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VAT Suit’ll Prove If FG Respects Rule Of Law -Wike

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Rivers State Governor, Chief Nyesom Wike has said the historic legal battle between Rivers State Government and Federal Inland Revenue Service (FIRS) with respect to Value Added Tax (VAT) collection, would demonstrate whether the Federal Government respects the rule of law or not.
The governor said the decision of the state government to seek judicial interpretation on VAT collection, was aimed at strengthening rule of law and Nigeria’s democracy.
Wike stated this when the Managing Director of BusinessDay Newspaper, Dr. Ogho Okiti led a delegation to present to him a letter of nomination as the “BusinessDay Most Impactful Governor Award” at Government House, Port Harcourt, last Monday.
The Rivers State governor commended the management of the newspaper for acknowledging the numerous projects his administration has accomplished since 2015, and added that the award was for the entire people of Rivers State.
Wike stated that beside implementation of physical projects in the state, another project that was dear to him was making sure that the rule of law was respected and applied in the country.
He explained that when the legal issue on VAT collection between the Rivers State Government and FIRS came up, some people had accused him of trying to divide the country, even when they had not bothered to take a look at the provisions in the 1999 Constitution as amended regarding the collection of VAT.
“I am happy today that the Attorney General (of the Federation) has gone to the Supreme Court to sue Rivers State Government over VAT. Now that Attorney General has gone to court, we are happy. But, nobody wants to talk about him dividing the country. It is only when Rivers State Government goes to court that they will say we want to divide the country.
“There is nothing wrong in interpreting the law. The Judiciary has been given assignment, and they took oath of office to interpret the law. If you don’t go to court, how will we know the position of the law? How will democracy thrive? How will we know that this country respects rule of law?”
The Rivers State governor revealed that even the Senior Special Assistant to President Muhammadu Buhari on Niger Delta Affairs, Senator Ita Enang, was among those that commended him for approaching the court over the VAT matter.
Wike recalled that during the just concluded Nigerian Bar Association (NBA) annual conference, Enang also commended his administration for implementing full autonomy for the state Judiciary.
He said it was, however, baffling that the same presidential aide could turn round to accuse him of treating judges badly in the state.
The governor reiterated that the Rivers State Government would not succumb to any committee set up by the Federal Government on autonomy of state Judiciary.
According to him, such committee was unnecessary, since the 1999 Constitution explicitly guarantees the independence of the Judiciary.
Wike noted that though the Federal Government tends to profess it supports autonomy of the Judiciary, but in reality, it has deliberately stifled that arm of government.
“Fake autonomy which they are brandishing for the Judiciary is not true. If the Judiciary has autonomy, go and check the status of the federal courts. If Judiciary has autonomy, would they have invaded the house of a Justice of the Supreme Court?”
The Rivers State governor said the BusinessDay award would spur his administration to do more for the people of the state, saying that he does not subscribe to the idea that governors should relent in service delivery in their second tenure.
“So many people talk about when you’re in second tenure, it is a period for you to relax, it is a period for you to take stock. I believe that it is a period for you to do more for your people, for the state.”
In his response, the Managing Director of BusinessDay, Dr. Ogho Okiti, said the governor was nominated for the award based on the newspaper’s observation of his outstanding achievements since he assumed office in 2015.

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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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