News

RSG Hails Qatar Airways Over Maiden Flight To PH

Published

3 months ago

March 4, 2022

The Rivers State Government said that it has developed and was implementing an Ease of Doing Business Policy Framework that has enhanced the development, growth and sustainability of businesses in the state.
The State Chief Executive, Chief Nyesom Wike stated this while speaking during the Qatar Airways Inaugural Fight at the Port Harcourt International Airport, Omagwa, yesterday.
Represented by his Deputy, Dr. Ipalibo Harry Banigo, the governor said “This is happening at a very auspicious time, when we in Rivers State are witnessing a total infrastructural renaissance, we are building ten flyovers, six has been commissioned three will be commissioned next month and one next year”.
Wike said Qatar Airways, choosing Port Harcourt, the Garden City of Nigeria, as a destination, would further enhance the economic activities within the region, increase the economy of the nation, and bring in foreign investments into the country.
The governor, who said he was delighted to officially receive the inaugural flight of Qatar Airways to Port Harcourt, Rivers State, thanked the Federal Aviation Authority of Nigeria (FAAN) and Qatar Airways for choosing Port Harcourt as a destination of choice.
In his remarks, Nigeria’s Ambassador to Qatar, Yakubu Ahmed, said the event would facilitate closer ties, mutual trust and trigger areas of interest between Nigeria and Qatar, noting that these connections has the potential to push the frontiers of bilateral relations towards a more robust cooperation in oil and gas.
Also speaking, the Qatar Ambassador to Nigeria, Dr. Ali Al-Hajri, who said they were proud of the occasion, disclosed that it was a bridge between Rivers State, Nigeria and the world through the Middle East, noting that it was an important effort that would make Nigeria the largest market in Africa.
Earlier, Qatar Airways Vice President for Africa, Hendrik du Perez, who expressed gratitude to the Rivers State Government for its hospitality, described Port Harcourt as an important economic hub in Nigeria, and expressed the hope that this new flight would link Rivers State to the world’s financial market and petrochemical hub.

News

LG Boss Lauds Mrs. Wike On Women’s Mentorship

Published

13 hours ago

May 25, 2022

The Tide

The Chairman of Bonny Local Government Area, Rivers State, Hon. Anengi Barasua has said that the mentorship roled played by Mrs. Suzzuest Nyesom Wike has enriched women in the State in all ramifications.

She said Justice Nyesom Wike’s display of humility and support for women was worthy for emulation.

Barasua, said this while fielding questions from journalists, at the weekend, in her office in Bonny, saying support given to the governor was enormous.

” Justice Suzzuest Wike, is a virtuous mother and role model to women, particularly in Rivers State. The women are proud of her. Her humility and inspiration she has given to women is commendable” Barasua said.

The local government chairperson urged women in authority to always emulate Mrs Wike, as she support her husband to succeed in his administration.

” I want to say an old time adage that says behind every successful man there is a woman. We have seen a real mother that has so much interest in women empowerment and deveploment.

I urge every woman in her position to emulate her and be submissive to your husbands. I also use this opportunity to felicitate with her on her birthday and wish her God protection and good health” she stated.

In another deveploment, Bonny Chairman has also congratulated all women elected in the just concluded PDP delegate and primary elections describing it as most peaceful.

She reiterated her commitment to the administration of Governor Nyesom Wike for given women more opportunity to participate in the democratic process.

News

Nigeria’s GDP Grew By 3.11% In Q1 2022, NBS Affirms

Published

17 hours ago

May 25, 2022

The Tide

The National Bureau of Statistics (NBS) has said that Nigeria’s Gross Domestic Product (GDP) grew by 3.11per cent in the first quarter of 2022.
The NBS made this known via its Nigerian Gross Domestic Product Report Q1 2022 released, last Monday.
According to the report, Nigeria’s GDP grew by 3.11per cent year-on-year in real terms in the first quarter of 2022.
The NBS noted that the development showed a sustained positive growth for six consecutive quarters since the recession witnessed in 2020 when negative growth rates were recorded in quarter two and three of 2020.
It added that the first quarter 2022 growth rate further represents an improvement in economic performance.
The NBS stated: “The observed trend since Q4 of 2020 is an indication of a gradual economic stability.
“The Q1 of 2022 growth rate was higher than the 0.51per cent growth rate recorded in Q1 of 2021 by 2.60per cent points and lower than 3.98per cent recorded in Q4 of 2021 by 0.88per cent points.
“Nevertheless, quarter-on-quarter, real GDP grew at -14.66per cent in Q1 of 2022, compared to Q4 of 2021, reflecting a lower economic activity than the preceding quarter.
“In the period under review, aggregate GDP stood at about N45.317million in nominal terms.
“This performance is higher when compared to the first quarter of 2021 which recorded aggregate GDP of about N40.014million, indicating a year-on-year nominal growth rate of 13.25per cent.
“The nominal GDP growth rate in Q1 2022 was higher relative to the 12.25per cent growth recorded in Q1 2021, and higher compared to the 13.11per cent growth recorded in the preceding quarter,” the report read.

