Connect with us

Featured

RSG’ll Continue To Provide Best For Rivers People, Wike Assures …Commissions Orochiri-Worukwo Flyover, Aug 8

Published

on

Rivers State Governor, Chief Nyesom Wike, has said that the quantum of civil construction work undertaken by his administration in developing the state may be cost-intensive but the overall benefits remain a driving force.
Wike made the statement while inspecting some ongoing projects in Obio/Akpor and Port Harcourt City local government areas of the state, last Wednesday.
Projects inspected included the 11th flyover site at Location Junction along Mgbuoba-NTA Road, the site for the 12th flyover at Rumuokwuta Roundabout, the dualisation of Azikiwe Street-lloabuchi Road, and the sand-filled land in Ogbum-Nu-Abali Town.
Wike explained that the inspection became necessary in order to ascertain the impact the projects would have on the socio-economic life of the residents within the areas.
“One of the reasons why we came is to see the impact of the roads and the flyovers. Of course, when the valuers brought the compensation report, we felt that it was too huge. So, we decided to go and see things for ourselves.
“But when we got there, we understood that a lot of buildings will be impacted, and that requires us to compensate the owners of those houses heavily. But it is worth it in order to give Port Harcourt the facelift required and to transform the landscape of the area.”
Wike said despite the attendant cost implication of undertaking the projects, his administration has paid 80percent for the road dualisation to the contractor, Julius Berger, which is also handling the two new flyovers.
“We have been able to fulfil our part to Julius Berger Nigeria Plc. This place now (Illoabuchi Road), we have paid 80percent for the dualisation of Azikiwe Street/Ilaobuchi Road as at yesterday.
“By Monday, we want to start paying for the compensation to owners of the buildings so that Julius Berger can start demolishing the affected structures.”
The Rivers State governor appealed to the residents in the areas, particularly in Mile 2, Diobu, Port Harcourt to show understanding and endure the inconvenience they would suffer while the work lasted.
Wike expressed delight in the show of excitement by the people who throng out to meet him.
According to the governor, the various projects would create employment for a good number of youths within the areas.
“All we seek from them is the normal support they have been giving. We are happy with what we are doing. All we pray is that the residents of these areas should bear with us.
“It’s a short time of inconvenience, but at the end of the day, it is going to be to the benefit of those who are having economic activities in this area.
“In the next six months, you can imagine what will happen here. I think we made a promise to them, and like I’ve always said, every promise made will be fulfilled.”
Speaking further, Wike explained that the next round of projects’ inauguration would commence on August 8, 2022, and last for two weeks.
“From Monday, the 8th August, the Orochiri-Worukwo flyover (Waterlines Junction) will be commissioned by the Governor of Lagos State, Babajide Sanwo-Olu, while the Ogbum-Nu-Abali/Eastern Bye-Pass Road will be commissioned on the 9th August by the former Governor of Sokoto State, Aliyu Wamakko”.
Wike enjoined all well-meaning Rivers people to join the government to thank God Almighty for what has been accomplished within the tenure.
He said the capacity of his administration in inaugurating more projects while also embarking on new ones was something that has never been witnessed.
“And I think you can’t hear anything happening in most of the states. But for us, we will end our services to the people on the 29th of May, 2023.
“Like I said, no project will be left abandoned, and that is why we have taken priority to make sure that the finances are there to back up these projects. If we don’t have the money, there is no need of awarding contracts.”
On his part, the Regional Manager of Julius Berger Nigeria Plc, Juergen Fischer, promised that his company would do all within its powers to deliver the projects according to specifications.

 

Featured

Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

Published

on

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.

Continue Reading

Featured

RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

Published

on

The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

?

?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.

?

?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.

?

?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.

?

?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.

?

Continue Reading

Featured

Fubara Redeploys Green As Commissioner For Justice

Published

on

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.

Continue Reading

Trending