Business
RTC Can Contribute To IGR, Create Jobs – Eresia-Eke
Only few public men in Nigeria entrusted with the responsibility of turning around the misfortunes of an ailing government enterprise exude implicit confidence in their onerous assignment. One of such men is Chief Ibe Eresia-Eke who currently sits atop the Board of Rivers State Government-owned Rivers Transport Company (RTC) as Chairman.
A master game planner, veteran task master, management expert, technocrat and politician, Eresia-Eke, dares to be different, running a quasi-government outfit profitably, away from the suffocating tradition of corruption and inefficiency which are the hallmark of most parastatals.
Making good his solid reputation as turn-around prime manager with Midas touch, the debonair ex-General Manager of RTC, former local Government Chairman, one-time State Chairman of the defunct Democratic Peoples Party (DPP), former State Chairman of the defunct Action Congress of Nigeria (ACN), and erstwhile Deputy National Publicity Secretary of the disbanded All Nigeria Peoples Party (ANPP), among many others, has been breathing life into his ideas, since coming on board.
With the see-it-all achievements of RTC made within this short space of time, Eresia-Eke, perhaps out of sheer modesty, will still tell anyone who cares to listen that there is no magic behind the new face of the company.
In this encounter with The Tide Political Editor, Victor Tew, the energetic Peoples Democratic Party (PDP) Chieftain insisted that a government-run enterprise can be viable and competitive like private firms controlled by hard-nosed extrepreneurs, explaining how RTC can contribute immensely to the state’s Internally Generated Revenue (IGR) and create employment, among other issues.
Excerpts:
How has it been running this company?
It has been quite tasking. We are expecting some support from government. We pay salaries and do other things by ourselves without government funding. Whatever we get is what we use in the running the place. It has been quite demanding. It has not been easy.
What we have been able to get so far is some support to renovate the building. When we came on board this building was very bad and dilapidated. It was deroofed. The government gave us money with which we were able to do some renovations, build a multi-purpose hall and some parks. They did not have an assembly Hall and other faculties. And all these were done under my watch.
The premises was filthy, dirty, unpainted and generally in disarray. We could’t get into the place on the first day I reported for work.
Are you suggesting that the past management did not really consider the company’s infrastructural development or are you blaming it on corruption or ineffective mismanagement?
It’s ineffective management. Not everyone knows how to manage a place, moreso an outfit such as this. They are more interested in what they would make than maintaining the existing facilities and even improving on them. Most of them do not even know that there are much more to running a place like this. The whole thing revolves around logistics and other things. You have to manage transport, the facilities and the people (the workforce). All these put together ensures effective management.
You talked about managing the people, your workers. Are they satisfied with your effort so far?
Yes, the workers are satisfied and happy with the effort of the new board. You can talk to them. Salaries, leave allowances, bonuses and every other emoluments are being paid promptly.
What is your staff strength?
We have approximately 250 staffers. This is aside from the casuals.
What plans have you to improve on your revenue generation effort?
Well, RTC is a very viable place. It is the only surviving state-owned transport company of its kind in this part of Nigeria. All we need is support, then the sky would be the limit. 99 percent of our vehicles are privately owned. They are owned by individuals who have invested with us and brought their vehicles in for us to manage. What we do is to collect commission. So you see that if we can just collect commission of 20 to 25 percent and pay salary of some 250 people and still maintain the facilities we have here, imagine if we have our own vehicles, then you will really appreciate how viable this place can be. So that is why we are saying that RTC can contribute immensely to the internally generated revenue (IGR) of the state if we are supported to acquire vehicles. We are not asking for free money. We are asking that the state government guarantees our bank loans as banks cannot grant RTC loans as a wholly owned government company . We have also asked government to give us money in the form of grant or loan and we will pay back in two to three years.
Have you also approached any institution for loans or other forms of assistance?
Yes, we have. We have approached the Bank of Industry (BOI) and they have agreed to give us 50 buses. The papers for this deal are before the Governor for consideration. We hope that with his determination to transform the transport sector and make it contribute to the state IGR, he would give it expeditious attention, especially in his second tenure as the state chief executive.