News

RSG Launches RIV-CARES Programme …World Bank Rates Rivers High

Published

17 hours ago

May 25, 2022

The Tide

The Rivers State Government has launched the state COVID-19 Action Recovery and Economic Stimulus (RIV-CARES) Programme.
The state Governor, Chief Nyesom Wike performed the launching at the NBA Secretariat in Port Harcourt, yesterday.
Speaking through his Deputy, Dr. Ipalibo Harry Banigo, the governor said the programme was to mitigate the impact of the COVID-19 pandemic on the poor and vulnerable households and support micro and small-scale enterprises as a means of stimulating economic growth post-COVID.
According to the State Chief Executive, “the state government had signed in for the programme, made provisions in the 2022 Budget for Result Areas and signed Funds Release Policy, which is an assurance to the World Bank that funds shall be released for the implementation of the programme”.
Wike said the launching of the RIV-CARES Programme would create awareness for the people of the state and engender expression of interest by beneficiary households, communities and operators of micro and small businesses (SMEs).
The governor, who encouraged the Rivers people to take advantage of the opportunities provided by RIV-CARES to enhance their means of livelihood and reduce the spate of poverty in the communities, commended the World Bank and the Federal CARES for their support to the state.
In her remarks, the Permanent Secretary of the state Ministry of Budget and Economic Planning, Mrs. Titilola Kuna Cline, said in a bid to check the negative effects of COVID-19 pandemic on livelihoods, food security and micro and small businesses, the World Bank in partnership with the Federal Government of Nigeria and the state governments, introduced the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) Programme.
She said the state scaled through rigorous preparatory stages and qualified to participate in the programme whose objective was “to expand access to livelihood support and food security services, and grants for poor and vulnerable households and firms”.
According to her, the stages include, signing of subsidiary loan agreement and fund release policy by the government.
Others include the establishment of the RIV-CARES Steering Committee, establishment of State- CARES Coordination Unit domiciled in the Ministry of Budget and Economic Planning and preparation of work plan.
“The NG-CARES, after domestication of programme implementation manual now known as RIV-CARES programme has the State Coordination Unit (SCU) saddled with coordinating implementation of RIV-CARES programme in the state and reporting to Federal-CARES supporting unit and the World Bank in Abuja.
“It is also a bridge between the delivery platforms and the State-CARES Steering Committee and for delivery platform under three Results Areas (RA1-3).
Cline listed the three areas to include cash transfer unit, labour intensive public works and community-driven development social (CDD-S) Plus.
The rest are, FADAMA and Small and Medium Enterprises (SMEs).
Also speaking, the representative of the World Bank, Mr. Aso Vakporaye, said the programme must succeed in order to kick out poverty from the state in view of the fact that failure to kick out poverty would make life difficult for the entire citizenry.
He, therefore, thanked the governor for making it possible for Rivers State to participate in the programme.
Similarly, the World Bank and the Federal Government have rated Rivers State high in the implementation of the COVID-19 Action Recovery and Economic Stimulus scheme by the state government.
Representative of the World Bank Task Team Leader, Mr.Aso Vakporaye said this, yesterday, in Port Harcourt at the official flag offand implementation of the Rivers State COVID-19 Action Recovery and Economic Stimulus (RIV-CARES) Programme in the state.
Vakporaye, who is also the chairman of the Federal Government’sFederal-CARES Technician Committee,confirmed that Rivers State has met the requirements for the implementation of the programme.
He said alot still remains to be done,adding that the state needs to release more money for the implementation of the programme.
Also speaking, theTechnical Head of State CARESCoordinating Unitand Secretary,RIV-CARESSteering Committee,Mrs Imaonyeni Ephraim, said the programme would improve the livelihood of the poor and vulnerable people in the state.
She said the programme, which runs for two years,was open to many beneficiaries.
The flag off was performed by the state Deputy Governor,Dr.Ipalibo Harry Banigo, onbehalf of Governor Nyesom Wike.