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2023: No Identified Treasury Looter’ll Be Rivers’ Gov, Wike Cautions …Vows To Prosecute Amaechi, Cole …As RSG, Julius Berger Sign Contract For Two Flyovers, Azikiwe-Iloabuchi Road

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Rivers State Governor, Chief Nyesom Wike, has declared that Rivers people were resolved to resist individuals who have looted assets of the state from presiding over them as governor.
The resolve, Wike pointed out, was predicated on the desire to safeguard the state from those who were only interested in looting the commonwealth of Rivers people.
Wike made the assertion, yesterday, shortly after signing the contract for the construction of the 11th and 12th flyover bridges, and the dualisation of Azikiwe Street-Illoabuchi Road in Port Harcourt, between the state government and Julius Berger Nigeria Plc at the Rivers State Executive Council Chambers, Government House, Port Harcourt, yesterday.
The Rivers State governor said such looters were desperate to cover their track of crime and Rivers people would not allow such people who do not have the interest of the state at heart to take over its affairs.
“This state must be guarded. We cannot allow people who don’t have the interest of this state to take over the affairs of this state; people who have looted the treasury of the state clearly.”
Wike explained that genuine lovers of the state should be the ones presenting themselves to serve the state as governor not looters.
The governor pointed to former governor of Rivers State and Minister of Transportation, Chibuike Amaechi; and the All Progressives Congress (APC) Rivers governorship candidate, Tonye Cole, as persons clearly identified to have looted the state.
“They can run helter-skelter to stop their arraignment, but they must be arraigned and tried. What Rivers people will hear, Rivers people will be shocked to know what the former governor of the state and minister did in this state with his partner, Tonye Cole.
“If they (Amaechi and Cole) like, let them bring 500 Senior Advocates of Nigeria, they will face the trial. So that Nigerians will hear, Rivers people will see how this state was looted.
“Anybody can be governor, but not those we have identified that have looted the state’s treasure. If we can do 12 flyovers from 2019 to now with the little amount of money we are getting, imagine what the previous administration would have done.
“If the previous administration that had a lot of money had done them, we would have concentrated on other things. But we are still working within the city to change its landscape.”
Wike remarked that his style of politics and governance was clearly different from other politicians who take the people for granted and hardly fulfil promises they make.
He maintained that the good of Rivers people and the state remain the priority of his administration, which was why more projects were still being awarded as he prepares to leave office on May 29, 2023.
“So, we are very proud that this administration has kept all the promises made to the people. So, it gives us joy. Some people would have said: why not go with the money.
“But I asked, how much money can you make? What can you amass as against the interest of the people? So, for us, we are very happy, and anybody who is working with this administration can carry his shoulder high that we have made a difference as far as governance is concerned.”
Speaking further, Wike explained that payment for some of the ongoing projects has almost be completed with the inauguration of more projects in view.
“We have finished paying for the first phase of the Trans-Kalabari Road. We have finished paying for the dualisation of Bori-Kono Road. We have finished paying for the Ada George- Rumuepirikom flyover. We have almost finished paying for the first phase of Ahoada Road.”
Wike told the construction company, Julius Berger Nigeria Plc, that excuses would not be tolerated from them because 80percent of the contract sum has been released to the company with the monthly N2billion irrevocable standing order of payment.
The governor also commended leaders of the state for the immense support that they have given to his administration to succeed.
In his speech, Managing Director of Julius Berger Nigeria Plc, Dr. Lars Richter, said the contract they have signed with the Rivers State Government was for two new flyover bridges that would be completed in 10 months, and the dualisation of Azikiwe Street-llloabuchi Road in six months.
“You set on your own record of 10 flyovers, but now, you beat your own record to make it 12 flyovers. I think that this is big challenge but you will surmount. We have completed and commissioned six flyovers.Three more are near completion stage; one ongoing, which shows the confidence that the state government has in Julius Berger Nigeria Plc.”
Earlier, the state government and Julius Berger Plc had signed contract for the construction of the 11th and 12th flyover bridges as well as the dualisation of Azikiwe-Iloabuchi Road in the Diobu axis of Port Harcourt.
The contract was for the construction of Rumuokwuta/Rumuola Flyover, Mgbuoba/Ada George (Location Junction) Flyover, as well as the dualisaion of Azikiwe-Iloabuchi Road.
Attorney-General and Honourable Commissioner for Justice, Prof. Zacchaeus Adangor, SAN, Honourable Commissioner for Works, Dr. George-Kelly D. Alabo, and the Permanent Secretary of Ministry of Works signed the contract papers on behalf of Rivers State Government, while the managing director of Julius Berger and its South-South coordinator signed on behalf of the construction giant.
The 11th flyover sited at Rumuola/Rumuokwuta Junction is 1.007km, while the 12th flyover at Location Junction is 927m.
Azikiwe Street-Iloabuchi Road dual carriage way is 1.03km x 2.
The flyover projects are expected to be completed in 10 months, while the dualisation of Azikiwe-Iloabuchi Road would be achieved in six months.

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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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