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Rivers Signs MoU For N10bn Banana Plantation …Amaechi Assures Quick Gains For Investors
The Rivers State Government has signed a Memorandum of Understanding (MoU) with Union De Initiative SA DE CV of Mexico, for the establishment of a N10billion banana plantation in the state.
The commissioner for Agriculture, Mr Emmanuel Chinda who performed the ceremony on behalf of the state government in his office in Port Harcourt, said that the state government would contribute 40 per cent of the project sum while the Mexican firm will contribute the remaining 60 per cent.
Mr Chinda said that the plantation which will be sited in the Ogoni axis of the state, is meant to generate employment opportunities for the people of the state.
The Commisisoner also said that the plantation is part of the programme put in place by the government for the establishment of large-scale farms in the state.
“The state government is laying a lot of emphasis on large scare agriculture, we will re-examine all we have done in the area of agriculture so far, and try to raise the value chain of that sector so that it creates the necessary employment , that is supposed to be for our people”, he said.
He used the occasion to assure the Mexican investors of government’s preparedness to assist in the realization of the project.
Speaking on behalf of the firm, Mr Gabriel Airedondo said they were proud to partner with the state government in the establishment of the plantation, describing it as a historic event.
The Permanent Secretary in the Ministry of Agriculture, Mrs Jokotade Adamu thanked them for their interest and stressed the need for the establishment of a factory that will process the banana harvested from the plantation.
Meanwhile, the Rivers State Governor, Rt. Hon Chibuike Amaechi has assured prospective investors in the N250 billion Rivers bond of quick returns on their investment.
Governor Chibuike Amaechi gave the assurance, on Monday, when a team of Standard and Poors – an International public finance rating body led by its Director, International/Sovereign Public Finance, Mr. Lorenzo Pareja paid him a courtesy visit in Government House, Port Harcourt.
Governor Amaechi disclosed that the State has worked out modalities for paying back the loan. His words, “we assure all those who would invest in the bond that they would get back their money with good returns in good time.”
The Governor who reiterated the rationale behind going for the bond, averred that the bond is aimed at assisting government fund on-going projects such as the new M-10 Highway, the Greater Port Harcourt City, the Monorail, the New Mega Hospital, the new Rivers State University of Science and Technology complex and several other landmark developmental projects.
“What I’ve told them is, we must pay back within our tenure,” the governor said.
According to the Rivers State Chief Executive, the state government would not wait for the monthly revenue allocation to drive development.
“This administration needs money to complete its projects. Our target is to be able to fund capital expenditure. If we wait for Federal Government revenue, we may not be able to complete our projects on time.”
He added that, “in the next four years our projected revenue is estimated to be between 900 billion and 1 trillion naira.”
He disclosed that currently the internally-generated revenue has risen from N4.5 billion to N5 billion which makes the State viable to repay its debts without stress.
Earlier in his remarks, Mr. Pareja intimated the Governor that the team was in the State to carry out its yearly monitoring and assessment of the Rivers State credit ability.
So far, he said that the State has shown remarkable improvements in the management of its resources and governance in general.
Considering the current economic boom the state is witnessing, the Standard and Poor’s Director stated that the government could go ahead to issue the bond, noting that it is in line with the Rivers State capital expenditure.”
“We have heard of plans by the State to issue bond in the capital market. This is quite historic because it’s the first time Rivers State is doing it. N250 billion capital expenditure is a substantial investment.
“We hope that this very remarkable investment plan will have a lasting impact on the State and its internally generated revenue.” Pareja said.
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May Day: Labour Seeks Inclusiveness In Policy-making

The Organised Labour yesterday, called on the Federal Government to ensure inclusiveness in policy making and guide against erosion of rights, such as free speech and association.
The President, Nigeria Labour Congress (NLC), Mr Joe Ajaero made the call at the 2025 Workers’ Day celebration held at the Eagle’s Square, Abuja.
The Tide source reports Ajaero and the President, Trade Union Congress, Mr Festus Osifo delivered a joint statement on behalf of the organised labour at the event.
Ajaero described May Day as, not only a moment to honour workers’ sacrifices, but also a platform to demand justice and accountability from those in public office.
He frowned at the alleged suppression of protests, and the erosion of rights of workers by some agents
According to him, workers have a duty to resist economic injustice, insecurity, and policies that undermine their dignity.
Speaking on the theme of the day, the NLC President underscored the need for Nigerian workers to reclaim the civic space and resist policies that contribute to worsening economic conditions.
“Our theme this year – “Reclaiming the Civic Space in the midst of Economic Hardship – reflects the urgent need for citizens to protect democracy and push back against repression.
“The civic space, where Nigerians express their concerns and challenge injustices is shrinking.
“If we fail to reclaim this space, the foundation of our democracy risks collapse,” he said
Ajaero, therefore, urged workers to unite and resist division, fear, and despair.
He also urged them to mobilise and organise for change, declaring that the right to demand better conditions is non-negotiable.
“Without workers, there is no society; without labour, there is no development. We must take our place in the fight for economic justice and democratic governance.”
Speaking in the same veins, Osifo said workers are the backbone of the nation—the educators, healthcare providers, builders, farmers, and innovators who sustain its economy -.
He stressed the need for the labour to reclaim the civic space even in the midst of economic hardship.
News
2025 UTME: JAMB Disowns Site Requesting Payment From Candidates

