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NDDC Begins Work On PH-Okrika Link Road ……Says Wike’s Comments, Push For Positive Change
The Niger Delta Development Commission (NDDC) has assured that construction work would resume next week on the 3.65kilometre Borokiri-Okrika road to link the Rivers State capital, Port Harcourt to Okrika communities and others in Eleme, Tai, Gokana, Khana, Andoni, Opobo/Nkoro Local Government Areas in the eastern flank of the state.
Managing Director of the commission, Dr Samuel Ogbuku, who disclosed this at the NDDC Headquarters during his first official media chat in Port Harcourt on Wednesday, said that the new interventionist agency’s leadership was looking at legacy projects to quickly complete and commission.
Ogbuku was flanked by the NDDC Executive Director, Finance and Administration, Major-General Charles Airhiavbere, (rtd), and other Directors, during the interactive media briefing.
The managing director said, “One of these projects is the construction of the 3.65-kilometre Okrika-Borokiri Road with three bridges connecting Kolabi, Abotoru and Okpoka creeks to Port Harcourt,” adding that the link road was a very significant project for the people of the state.
He explained that talks between the NDDC and contractors for the project have been very fruitful, and assured that construction work would resume within a week.
The chief executive officer of the commission remarked: “The contractor has assured us that by next week, they will mobilise to site. They also assured us that the project will be completed in two years. We do not want to spread ourselves thin. We do not want to take on too many projects that we cannot complete in good time.”
Ogbuku also noted that due to the long delay in execution and completion of the project, there may be the urgency to review the value upward from the initial sum of N16.5billion cost as at the time of signing the contract several years ago to reflect present economic realities.
He noted that another big ticket project under the Converting Liabilities To Assets Initiative would be the construction of dams to check perennial flooding in Rivers, Bayelsa and Delta states as a pilot scheme.
Ogbuku emphasised that apart from harnessing the abundant water bodies causing havoc and destroying livelihoods in communities in the Niger Delta, the dams would also generate electricity for the affected states, leveraging on the Federal Government’s liberalisation policy in the power sector.
The NDDC, he added, was also concluding designs for emergency holding centres to provide comfortable shelter to thousands of vulnerable internally displaced persons (IDPs) by persistent flooding in communities in the affected states, stressing that the centres would be equipped with schools, water, sanitation and health facilities to cater to the urgent needs of victims of natural disasters.
He further stated that future relief materials for victims of flooding and other natural disasters, who take refuge at the emergency holding centres, would be presented to the beneficiaries directly at the facilities rather than going through governments and emergency relief agencies as a means of reducing bureaucracy while achieving quick impact.
Ogbuku assured the readiness of NDDC under his watch to work in synergy with the nine state governments to achieve integrated sustainable development of the region, saying that the commission was already working with representatives of all the cat mentioned state governments in its budgeting process to avoid duplication of projects and responsibilities while harnessing scarce resources for the benefit of the people.
On the way forward, he stated that establishing an effective and sustainable Corporate Governance system as well as Key Performance Indicators (KPIs) in the commission will be a game changer for the commission.
He noted that having an effective Corporate Governance system in place was key to the future successes and sustainability of the NDDC.
The chief executive officer affirmed that the commission was laying a solid foundation for impactful development of the Niger Delta region; strengthening Public-Private Partnerships and ensuring that its projects and programmes were aligned with the needs and aspirations of the people of the region.
He said: “In the past six months, NDDC has been engaged in building a sustainable foundation to ensure that we run on a smooth and right track. We are working to put in place a Corporate Governance System that will enable the commission run in accordance with global best practices.”
The NDDC boss declared: “Once there is Corporate Governance system, you cannot beat it. That means you must be subjected to the processes and procedures. That is the game changer for us. We want to regulate ourselves internally. That is why we must establish a Corporate Governance system.
“Whenever we go out seeking for partnerships, one thing these prospective partners and donor agencies look out for is our internal control system. We are willing to be internally regulated. So, we need to establish a Corporate Governance system. We are talking with KPMG, a reputable global business consultancy, to help us establish a sustainable Corporate Governance system.”
On the state of the commission, he said that on assumption of duties, the current Executive Management realised that the commission was working with many Directorates with overlapping functions.
Many of the Directorates, he said, were not created to enhance service delivery of the commission but were set up for some ethnic and political interests.
Ogbuku noted: “I met about 30 Directorates as against the 13 provided for in the Act establishing the NDDC. Today, merit is our watchword and the over 30 Directorates have been reduced to the 13 Directorates stated in the NDDC Act.”
He noted the Policy Dialogue opportunity held in Abuja recently, adding that learnings from the forum would help the management fashion strategic policies and take decisions which results would make a difference in the lives of the people.
The MD also noted some new initiatives such as project HOPE designed to drive programmes and engagements to develop database for capacity building and empowerment of youths and women through technical and vocational training in various skills, and Niger Delta Chamber of Commerce to mobilise and support small and medium entrepreneurs to grow the economy of the region.
Ogbuku urged youths of the region to guard against scammers and register for project HOPE free of charge through the dedicated portal, while advising potential entrepreneurs to join the chamber and take advantage of the window to boost their businesses and grow the economy of the region.
While responding to questions, he said that the recent comments on the commission’s activities by former Rivers State Governor, Chief Nyesom Wike, serves as a push for positive change in driving the development process in the Niger Delta region.
He commended the former governor for the milestones he achieved in urban centre modernization, stating that his remarks about the NDDC will spur the commission to positively change the narrative about the interventionist agency.
Ogbuku stated: “We will not join issues with former Governor Nyesom Wike. He has done well for the people of Rivers State, especially in the area of urban modernisation. Rather, we are spurred by his comments to change the narrative about the NDDC positively.”
By: Nelson Chukwudi
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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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