Rivers

PHCCIMA Breaks Down Rivers 2025 Budget

Published

1 year ago

January 30, 2025

The Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA) has given its breakdown of the Rivers’ 2025 budget.
The PHCCIMA President, Dr. Chinyere Nwaoga, gave the breakdown in a statement on Tuesday, saying the budget will unlock trapped N500 billion tax revenue from trapped or recovered assets.
She recalled that PHCCIMA had on December 31, 2024 lauded the appropriation bill of 2025 as presented by the State Governor, Siminalayi Fubara, and promised to analyse the budget.
“We promised to analyse the budget and share our position after extensive research and analysis.
“We set up a think-tank committee to review the monetary policy with the private sector practitioners and we have come up with a position”, she said.
Nwaoga noted that the 2025 total budget approximates N1.2 trillion to be N388 billion higher than the 2024 figure of N800 billion.
However, she noted that when adjusted for inflation, “the Net Present Value of the current budget is approximately N1.1 trillion”.
She explained that the naira’s depreciation by 90 per cent year-on-year from January 2024 has reduced the budget’s net value to about N700 billion.
According to her, this further illustrates how the fiscal policies at the centre can impact even the best run states.
She commended the Rivers government’s plan to spend N678 billion on capital expenditure, which is roughly 30 per cent more than the operating expenditure.
“The plan to allocate N31 billion to Agric and support programmes for youths posits a strategy for genuine empowerment”, she stated.
The PHCCIMA President also advised the government to create a credible youth and women database for articulated disbursements and monitoring.
She said: “There may be need to update or recreate a strategic state wide enumeration targeted at Rivers State population”.
Nwaoga also suggested that the government should consider allotting a percentage of accrued funds to an investor guarantee programme to attract investment funds aimed at commerce.
She noted that “the policy to explore counterparty funding with the Universal Basic Education (UBE) to support education is smart”.
The PHCCIMA boss commended the government’s plan to source and save funds for the budget through various means, including FAAC, IGR, statutory allocation, mineral funds, VAT, refunds, and others.
According to her, the budget demonstrates financial prudence and less emphasis on bank borrowing.

She suggested that the government should re-enact the Rivers State Statutory Savings Account and ensure that assets do not deplete in value.

Nwaoga recommended that “we estimate an additional N100 billion, and the expansion of the under-declared and undeclared revenue sources with corporates”.

She stressed the need for the government to emphasise attracting new investments and unlocking value from existing assets.

“Rivers State Government should emphasise attracting new investments and unlocking value from existing assets”, she said.

She, however, urged that the government should continue to pursue clearing the backlog of pension liabilities and consider implementing a revised salary structure to motivate the workforce.

Rivers

Group Seeks Police Support to Tackle GBV

Published

7 hours ago

February 16, 2026

The Tide

The Rivers State Multi-Stakeholder Action Committee on the Prevention of Gender-Based Violence (GBV), a non-profit organization dedicated to combating gender-based violence in the State, recently paid a courtesy visit to the Rivers State Commissioner of Police, Olugbenga Adepoju, to seek his support and partnership for a planned sensitization programme for Police GBV Desk Officers.

The delegation was led by the Permanent Secretary of the Rivers State Ministry of Social Welfare and Rehabilitation, Lauretta Davies Dimpka, alongside the Committee’s Coordinator, Barr. Evelyn Membere Asimiea.

Speaking during the meeting, the Coordinator explained that the committee comprises various stakeholders, including FIDA, the media, security agencies, and traditional and religious institutions.

She noted that the initiative is funded by ActionAid Nigeria with support from the Ford Foundation, with the goal of strengthening efforts to eliminate gender-based violence in Rivers State.

“We have carried out several engagements, including community advocacy programmes and the training of female cultural influencers, among other activities,” she said.

In his response, the Commissioner of Police, Olugbenga Adepoju, pledged his full support for the initiative and assured the committee of the Police Command’s readiness to collaborate in strengthening GBV response mechanisms across the state.

Members of the delegation also included heads of sub-committees within the group: Barr. Ere Boma (Advocacy); Dr. Mary Obisike (Response); Martha Igbiks ( Information and Awareness); and Brown Musa Afonyagha (Religious/Traditional).

Observers described the engagement as a significant step toward enhancing coordination and improving the response to gender-based violence in Rivers State.

