News
Govs Decry State Of S’South, S’East Federal Roads
The Governors of the 11 States that make up the South-East and South-South geo-political zones of the country have decried the deplorable state of federal roads in the two geo-political zones.
The governors also regretted that none of the airports and seaports in the two geopolitical zones was functioning reasonably while none of the states in the two zones is linked in the country’s rail services.
The governors, in a communiqué issued in the early hours of last Sunday after the second meeting of the South-East/South-South Governors’ Forum at Government House, Port Harcourt, said the only federal presence in the two geo-political zones was the presence of policemen.
The communique, which was read by the Chairman of the forum and Akwa Ibom State Governor, Mr. Udom Emmanuel, condemned emerging trend where approvals for investments in the oil and gas industry were granted for siting in other parts of Nigeria and with laying of pipelines in deep waters rather than siting the projects in the areas that produce the resources.
The forum expressed concern that despite providing the necessary logistic support to the security agencies, perceptions of insecurity are on the rise, thereby doing significant damage to investments climate and preventing reasonable inflow of direct foreign and local investment into the regions.
The communique reads in part, “Concerned about the reality of the dearth of infrastructure, the forum noted with dismay: the deplorable state of federal roads in the two regions. That none of the airports and seaports located in our regions is reasonably functional, and that neither of the two regions are linked by any rail services.
“That the federal presence in the regions is very minimal and only noticeable in the presence of policemen. The emerging trend where approvals for investments in the oil and gas industry are granted for siting in other parts of Nigeria with laying of pipelines in deep waters rather than siting the projects in the areas that produce the resources.
The forum resolved: “to pursue inter-regional cooperation and integration for the common good of the regions’ people, and to work together politically, align and re-align as a people that share common heritage, culture and affinity”.
It also agreed “to articulate and advocate issues affecting the wellbeing of the regions. The issues may not necessarily materialize immediately, but for the benefits of future generations.
The forum further resolved “to continue to subscribe our faith to the destiny and greatness of Nigeria, and call upon Nigerians to put their hands on the plough and rise to claim our rightful place in the comity of nations.”
It specifically “condemned hate speech in national discourse whether in individual communication or utterances of political actors or parties”, and “urged security agencies to set up joint border patrols and develop more proactive strategies in combating crime and criminality.
The governors also resolved “to urge the Federal Government to come up with a clear policy on concession of federal roads and to fast-track the process in order to ameliorate the sufferings of the people of the regions.”
Meanwhile, the Rivers State Governor, Chief Nyesom Wike has decried the decay and backwardness of infrastructure in the South-South and South-East part of the country.
Speaking when he played host to governors from the two geo-political zones in Government House, Port Harcourt, last Sunday, the Rivers State governor pointed out that the two zones were the most politically and economically marginalized within the nation.
The governor noted that none of the airports and seaports located in the regions were reasonably functional, while the few federal roads were not in good shape, neither were the two zones linked by any rail services.
He maintained that, “They have been environmentally degraded and deliberately neglected by the Federal Government in appointments and provisions of basic development infrastructures.”
Wike reasoned that even in contemporary Nigeria, the two regions share the same or similar challenges, including insecurity, poverty and under-development despite the best of efforts by the constituent state governments.
Since the people of the two geo-political zones have shared common heritage and affinity, Wike called for strategic economic plan and need to establish and link cities in the two zones with railways and superhighways; to provide viable and affordable flight services between our cities, and to ensure that cargoes are brought into the country and the regions through our seaports, jetties and ferry services as a veritable means of stimulating economic growth and social progress across our two regions.
“Also, we are all aware that economic growth and social progress are possible only in a peaceful and secure environment. And much as we try to tackle this menace in our respective states by providing the necessary logistic support to the security agencies, perceptions of insecurity are on the rise, doing significant damage to our investment climate thereby preventing reasonable inflow of direct foreign and local investment into the zones”, he said.
He maintained that the two regions must strive to overcome challenges through regional efforts by sharing resources, intelligence and denying sanctuaries to criminal elements in the areas.
According to him: “As we go into the business of this meeting, let us be confident in the rightness of our course and clear in our considerations that we have been and would continue to be worse off without the will to exploit our political and economic complementarities to drive our ways into political, economic and social prosperity.
“Above all, we must continue to demand for the devolution of powers and resources to the states as well as the institutionalization of state police, now that there is national consensus on these issues,” Wike maintained.
Similarly, Chairman of the South-South and South-East Governors Forum, Chief Udom Emmanuel has said that both zones plan to adopt a Public Private Partnership (PPP) model for infrastructural revamp of the area.
Emmanuel, who is the governor of Akwa Ibom State, shortly after the meeting, informed news men that PPP was one way to augment whatever the Federal Government was doing in both the South-South and South-East in terms of infrastructure.
He reiterated the position of the governors to the unity of the country, “Nigeria is a country we have passion for.”
