory, it is hoped that President Muhammadu Buhari will graciously accept the court’s decision and act as quickly as possible. Such a response will showcase him as the democrat he has always professed to be. Besides, it will promote the rule of law and encourage many other leaders who are consistently prone to disobeying court judgements to desist from the awkward practice.
Following the judgement of the Supreme Court and in compliance with the Attorney- General of the Federation’s advice, the Defendant constituted a body to determine the respective liabilities including the amount due to oil mineral producing states as derivation proceeds. The report of that body stated among others that Rivers and Akwa Ibom States were entitled to $1,114,551,610.00 and $2,258,411,586.00, respectively, as derivation proceeds.
However, the Attorney-General, without recourse to the governments of Rivers and Akwa Ibom States, unilaterally claimed to have settled with International Oil Companies (IOCs). We reject this move to manipulate the judgement of the court by the federal authorities. This is unacceptable. The court has already ruled on the matter and anything short of that cannot stand.
If the money is promptly released, Governor Wike, known to always intervene and fix many federal projects in the state, particularly roads and building of flyovers on federal roads, will certainly utilise the funds for that objective. From the Port Harcourt-Owerri Federal Road, Port Harcourt-Aba Road, Port Harcourt-Refinery-Onne Road to Federal roads within the City of Port Harcourt: Ikwerre, Azikiwe, among others, the evidence abound. These funds running into billions of naira could have been applied to other clutching needs and concerns of the state.
It is heartwarming that this good news has come when the state is in dire need of finance to satisfy her craving for more essential and developmental projects. Consequently, a better way to utilise the money is to set out a proper plan and procedures to effectively manage it. Indeed, the government and people of the state will be better off if there is a coherent blueprint detailing how the funds should be handled to procure tangible benefits to everyone.
Since there has always been a need to enhance the lives of Rivers people and alleviate poverty in the state, we are strong on the view that the money, when released, could be used for infrastructural projects. The state is in dire need of both hard and soft projects such as proper transport systems, power generation, security, agricultural development, education, workers’ welfare, pensions and gratuities, human capital development, health care, among others. Investing in these areas will create better and longer-term value.
Known for prudently managing the financial resources of the state, it is not in question that the governor has demonstrated that good governance is feasible where there is the political will to do so. There could not be a better way of satisfying the yearnings of the Rivers people and silencing political detractors than the governor’s landmark achievements in the state through key and economically viable projects. There is a need for Wike to lay a good foundation by completing all other viable and people-oriented inherited projects from his predecessors so that his successor would have a smooth sail in governance.
Editorial
Making Rivers’ Seaports Work

When Rivers State Governor, Sir Siminalayi Fubara, received the Board and Management of the Nigerian Ports Authority (NPA), led by its Chairman, Senator Adeyeye Adedayo Clement, his message was unmistakable: Rivers’ seaports remain underutilised, and Nigeria is poorer for it. The governor’s lament was a sad reminder of how neglect and centralisation continue to choke the nation’s economic arteries.
The governor, in his remarks at Government House, Port Harcourt, expressed concern that the twin seaports — the NPA in Port Harcourt and the Onne Seaport — have not been operating at their full potential. He underscored that seaports are vital engines of national development, pointing out that no prosperous nation thrives without efficient ports and airports. His position aligns with global realities that maritime trade remains the backbone of industrial expansion and international commerce.
Indeed, the case of Rivers State is peculiar. It hosts two major ports strategically located along the Bonny River axis, yet cargo throughput has remained dismally low compared to Lagos. According to NPA’s 2023 statistics, Lagos ports (Apapa and Tin Can Island) handled over 75 per cent of Nigeria’s container traffic, while Onne managed less than 10 per cent. Such a lopsided distribution is neither efficient nor sustainable.
Governor Fubara rightly observed that the full capacity operation of Onne Port would be transformative. The area’s vast land mass and industrial potential make it ideal for ancillary businesses — warehousing, logistics, ship repair, and manufacturing. A revitalised Onne would attract investors, create jobs, and stimulate economic growth, not only in Rivers State but across the Niger Delta.
The multiplier effect cannot be overstated. The port’s expansion would boost clearing and forwarding services, strengthen local transport networks, and revitalise the moribund manufacturing sector. It would also expand opportunities for youth employment — a pressing concern in a state where unemployment reportedly hovers around 32 per cent, according to the National Bureau of Statistics (NBS).
Yet, the challenge lies not in capacity but in policy. For years, Nigeria’s maritime economy has been suffocated by excessive centralisation. Successive governments have prioritised Lagos at the expense of other viable ports, creating a traffic nightmare and logistical bottlenecks that cost importers and exporters billions annually. The governor’s call, therefore, is a plea for fairness and pragmatism.
Making Lagos the exclusive maritime gateway is counter productive. Congestion at Tin Can Island and Apapa has become legendary — ships often wait weeks to berth, while truck queues stretch for kilometres. The result is avoidable demurrage, product delays, and business frustration. A more decentralised port system would spread economic opportunities and reduce the burden on Lagos’ overstretched infrastructure.
Importers continue to face severe difficulties clearing goods in Lagos, with bureaucratic delays and poor road networks compounding their woes. The World Bank’s Doing Business Report estimates that Nigerian ports experience average clearance times of 20 days — compared to just 5 days in neighbouring Ghana. Such inefficiency undermines competitiveness and discourages foreign investment.
Worse still, goods transported from Lagos to other regions are often lost to accidents or criminal attacks along the nation’s perilous highways. Reports from the Federal Road Safety Corps indicate that over 5,000 road crashes involving heavy-duty trucks occurred in 2023, many en route from Lagos. By contrast, activating seaports in Rivers, Warri, and Calabar would shorten cargo routes and save lives.
The economic rationale is clear: making all seaports operational will create jobs, enhance trade efficiency, and boost national revenue. It will also help diversify economic activity away from the overburdened South West, spreading prosperity more evenly across the federation.
Decentralisation is both an economic strategy and an act of national renewal. When Onne, Warri, and Calabar ports operate optimally, hinterland states benefit through increased trade and infrastructure development. The federal purse, too, gains through taxes, duties, and improved productivity.
Tin Can Island, already bursting at the seams, exemplifies the perils of over-centralisation. Ships face berthing delays, containers stack up, and port users lose valuable hours navigating chaos. The result is higher operational costs and lower competitiveness. Allowing states like Rivers to fully harness their maritime assets would reverse this trend.
Compelling all importers to use Lagos ports is an anachronistic policy that stifles innovation and local enterprise. Nigeria cannot achieve its industrial ambitions by chaining its logistics system to one congested city. The path to prosperity lies in empowering every state to develop and utilise its natural advantages — and for Rivers, that means functional seaports.
Fubara’s call should not go unheeded. The Federal Government must embrace decentralisation as a strategic necessity for national growth. Making Rivers’ seaports work is not just about reviving dormant infrastructure; it is about unlocking the full maritime potential of a nation yearning for balance, productivity, and shared prosperity.
Editorial
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