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Recreate Rivers Economy As Best Investment Destination, Fubara Charges RSIPA Board

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8 months ago

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Rivers State Governor, Sir Siminalayi Fubara, has restated that the resolve is stronger now than ever to create the climate conducive for growth of agriculture, manufacturing, small and medium enterprises, and key services because they are the productive sectors that will put Rivers’ economy on a competitive pedestal.
The Governor, therefore, charged members of the maiden Governing Board of the Rivers State Investment Promotion Agency (GBoRSIPA) to streamline their activities in such a manner that will attract real investors across critical sectors so that the State can become self-sustaining, comparatively.
Governor Fubara gave the charge when he inaugurated members of the six-man Board at Government House in Port Harcourt on Monday.
Those inaugurated are: Lawrence Fubara Anga, SAN, as Chairman; Dr. Chamberlain Peterside as Director-General; and Mrs Tamunoibuemi Life-George, who is to serve as Secretary.
The rest include, Mr Goodliffe Nmekini, Barrister Havey Ideozu, and Baritor Lenusikpugi Kpagih as members.
Governor Fubara explained that Rivers State used to rank first in the comity of states in terms of productive economic activities, which attracted various business interests and made the State a well-groomed investment haven.
But, he expressed regret that the attendant expansion and population growth were not maximally managed because the challenges overwhelmed those who superintendent over business activities then, lamenting that the expected blessings were wrongly channelled, which left the State in very pitiable economic situation.
Governor Fubara said: “We might be celebrating, that yes, we have a very fat allocation. We have been able to improve our Internally Generated Revenue (IGR), but we still have a lot to do; and, that has to do with this agency.
“The purpose of this agency is to give our people – to assure them, that Rivers State can still come back to that enviable position that it once occupied. Those people that were doing business in Rivers State that left, for one reason or the other – that they can still come back.
“We want to see people who intend to come back and invest because Rivers State is blessed – it has oil, the most important item for development today, which is gas, in abundance.
“Look at what is happening in Trans-Amadi Industrial Layout: We can make Trans-Amadi Industrial Layout come back to what it used to be. We can develop the resources that we have in Onne Town. We have Ogba-Egbema gas hub. These are part of the promises we made during our campaigns, and we must fulfill those promises,” he said.
Governor Fubara emphasised that the agency is established to rigorously harness tenable economic and human potentials abundant in the State that can be translated into making Rivers the economic gateway and one-stop- shop for productive economic activities.
The Governor said: “We have waited for this moment for a long time. It is a moment we all have been praying for because we want to leave a State that will be remembered: Rivers State that can compete, and Rivers State that can stand the test of time as a proud State.
“People that are coming here would begin to know that Rivers State is now serious. Rivers State is not about coming here and saying I want to take the side of maybe, I am interested in 10 percent or 20 percent of what you are coming with, that is not the purpose now”.
He explained that Rivers State is about genuine business interactions that will be mutually beneficial to all parties in a sustainable way, insisting that investors desirous of gaining value from their stakes should boldly come to the State for partnerships that will work in the interest of all stakeholders.
He said, “The purpose is to build our State. The purpose is to grow this State economically in such a way and manner that even if we don’t get federal allocation anymore, for example, we can still sustain ourself (as a State) with our IGR.”
Governor Fubara acknowledged that in discharging its responsibilities, the Board will encounter challenges and stiff opposition from those who abhor change but urged the members to brace up and be forthright in their quest to achieve their mandate.
The Governor clarified that the board should not be preoccupied with people who are only interested in real Estate, which seemed to be the current drive now.
Governor Fubara said: “Not just issues of people coming to build houses and other things. I want your concentration to be more on agriculture, (manufacturing).
“Look to find people who are coming in to invest. People that are coming to build factories because it is only when we start production that employment issues will be resolved, (and we will witness economic boom).
“So, please, those things that will solve the problem of unemployment, and promote creation of wealth for the State should be your focus,” he advised.
