Business
Improved Security, Repairs Excite Commuters On Rivers Road
Commuters using the
Trans-Kalabari Road in Rivers State have heaned a sigh of relief, following increased security presence on the road.
Chairman of the National Union of Road Transport Workers, (NURTW) Abali Park, Buguma Section, Isaac Abraham, while speaking to newsmen in Port Harcourt recently said the road now has three military checkpoints as against one military checkpoint formerly providing security for the road.
He said since the re-inforcement of security operatives, there has been a sharp drop in the spate of criminal activities perpetrated on that road.
The NURTW boss also lauded the state government for repairing the bad portions of the road which had previously aided the activities of the robbers and kidnappers.
“The government has put in place a very good security arrangement.
“You can now drive without stress and the road has been undergoing maintenance consistently since last week”, he said.
According to him, commuters no longer entertain fears while travelling to Buguma, Abonnema and other Kalabari Communities connected by the road.
“We have three check points now on the road and for now the entire area is peaceful and I thank God for the government of Rivers State for acting so fast, because security is very important”, he said.
He expressed delight that people who were afraid to travel to Buguma and elsewhere before are now doing so without fear of molestation by hoodlums on the trans-Kalabari road.
It could be recalled that The Tide recently reported the fear expressed by commuters on the activities of hoodlums due to the poors state of the road.
Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, signifying a positive balance of N2.22 trillion month-on-month.
Year-on-year, the figure represents a nine per cent increase compared with the N76.13 trillion recorded in June 2025. The latest figures come as the CBN continues to balance efforts to control inflation with the need to support economic growth and expand credit to businesses.
The CBN data shows that credit to Nigeria’s private sector increased by approximately 2.74 per cent month-on-month between May and June 2026. Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion. Other assets, net, dropped to N10.76 trillion from N12.63 trillion.
The credit surge signifies sustained growth in lending to businesses and other private-sector borrowers during the month. The rise in private sector credit was recorded alongside an increase in net domestic credit, despite declines in credit to government and other assets.
Further analysis of the report says that compared with June 2025, private sector credit rose by about N7.13 trillion yea-on-year but net domestic credit increased by approximately N1.87 trillion during the month.
The CBN’s relatively tight monetary policy stance notwithstanding, more banks still loaded funds to the private sector within the period. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 306th meeting on July 20 and 21.
The Committee reviewed recent developments in the global and domestic economies, assessed emerging risks to the outlook and considered their implications for monetary policy and retained all rates.
The Committee decided to retain the Monetary Policy Rate at 26.5 per cent; the Standing Facilities Corridor around the MPR at +50/-450 basis points and retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45.00 per cent, Merchant Banks at 16.00 per cent, and non-TSA public sector deposits at 75.00 per cent.
The MPC decision means that credit extension in the private sector will likely continue to rise because of rising confidence in the sector and calls by stakeholders for banks to invest in the private scetor instead of government securities.
