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Mayor of Housing Reveals Fubara’s Strongest attraction For Investors 

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The Mayor of Housing, My-ACE China,  has revealed one of the strongest attractions Governor Siminialayi Fubara holds  for investors like him. He called it “humility for continuity”.

China, who is also the CEO of  Housing and Construction Mayor Limited, disclosed this in an interview with newsmen in Port Harcourt.

According to him, for any governor to focus on completion of projects of his predecessor was a huge act in humility.

“Governance in Nigeria is such that politics is prioritized over valuetics.

“To know you did not start this project, but because you have the interest of the people at heart, you continue it, even in the midst of political crisis.”

“I have a quote that ‘without delivering tangible dividends of democracy, politics is the greatest liability any society can have”.

He gave examples of good projects that were stalled in Rivers State because of discontinuity as “the Rivers State Geographical Information System  (RivGis) and the Rainbow Estate in Trans-Amadi”.

He said a huge loss had been incurred in the two projects just because  successive administrations did not like the previous administrations that initiated those projects.

He said: “So, one of the reasons RivGis has not worked is because successive governments have come to truncate the good works of previous administrations.

“And when people are saying that the present governor has scored ‘zero’ because he continued and completed the projects that his predecessor started, I am wondering what planet these guys are speaking from.

“Because what has been killing any policy or project started by an administration is discontinuity by the next administration.

“Now, if any administration says it wants to continue the ones he inherited for the sake of the people, what makes that an offence”, he said.

He, therefore, called for the revival of RivGis, saying the way out is to systematize lands and housing subsector.

“I did not become Mayor of Housing in Port Harcourt, but in Abuja. I can tell you that the ease of doing business (EoDB) in Abuja is 100 times faster than in Rivers State.”

The Mayor of Housing revealed that Nigeria at the moment needs about N21 trillion to close the over 28 million housing deficit.

The Mayor of Housing advised  Gov. Fubara on what  to do to move the economy of the oil-rich state back to the front seat.

“Many business leaders point to the crisis of obtaining land papers in Rivers State and say this deserves urgent attention to attract investors.

“They also think housing deficit in Nigeria is getting out of hand.

Rivers State is the 7th most populous state in Nigeria with about seven million people. By December 2018, Nigeria posted about 20 million housing deficit, needing N21 trillion to close the gap.

“Gov. Sim Fubara of Rivers State has started with 20,000 low-cost houses that may be scaled up to 100,000. This looks promising. There is hope for more estates to spring up if ease of land papers, ease of regulation, etc can be enthroned.

Mayor of Housing attributed the bane of the housing sector in Rivers State to three major issues.

“First, let’s look at the Rivers housing situation. The housing deficit in Rivers State is worse because it is a one-city state, making most persons to cluster in the state capital, the oil city.

“By this, of the population of about 7 million people in the state, over 5 million people are congested in the state capital, Port Harcourt. In terms of city congestion, Port Harcourt is second most congested.

“Other states may have their population spread around, but in Rivers, it’s all in Port Harcourt, Obio/Akpor, and Eleme. When you have sequestration or concentration in one place, the ones that have houses in the villages come to the city to be homeless. They add to the housing deficit. There is exacerbation of deficit in the city.

“Next, there is absence of housing data in Rivers State. There are the superlative and fundamental factors in the Rivers housing analogy.

“The fundamental is that there is no agency in charge of all matters relating to lands and housing. In Rivers State, there are about five ministries and agencies looking after the sector.

“A single agency would have been the Rivers State Geographical Information System (RIVGIS), but because it is not fully functional, you now have the Ministry of Lands, Ministry of Housing, Ministry of Urban Development, the Surveyor-General’s Office, and more. In this situation, none has responsibility to collate all matters and interface with the public.”

According to him, the second most lucrative sector after oil in Nigeria right now is property.

“Until RivGis is so digitalized that there is no or minimal human interference just like in the banks, the state will not surge forward in development.

“The governor has said he started real governance in February 2024. We know that things are not where they should be, but we are very optimistic they are going to be far better because of the body language of the governor. The way the governor spoke shows he means business.

“He said at the summit that the state is now open for businesses. We in the private sector want to see more PPP initiatives and projects.

On what investors wanted from the Fubara administration, he said: “As an offshoot from the summit where investors expressed difficulty in getting land papers (certificates of occupancy), access to land, etc. I am sure this governor will follow through.

“The summit itself is a success for the mere fact that it took place, because that is the first one the state has had in 13 years. It shows that this governor means business. That is how the investors feel about the summit.