Emmanuel also said the governors resolve to give the issue of security of lives and property top priority, and that, “we will collaborate with other regions on some of the issues of inter-cooperation.”
Earlier, the Akwa Ibom State governor had urged his counterparts from the two zones to form a common front for socio-economic development.
He described the meeting as a new beginning for the two geo-political zones for the good of her people.
The governor expressed delight that the governors have set aside impediments to chart a new direction, and charged the two zones to work together for prosperity.
He said: “Federal presence in the zone is minimal and only seen in the presence of policemen”.
Emmanuel sought for the development of an industrial framework that will enhance development.
He said the regions are better of united than divided, as he pleaded with Nigerians to continue to strive for the unity of the country.
News
Tinubu Orders Security Chiefs To Restore Peace In Plateau, Benue, Borno

President Bola Tinubu has ordered a security outreach to the hotbeds of recent killings in Plateau, Benue and Borno States, to restore peace to areas wracked by mass killings and bomb attacks.
National Security Adviser, Nuhu Ribadu, disclosed this to State House correspondents after a four-hour security briefing with the President at the Aso Rock Villa, Abuja on Wednesday.
“We listened and we took instructions from him. We got new directives…to go meet with the political authorities there,” Ribadu told reporters, adding that Tinubu directed them to engage state-level authorities in the worst-hit regions.
Director-General, National Intelligence Agency, Mohammed Mohammed; Chief Defence Intelligence of the Nigerian Army, Gen. Emmanuel Undianeye; Director-General, Department of State Services, Oluwatosin Ajayi and Chief of Staff to the President, Femi Gbajabiamila, appeared for the briefing.
The Tide’s source reports that in Plateau State, inter-communal violence between predominantly Christian farmers and nomadic herders spiralled into gory slaughter when gunmen stormed Zikke village in Bassa Local Government early on April 14, killing at least 51 people and razing homes in a single night.
In Benue, at least 56 people were killed in Logo and Gbagir after twin assaults blamed on armed herders.
Meanwhile, in Borno State, eight passengers perished and scores were injured when an improvised explosive device ripped through a bus on the Damboa–Maiduguri highway on April 12.
Ribadu explained that after an extensive briefing, intelligence chiefs received fresh instructions to restore peace, security and stability across Nigeria.
“In particular, Tinubu had ordered immediate outreach to the political authorities in Plateau, Benue and Borno States, and the defence team had gone round those States to carry out his directives and report back.
“We gave him an update on what has been the case and what is going on, and even when he was out there, before coming back, he was constantly in touch. He was giving directives. He was following developments, and we, in charge of the security, got the opportunity today to come and brief him properly for hours. And it was exhaustive.
“We listened and we took instructions from him. We got new directives. The fact is, Mr. President is insisting and working so hard to ensure that we have peace, security and stability in our country. We gave him an update on what is going on, and we also assured him that work is ongoing and continues.
“We also carried out his instructions. We went round, the chiefs were all out where we had these incidents of insecurity in Plateau State, Benue State, even Borno, these particular three states, and we gave him feedback, because he directed us to go meet with the political authorities there,” the NSA explained.
Ribadu described Tinubu as “worried and concerned,” and said he directed that all security arms be deployed around the clock.
The government, he added, believes these steps have already produced measurable improvements, even if the situation is not yet 100 per cent safe and secure.
“He’s so worried and concerned, he insisted that enough is enough, and we are working and to ensure that we restore peace and security and all of us are there. The armed forces are there, the Civil Police, intelligence communities, they are there.
“They are working there 24 hours, and we feel that we have done enough to believe that we are on the right course, and we’ll be able to be on top of things,” Ribadu stated.
The NSA emphasised that combating insecurity was not solely a Federal Government responsibility.
He stated, “The issue of insecurity often is not just for the government. It involves the subunits. They are the ones who are directly with the people, especially if some of the challenges are more or less bordering on community problems.
“Not entirely everything is that, but of course it also plays a significant role. You need to work with the communities, the local governments, and the governors, especially the governors.
“The President will continue to direct that. We should be doing that, and that’s what we are able to. We are very happy and very satisfied with the instructions and directives given by Mr. President this evening.”
In Borno State, the NSA noted that while violence had surged in recent months, the insurgents refused to accept defeat.
He warned that most recent casualties there resulted from improvised explosive devices—”cowardly” IED attacks targeting civilians—and from opportunistic raids that follow any lull in fighting.
“We are getting the cooperation of the leadership at the state level, and everybody. It’s not 100 per cent…but we are going there.
“When you are having peace and you are beginning to get used to it, if one bad incident happens, you forget the periods that you enjoyed peacefully,” he added.
He paid tribute to the “many who do not sleep, who walk throughout, who do not go for any break or holiday”—the soldiers, police and intelligence officers whose sacrifices have created the fragile calm Nigerians now experience.
“They will continue to be there,” he said, adding, “Things have changed in this country…we are on the right track and we will not relent. We will not sit down; we will not stop until we are able to achieve results.”
