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Wike Lists Reasons Investors’re Rushing To Rivers

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Rivers State Governor, Chief Nyesom Wike, has said that his administration’s huge investment in basic infrastructure would serve as catalyst for rapid economic growth of the state.
The governor, who would be conferred with “Distinguished Award in Infrastructure Delivery” in public service by President Muhammadu Buhari, today, said his investment in major infrastructure has increased the economic viability of Rivers State.
Wike stated this after inspecting the progress of work at the world-class, Dr. Peter Odili Cancer and Cardiovascular Diagnosis Treatment Centre, Rumuokwuta, as well as the Rumueprikom and Nkpolu-Oroworukwo flyover bridges, last Wednesday.
The Rivers State governor noted that lack of basic infrastructure, such as good roads that can reduce the cost of goods delivery, facilitate the physical mobility of people and products, had been the bane of investment flow in parts of the country.
He said with the huge resources committed to expand the road network in all parts of Rivers State, and enhanced security in the past seven years under his administration, the state has become attractive to investors.
“First of all, those who are giving me the award, they must have gone round and certify that this is one person that deserves the award. I appreciate.”
Wike said he was elated that Julius Berger had been able to complete the Dr Peter Odili Cancer and Cardiovascular Diagnosis Treatment Centre within the 12 months stipulated in the contract signed with the Rivers State Government.
“You remember last year, sometime in June, the Minister of Health, Dr OsagieEhanire, came to lay the foundation for the Dr Peter Odili Cancer and Cardiovascular Diagnosis Treatment Centre, and I said to Julius Berger, you must complete this project within 12 months, and that was the contract signed.
“To the glory of God, that project, the first of its kind, was achieved in record time. It’s record breaking. To complete such a project within 13 months is unprecedented.
“Not only have they completed it, it could be the best anywhere you can find it in the world.
“It’s so amazing that we can have such project in Nigeria. So, what that tells you is that with commitment, there is nothing impossible for us to give to our people.”
The governor noted that when the hospital would eventually be inaugurated, residents of the state and other Nigerians would be spared the agony of travelling overseas for cancer and cardiovascular treatment.
“So many people die because of all kinds of cancer diseases. So many people die because of all kinds of heart-related diseases, because there is nowhere to go to.
“These are areas that are very expensive in medicine. What we have done now is, at least, to give our people opportunity not just for diagnosis, but also for treatment.”
Wike disclosed that the Rumuepirikom and Nkpolu-Oroworukwo flyover bridges would be among the several other projects that would be inaugurated by November.
“The 8th and 9th flyovers are also ready for commissioning. Within the first week of November, we will take another two weeks of commissioning several projects that have been completed;so many projects that touch the lives of our people and have economic impact.”
The Rivers State governor reiterated that he would not abandon any project started by his administration for his successor to complete.
Former Ekiti State Governor, AyodeleFayose, who accompanied Wike on the inspection, said the projects were enduring legacies that would outlive the Rivers State governor.
“These legacies are eternal. They will outlive him (Wike) physically, and you see these things will speak for him forever. This is unprecedented and I want to make clarification between having resources and doing something with the resources.”

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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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