“Two: The continuity from the previous administration’s projects despite having issues with that administration, and he didn’t take out any of those projects because of malice of anything; that alone is a boost of confidence for the private sector.

“Third: Flag-off and actual start of construction of the 20,000 low-cost housing units under a PPP is also a confidence booster. Please, people should not underrate that project, because there has been hardly any FG housing project above 2,000 in a particular locus. The biggest FG housing project in Rivers State is the Trans-Amadi Garden which is not up to 1,000. Agip Housing Estate is also a FG housing project, and I am not sure it is over 2,000. So, 20,000 is actually a new city.

“This is one of the reasons real estate investors are comfortable with the 20,000 and in PPP.”

“My sincere advice to Gov. Fubara is to increase the number and size of PPP schemes. It is not only in projects but in planning. World class businesses often engage consultants to get them the information and finished reports to work with.

He also called on Gov. Fubara to endeavour to bring out a white paper on the summit.

“The governor needs to, as a matter of fact, sit down with group leaders, especially captains of industry and technocrats and develop a white paper from the summit’s panel discussions. The governor can ask, who do you know that can actually do this or that. Just like the way the Independent National Election Commission (INEC) wanted to use Bimodal Voter Accreditation System (BVAS) to remove election irregularities, though it was abused.

“We can ask for who has the expertise to map Rivers State and plan it vis-à-vis the part that has not yet been developed. Then, not only to have this in the system but have it in the public domain that everybody knows that this is the plan.”

 

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 2027: Be Politically Neutral, Fubara Tasks Traditional Rulers

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Rivers State Governor, Sir Siminalayi Fubara, has charged traditional rulers in the State to maintain neutrality, ensure fairness and uphold peace in their domains as the country prepares for the 2027 general elections.

Fubara gave the charge on Wednesday while declaring open the 126th,  127th and 128th Combined Quarterly Meeting of the Rivers State Traditional Rulers Council, in Port Harcourt.

The governor said the primary function of traditional rulers is to administer justice and ensure fairness, saying their conduct must not lead to division and unmanageable crises.

“Let me therefore, request, if that is the right word to use, that please, as we are entering into this political season actively, everyone should ensure that your conduct promoted  peace in your place. Your actions should not be what would lead to the division and multiple crisis that we cannot manage as a government.

“I  think with that, we can all live as one and we can also continue to make this progress that we are trying with all our mind, our body and our soul, to ensure that we deliver  to our dear State,” he said.

Fubara urged  the royal fathers to abide by the oath and constitution they swore to before ascending their respective stools,  in the interest of stability and progress of the State.

He also enjoined them  to set aside individual sentiments and place the interest of Rivers State above personal considerations, noting that this principle has guided his own day-to-day governance of the State.

“I want to enjoin everyone to keep aside issues of individual sentiments and ensure that the interest of our state supersedes whatever thing that we have in our mind. This is not just what I’m saying here, it is what I’ve also practiced and displayed in my day-to-day life in the governance of our dear State,” he said.

On the appeal for improved welfare  for traditional rulers, the governor clarified that the delay in actualising some of the requests they made  in the past was not from the government but from the inability of the Council to put its house in order.

Fubara explained that the issue of stipends paid to the traditional rulers by the local government councils,  was a statutory benefit provided for in the constitution and not what a state governor can change by mere verbal   pronouncements.

He assured that he remains a man of his word and will fulfill his promises  to the traditional rulers before leaving office, next year.

He reaffirmed his respect for the traditional institution as custodians of culture and the closest link to the people, thanking them for their prayers and support.

The governor urged the royal fathers to ensure that the combined quarterly meeting  featured fruitful deliberations that will strengthen peace and development in the State.

Earlier, the Chairman of the Rivers State Council of Traditional Rulers and Paramount Ruler of Apara Kingdom, His Royal Majesty, Eze Chike Amadi Worlu Wodo,  expressed  profound gratitude to the State Government for its efforts in  maintaining a cordial relationship with the traditional institution.

Wodo highlighted the importance of traditional rulers in conflict resolution, noting that their closeness to the people places them in a strategic position to mediate in  disputes involving chieftaincy matters, family disputes and land ownership in their respective communities.

The royal father drew the attention of the State Government to some  challenges affecting the performance of the traditional institution, particularly the lack of official utility vehicles and logistical support needed to discharge its responsibilities effectively.

He also appealed for improved monthly stipends and better welfare provisions to reflect prevailing economic realities.

