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PHCCIMA Strengthens Ties With NDDC On SMEs’ Growth, Others

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It was yet another milestone achievement as the Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA) and the Niger Delta Development Commission (NDDC) have strengthened their collaboration on the development of Micro, Small and Medium Scale (SMEs) businesses, trade missions and trade fair participation, among other things.
Speaking at the courtesy call on the Interim Management of NDDC in Port Harcourt, PHCCIMA President, Sir Mike Elechi, explained that PHCCIMA was the recognised leader of organised private sector in Rivers State, and one of the approved four premier Chambers of Commerce in Nigeria under the platform of Nigerian Association of Chambers of Commerce.
He added that the chamber has the only approved international trade fair status, and also hosts the international trade fair, approved by the Federal Ministry of Industry, Trade and Investment for the region.
According to him, “PHCCIMA’s main objective is to promote growth and development of business activities in a conducive environment in the state and Niger Delta region which could be realistic through partnership with government and private sector organisations to execute our people-oriented programmes and make businesses thrive in the state, hence our visit here today is hinged on the age-long recognition of the chamber to NDDC as an interventionist agency saddled with the responsibility of developing the people of the region”.
Elechi, who is also the CEO of Vintage Farms and Products Ltd, intimated the commission on some identified areas of partnership, including micro, small and medium scale business development, saying that the chamber consist of MSMEs, and SMEs representing all sectors of the national economy.
He said that it was for this reason that it was partnering with NDDC on the above development programme to serve as the needed catalyst in developing viable business ventures across all sectors within the region with huge availability of raw materials for small scale cottage industries in the region.
He maintained that youth entrepreneurship and capacity development programme will help in addressing youth restiveness in the region and mentioned that they had successfully collaborated with the Presidential Amnesty Programme (PAP) in the past to deliver re-orientation and exhibition programme in Port Harcourt, adding that with their wealth of experience and partnering with NDDC would be focusing on human capital development with emphasis on entrepreneurship development to addressing restiveness and reducing unemployment rate.
The National Productivity award winner also added that trade missions participation is one of the major area they would like collaboration with the NDDC to accommodate and promote wider range of participation of government officials, captains of industry and community leaders to also widen their business horizon, even as he proposed to partner the commission in profiling and recommending qualified members across the region to access low interest and collateral free loan from the NDDC micro-finance bank to boost their various businesses.
Elechi further used the medium to woo the commission to participate on the December 6 to 20th Port Harcourt International Trade Fair, which according to him, has become a unique meeting point for Nigerian and foreign businesses policy makers, industrialists, manufacturers, suppliers as well as offering opportunities for investment and trade promotion.
In his response, the Interim Administrator of Niger Delta Development Commission (NDDC), Dr. Effiong Okon Akwa, thanked the PHCCIMA president and his team on their programmes which are targeted at the development of the Niger Delta region.
He maintained that NDDC was a corporate member of PHCCIMA, and has had representative at the chamber’s events in the time past, just as he used the visit to announce the renewal of the NDDC membership commitment as well as desire to participate in the forthcoming Port Harcourt International Trade Fair and exhibitions.
The NDDC boss promised to partner with PHCCIMA in all their request, including youth entrepreneurship and capacity building, trade missions participation and growth of SMEs, positing that SMEs plays important role in the development of the economy, even as he noted that government cannot employ all the labour whereas SMEs are the highest employer of labour to take away the heat from the government.
The event, which took place at the Conference Hall of the NDDC Headquarters, had in attendance the PHCCIMA President, Sir Mike Elechi, the 2nd Deputy President, Hon. Charles Beke; Treasurer, Surveyor Emmanuel Ogbonda; Publicity Secretary, Pastor Uche Onochie; Elected Council member and Chairman of Trade Missions Desk, Mrs. Florence Nwosibe; Chairman, Economic and Commercial Trade Group, Dr. Maraizu Uche; Chairman, Power and Energy Trade Group, Engr. Tony Nwogbo; the Director General, and Mr. Erasmus Chukunda.

By: Nelson Chukwudi

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Independence Anniversary:  Nigeria Is A Failed Grandfather – Monarch 

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A first class traditional ruler in Rivers State, His Royal Majesty, King Aaron Ikuru, has described Nigeria at 65 as a grandfather who cannot provide leadership to other African Countries.

The monarch  stated this in an interview at his palace in Ikuru Town, yesterday.

According to him, Nigeria would have been a  developed country to set the pace in the whole of Africa, considering its numerous resources.

“Nigeria is a grandfather but not behaving as a grandfather. Our country, Nigeria, before and from the era of Independence was in the state of becoming a great country, but unfortunately is not becoming anything.

“We should be far ahead with what we have in the country. God blessed us, we have almost what it takes in terms of mineral resources, manpower amongst others that can drive speedy development in the country.

“If we’re able to harness all the things we have, even America by now would have respected us”, he  said.

While blaming the past leaders of the country, the monarch called on the current leadership of the country to redouble efforts in order to narrow the differences in terms of development, exchange rate between naira and foreign currencies.

