Rivers

PHCCIMA Breaks Down Rivers 2025 Budget

Published

6 months ago

January 30, 2025

The Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA) has given its breakdown of the Rivers’ 2025 budget.
The PHCCIMA President, Dr. Chinyere Nwaoga, gave the breakdown in a statement on Tuesday, saying the budget will unlock trapped N500 billion tax revenue from trapped or recovered assets.
She recalled that PHCCIMA had on December 31, 2024 lauded the appropriation bill of 2025 as presented by the State Governor, Siminalayi Fubara, and promised to analyse the budget.
“We promised to analyse the budget and share our position after extensive research and analysis.
“We set up a think-tank committee to review the monetary policy with the private sector practitioners and we have come up with a position”, she said.
Nwaoga noted that the 2025 total budget approximates N1.2 trillion to be N388 billion higher than the 2024 figure of N800 billion.
However, she noted that when adjusted for inflation, “the Net Present Value of the current budget is approximately N1.1 trillion”.
She explained that the naira’s depreciation by 90 per cent year-on-year from January 2024 has reduced the budget’s net value to about N700 billion.
According to her, this further illustrates how the fiscal policies at the centre can impact even the best run states.
She commended the Rivers government’s plan to spend N678 billion on capital expenditure, which is roughly 30 per cent more than the operating expenditure.
“The plan to allocate N31 billion to Agric and support programmes for youths posits a strategy for genuine empowerment”, she stated.
The PHCCIMA President also advised the government to create a credible youth and women database for articulated disbursements and monitoring.
She said: “There may be need to update or recreate a strategic state wide enumeration targeted at Rivers State population”.
Nwaoga also suggested that the government should consider allotting a percentage of accrued funds to an investor guarantee programme to attract investment funds aimed at commerce.
She noted that “the policy to explore counterparty funding with the Universal Basic Education (UBE) to support education is smart”.
The PHCCIMA boss commended the government’s plan to source and save funds for the budget through various means, including FAAC, IGR, statutory allocation, mineral funds, VAT, refunds, and others.
According to her, the budget demonstrates financial prudence and less emphasis on bank borrowing.

She suggested that the government should re-enact the Rivers State Statutory Savings Account and ensure that assets do not deplete in value.

Nwaoga recommended that “we estimate an additional N100 billion, and the expansion of the under-declared and undeclared revenue sources with corporates”.

She stressed the need for the government to emphasise attracting new investments and unlocking value from existing assets.

“Rivers State Government should emphasise attracting new investments and unlocking value from existing assets”, she said.

She, however, urged that the government should continue to pursue clearing the backlog of pension liabilities and consider implementing a revised salary structure to motivate the workforce.

Rivers

NSE Members Tasked On National Dev

Published

4 days ago

July 11, 2025

The Tide

Members of the Nigerian Society of Engineers, NSE, have been urged to work hard towards contributing to national development. This call was made at the recent induction of new members by the Port Harcourt branch of the Society. The induction ceremony was used to formally welcome new members and celebrate its elevated new fellows.

Speaking during the ceremony held a in Port Harcourt, the Branch Chairman, Engr. Idaeresoari Ateke Harriet, FNSE, called on members of the NSE to actively participate in the Society’s professional and technical activities in order to contribute meaningfully to national development. He congratulated the new inductees, describing their admission as a testament to their hard work and resilience.

Engr. Ateke also commended the new Fellows for their immense contributions to the engineering profession, reminding them that their elevation is a call to greater responsibility as mentors and role models.

The event featured a lecture by Engr. Prof. Steve Odi-Owei, FNSE, on “Opportunities and Challenges in Nigeria’s Blue Economy.” The Chairman noted that Nigeria’s maritime and aquatic resources remain largely untapped, adding that engineers have a crucial role to play in harnessing these resources for economic growth and environmental sustainability.

He thanked the first female President of NSE, Engr. Margaret Aina Oguntala, FNSE, other dignitaries, sponsors, and families of inductees for gracing the occasion.

Also, engineers, especially those in Rivers State have been advised to adhere strictly to the core ethics of the profession and to always uphold the professional ethics of the body.

