Business
Bizman Tasks LGA On Public Private Partnership
A call has gone to the leadership of Opobo/Nkoro Local Government Area of Rivers State to urgently partner with the private sector for the provision of infrastructure, peace and security that would enhance business growth in the LGA.
A business manager, Mr Jobson Manfred Obomanu, stated this to The Tide last weekend at Queenstown-Opobo in an interview on the absence of formidable business drive in the LGA.
According to him, government’s efforts to diversify the economy and reduce dependence on importation should be undermined by value-chain operators, farmers and providers of key raw materials who would rather export raw commodities for foreign exchange than sell to local producers at market prices.
He also noted that successive governments in the LGA had been dedicated to the provision of the best opportunity of Opobo/Nkoro indigenes socially, economically and politically.
On the heel of development, the business expert also charged the Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHACCIMA) to keep an eye on the business cash flow, cutbacks, unnecessary expenses with respect to marketing and advertising and to be committed and lead by example which he described could make the organisation to stand tall in the business world.
He further advised the chamber to collaborate, as well as solidify with the policies and programmes of Governor Nyesom Wike and Mr Datubo Omubo-Pepple governments in the effort of providing Rivers and Opobo/Nkoro indigenes with enabling environment for the entire state and local government are to become a reality in terms of infrastructural development such as roads, power generation, serene environment, potable water, among others , that form the bedrock for accelerated economic transformation.
Obomanu stressed that with more emphasis and priority attention on development of oil and gas sector, agriculture and agro-technology, the people in the LGA enjoy multi-income economy in the nearest future.
He also confided in the chairman and the good people of the LGA that, this is the second ever opportunity to air this view for government to look into and apply for the betterment of the people in the areas of business development and other necessity of the citizenry.
Obomanu, who urged the chairman and his team to always reside in Opobo Town to deliver the dividends of democracy to the people, advised them to ensure that the administration, as a matter of fact should partner with private sector for the growth of the economy.
Bethel Sam Toby
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.