Governor Fubara further said: “The responsibility of this agency is going to be very challenging because I know they will want to fight back. But, I know that these crop of men and woman have what it takes, and I am very convinced that they are going to lead Rivers State to where we want the State to be.
“The Chairman of this agency is a private legal practitioner and a businessman that has made his name. Let me say it here: let it be on record that I had to beg him to accept the offer. I even had to send emissaries to him to plead with him.
“He said he doesn’t want to get involved with any political thing. I said this is not about politics. You live in Lagos, you have made your name in Lagos. Please, come and help us. We need help, Rivers State needs to be salvaged.”
Governor Fubara charged them to approach their task with an open mind to make a difference, adding that he nurses no doubt that they will make the State proud with the results they will achieve.
The Governor also assured that his doors will remain open, should they require his attention to tackle any challenge in order to get the necessary support to ensure success.
In his acceptance speech, Chairman of the Governing Board of Rivers State Investment Promotion Agency (GBoRSIPA), Lawrence Fubara Anga, SAN, said they consider their appointment as an opportunity to serve among other Rivers people who are willing to be so appointed.
Anga noted the enormity of the task before them but expressed appreciation that even the Governor understands it so, which is why he consulted widely to gather very distinguished, proven and tested personalities, who depict his foresight.
He said: “Your Excellency, we have heard, listened very attentively to your charge, and that charge resonates, I believe, with everybody in this room.
“This is the time, whether we like it not, to many people, it is a time to want to despair. It is a time of problems, and it is also a time of challenges. And everybody has an option: your cup can either be half-full, or half-empty.
“But Your Excellency has decided that the cup of Rivers State shall be completely full. For every challenge, there is an opportunity. And what His Excellency has done is to tell us: go and look for those opportunities.”
Anga reaffirmed that Rivers State, known and still is the ‘Treasure Base of the Nation’, noting that the charge before them is to make that appellation march the reality of what prevails, desirably.
The chairman assured that they shall offer their best by delivering on their mandate but solicited support to work in strong synergy with other organs: ministries, departments and agencies (MDAs) of government, to succeed.
This, he noted, will reduce unhealthy competition and bureaucratic bottlenecks that often frustrate genuine development efforts because of what he described as likely policy inconsistencies.
He said, “The charge is to restore it (State) to be the ‘Treasure Base of the Nation. The charge is to make Rivers State economy probably the 10th or 12th largest economy in Africa, standing on its own. The charge is to turn Rivers State into the Dubai of Africa. That is what you have told us to do.
“It is not going to happen overnight. It is not going to happen just through us as individuals. It is a collective effort. But, we are convinced that with your support, and with the kind of leadership that you have already provided, it is very possible in the shortest period of time to start the transformation to change the narrative. And once the ship has left the port, nobody can stop it.”
Anga further said: “Your Excellency, investors’ monies have choices. No matter how potentially attractive a business proposition is, where there is insecurity, where there is confusion, where there is bureaucratic bottleneck, investors will run away because they have choices.
“And, one of the things your administration is trying to do is to restore security, safety of lives and property; security of tenor, when you buy land, you know that your title is secured because without security of tenor, you can’t get a loan.
“These are the things your administration is doing, which will go a long way to achieving the goal you have set. I am happy, this is a brand new agency, and we don’t have any excuse. What comes out; we are the ones that will shape it,” he emphasised.
Anga also reassured that: “This board will try its best to provide oversight. This board will try and provide the policy guidance. This board will try and use the rich connections it has to reach out locally and internationally (to attract investments).
“But, in all of these, our youths should stop being applicants. We want to create an environment where the unemployed become entrepreneurs, they become employers of labour. We want to triple the Internally Generated Revenue (IGR) of the State from our home grown businesses.
“We are not just looking for people to bring their money from outside. It’s been proven time and again that if the owners of the place don’t invest, outsiders will not come to invest. And so, your charge to us is to make Rivers State attractive for Rivers people. And when Rivers people invest, the whole world will come and invest. That is our task, and we will strive to achieve it,” he assured.
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FG To Seize Retirees’ Property Over Unpaid Housing Loans

