Business
RSG Wants Cross-Ethnic Interaction For Youths
The Rivers State Government says its policy of building model secondary schools in each of the 23 Local Government Areas of the state will encourage cross-ethnic interaction among the youths.
Commissioner of Information, Mrs Ibim Semenitari stated this yesterday while conducting a team of foreign journalists, who are in the state for the on-going ION International Film Festival, round some parts of the state.
Mrs Semenitari, who explained that the government’s free education package covers tuition, books, accommodation, uniform among others, said the present administration was doing a lot to revive the infrastructural base of the state which had been neglected for many years.
According to her, Rivers State is about the only state in Nigeria that spends almost 80 per cent of its budget on capital projects.
Taking the foreign journalists along the water fronts, the Information boss told them that government had decided to demolish the shanties and convert the areas into habitable environment.
On the entertainment industry, she said government believes that the industry should be private sector driven, adding that it was the reason government went into partnership with Silverbird group to develop entertainment centres in the state capital.
Speaking at the Ogoni-Andoni-Opobo Road, a Director, in the Ministry of Works, Engr. Power Maeba said 13km out of the 43km road has been completed up to Asarama in Andoni Local Government Area while five out of the 10 bridges on the whole has been built.
In an interview with newsmen, one of the journalists Mr Babatunde Epega said they were happy with the warm hospitality extended to them by Rivers people.
Mr Epega who, is also the International Public Relations Agent for the ION International Film Festival in Port Harcourt, said they have come to see the diverse culture of Rivers people, “what Port Harcourt is at the moment” and to learn more about the film industry in Nigeria.
He stated that within the short time they have been around, they have realized the regeneration going on in the state, especially with what governor Amaechi was doing with his team.
Also speaking to newsmen two of the foreign journalists, Poole Fnotea and Dr Gianluca Cerasola said this was their first time of visiting Nigeria, describing the country as a wonderful place.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.