 

 

 

 

 

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Tinubu Jets To S’Arabia For Lesser Hajj  …Unveils Free Healthcare For Pensioners 

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President Bola Tinubu yesterday departed Abuja for Makkah in Saudi Arabia, to perform Umrah (lesser Hajj), an Islamic spiritual exercise involving a pilgrimage to the holy city.

The Airbus A330-200 carrying the president took off at 2:20 pm local time, yesterday.

Tinubu was seen off at the airport by the Governors of Kwara, AbdulRahman AbdulRazaq; Borno, Babagana Zulum; Kaduna, Uba Sani; Sokoto, Ahmad Aliyu; Jigawa, Umar Namadi; and Yobe, Mai Mala Buni.

Also present were the Secretary to the Government of the Federation, George Akume; the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi; and Nigeria’s Ambassador to Mexico, Reno Omokri, alongside other government officials.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, had revealed this in a statement signed Wednesday titled ‘President Tinubu departs Abuja for Makkah to pray for the nation.’

According to the statement, the visit will afford the President an opportunity for spiritual reflection, devotion, and prayers for Nigeria’s peace, unity, stability, and continued progress.

“While in Makkah, President Tinubu will perform the religious rites associated with Umrah, seeking Allah’s guidance and blessings for Nigeria and its people,” the statement said.

Before departing Abuja, Tinubu commissioned some equipment acquired by the Nigerian Air Force for its operations at the Presidential Wing of the Nnamdi Azikiwe International Airport.

The President is expected to return to the country next week after completing the spiritual exercise.

Thursday’s visit to Makkah marks the second time Tinubu is performing Umrah since assuming office.

The President had previously visited the holy city in November 2023, shortly after the Saudi-African Summit held in Riyadh, where he also prayed for divine guidance in leading Nigeria.

The trip to Saudi Arabia is the latest in a series of foreign engagements by the President since he was sworn in on May 29, 2023.

Tinubu has visited more than 30 countries in over 50 unique and recurrent trips.

They include countries across Africa, Europe, Asia, the Americas, and the Middle East, including France, the United Kingdom, the United States, China, India, Germany, the United Arab Emirates, Qatar, South Africa, Kenya, Ghana, Ethiopia, Tanzania, Senegal, and several others, on a combination of bilateral, multilateral, and diplomatic assignments.

Meanwhile, Tinubu has unveiled PenCare, a national healthcare initiative designed to provide free medical services to pensioners, beginning with low-income retirees.

Tinubu, who was represented by the Secretary to the Government of the Federation, Senator George Akume, at the opening of the National Pension Week in Abuja, yesterday, said the initiative formed part of his administration’s welfare package for senior citizens.

PenCare is designed as a national retiree well-being programme aimed at improving access to essential healthcare, particularly for pensioners with limited financial resources.

In his address, themed “Pensions for All: Building a Secure Future Together,” the President said a strong pension system was both a social protection necessity and a pillar of economic transformation under the Renewed Hope Agenda.

He said the pension system could also mobilise long-term domestic savings, deepen financial markets and support productive investments.

Tinubu described pensions as an obligation to workers who had served the country, rather than a favour from the government.

“A pension is not a favour granted by Government. It is a wage earned, deferred and held in trust. It is a promise. And this Administration has resolved that the promise will be kept,” he said.

He added that the success of the pension system should be measured by the security and dignity it provided retirees, rather than the volume of funds accumulated.

“Above all, no Nigerian who has served this nation will be forgotten in retirement. Nigeria will keep faith with those who kept faith with Nigeria,” he said.

The President said his administration had taken steps to restore dignity, security and value to the Contributory Pension Scheme.

He also said he had approved a N758 billion Federal Government Pension Bond to settle accrued pension rights and strengthen the Pension Protection Fund.

“That was not an accounting exercise. It was an act of restitution to Nigerians who served their country and were made to wait for what they had earned,” Tinubu said.

Meanwhile, the Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has insisted that the June 30, 2027 deadline for pension fund administrators and custodians to complete their recapitalisation remains unchanged.

Oloworaran said the exercise was necessary to strengthen institutions responsible for safeguarding the retirement savings of millions of Nigerian workers.

“We are not changing our minds. The industry must move beyond the growth in pension assets to building institutions strong enough to safeguard the savings of millions of Nigerian workers.

“Size is what we have achieved. Strength is what we now demand,” she said.

 

 

 

 

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  FG Must Address Nigerians’ Concerns On Reforms -Shettima …Warns Against Misuse of AI, Social Media

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Vice President Kashim Shettima has urged the Federal Government to pay greater attention to Nigerians’ concerns about ongoing economic reforms, insisting that public confidence must be built through transparent communication, credible evidence of progress and responsiveness to citizens’ experiences.