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7 days ago

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April 25, 2025

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The Federal Government Staff Housing Loans Board says it has begun the compilation of list of retired civil servants who have defaulted on the full repayment of housing loans obtained.
Head of Information and Public Relations, FGSHLB, Mrs Ngozi Obiechina, disclosed this in a statement in Abuja, yesterday.
Obiechina quoted the Executive Secretary of the Board, Mrs Salamatu Ahmed, as saying that the move was aimed at recovering mortgaged properties from retirees who failed to meet their loan obligations.
Ahmed noted that the decision followed a recent memo issued by Mrs Patience Oyekunle, Permanent Secretary, Career Management Office, Office of the Head of the Civil Service of the Federation.
According to her, the memo reminded public servants of the mandatory requirement to obtain a Certificate of Non-Indebtedness to the FGSHLB and MDA Staff Multipurpose Cooperative Society as a precondition for retirement.
The Executive Secretary said that the board would take necessary legal steps to repossess properties where applicable, in line with the terms of the loan agreements.
She said this was in line with the provisions of the Public Service Rules 021002 (p), issued by the Office of the Head of the Civil Service of the Federation.
“I am directed to bring to your attention the provision of Public Service Rule (PSR) 021002 (p), which mandates all public servants to obtain a Certificate of Non-Indebtedness as a prerequisite for retirement.
“The Federal Government will commence the seizure of mortgaged properties belonging to retiring federal public servants who have failed to fully repay housing loans obtained from the board,” she said.
Ahmed explained that the FGSHLB reserves the legal right to repossess any mortgaged property in cases where a public servant exits service without fully repaying the loan.
She reiterated that the directive also applied to already retired officers who were still indebted.
She urged all affected public servants to regularise their loan status and obtain the required clearance certificate without delay.
“The board is currently compiling a list of such retirees, which will be forwarded to relevant regulatory agencies for debt recovery.
“The FGSHLB remains committed to enforcing compliance and ensuring proper loan recovery procedures are followed, “ she added.

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FG Begins Induction For New Permanent Secretaries, Accountant-General

