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Implementation Of New Naira Policy Is Anti-People, Wike Tells Buhari …Insists Cabal In Presidency Backing Atiku
Rivers State Governor, Chief Nyesom Wike, has advised President Muhammadu Buhari to reconsider the manner with which the currency redesign policy is being implemented because it is anti-people.
Governor Wike maintained that those who recommended this apparently anti-people monetary policy do not love the President and are bent on tarnishing his legacies.
The governor stated this at the Comprehensive Secondary School field, Ibaka Town, Okrika Island, during the Rivers State Peoples Democratic Party (PDP) Campaign Flag-off Rally for Okrika Local Government Area, last Friday.
Governor Wike, in a statement by his Special Assistant on Media, Kelvin Ebiri, urged President Buhari to take a critical look at the socio-economic chaos and hardship that the exercise has caused, and revisit the policy in order to curb the pains of Nigerians.
According to him, “This policy is anti-people. The new Naira note is not there. Even though I have money in my account, I cannot get N10,000. I cannot go and buy fuel. Who is losing? Is it not the masses? Is it not the people?”
He advised the President to stop listening to those who advise him on this monetary policy under the guise that it will curb vote buying, saying those advisors do not mean well for Nigerians and cannot feel their sufferings.
Governor Wike also dismissed the claim that the policy is being implemented to fight politicians and corruption, and wondered if such goals can be achieved within the remaining three months of President Buhari’s administration.
“You’re merely fighting against the poor people. Mr President, I know the pressure, but please since two of us are going the same time, this policy, it has nothing to fight corruption at all. It has nothing to fight politicians.
“This policy is aimed to suffer the people who elected us to govern over them. Our business is not to make the people to suffer. We all know how to fight corruption. We all know how to fight politicians. This particular one, it does not come in at all”, he insisted.
Governor Wike expressed dismay that people were prevented from accessing money lodged in their bank accounts while small scale commercial activities were grounded for lack of cash.
According to him, there is reduced cash flow in circulation and even the redesigned Naira notes are hardly available to the citizenry.
“I know Mr President has good intention, but there are these people who believe they know more than everybody, they go and put the country in total chaos and that is what we are suffering now”, Wike said.
He stressed the futility of presenting credit cards to pay for food items bought from an elderly woman who depends on daily sales to raise money in the rural areas with prevailing illiteracy.
According to the governor, there is no where in the world where such currency change has been done conclusively within six months.
He said, “I have never seen anywhere in this world where you change money within six months and say no more use of old money. It doesn’t work. It takes time and you have to prepare. Look at our economy, look at the rural areas, the level of illiteracy in the country.”
Governor Wike urged President Buhari to avert aggravating the security challenge across the country and pushing Nigerians deeper into economic hardship.
“Can you imagine the problem you’re causing for us. As we are here, the level of insecurity will increase. We can’t get security agencies money any longer for them to use and pay those who are in the field. Even the CIA they carry cash for operation. Even NIA, they carry cash for operation. But here, we can’t even give our security One Million Naira.”
Speaking further, Governor Wike said recent events had vindicated him over his initial public statement that the PDP presidential candidate and his supporters boasted that they do not need the G-5 governors to win election because they had been assured of victory by a cabal in the presidency.
“I said they have been given assurance, but this election is not going to be based on that cabal assurance. It is on the people’s assurance”, he said.
Governor Wike, however, insisted that any party that does not need Rivers State will lose the election.
According to him, “whether you like it or not, you must need Rivers State. If you don’t need Rivers State you must fail. If you say you don’t want us, you’ll fail. There is no two ways about it.”
Soliciting votes for the PDP governorship candidate in the state, Sir Siminialayi Fubara and other PDP candidates, Governor Wike urged the people to vote overwhelmingly for the PDP.
He disclosed that the contract for the Okrika sandfilling project has been re-awarded because the former contractor who is their son has failed to finish the project.
Governor Wike also announced the upgrading to first class traditional stool status, confirmation and recognition of King Nelson Atubo Oputibeya as the Amanyanabo of Koniju.
Sir Fubara, in his address, said his administration, when elected as governor, would work to sustain the existing peace in Okrika, complete any ongoing project it may inherit, and provide more development projects to them.
Rivers State Chairman of the PDP, Ambassador Desmond Akawor, who presented the party’s flags to the various candidates in the area, urged Okrika people to vote massively for the party’s candidates.
Speaking on behalf of other candidates, the Rivers East Senatorial candidate, Chief Allwell Onyesoh, thanked the leadership and members of the party for the privilege given to them to fly the party’s flag, pledging that they will provide quality representation when elected.
Earlier, Governor Wike had inaugurated a 100-Bed Mother and Child Hospital in Okrika, which was built under the auspices of the Sustainable Development Goals (SDGs) in the office of the presidency.
The project was nominated and attracted to the area by Hon. Bright Gogo, the House of Representatives member for Okrika and Ogu/Bolo federal constituency.
While commending Princess Adejoke Adefulire, the Senior Special Assistants on SDGs to President Buhari, for ensuring the building and equipping of the hospital, Governor Wike noted that Hon. Gogo has distinguished himself for attracting and realising the project in his constituency unlike other federal lawmakers from the state who attracted no projects.
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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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