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Wike Challenges FG On Foreign Loans …As Mimiko Inaugurates Rumuola Flyover

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Rivers State Governor, Chief Nyesom Wike said that Nigeria has enormous resources, if well managed, can change, not only the fortunes of the country but the life of every Nigerian.
He has, therefore, challenged the Federal Government to show evidence where it has deployed all the money borrowed from external creditors.
Wike made the challenge at the inauguration of the Rumuola Flyover Bridge that was performed by the former Governor of Ondo State, Dr. Olusegun Mimiko, yesterday, in Port Harcourt.
The governor stated that his administration was propelled by love and commitment to service, which was why it is working assiduously and deploying the state’s resources judiciously, for the good of Rivers people.
“It is very clear that governance is not by magic. It is all about commitment. It’s all about your love for your people and your country.
“This country has enormous resources to change the lives of our people. Nobody should give excuses. Like we would always say, if you don’t have it, you don’t have it.
“So, all these stories that you borrowed money from here, and there, let us see what the money is being used for. If we borrowed money, we are showing Rivers people what we used that money to do.”
Wike said he is preoccupied with the duties of governance and rendering service to the people who elected him.
According to him, his best reply to the opposition is the evidence of the quality projects that his administration has continued to deliver.
It is clear to them, he said, that the Peoples Democratic Party (PDP) controlled state government has performed creditable well.
Aside the numerous roads completed and ongoing, Wike explained that his administration has within two years period delivered nine flyover bridges, which are handled by Julius Berger Nigeria Plc.
“This government has done well. This PDP government has done well.
“Our contractor is Julius Berger Nigeria Plc. We are competing with Federal Government that is using Julius Berger. Ask them how much it is to pay Julius Berger.”
He further continued: “None of these flyovers cost us less than N7billion. Now, the average of N7biilion into nine and the other roads done by Julius Berger Nigeria PLC and the quality they give; I’m happy and proud to associate myself with a company that gives the best as far as construction is concerned. I can move about in this state and country proudly.”
Speaking further, Wike warned criminal elements who steal manhole covers on major roads and on the flyovers bridges to desist from their nefarious activities.
He described those criminals and their sponsors as enemies of the state because they are sabotaging the good works that have been achieved to make motoring pleasurable with the state’s resources.
“Let me warn those who steal the cover of the manholes. You know when you take actions, people bring ethnic colouration. Those of you who are stealing the cover of manholes, if you like come from anywhere, if anybody want to sabotage us, we will tell you how saboteurs are treated.
“We cannot do this road construction and you come to sabotage us by stealing to disappoint us, to make people have accident.”
Wike also spoke about the need for his successor to be one who will not only sustained the current pace of development but outperform him.
He pointed out that such person must rise above selfish pedestal and be ready to defend, and protect the interest of the state against all odds.
Performing the project inauguration, former governor of Ondo State, Dr. Olusegun Mimiko, said that Wike has proved himself worthy his sobriquet: “Mr. Projects!”.
According to him, those who feel unsettled by Wike’s words and actions cannot take away the fact that he conceives projects, plan projects, delivers projects because he loves projects.
“Some see governance or being in government as an end in itself, you have deployed your limitless energy, by these accomplishments, to demonstrate that governance is a means to an end; the improvement of the lives of our people.”
Mimiko also spoke about the need to restructure Nigeria because it was an imperative means to a just, more productive and more prosperous nation.
He noted that restructuring is also about policies and actions towards getting Nigerian children off the streets into schools for the right kind of education.
According to him, it is also about improved subnational accountability in tackling youth unemployment and general alienation and many more.
“It is also not about Niger Delta oil and gas alone. After all, with the present state of climate change consciousness and concomitant investment in renewables, fossil fuels may sooner than later become truly fossil and out-dated.
“It is about ensuring that all our God-given minerals, e.g., Gold in Zamfara or Osun is optimally exploited for the people, and not unaccountably, by, and for a few elites and their rampaging foreign collaborators.
“It is about a decentralized security architecture that will ensure nimble, versatile, accountable and optimally responsive formations.”
Providing the description of the project, Rivers State Commissioner for Works, Hon. Elloka Tasie-Amadi said the Rumuola Flyover Bridge project that was awarded on July 2, 2020, to Julius Berger Nigeria PLC was completed by August, 2021.
Tasie-Amadi pointed out that within the period the civil works lasted, there were road closures, traffic diversions, grid locks, deployment of equipment and workers.
He also stated that there were inconveniences caused to commuters, support from many good people, particularly the community, and of course payments to the contractors but all of that are over.
“This flyover measures 532m from ramp-to-ramp with the suspended section being 292m long. Service lanes on either side of the bridge are 8.3m wide and 858.4m long. The entire project is adorned with street lighting and traffic control fixtures.
“The foregoing are all visible including the 24 piers under the bridge (24 columns if you may).”
Tasie-Amadi said, before the project commenced, there was only a single carriage bridge which became grossly inadequate for the volume of traffic.
“To address the situation,” he said, “a second bridge was built, service lanes completely reconstructed and expanded and all elements required to ease commute and pedestrian activities were incorporated into the project. That also included but not limited to refurbishment of the old bridge and adjoining streets.
“Please, permit me to cease this opportunity to urge road users and the relevant agencies to ensure compliance with codes and strict adherence to road and traffic signs erected around the area, most notable amongst these are signs which make it unlawful to stop on the bridge and high speed lanes and which require that all commercial vehicles use only the service lanes. The bridge is essentially off limits to commercial vehicles”, he added.

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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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