It appears that what RTC is doing now is just public private partnership for survival.
Yes, that is what we are doing now. Individuals bring in their vehicles and we manage them for a commission. But we want to go beyond that by having our own vehicles, generate revenue for the state and create employment in the final analysis.
How many vehicles have you in your pool?
We have 700. Of this, RTC has about 10 and that is very bad and critical. And because we solely depend on individuals we find it difficult to discipline them. You have to handle them with care because if they embark on strike or withdraw their vehicles from the road we won’t be able to do many things that we are supposed to do. So we are very cautious, very tactful but strict. But if we have our own vehicles our services will improve because we will be stricter.
As a transport business, there certainly exists loopholes. How do you plug them?
There are certainly loopholes and corrupt practices. Transport is a cash based business. So, we have monitors all over the place. We have check points where our vehicles stop for routine check, mostly close to the Police checkpoints at the borders with neigbouring states. This is because no matter what you do, you must come to the headquarters. We also have offices in 16 states including Abuja.
Are you satisfied with your efforts so far?
Yes, the Board has done well and the workers are happy. We have also reviewed staff condition of service. Before now gratuities were not paid, even to those who had died. But we have started paying them. So, staff welfare is a priority.
You earlier talked about casuals in your workforce. Are there plans to formalize their appointment and give them a sense of belonging like your permanent staff?
Yes, we occasionally do that. But there is an embargo on employment now. I can tell you that even as casuals they are well taken care of. However, as a government outfit we operate within laid down rules. We report to the Governor, the state Ministry of Transport and even the State House of Assembly Committee on Transport.
No too long ago, your management hinted of plans to kick-start international courier service in the first quarter of this year. To what extent have you gone to actualize it?
For now we want to concentrate on the local courier service. We are solely engaged in goods courier because most traders in Port Harcourt procure their goods from Onitsha, Lagos, Awka, Ogoja etc.
Does this mean that your company has shelved the idea of an international courier service.
Not at all. It would be revisited. We are only being disciplined by some constraints and logistics problems. So, we just want to concentrate on the local one before going international.
Is your board not considering saving a little from what the company generates to procure some vehicles for itself?
It is not easy. A Toyota Hiace bus (15 seater) is about N25 million. Even when we save we can only buy fairly used ones. Only very few buses in our fleet are brand new and because of the prevailing economic situation you hardly see anyone bringing in new vehicles. They are all used vehicles. It is not easy, but we will try. We pay salaries, taxes to the state and federal government, and other local levies. We don’t default.
Are there plans to improve on your revenue generation effort and staff welfare this year?
We can only do that if our business expands. The only way we can go about this is to procure more vehicles. In this way, we will create employment and generate more revenue for the state. So the more vehicle we have the more people we can employ –the drivers, mechanics and others. But we hope that the Governor will support us to enable the company contribute the states’s IGR and create more employment. We are confident that he will do something about it because he is a man who keeps his words.
What is your impression about the last general election in the state?
The last general election in the state shows clearly that Rivers State is a PDP State. The opposition tried all sorts of things-intimidation, bullying and all that. It didn’t work because we (PDP) are on ground and we have the peoples’ support. It turned out well because we worked hard in service delivery to deserve the support of electorate who voted enmass for PDP and defended their votes. They (the opposition) failed because you can’t rig an election where you are not popular. No way.
What is your take on the recent peace move by Amaechi shortly after Governor Wike offered an Olive Branch to political gladiators in the state?
Amaechi’s expression of readiness to seek peace as canvassed by Governor Wike is a welcome development if he (Amaechi) is sincere. If he genuinely asks for forgiveness, ofcourse Rivers people will forgive him. But he has a reputation of not keeping to his words. But I know that the Governor is sincere about his call for peace. And they are brothers in the first place, why won’t they make peace. So, let them come together in the interest of the development of Rivers State. This is over and above the interest of any individual.
How would you assess Governor Wike in terms of service delivery?
