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Give Desired Urgency To VAT Suit, Wike Tasks S’Court …As Rivers Marks Nigeria’s 62nd Independence Anniversary
Rivers State Governor, Chief Nyesom Wike, has appealed to the Supreme Court of Nigeria to give the case before it concerning the collection and distribution of Value Added Taxes (VAT) generated from the state by the Federal Government the urgency it requires.
Wike made the appeal at the march past and parade in commemoration of the 62nd Independence of Nigeria at the Sharks Football Stadium in Port Harcourt, last Saturday.
He explained that such urgency and eventual ruling of the case in favour of the state, would further add more financial resources that would accelerate the economic growth of Rivers State.
“We have also not given up in our determination to right the injustice associated with the collection and distribution of Value Added Taxes generated from the state by the Federal Government just as we, again, call on the Supreme Court to please, treat this matter with the urgency it requires.”
Wike said since 1999 that the country returned to democracy, it has continued to witness deliberate constitutional distortions, institutional weaknesses and widespread corruption that have prevented Nigerians from enjoying a robust democratic practice.
He listed the absence of a free and fair elections, the rule of law and social justice as part of experiences that are refused to take root in Nigeria.
“This is not to say that Nigeria has not made any progress as a nation. Certainly, we have achieved some visible developmental strides and economic progress as Africa’s largest economy.
“The fact that we have remained together despite the recurrent conflicts and crisis of confidence is also worth celebrating as an achievement.
“But, after 62 years, Nigeria deserves more than what it has achieved and Nigerians likewise deserve much more than what their leaders have delivered to them with the country’s enormous natural and human resources.”
Wike bemoaned the inability of the All Progressives Congress (APC)-led Federal Government, over the last seven years, to keep the economic and social conditions within Nigeria from deteriorating.
He pointed to such inability as evidence that the APC-led Federal Government was totally lost in what further measures it could take to stem or ameliorate the predicaments they have visited on Nigerians.
“Life is sacrosanct, but the present Federal Government has failed in the most basic duty to the nation to protect the lives and property of its citizens.
“Under their watch, infrastructure across all sectors, including roads, education and healthcare has collapsed. Tertiary education has remained comatose for over seven months and with no employment opportunities, the Federal Government continues to toy with the future of the youths.”
The Rivers State governor decried the situation where healthcare delivery was a nightmare across the country with ordinary citizens unable to access necessary medical services, basic diagnostics and medications at affordable rates in public hospitals.
He noted the spiralling crime and physical violence that are almost out of control across the country with the schools, churches and mosques no longer serving as safe places anymore.
“And with compulsive corruption, insecurity, low export earnings, protracted forex crisis and an economy so close to bankruptcy the untold suffering and hopeless future among Nigerians will continue if something is not done to improve the quality of political leadership in our country.”
Wike, however, stated that things can be better if there is the right political leadership in place that has the courage, decisive and purposeful in driving the country on a new path.
“However, let’s not forget that before the present deplorable state of affairs, we experienced significant economic growth, relative prosperity, a stable educational system and a relatively better quality of life for our people, under the Peoples Democratic Party.
“This showed that Nigeria’s current economic, social and security situation can rapidly be resolved with new leadership that is courageous, decisive, purposeful and able to take the country in a new direction that would curb corruption, stop unsustainable debts, and drive economic growth to create jobs and prosperity for all citizens.”
Wike insisted that there is a need to have a new government that cares about the unity of the country and the wellbeing of its citizens.
“Such government”, Wike said, “should be one that is religiously committed to changing the present circumstances of the people and making life more meaningful for everyone.”
Wike stressed that his administration is already performing like the expected new government at the national level by providing road infrastructure in quality and quantity that are unmatched by any previous government since the creation of the state.
“No state government, not even the Federal Government, can boast of the simultaneous construction of 12 flyovers and other major roads across the state in three years with Julius Berger Nigeria Limited as the contractor; but that is what our government has successfully executed.”
Wike emphasised that within the past seven years, his administration achieved so much because if it was dogged in implementing various fiscal measures that have improved the state’s revenue base.
With such growth, Wike said, existing hospitals have been renovated, abandoned ones completed and new ones delivered to improve access to health for Rivers people.
“We have expanded excess to quality education, including tertiary education with the successful establishment of the medical college and the four new campuses for the Rivers State University in Emohua, Ahoada, Etche and Tai local government areas of the state.
“We have renovated existing hospitals, completed abandoned ones, delivered new ones, and are set to deliver the most advanced specialist hospital in entire West Africa for the diagnosis and treatment of cancer and cardiovascular diseases here in Port Harcourt, which we believe will help the nation to stem medical tourism and conserve foreign exchange for the country.
“We have since started the payment of arrears of gratuities and death benefits to our senior citizens and legal beneficiaries and this will continue until all existing arrears of gratuities and death benefits are fully paid out.”
Speaking further, the Rivers State governor added that his administration significantly advanced the economic interest of Rivers State through securing important legal victories that helped in recovering several oil wells and gas fields hitherto denied to the state by the Federal Government.
“The 13percent and other derivation funds from these oilfields have added appreciable resources to the state’s revenue base, which we are deploying to accelerate the development of our state.
“The roads and bridges we have built continue to stimulate economic growth and prosperity by providing safe and seamless commuting across the state for businesses, farmers and social endeavours.
“We have greatly enhanced the state’s judicial system and improved the living conditions of judicial officers serving in the state, including those serving in the Rivers State jurisdictions of federal courts to enhance the rule of law and social justice in the state.
“Additionally, the tremendous support we are giving to the federal security agencies has resulted in curbing crimes and made Rivers State one of the safest states in the country to invest, live and bring up our children.”
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
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
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
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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