The Joint Admissions and Matriculation Board (JAMB) has disassociated itself from a fraudulent site requesting payments from candidates who missed the ongoing 2025 Unified Tertiary Matriculation Examination (UTME).
The board said that the site, “Copyrightwriter Personal J Rescheduling Flw” and account number 8520641017 at Sterling Bank, associated with it, are scam.
The disclaimer is contained in a statement made available to newsmen in Abuja on Thursday by the Board’s Public Communication Advisor, Dr Fabian Benjamin.
Benjamin said the account is being exploited to defraud unsuspecting candidates who missed their UTME.
“We issue this urgent notice to inform the public about this nefarious scheme targeting candidates who were unable to participate in the UTME.
“Some unscrupulous individuals are deceitfully soliciting payments of N15,700 under the false pretence of offering rescheduling services for the examination.
“Let us be unequivocal: this, it is a blatant scam, and we are confident that the public will not fall prey to such cheap and regressive tactics.
” The individuals behind this scam have no affiliation with JAMB or any legitimate government agency.
“The account details provided in these communications are entirely fictitious and bear no connection to any official processes; they exist solely for the purpose of perpetrating fraud,” he said.
Benjamin called on Sterling bank to take immediate and decisive action against this criminal activity.
According to him, JAMB has reported the matter to the relevant security agencies and actively pursuing those responsible for this deceitful act.
He further said that “JAMB does not reschedule examinations for candidates who miss their scheduled tests due to reasons unrelated to the Board’s actions”.
He, however, said that the Board is conducting a thorough investigation for candidates whose biometrics failed during verification and were thus unable to sit for the examination.
He said those without discrepancies would be invited to retake the examination at no cost , stressing that “no cost is required”
“It is imperative to understand that JAMB does not charge any fees for examinations after a candidate has completed their registration.
“We strongly urge all candidates to remain vigilant and not to succumb to these fraudulent schemes.
“Protect yourselves and report any suspicious activity immediately,” he explained.
News
NDDC Seeks UN’s Support To Accelerate Niger Delta Development

The Niger Delta Development Commission (NDDC) has expressed its willingness to partner with the United Nations (UN) to accelerate the development of the Niger Delta region.
Dr Samual Ogbuku, Managing Director of the NDDC, made the appeal in a statement issued by the commission’s Director of Corporate Affairs, Mrs Seledi Thompson-Wakama, in Port Harcourt on yesterday.
According to the statement, Ogbuku sought the UN’s support during his visit to the UN Resident and Humanitarian Coordinator (UNRHC), Mr Mohammed Fall, at the UN regional office in Abuja.
He called on the global body to provide the NDDC with technical assistance and expert services to support the region’s development.
“We are eager to collaborate with the UN, recognising that the state governments in the region and the NDDC alone cannot achieve the level of regional development required,” he said.
Ogbuku identified key areas where support would be needed, including the provision of portable and affordable drinking water powered by high-tech solar energy sources.
He also highlighted the importance of reforesting the mangrove swamps, which have been severely damaged by decades of environmental degradation caused by oil exploration in the Niger Delta.
“Although the NDDC has made progress in providing solar-powered streetlights across the region, we still require UN support in delivering solar energy solutions for residential buildings.
“We also wish to explore the possibility of installing solar mini-grids in homes across communities, which would boost local commerce and trade,” he added.
The NDDC managing director further appealed for increased UN involvement in areas such as healthcare, education, youth training, gender development, and food security.
Ogunku stated that such interventions would significantly enhance the standard of living in the region.
In response, Fall affirmed the UN’s readiness to collaborate with the NDDC to fast track development in the Niger Delta.
He assured that the UN would support initiatives in food security, job creation, education, and renewable energy, among other areas.
“We aim to approach development in the Niger Delta holistically, rather than focusing solely on environmental pollution.
“This is merely an entry point; however, the UN’s development vision aligns with the Sustainable Development Goals (SDGs), which are designed to positively impact various aspects of people’s lives,” Fall stated.
He assured the NDDC of continued and fruitful engagements to drive the region’s development.
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