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Wike Orders Demolition Of Shanties …Promises To Intensify Projects’ Delivery …Meets Artisans, NURTW, Others,Today
The Rivers State Governor, Chief Nyesom Wike, has ordered immediate demolition of all illegal structures in and around the Government Craft Development Centre (GCDC), Port Harcourt.
The governor gave the order, yesterday, while inspecting some ongoing projects in Port Harcourt and Obio/Akpor local government areas.
He expressed worry that the shanties were defacing the school environment and also harbouring criminals.
“I have seen that there are so many shanties in the school premises and we will not allow that.
“So, I have directed that tomorrow (being today), we are going to demolish all the shanties. We will not allow it all and then give the quality we want to give our people”, the governor said.
The governor said that the new mandate of four years given to him by Rivers people, to him is like four months, stressing that he has no time to waste in ensuring that he gives the people the best.
Wike said: “I know that it will hurt people, but there is nothing we can do in the interest of Rivers people”.
He maintained that his administration’s determination to give the best to the people has no sentiment attachment at all.
“You can’t believe that we could have shanties in the environment of a school. Here you can see criminals going there, we can’t allow that.
“It doesn’t matter who voted for us and who did not vote for us.
“First of all, we are talking about security. We will have to secure the school environment and then we talk about quality”.
At the Mother and Child Hospital, Wike said that so many errors have been discovered and this would necessitate extension of time to deliver the project and also achieve the standard needed.
The governor said: “I can’t say specifically when the project would be completed because we have identified so many errors in the hospital and I don’t think that is the standard we want to give to our people.
“So, I believe that if the contractors work well the way we have agreed, in the next three months, we should be able to complete, but I doubt”.
“It is quite bad that the contract was not awarded by us at the initial time and the contractor wasn’t that competent. So, we can’t give Rivers people that kind of standard or quality”, he said.
Meanwhile, the Rivers State Governor, Chief Nyesom Wike will today meet with some artisans, motor park operators, car dealers, and officials of the National Union of Road Transport Workers (NURTW), among others.
The meeting scheduled to hold at the Banquet Hall of the Government House, Port Harcourt by 2pm, would have in attendance, all those who operate roadside mechanic workshops, all those who run private motor parks, roadside car dealers, NURTW officials, and all trader/market unions in the state.
A statement signed yesterday by the Special Assistant to the Rivers State Governor, Electronic Media, Simeon Nwakaudu, indicated that “All those invited to meet with the Rivers State Governor are expected to be seated by 1.30 pm at the Banquet Hall of Government House, Port Harcourt”.
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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Fubara Redeploys Green As Commissioner For Justice
The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
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