Shettima made the call yesterday at The Duke’s Masterclass 2026, held at Transcorp Hilton, Abuja, where he was represented by his Special Adviser on Economic Affairs, Dr Tope Fasua.

The Vice President said the success of the administration’s economic policies would depend not only on their implementation but also on the government’s ability to demonstrate tangible results and address the challenges confronting citizens.

“Government must continue to communicate, however, its policies clearly, demonstrate progress with credible evidence, and listen attentively to the experiences of citizens,” he said.

Shettima defended the economic reforms introduced by President Bola Tinubu, including petrol subsidy removal, foreign exchange market liberalisation, fiscal restructuring and revenue mobilisation, describing them as measures intended to correct longstanding economic distortions and strengthen Nigeria’s productive capacity.

He explained that the policies were designed to attract investment, improve business confidence, enhance the deployment of public resources and establish conditions for sustainable economic growth.

However, he maintained that announcing policies was insufficient without building public understanding and confidence in their implementation.

The Vice President particularly challenged Nigeria’s elite, professionals and middle class to acknowledge the difficulties facing ordinary citizens while explaining the objectives of the reforms.

“Your role is not to defend every government action uncritically, nor to dismiss the concerns of citizens. It is to help create a more informed and constructive national conversation,” he stated.

He urged professionals engaging traders to recognise the pressures confronting businesses and advised those interacting with young graduates to acknowledge employment challenges while encouraging entrepreneurship and innovation.

According to him, constructive criticism and informed public participation are essential to effective governance and the sustainability of economic policies.

“Constructive scrutiny strengthens governance. Informed public participation strengthens democracy,” Shettima said.

He further stressed that leadership required the flexibility to adjust policy implementation in response to evidence and changing economic circumstances without abandoning established objectives.

Turning to the challenges of artificial intelligence and social media, the Vice President warned that technological advances were increasing the speed and sophistication of misinformation, posing risks to public confidence and institutional reputations.

“A photograph can be manipulated, a voice can be cloned, and a video can be fabricated just with a simple prompt on social media to make an individual appear to have said or done something that never happened,” he warned.

Shettima urged public institutions to strengthen information verification, correct false claims transparently and communicate through trusted channels, adding that speed should never take precedence over accuracy.

He also called for improved digital literacy and responsible use of artificial intelligence.

On economic opportunities, Shettima identified banking, financial technology, oil and gas, agriculture, real estate, construction, commodity exports and the creative industry as sectors capable of supporting investment and employment.

He nevertheless acknowledged the need to address unreliable electricity, inefficient transportation, insecurity, limited access to finance and weaknesses in education and public institutions.

He called for stronger domestic production, export expansion and support for small businesses, while urging that economic opportunities be extended to women, young people and rural communities.

In his opening address, the Chairman of Odu’a Investment Company Limited, Bimbo Ashiru, warned that poor leadership decisions and inadequate crisis preparedness could destroy institutional credibility.

“Reputation cannot be manufactured at the point of crisis. It is built over time through our decisions, our conduct, our values and the consistency between what we say and what we do,” he said.

Ashiru noted that geopolitical tensions, technological changes and economic disruptions were making leadership increasingly difficult, requiring organisations to strengthen accountability, transparency and crisis management.

He disclosed plans to extend the masterclass to London in March 2027.

Also speaking, former Commonwealth Secretary-General, Emeka Anyaoku, recounted his involvement in international conflict resolution, particularly negotiations surrounding South Africa’s transition from apartheid and political tensions in Bangladesh.

He stressed that successful mediation required a thorough understanding of the issues dividing opposing parties, the interests of their leaders and the appropriate timing of public communication.

“Because if you communicate the progress prematurely, you might sabotage the whole process,” Anyaoku said.

The Chairman of AXA Mansard and Group Managing Director of Sahara Power Group, Kola Adesina, criticised Nigeria’s persistent electricity challenges, arguing that public institutions and businesses should be judged by service delivery rather than explanations for poor performance.

“Rather than giving people megawatts of electricity, we are giving them excuses,” he said.

Adesina also condemned corruption, inflated public contracts and failures of accountability, warning that such practices weakened infrastructure, damaged public trust and endangered lives.

Meanwhile, the Chairman of the Duke of Shomolu Foundation, Joseph Edgar, explained that the masterclass was designed to equip organisations and individuals with practical strategies for anticipating crises, managing their consequences and protecting institutional reputations.

He said the initiative complemented the foundation’s use of theatre to promote social cohesion and strengthen public engagement.

 

 

 

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