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We’ll Build Rivers Into Industrial Hub, Reliable Economic Gateway, Fubara Assures …Promises To Set Up Investment Promotion Agency
Rivers State Governor, Sir Siminalayi Fubara, has vowed to spend his days in office working assiduously towards rebuilding the economy of the State beyond crude oil and gas so that it can be reckoned as a reliable economic gateway, investment destination and hub of robust industrial activities.
The Governor explained that it is for this reason that the economic and investment summit was organised in the State to congregate key players in the sector to share experiences, brainstorm and dissect ideas, and provide a roadmap that will put the State back on the lane for the expected accelerated industrialsation.
Governor Fubara gave the explanation when he received the report on the Rivers State Economic and Investment Summit 2024 from the Central Organising Committee at Government House in Port Harcourt, yesterday.
The Governor pointed to how the economic summit served as a gateway through which the world saw the investment potentials of the State, and said that the government will leverage on the opportunity created to attract investments into the State to make life better for the people.
Governor Fubara said in putting the summit together, everything was done to avert failure but regretted that some elements who do not want the State to make meaningful economic progress worked behind the scenes against its success.
He said, “I can boldly say here that most of the people that were invited as guests, some elements who didn’t wish us well, called them privately, asking them not to be part of the programme.
“They went as far as even, on the second day of the programme, because they did not expect somebody, a very notable person to be part of it, they tried to dissuade the person.
“These same elements organised a protest so that we will not have our way. But at the end of the day, God also made it possible that we had the programme and the programme was successful.”
Governor Fubara appreciated efforts of members of the committee, and especially the good people of Rivers State who stood by the government, and provided the need support that eventually made the summit a success.
The Governor insisted that what his administration is doing is to chart an enduring course for economic prosperity of the State.
Governor Fubara said: “Our State used to be one of the best. We had all the companies here, and all the oil companies were here also. They started here, and life was good (for our people) here.
“I know fully well that no matter how strong a man is, the strong man will die (one day). But when you have a strong policy, and you have strong institutions, those institutions will live forever.
“So, what we did and what happened, we tried bringing intellectuals to brainstorm for the purpose of building a State with strong economy so that tomorrow, people will not be struggling to become governors because of the good economy of the State.”
Governor Fubara said he wants to rebuild the State and see that it becomes economically stronger so that posterity will remember him for how he improved on what he inherited, and not killing it.
He noted the 15-point recommendations of the report submitted to him, and assured that his administration will take steps to establish an Investment Promotion Agency that will serve as a one-stop-shop for all business-related engagements.
The Governor emphasised, “I read flashes of thoughts written by one Prince of Dubai. How did Dubai start? They started with having an Investment Promotion Agency. That means, if you are coming into the State, you have where to go, you are asked of what you have to offer, and you say these are the things I have to offer.
“The agency will have all the solutions to inquiries. If any of such inquiries is beyond them, they know where to seek the attention of the higher authorities.
“With that, you can see business moving smoothly, investors will have opportunity to interact. Even if they are not seeing the Governor directly, they are interacting with the right body. Assurances are there, confidence is there, quick decision making is also there,” he added.
Governor Fubara said the support of everybody is required in investing energy in productive ventures that will strengthen the economy of the State and grow it into becoming the envy of other states.
He stated, “I will also assure, not just this committee because I know by next year, you might not even be the people that are going to coordinate it, but we must have it as a policy of the State, that every year, we will bring people together. Look at what we have done, what we need to do, and what we can also achieve, then plan for the future.”
Governor Fubara further said: “I can say it boldly, when we came on board, we looked at the activities of the internal revenue board. They were doing so little. So, we had to set up a technical committee. This technical committee worked out some modalities that improved our IGR.
“Today, I can make bold to say that our IGR in a year, so far, what they had then cannot be compared to what we have now. So, I strongly believe that if we come together, work as a team, we will have a better State where these issues that we are having today: economic hardship, which is the main thing, will be addressed.”
Governor Fubara spoke concerning the nationwide protest and the apprehension expressed in some quarters, and said that when the petrol subsidy was removed by the Federal Government, his administration was the first that took steps to provide palliatives to cushion the harsh effects.
He said, “Just like we did, after the issue of subsidy removal, we were one of the first states that launched free transport scheme for students and citizens of Rivers State, and we have sustained it. We didn’t end there, we brought a credit line of N4billion for our traders. Those people that are genuine ones that are struggling keyed into it.
“These ones are not stories. They happened live at the summit where we gave people money for them to invest to improve their businesses. Whatever Europe is today, it is because of small scale businesses that are encouraged.