This advice was given by an engineering expert, Basoene Benibo, in an interview with at the sidelines of the induction ceremony and Fellowship celebration of the Port Harcourt Branch of the Nigerian Society of Engineers.

Benibo stressed the need for young engineers in the state to learn and improve on their skills by tapping from the wealth of experience of older professionals in the field to enable them excel.

Benibo, who is a one-time Chairman of the Port Harcourt Chapter of the Nigerian Society of Engineers, also noted and hailed the efforts of the society in eliminating quackery in the engineering profession.

Some of the new fellows include Prof Jackson Akpa, Pereowei Jose’s and Telema Osima, while the inductees, Engr Mrs Lizzy Onwuso, Engr David Jonathan jnr and Worlu Emmanuel expressed joy in being found worthy to become full NSE members, believing that it would enable them have access to more knowledge, practice rightly and impact the society positively.

Rivers

VALVA Restates Commitment Education Advancement, Literacy In Nigeria

Published

4 days ago

July 11, 2025

The Tide

The President and Chairman of Council, Nigerian Library Association (NLA), Dr. Dominic Amenaghawon Omokaro, has expressed deep commitment to the advancement of education and literacy in Nigeria through the library system.

Speaking through his state Chairman Dr. Chidara Okachukwu Nyemezu, at the formal Launching/inauguration of the Vanguard for Library Visibility And Advocacy (VALVA) at Captain Elechi Amadi Polytechnic in Port Harcourt recently, Omokaro discribed the inauguration of the new body as a significant and passionate movement aimed at shining the spotlight on one of the underappreciated yet critical institution in Nigeria’s educational system and national development.

“We are gathered here not just to launch a group, but to launch a vision and ignite a movement to reinforce a mission to make libraries visible and valuable again for our people”, he said.

Dr. Omokaro stated that the birth of VALVA is based of the recognition that libraries, particularly school libraries, are the bedrock of promoting a reading and research culture that includes innovation and lifelong learning in the society, though the system is grossly underfunded and poorly equipped in many cases.

He recalled the theme of its first week under his watch, “Library System for National Development in 2022”, which he hinted was driven by the state chapters.

He explained that the inauguration of VALVA shows an important mission to promote the visibility and development with impact on schools and other libraries through strategic advocacy that will advance quality education and foster lifelong learning culture in Nigeria.

“The vision is clear to promote the visibility where every school and indeed every community will have access to a functional library managed by a professional Liberian”, he said.

Speaking with journalists at the sideline of the event, the founder of the VALVA, Dr. Juliet C. Akex-Nmec, stressed that no society can grow without a functional and effective library.

She urged government at all levels to ensure the establishment of effective and functional libraries across the country.

Dr. Alex-Nmec, who is also an Associate Professor of Library and Information Science, Rivers State University, called for the appointment of a Special Adviser on Library matters by the state government in order to assist the government on Library matters.

High point of the event was the formal inaugural of the new body and oath of offices to the new executive.

Akujobi Amadi

Rivers

Rivers Judiciary Denies Issuing Court Order Stopping SOLAD from Swearing in RSCSC Members

Published

4 days ago

July 11, 2025

The Tide

The Rivers State Judiciary has denied a media report claiming that Justice Frank Onyiri of the State High Court issued an injunction order restraining the Sole Administrator, Vice Admiral Ibok-Ete Ibas (rtd), from inaugurating the newly appointed members of the Rivers State Civil Service Commission (RSCSC).

In a statement issued by the Deputy Chief Registrar in charge of litigation at the High Court, Menenen Poromon (Esq), the state Judiciary disassociated itself from the report, describing it as malicious and fabricated.

The statement emphasized that the report was a falsehood and a misrepresentation of what transpeared in the court.

Poromon clarified that no such order was issued by Justice Onyiri or any other judge of the High Court of the state and urged the public to disregard the information, as it lacked any iota of truth.

The statement however advised the public to verify any information concerning the state Judiciary directly from the office of the Chief Registrar, High Court of the State, to avoid spreading of misinformation.