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Consider Oil Theft Treasonable Offence, Wike Tells Military

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Rivers State Governor, Chief Nyesom Wike has said that it was time the Nigerian state considers the damage caused by activities of crude oil thieves to the economic mainstay of the country and treat them as treasonable offenders.
The governor also stated that the fight to stop oil theft has continued to fail because top ranking officers of the military were deeply involved in it.
Wike made the observation when he hosted the Chief of Air Staff, Air Marshall Isiaka Oladayo Amao on courtesy visit at Government House, Port Harcourt, last Monday.
The governor noted that it was not only the wastage of the economy that was being witnessed, but the degradation that the environment also suffers as a result of that and impact negatively on rural communities in Rivers State in particular.
“You know this bunkering cannot stop; let’s be serious about it, everybody is involved. The military is involved. Police is involved. The Nigeria Civil Defence Corps is involved. If not, there is no way bunkering can continue. It’s a terrible thing.
“I don’t know, whether we should take the issue of bunkering to even be more serious than treason. If you go around and see what has happened to our environment, you’ll have pity on us.”
Wike also tasked members of the military task force deployed to arrest illegal oil bunkerers and find better and environmentally-friendly way to destroy bunkering sites in the state.
He said when they blow-up and set those sites on flame, they increase soot in the atmosphere that have become another grave environmental concern in Rivers State.
“If there is another civilised way to go about it, so that while you’re doing the right thing, let us not die. You should find another way to reduce this soot. Unfortunately, we have no helper. On the other hand, we continue praying to God to touch the minds of these bunkerers.”
Commenting on the war against insurgency, Wike commended the military for the success that they have achieved in reducing the level of carnage Boko Haram and bandits have caused in parts of the country.
But the governor noted that greater success can be achieved by deploying more military strategies, than engaging in media publicity.
“Let me also thank you for what you are doing about the insurgency fight in the country. I do believe that strategy is very key in the fight against insurgency. It is not publicity.
“When you’re winning a war, the people will feel it. When people are secured, you don’t need to go to television to tell them that they’re secured. They’ll know from the environment that there are a lot of changes going on, and that is the way Nigerians believe that, yes, we are winning the war against insurgency.”
Wike pointed out that the prevailing peace in Rivers State was achieved because of the existing cooperation between all the heads of security agencies with the state government.
According to him, Rivers people were comfortable and feel safe in their communities, and they can go about their normal businesses without the undue molestation from outlaws.
Wike also assured the Nigerian Air Force of continuing the existing cordial relationship between it and the state government that started from the administration of Dr. Peter Odili.
The governor also urged the Nigerian Air Force to deploy the two armoured helicopters donated to them by the Rivers State Government to the state, in order to improve surveillance in the fight against criminality.
In his speech, the Chief of Air Staff, Air Marshall Isiaka Oladayo Amao said he was on operational visit to 115 Special Operations Group in Rivers State, and decided to pay courtesy visit to the governor, who has contributed immensely to the functioning of their base in Port Harcourt.
Amao commended the governor for the good work he has continued to do in Rivers State in terms of provision of infrastructure.
“We commend you for being able to contain the security situation in the state. Rivers State has been a very peaceful state. That is why, most at times, I and the service chiefs have to focus on other places with much problems.
“The governor is able to achieve this state of peace because, from the brief I got from my officer, he has been a very good coordinator and also assisted the security agencies in the discharge of their duties.”
Amao also thanked Wike for the financial support that was given to families of officers that died in the line of duty in the state.

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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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