News
‘S’Court Verdict’ll Promote Rapid Economic Dev In Rivers’
The final resolution of the governorship election at the Supreme Court on January 25, 2024, is a welcome development that may boost the economy of the state, the Mayor of Housing, My-ACE China, has declared.
Rivers State was considered the fastest developing state in Nigeria with capacity for about 60 per cent of fossil oil that sustains Nigeria, but violence and political crisis were believed to have caused decline.
China, the CEO of the Construction and Housing Mayor Limited, who is known as a real estate success strategist, said this while reacting to the Supreme Court judgment last Thursday, January 25, 2024, which finally affirmed Sir Siminalayi Fubara as the governor of Rivers State.
He stated that the peace the judgment has brought to the state will help the general economy and business environment of Rivers State.
Rivers State cries for boost in its gross domestic product that is so far at about $51,000 while per capital is over $5,000.
On the side of the people, the Mayor of Housing said the resolution of the matter would create certainty, which he said, is the hallmark of business development through investment decisions.
Rivers State has estimated population of over seven million people by 2023 estimates.
Many analysts say it is important to boost job creation and youth engagement to create new economic lines that would develop new earning streams for the teeming populace.
The Mayor of Housing said: “Anyone who wants to make any major investment wants reasonable certainty in the leadership of that state. No business executive will make final investment decision into a state when you do not know who will be governor.
“Many people may not know that investors have been hanging out there waiting. It is important to them to know who is in charge, especially businesses that have scale, which is the type that employs people more.”
The CEO said this development boosts the advent of investors that would boost labour and job creation.
On the people already in Rivers State, he said, in the economics of emotion, elation causes elevation of productivity while depression causes depreciation of productivity.
China said: “So, when a people are depressed or are gloomy, it affects the general productivity of the state and affects the micro-economics of the people of the given society.
“You can see the amount of joy and rejoicing in the state. This not only causes elation and elevation of the emotions of the people but pushes them to gladly go out and engage in more economic activities. There are new expectations now that the apex court has affirmed who is the governor of Rivers State.
“It now helps everybody to join in activities that boost expectations of developmental projects and dividends of democracy without distractions and interruptions.”
He also said his joy as a real estate success strategist and mega investor is that the fate of the ongoing 20,000 low-cost housing scheme recently flagged off by the Fubara-led administration would no longer be made to hang in the balance.
China, thus, said the victory should not be seen to belong to Sir Sim Fubara alone but for all the people as well as for the economy of the state.
He stated: “Now, lets get down to business and watch as this boosts the economy”.
The economy of Rivers State is dominated by the state’s booming petroleum industry. Although the rise of the oil industry has led to increased revenue for the state government requiring peace and economic stability added with competent management to boost the economy.
Nelson Chukwudi
News
Victory Over Insurgency Certain, Tinubu Assures
President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.
The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.
He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.
Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.
“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.
“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.
The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.
Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.
He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.
“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”
The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.
The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.
Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.
News
US Embassy, Lagos Consulate Close Today For President’s Day
The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.
The mission made this known in a notice shared on its official X page, yesterday.
“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.
According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.
The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.
In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.
Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.
News
Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role
United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.
Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.
The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.
Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.
“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.
The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.
Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.
The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.
In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.
“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.
Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.
He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.
Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.
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