News
‘Nigeria May Lose Billion Investments In Oil Palm’
Billions of investments pumped into oil palm sector of the economy by Nigerians, who heeded calls by the Federal Government in the last three years for private intervention, are at the verge of going down the drain.
Major stakeholders in the sector said they were at the point of bankruptcy because of unprecedented smuggling of palm oil, due to Nigeria’s porous borders, coupled with claims that they (investors) had been shut out by banks from accessing need credit facilities owing to unsettled credits and loans running into billions of Naira.
Their outcry is contained in a letter entitled: SOS to the Federal Government on illegal entry of Crude Palm Oil (CPO) into Nigeria, to President Muhammadu Buhari, under the aegis of the National Palm Produce Association of Nigeria (NPPAN) and signed by NPPAN Ambassador, Engineer Dele Olanubi; chairman (Ondo State chapter), MrBolarinwaAdetula and the state coordinator, Chief AbiodunAdejo.
They believe Nigeria currently loses more than $500m worth of palm oil yearly, owing to sharp practices in official circle, with the attendant consequences on the industry, warning that, “The job of millions of Nigerians are at stake if positive steps are not taken to stop illegal entry of Crude Palm Oil (CPO) to Nigeria before it is too late.”
Central Bank of Nigeria (CBN) Governor, Godwin Emefile, once raised a similar alarm over increasing threats to investments in the sector, which, in the early 1950s, Nigeria had 43 per cent of the global market and derived 82 per cent of its export revenue.
Malaysia and Indonesia, the two leading palm oil producers now, obtained the seedling from Nigeria at the time it was the number one palm oil-producing nation in the world.
In the letter, the stakeholders regretted that all their human and capital outlay was currently threatened because of the increasing hostile business climate occasioned by the lackadaisical attitude of the government to its clamour for diversification of the economy and protection for genuine investors.
They noted that act of economic sabotage going on at the borders encouraged unscrupulous elements to bring in palm oil into Nigeria, with serious negative effects on local production and price index.
“The immediate effect of the whole analysis is the ridiculous prices (prices below the cost of production to oil palm plantation owners) being dictated by buyers of CPO,” they stressed.
Part of the letter read: “Three years down the line of the life of this administration, we were called upon to go back to the land to produce food and agro-allied input for our industries so as to give life to our economy.
“Our members under the auspices of the National Palm Produce Association of Nigeria (NPPAN) mobilised all its members to go back to all abandoned plantations and also encouraged the planting of new fields so as to increase the palm oil output of Nigeria, thus reducing the outflow of hard foreign exchange, as well as reducing unemployment.
“Today, the picture before the Association is as follows: We got little or no leverage from the government, critical among the expected leverage from the government are bank loans to our members nationwide.
News
Forum Expresses Confidence In APC Candidates’ Performance In Rivers
The Rivers State chapter of the All Progressives Congress Christian Leaders Forum has expressed strong confidence in the capacity of All Progressives Congress (All Progressives Congress) candidates in the state to deliver effective governance if elected into office in the coming elections.
The State Coordinator of the forum, Archbishop Lucky Aroh, made this known during a breakfast and thanksgiving meeting held in Port Harcourt, where leaders gathered to pray for the stability of the party and the safety of its candidates ahead of the 2027 general elections.According to him, the meeting was convened to seek divine intervention for peace, unity, and security among APC candidates across Rivers State.
“Today we are praying for APC stability in Rivers State and the security of our candidates that have been elected to contest the 2027 elections. It is a breakfast meeting,” Aroh said.
He further expressed optimism that the party’s candidates would not disappoint the people if entrusted with leadership responsibilities.
“They will not fail when elected into office. We are here as fathers of the land to let them know, and I must tell you the truth that these are the authentic people that will do well in Rivers State,” he added.
Speaking earlier, the National Chairman of the forum, Professor Olanrewaju Abraham, commended the Rivers State chapter for organizing the programme, noting that the national body of the forum believes strongly in the power of prayer.
He stated that political leadership provides an opportunity to influence society positively, including advancing moral and spiritual values, while expressing confidence that APC candidates at all levels would emerge victorious in the upcoming elections.
Also speaking, the Rivers State Women Leader of the APC, Hon. Darling Amadi, praised the forum for its commitment to prayers for peace, stability, and the protection of party candidates.
