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RSG Recommits To Building Agric Sector
The Rivers State Government has said that it was committed to building the agricultural sector and utilise the huge potentials the state has for the benefit of Rivers people.
The state Governor, Chief Nyesom Wike, stated this while speaking at a seminar of the Norwegian Seafood Council at Hotel Presidential in Port Harcourt, yesterday.
Represented by his Deputy, Dr. Ipalibo Harry Banigo, Wike said, “In the face of dwindling oil prices, and the need to diversify the economy, we see a lot of potentials in the seafood industry especially post Covid-19. This is an important industry for creating employment opportunities, generate revenue and boost economic activities in our area”.
Wike, who said that Rivers State was one of the coastal states in the Niger Delta endowed with valuable seafood resources, revealed that Norway and Nigeria have had a long history of relationship and trade.
According to the governor, “Rivers State, known as the oil and gas hub of Nigeria, is open to do business in all sectors including maritime and welcome more partnerships and investments from stakeholders who wish to do business in the state”.
Wike further said, “In the effort to grow our economy, the Government of Rivers State supports making laws that work for us all, by putting laws in place to improve society’s efficiency. Hence, the assent and signing of the VAT law”.
The Rivers State chief executive, who commended the Norwegian Seafood Council for conducting the seminar in the state, stressed that stock fish was enjoyed across Rivers State by all groups, including low and high earners, while both men and women are involved in the sales in our markets.
“I believe this seminar will examine the many advantages and gains of seafood as well as anticipated support from the Norwegian Embassy in the areas of encouraging deep sea fishing, trawlers, good storage for sea products, training to grow and nurture fish production standard, fish ponds and open fish farms, use of technology and encouragement, support to artisan farmers.
“We believe that the gains for removing stock fish and stock fish heads from the list of items not valid for the FX windows far outweigh the losses if any.
“For all the reasons stated above and many more, we anticipate Federal Government and the CBN’s removal of stock fish and stock fish heads from the list of items not valid for the Central Bank of Nigeria FX window”, Wike further stressed.
In his remarks, the Ambassador Royal Norwegian Embassy, Knut Lein, who described the history of stock fish in Nigeria and Norway as fascinating, said it creates a bond between both countries, and expressed the desire to foster increased cooperation, build on bilateral relations and inform the government of Norway about the opportunities in the country.
He said, “together we could create lots of jobs”, insisting that “doing what we can to promote stock fish trade was a win-win for all of us”.
Highlights of the occasion were the presentation of papers by the Director Africa, Norwegian Seafood Council, Mr. Trond Kostveit, and other stakeholders.
The Norwegian Ambassador, Mr. Knut Lein, had earlier paid a courtesy call on Governor Nyesom Wike, at the Government House in Port Harcourt, where the state chief executive expressed the state government’s desire to continue to partner with the Norwegian Embassy to facilitate economy growth and development of both countries, and the state in particular.
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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.
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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.
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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
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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