Nation
Aviation, Pharmaceuticals To Drive Economic In 2023 – Rewane
Chief Executive Officer, Financial Derivatives Company Ltd. Mr Bismarck Rewane, has listed aviation, chemical and pharmaceuticals, manufacturing, construction and financial services as sectors that will drive Nigeria’s economic growth in 2023.
Rewane said this at the Nigerian-British Chamber of Commerce (NBCC) 2023 Macroeconomic Outlook held in Lagos, recently.
He predicted that global air travels would rebound in 2023 with the reopening of China’s economy and entrance of additional 40 aircraft into the aviation sector.
Rewane, however, noted that the challenges of high operational costs, poor maintenance structure and infrastructural development may impact the sector.
He expressed opitimism that the chemicals and pharmaceuticals sector would grow stupendously and hit $5.3 billion in 2024 and benefit from economic reforms including healthcare financing.
“Unstandardised herbal drugs in the market, scarce foreign exchange and illegal importation and sales of substandard products would challenge the sector’s potential.
“For the telecommunications sector, Nigeria should expect improved internet penetration and wider coverage of 5G, more dependence on blockchain technology.
“Under construction, there would be increased spending and investment on road infrastructure following the concessions of 12 federal highways.
“Manufacturing would record increasing use of technology for business activities and cost optimisation.
“However, the risks of foreign exchange scarcity, poor business environment, weak consumer demand, high energy cost still persists in the sector,” he said.
Rewane said the financial services sector would record stiff competition between traditional banks, fintechs and telecommunications forcing banks to collaborate with fintechs.
He said the realities for the country beyond elections in the third and fourth quarters would be characterised by handing over, protests, key appointments, supplementary budgets and negotiation for debts restructuring.
“No doubt, 2023 general election will hold and election runoff is inevitable and many developments will trail the outcome of the election.
“Irrespective of the political party or candidate that wins, we expect several economic reforms from the new administration as opportunities emerge after the elections.
“Nigeria needs to send signals that the shenanigans dwindling investors confidence are over such as single window for customs operations, ruthless efforts to end oil theft and investment in petrochemical value chain.
“Government must also address economic inequality by ensuring equitable distribution of income via taxes to deliver healthcare, education, infrastructure and feeding,” he said.
Nation
Kwara Community Residents Flee Over Persistent Bandits’ Attacks
Residents of Omugo Community in Ifelodun Local Government Area of Kwara State have deserted their homes due to persistent bandit attacks.
The Tide’s source reports that the once lively community has turned into a ghost town with only a few domestic animals left.
Reports indicate that the recent bandits’ attack on the Omugo ECWA Church via Oro-Ago, led to the abduction of eight worshippers including the wife of the pastor in charge.
Three persons escaped out of the eight abductees with a N1billion ransom placed on the remaining victims in captivity. The community could only gather N1million which was rejected by the bandits.
Last week, the armed bandits invaded Oro-Ago community, killed one vigilante man identified as Baba Ibeji and injured his younger brother known as Ajere.
A Point of Sales, PoS, shop directly opposite the Nigeria Security and Civil Defense Corps, NSCDC, Divisional office, was broken into by the bandits.
The gunmen also attacked the NSCDC office and sprayed bullets on the facility, though no casualty was recorded.
In earlier attacks on Oro-Ago environs, armed bandits ambushed a convoy between Oro-Ago and Oke-Ayan in Ilere district of Ifelodun Local Government Area and killed two local hunters on escort duty.
On Saturday, there was tension in Oro-Ago following a security alert that armed bandits were regrouping to launch fresh attacks on the community.
All security formations were, however, placed on ‘Red Alert’ to forestall the planned attack.
Nation
Acting Provost Dismisses Alleged Missing Equipment Claims at Rivers Health College
The Acting Provost of the Rivers State College of Health Science and Management Technology, Dr. (Mrs.) Peace Chigozirim Amadi has refuted claims circulating in the media suggesting that laboratory equipment went missing from the college.
In a recent statement, Dr. Amadi described the reports—particularly those attributed to certain publications—as false and misleading. She emphasized that all laboratory equipment at the college remain intact.
“I am here to set the record straight. No laboratory equipment disappeared from my college. Nothing is missing,” Dr. Amadi said, challenging anyone with contrary claims to provide evidence, including the names of the equipment and their supposed locations.
She further noted that the college recently underwent an accreditation exercise, during which significant investments were made in laboratory equipment. According to Dr. Amadi, these items are fully accounted for, and the college maintains a robust security system to protect its assets.
“Everything is intact. Nothing disappeared. The information being circulated is false and should be discarded,” she reiterated.
Beyond addressing the allegations, Dr. Amadi also called on media practitioners to exercise professionalism and verify stories before publication. “I want to plead with journalists to always verify their stories. Junk journalism does not help anyone. No matter the information you receive, it is important to hear the other side before publishing,” she said.
While social media posts have occasionally raised concerns about various issues in the region’s health education sector, including extortion and examination malpractice at related institutions, there is no independent evidence from credible news sources confirming that equipment went missing from Rivers State College of Health Science and Management Technology.
The college, a public tertiary institution based in Port Harcourt, Rivers State, is accredited to offer a variety of health-related programs, including Nursing, Midwifery, Laboratory Technology, and Environmental Health. It has consistently emphasized integrity, safety, and transparency in its operations.
Dr. Amadi’s statement seeks to reassure the public, students, and stakeholders that the college remains secure, well-managed, and free from the alleged equipment losses, while urging journalists to prioritize accuracy in reporting.
Nation
HYPREP Reaffirms Commitment to Safe Water Supply In Ogoni
As the world commemorates World Water Day, the Hydrocarbon Pollution Remediation Project (HYPREP) has reaffirmed its commitment to providing potable water across Ogoni communities, in line with the recommendations of the United Nations Environment Programme (UNEP) Report on the Ogoni Environment.
In a statement issued by its Project Coordinator, Nenibarini Zabbey, on March 22, 2026, HYPREP noted that this year’s theme, “Water and Gender,” alongside the campaign slogan, “Where Water Flows, Equity Grows,” underscores its resolve to extend potable water supply beyond oil-impacted communities to all Ogoni communities.
Zabbey emphasized that access to clean water is a fundamental human right, adding that HYPREP remains committed to ensuring inclusive and equitable water access across the region.
He disclosed that the agency has successfully provided potable water to over 43 communities in Ogoni, while ongoing Phase 3 water projects are expected to benefit an additional 17 communities. He also highlighted steady progress on windmill-powered water projects in less populated areas, particularly in Khana Local Government Area.
According to him, the K-Dere Water Project, which is over 99 percent complete, will be commissioned in the coming weeks, even as work continues on other water schemes across Ogoni.
Zabbey further noted that HYPREP’s interventions are aligned with the United Nations Sustainable Development Goal 6, which focuses on ensuring the availability and sustainable management of water and sanitation for all by 2030.
To ensure sustainability, he explained that the agency has adopted a joint management model involving host communities, the Rivers State Ministry of Water Resources and Rural Development, and the Rivers State Small Towns Water Supply and Sanitation Agency (RSSTOWA). He added that Water Consumers’ Associations have been established in communities such as Nchia and Eleme, alongside training programmes conducted in collaboration with non-governmental organisations.
The Project Coordinator stressed the importance of community ownership and protection of water facilities, echoing the call by the Minister of Environment, Balarabe Abbas Lawal, for residents to safeguard the infrastructure provided in their areas.
Zabbey expressed optimism that the ongoing efforts will significantly improve access to safe drinking water, reduce waterborne diseases, and enhance public health outcomes across Ogoni communities.
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