King Ikuru, who is also the Chairman of Andoni Area Traditional Rulers Council, however, lauded the efforts of the founding fathers, past leaders of the country for the achievements so  far.

He also expressed optimism that Nigeria would be great, calling on the opinion leaders to shun tribalism and political intolerance in the country.

 

“If Nigeria should experience rapid development in all sectors, it means we must shun tribalism and political intolerance, the interest of our country must be our priority.

“We need to fight corruption vigorously, and leaders must show good example of discipline and integrity”, he said.

The monarch used the opportunity to wish Nigeria happy independence anniversary.

By: Enoch Epelle 

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FG begins payment of N32,000 pension increment to retirees – PTAD

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The Pension Transitional Arrangement Directorate has announced the start of implementation of the new pension increments for pensioners under the Defined Benefit Scheme, saying the adjustments will be reflected in the September 2025 payroll cycle.

In a statement signed by Management and posted on its X handle, PTAD said the increase package includes a fixed N32,000 payment alongside percentage increases of 10.66% and 12.95% for eligible categories, which will benefit about 832,000 pensioners under its management.

Recall that PTAD in August announced President Bola Tinubu approved a series of measures, including new welfare benefits for pensioners under DBS.

The approval follows a formal request by PTAD’s Executive Secretary, Tolulope Odunaiya, seeking an emergency budgetary allocation to implement pension reforms and welfare benefits for the scheme’s retirees.

The measures include a N32,000 pension increment, percentage increases for pensioners of defunct and privatised agencies, pension harmonisation for all DBS pensioners, enrolment into the National Health Insurance Scheme, and the settlement of long-standing unfunded pension liabilities.

In a statement yesterday, PTAD said the partial release of N820.188 billion by the Federal Ministry of Finance from the emergency funding has made it possible for pensioners to begin receiving the enhanced payments immediately.

The statement read, “Further to the President’s approval of the emergency budgetary allocation for the payment of the new pension increment rates for Pensioners under the Defined Benefit Pension Scheme (DBS) that was earlier published by the Pension Transitional Arrangement Directorate on Friday, 8th August, 2025, the Directorate is delighted to announce the commencement of the implementation of the 832,000, 10.66% and 12.95% pension increment for eligible pensioners under the management of PTAD, in the September 2025 pension payroll cycle.

“This achievement has been made possible through the partial release of 820.188 billion by the Federal Ministry of Finance, from the initial 845 billion emergency funding approval granted by the Federal Government.

“This milestone clearly reaffirms the Federal Government’s dedication to safeguarding the welfare and entitlements of DBS Pensioners in line with the Renewed Hope Agenda.”

The directorate thanked President Bola Ahmed Tinubu for approving the emergency allocation.

It also acknowledged the role of the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; the Minister of State for Finance, Dr Doris Uzoka-Anite; the Accountant-General of the Federation and key presidential aides and parliamentary committees for their “timely interventions” and support.

The statement also expressed appreciation to organised pension groups, including the Nigeria Union of Pensioners and the Federal Parastatals and Private Sector Pensioners Association of Nigeria, for their cooperation during negotiations and implementation planning.

“We further assure all our DBS Pensioners and Stakeholders that the Directorate will continue to collaborate with the relevant authorities towards release of the outstanding approved funds and subsequent fulfilment of all future obligations relating to the pension increments and the landmark reforms,” the statement added.

The DBS covers pensioners who retired before the introduction of the Contributory Pension Scheme in 2004, including those from defunct public institutions, privatised agencies, and treasury-funded parastatals.

Over the years, many have faced irregular payments, delayed harmonisation, and inadequate healthcare access, challenges that the new reforms are expected to address.

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Nigeria At 65: NOA urges citizens to foster unity, progress

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The National Orientation Agency (NOA) has urged Nigeria. citizens to remain united, peaceful to enhance development of the  nation  as it celebrates 65th independence anniversary.

Mr Mkpoutom Mkpoutom, Director of NOA in Akwa Ibom,  gave the charge in Uyo yesterday while addressing newsmen and stakeholders to mark the anniversary.

Mkpoutom said it was essential to recognise that the strength of Nigeria lay  in its diversity

“With over 250 ethnic groups and an array of languages, the nation embodies a unique blend of heritage.

“This diversity should be seen not as a dividing line but as a unifying force that propels the country toward progress.

“As Akwa Ibom embarks on another year,  it is crucial for all citizens to foster a sense of unity and shared purpose.

“Embrace dialogue, understanding and collaborate with the Renewed Hope Agenda of President Bola Tinubu in its efforts to addressing pressing challenges like poverty, security, education, and healthcare, thereby paving  way for a brighter future for all.”

The state director, however, appealed to Nigerians from all walks of life to renew their commitment to a more prosperous, peaceful, and equitable nation.

“Let this anniversary serve as a reminder of the collective strength that lies in every citizen,” he said.

He urged everyone to contribute positively to the development of a better society.

Mkpoutom urged the people and all citizens to honour the labours of heroes past, as they celebrated the present, while working diligently toward a future filled with hope and opportunities for generations to come.

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