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Fubara Inaugurates 10th Rivers Assembly, Inspects Projects
The Rivers State Governor, Siminalayi Fubara, on Monday inaugurated the 10th state House of Assembly.
The governor, during the inauguration at the hallowed chamber in Moscow Road, Port Harcourt, said it was in exercise of his constitutional powers.
According to a statement signed by his Senior Special Assistant on Media, Boniface Onyedi, the governor said, “My duty this morning is officially to dissolve the 9th Assembly and inaugurate the 10th Assembly, so that you can commence your first session.
“Whereas it is provided in Section 105 (3), of the Constitution of the Federal Republic of Nigeria 1999, as amended. That the person elected as governor shall have the power to issue a proclamation for the holding of the first session of the state Assembly immediately after being sworn in.
“Therefore, I, Siminalayi Fubara, Governor of Rivers State, in exercise of the powers bestowed upon me by Section 105(3) as aforesaid, and of all other powers enabling me in that behalf, hereby proclaim that the first session of the 10th Rivers State Assembly holds at 10:00am on this day, Monday the 5th of June, 2023, in the Rivers State House of Assembly Complex, Port Harcourt.”
Soon afterwards, the members of the 10th Assembly uninamously elected former House leader and the lawmaker represnting Obio/Akpor Constituency 1, Martins Ameawhule, as new Speaker of the 32-member House.
Also, the member representing Gokana Constituency and former Chairman, House Committee on Environment, Dumle Maol, was elected Deputy Speaker.
Meanwhile, Fubara paid an unscheduled visit to the ongoing construction of the convocation arena at the University of Port Harcourt.
Speaking after inspecting the facility being built by the Rivers State Government, Fubara stated that the project was dear to the government because of its importance to education and youth development.
He charged the contractor handling the project to match words with action by completing the project within the next 60 days as promised, warning that failure to deliver will attract consequences.
Fubara used the opportunity to warn other contractors handling state government projects to step up their works as he will not condone any delay but would expect prompt delivery on projects.
He said, “From what I’m seeing here, the contractor is also assuring that in 60 days he can deliver.
“We will give him the benefits of doubt. But I need to say clearly that if in 60 days, I visit this project, I don’t see it completed, it’s not going to be easy for the contractor, that’s the truth.
“But I believe from what I have seen the extent of job that they are doing, I think they’re a bit serious compared to what we saw about two months ago.”
“The reason why this project is important to us is this: It has to do with education and youths. You can’t separate education from the youths and one of the objectives of our projects is development of the youths and advancement of education. So, our coming here is to see it, assess it ourselves and not only from the reports from the ministry, but for me to see it.
“It is not business as usual. I had a meeting with them the other day and I told them that even though this contract is not new that does not mean that you go home and sleep. You can see that I’m a very punctual person. If I give you 9:0 clock, it will be 9:0clock. So, my word to the contractor today is that you’ve assured me that in 60 days you’re going to deliver. There will be serious consequences if I come here by 60 days from today and this job is not ready”, he concluded.
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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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