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Giving More Attention To Rural Economy
A foreigner who spent the last Christmas holiday visiting rural communities in southern parts of Nigeria expressed delightful surprises at the enormous potentials in rural Nigeria. From wide expanse of land, human resources, to diversity of culture, the visiting Professor could not hide his joy that “Nigeria is richly blessed.” Before leaving for Australia, he made suggestion that Nigeria’s intellectual elite should draw attention of the nation’s leaders and lawmaakers to focus on rural economy. Obudu cattle Ranch and other tourist facilities in Cross River State gave him great joy.
It hardly makes any news to say that the Nigerian polity is urban-based; with little attention given to developing rural communities. It is needful that definite policies and programmes should be designed for purposes of ensuring that development is balanced rather than urban-base. In a broad sense, rural economy goes far beyond agricultural and other traditional activities for survival of the rural people. Neither should people living and working in rural communities be seen as inferior citizens.
It is true that the phenomenon of rural-urban migration has been with us in the past 60 years, arising from prospects of a “better life in the city.” This also arose from the phenomenon of concentrating development project largely in urban centre.
Obviously, people like to move where the grass is greener.
A sociological study done some decades ago came up with some findings that “village mindset means attitudes and boredom” were contributing factors which drove youths to urban towns. People definitely long for opportunities to widen their scope of experiencing which wider rather than restricted environments can often provide. Therefore, there should be no blames for people waiting to explore wider human environments, away from villages.
Planned development programmes are meant to be comprehensive in nature even through the process would be taken in phases, according to available resources. Thus, there are long-scale infrastructural and other long-term development projects, as well as short-term micro-projects and emergency intervention programmes meant to address some immediate needs. But as the whole, since development is meant for the wellbeings of humans and their environments, attention should be given to urban as well as rural areas.
Similarly, attention cannot be focused solely on physical aspects of development, without taking along the total ennoblement of the human being. From formal education involving and including the acquisition of relevant skills, to the inculcation of moral and ethical values, development remains a vehicle for human wellbeing. For rural dwellers, economic needs for survival purposes, must also be balanced by recreational needs for health and emotional wellbeing, involving various diversions.
One of the issues which excited a visiting Professor of Rural Sociology was a traditional dance having to do with Nchaka Festival of Ogba people. The foreigner was so fascinated that he requested to have a video coverage of the whole proceedings.
It was natural that he emphasised the issue of giving more attention to recreational and traditional music, dances, festivals and other diversions of rural communities in Nigeria. Why would Nigerian politicians and successful businessmen not become sponsors and patrons of various rural activities which can be developed and showcase at international fora?
There are various traditional music, dances, clubs and masquerades-societies whose cultural and aesthetic values call for documentation and preservation. Some individuals and authorities should take interest in raising some cultural activities to high level of global recognition. Even though some cultural displays may be shrouded in secrecy and mystery; there is a need that they should feature in the development of rural economy.
If economy is understood as including careful use of money, time, good and cultural resources so that nothing is wasted, then, rural communities deserve close attention. Does a responsible government not have a duty towards rural dwellers with regards to how they get on and to ensure that no asset is wasted? There are human talents and abilities that can be identified and encouraged in humble rural communities. Development includes talent-hunt.
While we may not force people to stay and work in rural communities, a number of conditions can be put in place to encourage people to live and work in villages. With stable electricity supply and availability of water in villages, rural communities can be made conducive and attractive for young men and women to live in. The problem of road and transportation would be less stressful if electricity and water are available in villages.
Security was one problem which drove some people away from villages, particularly when some cult groups and kidnappers terrorized some villages.
State agencies and multi-national oil and gas companies which make their wealth from rural communities can help in various ways to make life in villages safer and comfortable. One way to do so is the siting or shifting of the venue of some conferences and short-term activities to rural communities. Arrangements for security and accommodation can be made for the period that such activities would last.
Sporting activities and other state functions can also be held in each of the local government headquarters, on rotational basis. These can be some interim ways of boosting rural economy and giving recognition to various rural communities. When some activities take place in local rather than state headquarters, learning and economic opportunities would expand. Local tourism can be encouraged.
Bright Amirize
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.
Featured
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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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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