“This is where you strengthen the economy of a country. On our part, we will continue to do that, because at the end of the day, if everybody is fine, crime rate will be reduced in our State,” he said.
Presenting the report on the Rivers State Economic and Investment Summit 2024, Chairman of the Central Organising Committee, Mr Chibeoso Aholu, said the summit held on 22-23 May, 2024, and with the support from the Governor, they achieved huge success in executing it.
Mr Aholu listed the 15-point recommendations made in the report that should receive immediate and future attention of the state government for implementation.
They included that the government should, “initiate appropriate policy and legislative framework that will improve ease of doing business and create a conducive business-friendly environment in the State; revive and recapitalise PABOD Finance, Ministry of Finance Incorporated, and Micro Finance Bank, to discharge their responsibilities effectively.
“The immediate establishment of the Rivers State Investment Promotion Agency as recommended by the summit. A draft Executive Order for the establishment of the Agency is here attached.
“Take measure to resuscitate the Trans-Amadi Industrial Layout and establish new industrial business districts, including the agricultural processing zone and a Free Trade Zone in the State.
“Take steps to provide necessary policy, regulatory and institutional frameworks to promote and advance the development of the Rivers State Blue Economy; and take practical steps to address the incessant demands and unending disruptions from communities, community groups, youths, which have caused the departure of many companies in the State”; among others.
News
NAF, US Officials Meet To Fast-Track Delivery Of Attack Helicopters
Officers of the Nigerian Air Force have met with senior officials of the United States Government and representatives of Messrs Bell Textron to fast-track the acquisition of 12 AH-1Z attack helicopters.
The meeting took place during a Programme Management Review meeting led by the Chief of the Air Staff, Air Marshal Sunday Kelvin Aneke, from 5 to 6 January 2026 in San Diego, California, United States.
A statement by the NAF spokesperson, Ehimen Ejodame, yesterday, said the meeting focused on assessing the status of the helicopter acquisition and measures to ensure the timely delivery of the 12 AH-1Z platforms.
According to the statement, Aneke said the review was aimed at strengthening programme oversight, accountability and adherence to agreed timelines and budget.
“In a strategic move to enhance the operational capacity of the Nigerian Air Force, the Chief of the Air Staff, Air Marshal Sunday Aneke, led a Programme Management Review meeting with senior United States Government officials and representatives of Messrs Bell Textron from 5 to 6 January 2026 in San Diego, California, USA.
“The engagement focused on fast-tracking the acquisition of 12 AH-1Z attack helicopters, a critical capability enhancement aligned with the CAS’s Command Philosophy of building and sustaining a highly motivated, professional, and mission-ready force capable of delivering decisive airpower effects in synergy with surface forces for the attainment of national security objectives, ” the statement partly read.
Aneke expressed appreciation to the United States Government and Messrs Bell Textron for their continued cooperation, professionalism, and transparency in the execution of the helicopter acquisition programme.
He noted that the structured review reflects the NAF’s deliberate emphasis on programme discipline, accountability, and results.
“We deeply value the professionalism and openness demonstrated throughout this process, and we remain fully committed to working closely with our partners to ensure the timely and successful delivery of these platforms,” the CAS stated.
The CAS further emphasised that the acquisition of the AH-1Z helicopters represents more than a platform upgrade, describing it as a reflection of the enduring defence cooperation between Nigeria and the United States.
According to him, the programme underscores a shared responsibility for regional and global security, built on mutual trust, shared values, and a common vision for peace and stability.
“This partnership speaks to our collective resolve to confront evolving security challenges through collaboration and sustained capability development,” he added.
Reaffirming the NAF’s sense of urgency and commitment, Air Marshal Aneke assured the US team that his administration would take all necessary measures to ensure the helicopters are delivered in the shortest possible time.
He also charged the programme management team to work smartly and proactively to complete production on schedule and within budget.
“Timelines and standards must be met concurrently. We must remain focused, innovative, and solutions-driven,” the CAS stressed.
The CAS expressed profound gratitude to the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, President Bola Tinubu, for his unwavering support to the Nigerian Air Force.
He noted that the acquisition of the AH-1Z helicopters would significantly enhance the NAF’s combat capability, operational efficiency, and mission readiness, thereby strengthening the Service’s ability to deliver decisive airpower in support of national security and stability.
He added that the advanced capabilities of the helicopters would enable the Nigerian Air Force to conduct highly precise operations, minimise collateral damage, and provide timely and effective support to ground forces, ultimately saving lives and protecting property across affected communities.
The CAS reassured Nigerians of the NAF’s unwavering commitment to eliminating terrorist and criminal threats with professionalism, restraint, and accountability, while sustaining public trust and confidence in the Service’s operations.