Rivers

Youth Body Condemns Killing Of Member … Demands Immediate Suspension Of Bike Operation

Published

7 hours ago

February 16, 2026

The Tide

Youths from Igwuruta Community in Rivers State have condemned the killing of the Secretary of Omuolu-Omunwei Community in Igwuruta, Mr. Nchelem Samuel Festus, describing the incident as tragic and unacceptable.

In a communiqué issued on February 12, 2026, the youth body said Mr. Festus was allegedly murdered on Tuesday February 10, 2026, by commercial motorcycle operators identified as “Aboki bike riders” within the community.

The group expressed sadness and outrage over the development, stating that the killing has heightened tension in the area and disrupted the peace for which Igwuruta has long been known.

According to the communiqué, the incident is part of what the community described as a growing wave of criminal activities, including rape, kidnapping and other violent crimes allegedly perpetrated by the same group.

The youth body said Igwuruta has historically maintained a reputation as a peaceful and hospitable community where residents and visitors carry out their daily activities without fear.

It, however, noted that recent events and what it termed as “escalating violence” have created fear among residents and necessitated urgent intervention.

The communiqué called for the immediate suspension of all motorcycle operations by the group within Igwuruta.

It also demanded the closure of scrap-dump sites in the community allegedly operated by the said individuals.

Furthermore, the youth body urged security agencies to ensure the arrest and prosecution of those involved in the killing of Mr. Festus and perpetrators of other alleged crimes in the area.

It also called on cattle herders to vacate farmlands in Igwuruta and urged herdsmen to stay away from bushes within the community with immediate effect.

While pledging to uphold the rule of law and refrain from self-help, the youth body gave security agencies a 48-hour ultimatum to act on some of its demands, particularly the suspension of motorcycle operations and closure of scrap sites.

The communiqué appealed to security agencies, local government authorities and other stakeholders to treat the matter with urgency and collaborate with the community to restore peace and ensure justice.

As at the time of filing this report, the Police has not issued any official statement about the incident.

By: King Onunwor

Rivers

NDDC, REA Seal Pact On Sustainable Electricity Expansion In N’Delta

Published

7 hours ago

February 16, 2026

The Tide

The Niger Delta Development Commission (NDDC) has signed a Memorandum of Understanding (MoU) with the Rural Electrification Agency (REA) to expand access to reliable and sustainable electricity across the Niger Delta region.

The agreement, signed at the headquarters of the REA in Abuja, is intended to strengthen institutional collaboration in accelerating development in underserved communities in the region.

A statement by the Director, Corporate Affairs of the NDDC, Seledi Thompson-Wakama, said the pact underscores renewed efforts by the two federal interventionist agencies to deepen cooperation and fast-track infrastructure delivery.

Speaking at the signing ceremony, the Managing Director of the NDDC, Dr. Samuel Ogbuku, described the MoU as a strategic step towards realising the Commission’s vision to “light up the Niger Delta” in line with national priorities on distributed energy expansion.

Ogbuku said “the agreement represents a shared institutional responsibility to deliver reliable energy solutions that will enhance livelihoods, stimulate local economies and create broader opportunities across the nine Niger Delta states.”

According to him, electricity remains a critical enabler of national development, support for job creation, healthcare delivery, education and inclusive economic growth.

He noted that the collaboration would help unlock the economic potential of rural communities while advancing broader national development objectives.

The NDDC boss added that the Commission has consistently adopted partnership-driven approaches in executing projects in the region and is prepared to support the implementation of the MoU by leveraging its community presence and infrastructure development capacity.

He reaffirmed the Commission’s commitment to working closely with the REA to ensure the timely and effective execution of the agreement.

The NDDC delegation at the event included the Executive Director, Projects, Dr Victor Antai; Executive Director, Corporate Services, Otunba Ifedayo Abegunde; Director, Legal Services, Mr. Victor Arenyeka; Director, Finance and Supply, Mrs. Kunemofa Asu; and Director, Liaison Office, Abuja, Mrs. Mary Nwaeke.

In his remarks, the Managing Director of the REA, Dr. Abba Abubakar Aliyu, described the MoU as a natural collaboration between two agencies with complementary mandates, reflecting a shared commitment to expanding access to sustainable electricity in rural communities.

“The Niger Delta remains central to Nigeria’s economic fortunes and must be supported by infrastructure capable of driving productivity, enterprise and improved living standards”, Aliyu said.

He adding that the partnership signals readiness to deliver stable power to communities that have long awaited reliable electricity supply.