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Project Disruption: Don’t Dare Me, Rivers Gov Warns ONELGA Stakeholders ….Assures Delivery Of Quality Road To Omoku-Egbema People
Rivers State Governor, Sir Siminalayi Fubara, has warned stakeholders in Ogba/Egbema/Ndoni Local Government Area to desist from disrupting the ongoing reconstruction of the Omoku-Egbema Road or face dire consequences.
Fubara, addressing monarchs, opinion leaders and other critical stakeholders from the area at the Government House, Port Harcourt, last Saturday, said it was offensive to receive threats of disruptions on the project from beneficiary communities when an initial contractor their leaders recommended failed to deliver after collecting N12.7billion.
An embittered Fubara told the gathering, “When a group of people, irrespective of whatever prefix you attach to yourself, tend to threaten government, we need to call you to order. Maybe, you don’t understand the powers of the state government.
“I have the power to dethrone. And I don’t need any letter. But what is important with power is how you use it. I feel very bitter, seeing some persons, because of my calmness, are feeling they can take me for granted. If after this time, anything happens again, you will not believe what I will do to those connected to it.
“I got report of plans to stop the contractor. I got a protest letter from Ogba-Egbema Peoples Forum; another from a legal firm; demanding that the Omoku-Egbema section of the road project be withdrawn from SETRACO, and given to Julius Berger. And I am wondering, who gave these persons such power, to be so commanding?
“I don’t expect this from you. This project was approved for you people’s benefit. You nominated a contractor. The contractor failed. Now, we re-awarded the contract, and are paying another money.
“The original cost of that job when it was awarded was N8.8billion. It was reviewed to N13.3billion. Total amount released at that time before the revocation was N12.7billion.So, you understand how we feel about this.
“Now, we have re-awarded this job to SETRACO for N7.5billion; and we have already committed about N5.2billion to show you our commitment. SETRACO is not a pushover company. To make my position clear, SETRACO will continue with this job. I expect you to give the necessary support and cooperation, and you have a clean road.
“If you like to sabotage yourselves, don’t sabotage my administration. I’m calm but I will do you something you would not like. Every time shouldn’t be protest, condemnation or complaints. It gets to a time everyone comes together for progress of their community.”
Responding, Oba of Ogba Land, King Nwachukwu Obuohna Obi, Eze Ogba III, who led the stakeholders, had told the governor that the protest of the people on the project was provoked by lack of proper communication and engagements between the company and the communities.
The monarch thanked the governor for his intervention in the matter and his assurance on the delivery of quality road project, adding that the road was prone to damages because of heavy trucks that ply the route.
He pledged the continuous support of ONELGA people to the administration of Governor Siminalayi Fubara.
Also speaking, former chairman of Peoples Democratic Party (PDP) in the state, Bro Felix Obuah, said the people’s demands to understand the nature of the contract was to protect government interest and ensure that the project was not compromised.
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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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