Recall that Nigeria’s purchase of 12 AH-1Z attack helicopters was first approved by the United States government in April 2022, when the U.S. State Department, through the Defence Security Cooperation Agency, cleared a possible Foreign Military Sale of the helicopters and related equipment to the Government of Nigeria.
According to Military Africa, the formal production and delivery contract for the 12 AH-1Z helicopters, valued at $455 million, was awarded to Bell Textron on 12 March 2024 by the U.S. Department of Defence.
News
Fast-Track Approval Of NDDC N1.75trn Budget, Group Begs N’Assembly
The Niger Delta advocacy group, the 21st Century Youths of Niger Delta and Agitators with Conscience (21st CYNDAC), has called on the National Assembly to expedite consideration and approval of the 2025 budget of the Niger Delta Development Commission (NDDC) to enable the Commission accelerate its development programmes across the region.
In a statement issued yesterday by its Coordinator, Izon Ebi, the group said swift passage of the budget would empower the Managing Director and Chief Executive Officer of the NDDC, Dr. Samuel Ogbuku, to fully implement his renewed developmental strategy and extend projects to all target communities in the Niger Delta.
The group recalled that the NDDC, on December 30, 2025, presented a ?1.75 trillion budget proposal for the 2025 fiscal year to the Senate and the House of Representatives.
Explaining the proposal, Ogbuku had noted that the 2025 budget is about nine per cent lower than the ?1.985 trillion proposed and appropriated for the 2024 fiscal year.
He said the ?1.75 trillion estimate comprises ?776.5 billion as Federal Government contribution, ?752.8 billion from oil companies, ?109.4 billion as revenue brought forward from 2024, ?53.67 billion as recoveries from Federal Government agencies, and ?8.35 billion as internally generated revenue.
The group praised Ogbuku’s leadership, describing him as having transformed the NDDC into “a beacon of renewed hope” for the Niger Delta region.
The group said it was impressed by what it called Ogbuku’s charismatic leadership, grassroots engagement and developmental drive, which it noted align with President Bola Tinubu’s Renewed Hope Agenda.
According to the group, Ogbuku’s consultations with traditional rulers and stakeholders across the Niger Delta have helped identify priority needs of communities, strengthened collaboration in the fight against crude oil theft and contributed to a noticeable decline in criminal activities in the oil and gas sector.
The statement also highlighted the Commission’s partnership with the World Health Organization (WHO) on health insurance and medical outreach programmes, improved monitoring and supervision of projects, and the deployment of solar-powered streetlights across communities, which it said has enhanced security and economic activities at night.
The group urged lawmakers to act swiftly on the budget, stressing that timely approval would further boost development, peace and stability in the Niger Delta.
It also announced that it had conferred on Ogbuku the award of “Extraordinary Leader of 2025 in the Niger Delta Region.”
News
Arrest Arise TV Crew Attackers Or Face Boycott, Journalists Tell Rivers Police
Port Harcourt based media practitioners under the aegis of Port Harcourt Press, have urged the Rivers State Police Command to arrest and prosecute all suspects involved in the recent attack and harassment of Arise TV crew in Port Harcourt.
The media practitioners, at a World press conference in Port Harcourt, described as dangerous the continuous harassment of journalists by various political actors in the ongoing political crisis in the State.
The text of the briefing which was read by a former State Commissioner for information and Communications and federal lawmaker in the State, Hon. Ogbonna Nwuke, described as condemnable the attack on the Arise TV crew by suspected political thugs in Port Harcourt, while conducting an interview with Dr Leloonu Nwibubasa, a former commissioner in the State.
According to him, “That harrowing event of Friday, January 2, where the Arise TV crew were brutally attacked by armed men in a hotel in Port Harcourt while conducting interview with Dr Leloonu Nwibubasa, former Honourable Commissioner for Employment Generation and Empowerment, smacks of nothing but act of intimidation, threat to both the Nigerian media and human lives especially in the forceful carting away of broadcast equipment.”
The group further noted that the attack was not only an insult on the press freedom but on the larger society.
The group regretted the inability of the Police to arrest and bring to book the perpetrators of the act till date, warning that it may be forced to boycott police activities if those involved are not arrested and brought to book.
“From all indications, the police appear to be playing to the gallery. While the broadcast equipment were reportedly recovered, no definite arrest have been made. This body, therefore, demands an urgent and thorough investigation of this matter and those find culpable brought to justice within two weeks.
“Failure to address this issue with the urgency it requires and not carrying out satisfactory actions as required in their prosecution will attract sanctions such as withdrawal of coverage of all police activities in Rivers State by media organisations and journalists as we stand in solidarity with the NUJ,” the group warned.
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