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Level Of Work On Bodo-Bonny Road

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The Federal Government says the Bodo, Opobo and Bonny road project under construction was almost the biggest project being undertaken by the President MuhammaduBuhari-led administration across the country with about N200billion committed to the execution of the project.
The government also lauded the progress of work done so far on the project by the constructing firm, Julius Berger Nigeria Limited.
The Minister of Works and Housing, Babatunde Raji Fashola stated this when he paid an inspection visit to the project site, yesterday.
The inspection was designed to ascertain the level of work done so far on the on-going Bodo-Bonny Road project comprising the construction of 37.9km single carriageway with major and mini bridges spanning about 300meters in length.
The inspection terminated at the Ataba section of the project in Andoni creek of the Rivers State.
Fashola said the Federal Government was committed to ensuring that the project was delivered and completed as approved, saying that funding was not a problem.
According to him, one out of the three major bridges and four mini bridges have been completed, adding that massive engineering work was ongoing across the project site.
The minister averred that the Federal Government was investing almost N200billion on the project, adding that when the project is complete, it would improve the fortunes of the people, communities, state and the country at large.
He described the project as historic and memorable, noting that the project was conceived since 1980, before the present administration took bold steps to commence construction,adding that he was elated to ride on the road from Bodo to the Ataba creek.
“It is a tremendous thing, so historic and memorable to see that the people of Bodo, Ataba and Bonny will be linked by road. I must commend President MuhammaduBuhari for leading the Federal Executive Council (FEC) to approve this road project which is almost the highest project being executed by the Federal Government.
“Funding is not a problem, so, we shall go back to see where we lost time and increase our manpower and technology to make up the lost period. We are striving to ensure that the project is delivered as scheduled for 2022 deadline”, he stated.
Fashola used the opportunity to thank the NLNG for its role in the execution of the project through the tax waiver policy of the Federal Government.
He also lauded all the host communities for their role in ensuring that the project succeeded, even as he assured the Ataba community that the request of linking the road to their community would be done when the major road was completed.
Also speaking on behalf of the engineers handling the project, Engr E. U. Udoh, who gave a summary of the project, said the road has three major bridges at Afa creek, with 502metres long at Opobo channel bridge, 1.198metres long, Nanbeie creek bridge 782m long, one pipeline crossing bridge, 204metres long, while the nine mini bridges have a total of 348metre length.
He disclosed that the project has provided 659 direct jobs and 182 indirect jobs to both host communities and other youths from the country, adding that the completed stretch of the road has provided easy access for the residents to their farms, schools and health centres as well as reduced travel time and costto Afa creek jetty.
Also speaking, the Okanma of Ataba community, Chief Benson Egwenre, expressed happiness with the ongoing project being executed by the Federal Government, adding that the road would impact and improve both economic and living conditions of host communities.
The monarch while commending the Federal Government over the huge project, appealed for the extension of the roadtoAtaba community.

By: Akujobi Amadi

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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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