Represented by the Deputy Women Leader of the party in the state, she described the initiative as commendable and urged other political and support groups within the party to emulate the gesture in promoting unity and stability.
By: John Bibor, Menebe Emmanuel & Fortune Paibi
News
Okafor, Eminent Nigerians Celebrate Osagwe-Ogo At 70
Prominent businessman and philanthropist, Elder Anthony Osagwe-Ogo, was celebrated in grand style as he marked his 70th birthday anniversary, with distinguished Nigerians, business leaders, and golf enthusiasts gathering to honour his remarkable contributions to society.
The colourful celebration took place at the Port Harcourt Golf Club, where friends, associates, and well-wishers converged to pay tribute to the revered elder statesman.
Chairman of the occasion, High Chief (Dr.) Ikenna Okafor, described the celebrant as a detribalised Nigerian whose generosity, humility, and commitment to humanity have earned him admiration across different communities and backgrounds.
According to Dr. Okafor, Pa Osagwe-Ogo’s impact on society and the development of his community remains unparalleled. He noted that members of the golfing community are proud to be associated with a father figure who consistently promotes the welfare and well-being of those around him.
He further stated that the history and growth of the Port Harcourt Golf Club cannot be told without acknowledging the significant role played by the celebrant, whose wisdom, encouragement, and leadership have helped sustain the club over the years.
“We are here to celebrate a man who has impacted humanity positively, a peace-loving individual and an epitome of hope for the younger generation. We pray to emulate his virtues. Today, we celebrate a bridge-builder, a trailblazer, and an iconic leader whose life continues to inspire many,” Dr. Okafor said.
He expressed delight at the large turnout of guests from various walks of life, describing it as a testament to the respect and affection Pa Osagwe-Ogo commands within and beyond Rivers State.
In his response, the celebrant, Pa Anthony Osagwe-Ogo, expressed profound gratitude to God for preserving his life and granting him the privilege of attaining the milestone age of 70.
He also thanked members of the Port Harcourt Golf Club, family members, friends, and associates for identifying with him during the celebration and for their unwavering support over the years.
The event featured the cutting of the birthday cake, presentation of awards to deserving members of the club, goodwill messages, and moments of celebration among guests.
The ceremony was attended by notable personalities from the business community, the golfing fraternity, and other sectors, all of whom joined in celebrating the life and legacy of the respected elder statesman.
News
Fubara Commended For Sustaining Peace In Rivers As Sirawoo Receives Democracy Day Recognition
Rivers State Governor, Sir Siminalayi Fubara, and the Permanent Secretary of the Rivers State Ministry of Information and Communications, Dr. Honour Kuru Sirawoo, have been honoured with awards of recognition in connection with the 2026 Democracy Day celebrations held in Port Harcourt.
The awards, which formed part of activities marking Nigeria’s Democracy Day on June 12, were formally presented on Tuesday at the Ministry of Information and Communications in Port Harcourt.
Presenting the awards was Hon. Abdul Hameed Oladipupo Alli, popularly known as “Mr. Nigeria,” Publisher of Asiwaju Trumpet Magazine and Achievers World International Magazine.
Governor Fubara was recognised for his efforts in sustaining peace, stability, and a conducive political atmospherJohn Bibor / Menebe Emmanuel / Fortune Paibie in Rivers State. The organisers noted that his administration has fostered harmony and strengthened civic participation across the state.
Dr. Sirawoo, on the other hand, was honoured for his exemplary administrative leadership and significant contributions to effective information management within the Ministry of Information and Communications.
Representing Dr. Sirawoo at the presentation ceremony, Dr. Christian Davies received the award on his behalf and expressed gratitude for the recognition. He described the honour as a reflection of Dr. Sirawoo’s unwavering commitment to professionalism, excellence, and dedicated public service.
Dr. Davies assured the organisers that the award would be formally conveyed to the Permanent Secretary.
The event also featured the presentation of commemorative publications highlighting major governance and civic milestones in Rivers State, including Easter celebrations, Workers’ Day activities, the Governor’s third anniversary in office, and Democracy Day programmes.
Organisers of the awards commended the Rivers State administration for what they described as sustained peace, political stability, and improved civic engagement, noting that these achievements have contributed significantly to the state’s continued development.
By: Jessica Sambol
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