Rivers
PHCCIMA Breaks Down Rivers 2025 Budget
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.
Niger Delta
Make God Your Anchor To Fulfill Destiny, Cleric Charges Christians … As Jaja Marks 70th Birthday
The Lead Pastor at Jesus Appointed People’s Bible Church, Ozogbe, Ikwerrengwo-Etche, in Etche Local Government Area of Rivers State, Pastor Promise Nwaelele, has urged Christians to make God the anchor of their lives in whatever position they find themselves, in order to attain the destinies set for them by God.
Pastor Nwaelele, who gave the charge recently in a sermon he preached at the 70th birthday anniversary thanksgiving service of Sir Donald Michael Jaja, a veteran journalist in Rivers State, said this is because any genuine child of God is a permanent target for destabilization and destruction by the devil.
Taking his text from the Bible book of Mark 4:16-17, the preacher stated that fulfilment in life for a child of God required faith, obedience to God’s word, humility and grace to withstand trials and temptations.
According to him, temptations and afflictions are bound to happen in the lives of those who have accepted Jesus Christ as their Lord and Savior.
“No wonder the Bible said that those that endure till the end shall be saved”, he said.
The Clergyman said God prospers believers who are humble, not proud and conceited, and leads them to destiny fulfilment.
“David said in Psalm 51:17, that the sacrifices acceptable to God are a broken spirit, not an impatient or proud spirit”, the preacher said.
He called on Christians not to allow persecutions and afflictions to sway them from the love and blessings of Jesus Christ.
On his part, Jaja, a seasoned Journalist who retired as an Acting Editor of the Rivers State Government-owned The Tide Newspaper, gave thanks to God for honouring him by giving him the grace of attaining 70 years.
“I cannot capture what the good Lord has done for me in my entire life in this fleeting moment of thanksgiving. But, I know that without Him, I wouldn’t have been who I am today, in all spheres. Therefore, my joy knows no bounds as I give thanks to my creator today, alongside my family. Praise be His holy name”, Jaja said.
Rivers
Rivers Monarch Warns Against Violence … Urges Peaceful Christmas, New Year Celebrations
The Eze Oha Evo III of Evo Kingdom, HM, King Leslie N. Eke, JP, Eze Gbakagbaka, has urged residents to embrace peace and avoid all forms of violence as the Christmas and New Year festivities draw near.
Eze Eke issued the caution during a pre-festive security briefing at his palace in Woji, Obio/Akpor Local Government Area.
The Eze Woji XII, who is also the Chairman of the Supreme Council of Ikwerre Government-Recognised Traditional Rulers, reminded the community and its residents that Christmas should be a season of love, reconciliation, and communal harmony and not be used for violence.
He stressed that no celebration should be allowed to degenerate into violence and added that peace remains central to the cultural values of the Ikwerre people.
The monarch expressed concern over the tendency for heightened social activities to lead to avoidable confrontations.
He urged residents to conduct themselves responsibly and avoid actions that could endanger other people’s lives and property.
“The festive season should strengthen community ties, not create opportunities for conflict or reckless behaviour”, he said.
Addressing the youths specifically, King Eke advised them to steer clear of cultism, drug abuse, street fights, and other disruptive acts.
He emphasised the need for young people to play critical roles in peace sustainance across Evo Kingdom and beyond.
“You must not allow yourselves to be used as instruments of violence. Channel your energy toward productive engagements that is capable of promoting unity and peace”, he said.
He further urged parents and guardians to pay closer attention to their children and wards during the holiday period.
The monarch also noted that seasonal gatherings often expose young people to negative influences and that family oversight was essential to preventing misconduct.
On security preparedness, King Eke disclosed that both local vigilantes and formal security agencies have been placed on heightened alert to ensure a hitch-free festive period.
He noted that the safety of the community remained a collective duty and encouraged residents to promptly report suspicious activities to the appropriate authorities.
The King cautioned against jungle justice and retaliatory actions, advising that disputes be resolved through lawful and peaceful channels.
He also lauded the efforts of the Rivers State Governor, Sir Siminalayi Fubara, over his relentless push for peaceful environment in the state.
King Onunwor
Rivers
‘Poor Funding, Bane Of RSU’s Academic Progress’ … As 1,356 Set For Convocation
The management of Rivers State University (RSU), Port Harcourt, has stated that poor funding has hindered the institution’s ability to meet its expected academic targets.
Vice-Chancellor of the university, Prof. Isaac Zeb-Obipi, made this statement during a press briefing held at the institution on Monday ahead of the week-long 37th and 38th combined convocation ceremony scheduled for today and tomorrow.
Prof. Zeb-Obipi emphasized that poor funding continues to be a major challenge limiting the institution’s ability to meet its targets, adding that the management of the institution trusts the State Governor, Sir Fubara Siminalaye, who is the visitor to the university, to continue to strengthen and support them.
He noted that the state governor has demonstrated his commitment to supporting the university, recently approving N700m for the ongoing NUC accreditation.
The Vice-Chancellor stated that the university faces deficits in classrooms, staff accommodation, and student hostels, with the infrastructure gap widening, and existing lecture halls and laboratories requiring renovation.
“We are prioritizing phased upgrades based on program needs,
He added that the university is short-staffed, having lost staff to retirement, death, and changes in job or place of work, and that new programs, departments, and faculties have been created to meet the contemporary needs of society.
Mean while,a total of 13,242 students are set to graduate in the combined convocation, with 10,648 undergraduates, 1,356 Master’s degree students, 700 postgraduate diplomas, and 538 Doctors of Philosophy.
The Vice-Chancellor also used the opportunity to list some achievements of his administration, including the creation of new directorates, completion of abandoned laboratories, and upgrades in the faculty of sciences, made possible with support from the Tertiary Education Technology Fund (TETFund).
He expressed appreciation to the governor and visitor to the university, Sir Siminalaye Fubara, for approving his appointment and promised to justify the confidence placed in him.
Akujobi Amadi
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