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7 days ago

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April 25, 2025

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The Federal Government has kicked off a three-day induction programme for newly appointed Permanent Secretaries and the Accountant-General of the Federation, aimed at equipping them for strategic leadership and effective policy implementation.
The induction, according to a statement yesterday by the Director, Information and Public Relations, Federal Ministry of Information and National Orientation, Eno Olotu, which commenced on Wednesday, is being held at the National Counter Terrorism Centre in Abuja.
Speaking at the opening session, the Head of the Civil Service of the Federation, Mrs. Didi Esther Walson-Jack, congratulated the new appointees and described their roles as pivotal to governance and national development.
“Permanent Secretaries are the engine room of the government. They are critical to driving policy implementation, institutional performance, and reform across the service”, she said.
The Federal Government has kicked off a three-day induction programme for newly appointed Permanent Secretaries and the Accountant-General of the Federation, aimed at equipping them for strategic leadership and effective policy implementation.
The induction, according to a statement yesterday by the Director, Information and Public Relations, Federal Ministry of Information and National Orientation, Eno Olotu, which commenced on Wednesday, is being held at the National Counter Terrorism Centre in Abuja.
Speaking at the opening session, the Head of the Civil Service of the Federation, Mrs. Didi Esther Walson-Jack, congratulated the new appointees and described their roles as pivotal to governance and national development.
“Permanent Secretaries are the engine room of the government. They are critical to driving policy implementation, institutional performance, and reform across the service”, she said.
“The expectations are high, and the responsibility is immense. But with commitment and teamwork, we can deliver a more efficient, accountable, and citizen-centred public service.
“This final lap of FCSSIP 25 calls for urgency, accountability, and strategic focus. You must translate vision into measurable results,” she stated.
In her welcome address, the Permanent Secretary, Career Management Office, Mrs. Fatima Sugra Tabi’a Mahmood, described the programme as a strategic investment in leadership capacity and institutional effectiveness.
The sessions featured expert-led discussions, simulations, and strategic briefings facilitated by a distinguished faculty, including Engr. Suleiman Adamu, former Minister of Water Resources; Dr. Hadiza Bala Usman, Special Adviser to the President on Policy and Coordination; Mrs. Beatrice Jedy-Agba, Solicitor-General of the Federation and Permanent Secretary, Federal Ministry of Justice; Alh. Yusuf Addy, retired Federal Director; Alhaji Bukar Goni Aji, former Head of the Civil Service of the Federation; Amb. Mustapha Lawal Suleiman, Mr. Adesola Olusade, and Dr. Ifeoma Anagbogu, all retired Permanent Secretaries.
Participants include Dr. Obi Emeka Vitalis, Mrs. Fatima Sugra Tabi’a Mahmood, Mr. Danjuma Mohammed Sanusi, Mr. Olusanya Olubunmi, Dr. Keshinro Maryam Ismaila, Dr. Akujobi Chinyere Ijeoma, Dr. Umobong Emanso Okop, Dr. Isokpunwu Christopher Osaruwanmwen, Mrs. Oyekunle N. Patience, Dr. Kalba U. Danjuma, Mr. Nadungu Gagare, Mr. Onwusoro I. Maduka, Dr. Usman Salihu Aminu, Mr. Ogbodo Chinasa Nnam, Mr. Ndiomu Ebiogeh Philip, Dr. Anuma N. Ogbonnaya, Mr. Adeladan Rafiu Olaninre, and Mr. Mukhtar Yawale Muhammed, alongside the Accountant-General of the Federation, Mr. Shamseldeen Babatunde Ogunjimi.
The induction programme will feature sessions on public sector leadership, policy delivery, ethics in service, digital transformation, and performance management.

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NNPCL To Undergo Forensic Audit Soon -FG

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7 days ago

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April 25, 2025

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The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) will begin soon.
Edun revealed this at the ongoing Nigerian Investor Forum, held alongside the IMF/World Bank Spring Meetings in Washington DC.
The minister explained that the recent changes in the NNPCL management are part of a broader effort by the Federal Government to clean up and examine the company closely.
While addressing top global investors, including representatives from J.P. Morgan, Edun shared key reforms the government has introduced to revive the economy and restore investor confidence.
He told the investors that the government’s bold economic steps have laid a strong foundation to attract private investment.
He stated, “Our goal is not just to maintain this momentum, but to accelerate it. We are targeting seven per cent annual growth, and we believe the policies we have implemented have laid the groundwork to achieve this.”
Edun highlighted that President Bola Tinubu’s administration has rolled out major reforms that are already making a difference.
He added that the Nigerian economy grew by 3.84 per cent in the fourth quarter of 2024 and recorded a 3.4 per cent growth for the year.
Edun further stressed the importance of the reforms, describing them as “unprecedented,” adding that, “We said we would do it, and now we have done it. This time, we’re staying the course.”
He pointed out signs of progress such as lower budget deficits, a better trade balance, and a more stable exchange rate.
He also said that the focus is now on growing key sectors, especially agriculture.
According to Edun, agriculture is at the top of the government’s agenda, with the aim of improving food supply and increasing productivity.
“We aim to close the food supply gap, not by importing more, but by enabling domestic producers to scale and innovate,” he said.
On infrastructure, Edun revealed that the government has rolled out 90,000km of fibre optic cable to improve internet access.
He said this move is crucial for supporting young Nigerians and tech startups.
He also noted that 4,000km of roads have been offered for private sector participation, with the first 1,000km already approved for construction.

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