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.
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PR Professionals Must Rebuild Public Trust – Eze Gbakagbaka

The Eze Oha Evo III of Evo Kingdom, Nyerisi Eli Woji (Eze Woji XII), His Majesty, King Prof. Leslie Nyebuchi Eke, Eze Gbakagbaka, has called on communication professionals to rise above routine narratives and become vanguards in rebuilding public trust in the face of Nigeria’s challenging economic realities.
The revered monarch made the charge while delivering the Chairman’s Opening Remarks at the 2025 Annual Conference of the Nigerian Institute of Public Relations (NIPR), Rivers State Chapter, held in Port Harcourt, with the theme: “Refocusing Stakeholders’ Engagement and Public Trust in a Challenging Economy.”
The event, which drew leading figures in public communication, governance, and industry, witnessed presentations, keynote addresses and robust deliberations aimed at repositioning the PR profession to respond to national realities with innovation and integrity.
In his remarks, HM Eke commended the Rivers State Chapter of NIPR, led by Rev. Francis Asuk, for what he called its unwavering commitment to professionalism, knowledge-sharing, and continuous dialogue on issues affecting the nation’s social and institutional fabric.
He noted that the theme of the conference could not have been more appropriate, considering the current national climate where public confidence in institutions is at an all-time low, and economic uncertainties have strained relationships between stakeholders and the state.
“We are living in a season when trust has become a scarce commodity. Citizens are asking tough questions, and institutions are struggling to maintain credibility. In such a time, the role of the Public Relations professional becomes even more crucial”, he said.
The Eze Gbakagbaka, who is the Chairman, Supreme Forum of Ikwerre Government Recognized Traditional Rulers, noted that Public Relations practitioners must understand their strategic role as mediators between the people and the truth, adding that the tools of their trade: honest communication, transparency, and empathy, must be wielded with renewed purpose and patriotism.
“You are the bridge between the people and the truth; between perception and reality. Your work determines whether society believes, doubts, or hopes again. Let this conference remind us that trust is not demanded, it is earned”, he urged.
He emphasized that the restoration of trust in both public and private sectors requires consistent, deliberate, and sincere stakeholder engagement.
According to him, when communication is driven by integrity, not propaganda, society will gradually find its voice and confidence once again.
“With transparent communication and genuine engagement, even in a difficult economy, confidence can be restored”, the monarch said, urging the delegates to see themselves not just as professionals, but as nation-builders with a moral obligation to influence public perception positively.
The Evo apex King, who is also a Fellow of the Institute, called on participants to approach the discussions with open minds and patriotic intent, stressing that every contribution must be geared towards rebuilding national cohesion and institutional trust.
“With a deep sense of honour and responsibility”, he declared, “I, His Majesty, King Leslie Nyebuchi Eke, JP, Eze Gbakagbaka, Eze Oha Evo III of Evo Kingdom, Nyerisi Eli Woji (Eze Woji XII) and Chairman, Supreme Forum of Ikwerre Government Recognized Traditional Rulers, formally declare open the 2025 Annual Conference of the Nigerian Institute of Public Relations, Rivers State Chapter to the glory of God and for the good of our society.”
At a post conference courtesy call at the instance of the Eze Gbakagbaka, the President of the Association, Dr. Ike Neliaku, described the Kung as an astute Fellow who is determined to add colour to the Institute regardless of any odds.
Also, the Council Member, Pastor Palunius Nsirim, who corroborated the President’s position, noted that His Majesty’s recognition was something valid given his contributions to the growth of the association.
“We value your presence with us. We will continue to benefit from your wise counsel. We won’t take your support for granted”, he said.
Climax of the visit was the decoration of Dr. Neliaku by the Evo apex King as a Honorary citizen of the Kingdom.
By: King Onunwor
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