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Help Govt Fight Crude Oil Theft, Fubara Tasks Monarchs …Says Economic Sabotage Inimical To Dev

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Rivers State Governor, Sir Siminalayi Fubara, has said that it is the duty of everybody, especially traditional rulers, to join efforts together to ensure that there is stability and unfettered progress of Nigeria.

 

He has also advised traditional rulers to take charge of their domains and ensure that they make life difficult for ill-guided youths involved in acts of economic sabotage in their various communities.

 

Governor Fubara gave the charge while declaring open the 117th/118th Combined Quarterly General Meeting of Rivers State Council of Traditional Rulers at their Secretariat in Port Harcourt on Monday.

 

The Governor maintained that it should be the concern of everybody to support and see Nigeria progress as a stable country while advancing economically, adding that this is possible only when there is high production of crude oil, as the mainstay of the national economy.

 

He said: “I want to see a different society from this hour. The Federal Government is doing everything to see that our cryde oil production level increases. But every day, we are having issues of illegal bunkering and pipeline vandalisation and all the associated problems.

 

“All these people that are  carrying out these evil acts, they’re not coming from the moon, they live in our communities, we know them. I am charging this council, as a first step, take charge of your communities.

 

“If there is any information that you need to share with us, share with us. In the overall, we need our country to progress. We need our country to be stable. We need our country to grow economically. It is through only one means: our oil production.”

 

The Governor insisted: “We are charging you, to please go back and take charge of your communities. I assure you of our support. If there is anything that we need to do, if it means government sending you some little support financially to create your own vigilante to help, we will do it.”

 

Governor Fubara expressed delight and gratitude to God that the council is still existing despite the protracted political travail confronting the State and his administration.

 

The Governor explained that what he is doing is devoid of politics but a performance of statutory duty of government, especially in the appointment of a new chairman to steer the affairs of the Rivers State Council of Traditional Rulers.

 

He said, “There is nothing new that has happened. The immediate past chairman served out his tenure, and the tenure is usually a one year duration.

 

“It is at the discretion of the Governor to extend such tenure. I believe, from my own assessment, there was no reason to extend it, but rather to bring in fresh blood that can bring the council together.

 

“And what we did, we did in good faith because our communities, our people are important to us. I want to commend the chairman who is barely three months in office, to have been able to put this meeting together; it shows leadership.”

 

Governor Fubara said this is the first time after the appointment of Eze Chike Worlu Wodo that he will be addressing the council, and charged the new chairman, who understands the current situation, to lead the council aright.

 

He said, “I want you to lead this council with the fear of God. I want you to lead this council with the understanding that you are dealing with people that are independent, and feeding their own families.

 

“So, you need to have a spirit and heart of accommodation and tolerate them. Make your point very straight when you talk to them. I strongly believe that they are matured enough to give you the required support.”

 

The Governor emphasised: “So, at this point, I want to charge everyone of you that is here; God at this time has made you leaders of our communities, leaders of our towns, leaders of sections.

 

“So, know that this appointment that you have is not a mistake. It is God that gave you the chance. Make good use of it.

 

“Continue to make peace the most important agenda of your reign and locality. It is only on that, that it will now reflect in our State.

 

“We need total peace in our State. We cannot develop in the face of crisis. We can only improve when every person is living peacefully.”

 

Governor Fubara said he has been furnished with a comprehensive list of names of all traditional rulers of First Class, Second Class and Third Class totalling over 150.

 

The Governor explained that the state government cannot take in one block the purchase of their official vehicles, going by that number, and urged them to consider the option of monetizing it because most of them own their cars already.

 

In his address, the Chairman, Rivers State Council of Traditional Rulers, Eze Chike Worlu Wodo, used the opportunity to thank Governor Fubara for maintaining peace in the State in the face of the unwarranted political crisis orchestrated by selfish and overzealous politicians.

 

Eze Wodo, who is the Paramount Ruler of Apara Kingdom in Obio/Akpor Local Government Area of the State, urged the Governor not to fall into the traps of detractors by confronting their violence with  violence, which he noted, will only serve the interest of those selfish politicians.

 

He said, “All of us know that those that are over-heating the polity have one aim: to make the State ungovernable so as to make it ripe for a declaration of State of Emergency. Please, Sir, advise your supporters to avoid every invitation to violence.

 

“May I also appeal to our people on all sides of the political divide to remember that we have nowhere else to call home apart from Rivers State. So, we must not allow our personal interest to destroy the peace, stability and growth of our State.”

 

Eze Wodo enjoined members of the council: “As traditional rulers, we owe our State the duty of making it peaceful by cautioning our children against violent acts.

 

“We, therefore, cannot caution anybody if we allow ourselves become overly partisan. We will then lose the moral authority to reprimand those causing trouble when we take sides. So, I say, let us all work assiduously to maintain peace in Rivers State.”

 

On his part, the Rivers State Commissioner for Chieftaincy and Community Affairs, Engr. Charles Amadi, noted with concern the disturbing development and progressive degradation of values in the various communities, requiring focused attention on the roles of the traditional rulers in Rivers State.

 

Engr Amadi said there has been hope all along that traditional rulers in the State will pull their various domains through with tenable innovations that will stem the dwindling social decay in the various communities.

 

He said, “But, by close examination of the problems in the various communities of Rivers State, compared with the activities in the various settlers of the various communities, we found out that we are on the path of diminishing returns with many of the communities cum settlers, plunging into crisis.

 

“It has become increasingly obvious that we must examine the roles of the Rivers State traditional rulers in other to improve efficiency and curtail the crisis in our various communities.

 

“However, I strongly commend those traditional rulers of Rivers State that have displayed their good roles effectively and efficiently in the various communities that yielded relative peace that has ushered in good governance in Rivers State.”

 

Engr Amadi said the quarterly meeting, therefore, presents a time for traditional rulers to resolve on how to harness the potentials that will engender improvements of living conditions and overall development of their various communities.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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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

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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

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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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