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Poor Performance: Wike Threatens To Sack Task Force On Street Trading …Pledges Support For Indigenes Who Invest In Rivers
The Rivers State Governor, Chief Nyesom Wike, has declared that if the productivity of the Task Force on Street Trading, Illegal Markets and Motor Parks continues to decline, he would dissolve the task force.
Addressing members of the task force at the Government House, Port Harcourt, yesterday evening, Wike regretted that the operatives have compromised in some locations, negatively affecting their performance.
He said that the task force through reduced performance has allowed street traders to return to Mile One, Air Force Junction, Rumuokoro and Agip areas of the state capital.
He, however, praised the team operating in Garrison.
He said: “If the productivity of the task force continues to go down by tomorrow, I will dissolve the task force. We will not tolerate a situation where the progress we have made is reversed”.
Wike warned the operatives of the Task Force on Street Trading, Illegal Markets and Motor Parks against acts of extortion, saying that they must focus on their official responsibility.
He said: “All acts of extortion must stop forthwith. Any operative found wanting in this regard will be sanctioned. There is no reason why you should receive bribes from defaulters”.
The governor said that leaders of non-performing zones must rise up and work hard to ensure that the streets are free from illegal traders and motor parks.
He warned members of the public against physically assaulting operatives of the task force.
The governor noted that going forward; the state government would take measures to protect the operatives from criminal elements.
“From now on, we will change our strategy. We are going to activate communication outlets for immediate response whenever criminal elements attack the operatives. Security operatives will be on ground for rescue operations when the need arises.
“We must show that we are ready to protect the operatives at all times. We are determined to clean up our streets, stop illegal trading and improve all round security”, he said.
Wike said that the task force started excellently, noting that they should not allow themselves to end badly.
He said that if this set fails, they would be shown the way out, and wondered why operatives would be complaining about their monthly allowances when they earn more than some civil servants.
Wike urged them to see their appointments as a privilege to serve the state and build their future.
The governor said it was the same way that some members of the State Executive Council complained that they were not getting anything from the administration, but they are now lobbying extensively to return to government.
He informed that an additional 200 operatives would have their biometrics captured, today, to strengthen the capacity of the task force.
Wike said that his commitment to return Port Harcourt to its Garden City status would not be compromised on any account, and reiterated that Rivers interest was his priority.
Meanwhile, he Rivers State Governor, Chief Nyesom Wike has assured that he would continue to support those who invest in the state with a view to strengthening the economy for the good of Rivers people.
Commissioning Vino Emporium in Port Harcourt, last Friday, Wike said that Rivers indigenes who invest in the state were true lovers of the state and people.
The governor said: “I am here to support Dr Abiye Sekibo for this investment. It gives me pleasure anytime Rivers people invest in the state. These investments generate employment for our people.
“He has supported the economy of the state, instead of standing aloof to de-market the state like others do”.
He explained that Rivers people need to continue investing in the state because even after his constitutionally approved second term, the state will remain constant.
“After my second term, another person will become governor. Rivers State is constant and that is the reason why it should not be de-marketed by any Rivers son or daughter”, he said.
The governor called on Rivers people to patronise the new recreational facility, for it to stabilise and grow.
In his remarks, Imo State Governor, Rt Hon Emeka Ihedioha said his visit to the facility was symbolic as it would cement the relationship between Rivers and Imo states.
He said that his victory during the election was made possible because Wike rescued the PDP and created a platform for Imo people to vote the party into power.
In his response, the Chairman of Vino Emporium, Dr Abiye Sekibo said that he decided to set up the facility because of the “Invest in Rivers” campaign of the governor.
Sekibo said that the facility was the first of its kind in the state.
He said wines in the facility were carefully selected to serve the good people of Rivers State.
The commissioning programme attracted notable personalities from across the country.
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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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