News
FG Laments Low Patronage Of Made-In-Nigeria Products

A Federal Government agency – the National Agency for Science and Engineering Infrastructure, has decried the low patronage of Nigerian-made products by Nigerians.
The agency identified some challenges leading to the low patronage of the local products as affordability and public perception, among others.
Speaking during a stakeholders meeting organised by the agency in Akure, Ondo State capital, yesterday, the Deputy Director of Engineering at NASENI, Mr Joseph Alasoluyi, said Nigerians preferred buying foreign goods compared to local goods.
Alasoluyi, however disclosed that the agency had trained over 50 participants in the production of hand-made products, in a bid to ensure Nigeria-made products are patronised.
He explained that NASENI was set up to promote science, technology, and engineering as a foundation for Nigeria’s development and currently operates 12 institutes nationwide to achieve its objectives.
According to him, the aim of President Bola Tinubu, who is also the overall chairman of NASENI, was to ensure high production and patronage of “our local products thereby creating employment opportunities for many.”
He said, “The idea of this programme is to interface to ensure we produce products using our indigenous technology. This is what NASENI is out for, to ensure that homegrown technologies are encouraged.
“We are out there to ensure we integrate efforts to ensure that local technology is used to develop products within the resources we have.
“ The NASENI’s ‘3 Cs’ – Creation, Collaboration, and Commercialisation – that define NASENI’s strategic mandate: Creating innovations through research, Collaborating with partners to develop and refine products, and Commercialising these solutions to benefit the economy.
“Our achievements include the development of solar irrigation systems, CNG conversion centres, building machines capable of producing up to 1,000 blocks per hour, 10-inch tablets, locally made laptops, and electric tricycles (Keke Napep) set for market launch.”
In his remarks, the Deputy Vice Chancellor of the Federal University of Technology, Akure, Prof. Samuel Oluyamo, blamed the Federal Government for not properly funding research in the varsities, also noting that many research outputs were left halfway due to lack of funding and weak linkages between research institutions and industry.
Oluyamo also queried the Federal Government’s commitment to funding research and development, saying many academic innovations remained on the shelve due to a lack of support for commercialisation and poor infrastructure.
“Until we upscale research into mass production, technological growth will remain elusive. The government is not funding research in the universities enough. Thank God for TETfund that is trying in this regime. The major interest in beefing up research in universities and research institutions is really not there,” he said.
News
Nigeria Seeks Return To JP Morgan Bond Index
The Director-General of the Debt Management Office, Patience Oniha, has said that Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index and renew investors’ confidence.
Oniha disclosed this on Wednesday at a Nigerian Investors’ Forum on the sidelines of the World Bank and International Monetary Fund Spring Meetings in Washington, D.C.
The DMO boss explained that Nigeria has enjoyed favourable credit assessment among rating agencies in recent times on the back of the sweeping reforms initiated by the Central Bank of Nigeria.
Fitch Ratings recently upgraded the Long-Term Issuer Default Ratings of seven Nigerian banks and two bank holding companies to ‘B’ from ‘B-‘, noting that the outlooks are Stable.
The affected issuers are Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Limited, Guaranty Trust Holding Company Plc, First HoldCo Plc, First Bank of Nigeria Ltd, Fidelity Bank Plc and Bank of Industry Limited.
The upgrades of the Long-Term IDRs of the banks followed the recent sovereign upgrade and reflect Fitch’s view that Nigeria’s sovereign credit profile has become less of a constraint on the issuers’ standalone creditworthiness, the rating agency said.
Fitch also upgraded Nigeria’s Long-Term IDRs to ‘B’ from ‘B-‘ on 11 April, a decision that reflected increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end deficit monetisation and remove fuel subsidies.
“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” Fitch said.
Nigeria was removed from the JP Morgan index in 2015 ostensibly due to its deviation from orthodox monetary policies and influence of capital control in its management of foreign exchange.
Principally due to reduction in oil revenues at the time, Nigeria introduced currency restrictions to defend the naira after it failed to halt a dangerous slide with burning of dollar reserves. The bank had earlier warned Nigeria to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles.
“Foreign investors who track the GBI-EM series continue to face challenges and uncertainty while transacting in the naira due to the lack of a fully functional two-way FX market and limited transparency,” the bank said in a 2015 note.
Nigeria was listed in JP Morgan’s emerging government bond index in October 2012, after the Central Bank removed a requirement that foreign investors hold government bonds for a minimum of one year before exiting.
The JP Morgan Government Bond Index reflects investor confidence and opens doors to billions of investment flows, making Nigeria’s proposed re-entry a positive signal to the market and investors.
Oniha explained that talks with JP Morgan were ongoing and had gained momentum in recent times due to the stability created by the FX market reforms.
“With all the reforms that have taken place, particularly around FX, we have started engaging JP Morgan again to get back into the index. We think we are eligible now,” the DMO DG said.
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