The Governor has performed exceptionally well. Just take a look at the quantity and quality of projects dotted around the state that he conceptialised and executed in the past four years. That is why the people of the state came out in their large numbers to vote for him in the last elections. If he did not do well they would not have voted for him. The fact that they voted for him is an appreciation of his hardwork. So we are happy for him and we are sure that he would do more in his second tenure. And let me say one thing: the impression in some quarters that governors do relax in their second tenure is not true of Governor Wike that we know. This is more so as Rivers people showed him love during the elections. They appreciated him for his outstanding performance.
What is your message to the people of the state?
Rivers people should continue to support the Government of Chief Nyesom Wike and the Peoples Democratic Party for them to continually reap the dividends of democracy.
For the people of Ogba/Egbema/Ndoni, I enjoin them to remain peaceful, law-abiding and supportive of the state government. It was quite interesting to note that Onelga people confounded cynics and critics by maintaining peace in the just-concluded-elections as politicians came together and ensured a rancour-free and fair polls.
Shipowners in Nigeria have called for the prosecution of officials of the Nigerian Maritime Administration and Safety Agency (NIMASA) over the failed ?50 billion floating dock project.
This call follows years of inactivity and mounting concerns about the dock’s operational status which has remained idle for years despite huge investments in it.
The floating dock, acquired over a decade ago with the promise of reducing the cost of dry-docking Nigerian vessels abroad, has instead become a liability, incurring massive port charges while remaining non-operational.
Stakeholders in the maritime industry are now demanding accountability, describing the situation as an economic sabotage that has cost the nation billions of naira.
In a chat with our correspondent, a prominent shipowner, Otunba Sola Adewunmi, stated that the entire transaction was fraudulent from the onset.
He lamented that instead of being used for the benefit of Nigerian shipowners, the floating dock has become a symbol of government waste and mismanagement.
“The floating dock acquired by NIMASA was just a joint wastage. Normally, it was just funding for something that we didn’t really need.
“It has been draining the government’s purse all this while. We have wasted so much money on that dock. They will tell you tomorrow that they have found a solution, but nothing happens.
“Go and investigate how much the government is losing. They are paying heavy charges every month for an asset that has never worked”, he said.
Shipowners have expressed outrage over the continuous financial burden imposed on them, blaming the government for failing to create an enabling environment for indigenous operators.
Also, the current DG of NIMASA, Dr. Dayo Mobereola, while meeting with Journalists few months after his appointment in August 2024 had assured that the agency is working on putting the N50 billion modular floating dock to good use.
Mobereola, who spoke during a chart with the media in Lagos, said the management team had visited the site of the floating dock at the Continental Shipyard, Apapa, as part of the efforts to put the facility into good use.
He said: “The initial plan for the floating dock was not the right one. We are going to put the Modular Floating Dock to very good use so that once it’s in operation, it will benefit the economy, seafarers, and NIMASA itself.
“We need to place the modular floating dock in an appropriate location. It is just a matter of time. We will soon get that done”.
Despite these assurances, the floating dock has remained largely inactive, leading to widespread skepticism among industry players.
Speaking further, Otunba Sola Adewunmi said “The time for excuses is over. NIMASA must either operationalize the floating dock immediately, or face legal consequences for their negligence and mismanagement”.
He emphasized that those responsible for the floating dock’s failure must be held accountable, insisting that criminal prosecution was the only way to deter future financial recklessness.
“If those behind this scam were tried and sent to prison, it would serve as a deterrent. But in Nigeria, absurdity thrives because there are no consequences.
“This is a crime against the Nigerian people. The officials who sanctioned this deal should be arrested, tried, and jailed for economic sabotage”, he declared.
Speaking also, another experienced shipowner and Chief Executive Officer of Peacegate, a maritime services provider, Prince Ayorinde Adedoyin, described the floating dock debacle as part of a larger systemic failure where Nigerian authorities refuse to support local shipowners while enabling foreign interests to dominate the sector.
He stressed that the level of wastefulness surrounding the project was unacceptable and called for a full-scale investigation into the acquisition and management of the facility.
“This floating dock issue has been ongoing for about 10 years. Every year, there’s a new excuse. They move it to Marina, then they move it somewhere else.
“This is part of what we call wastefulness. It’s a disgrace. Between NIMASA and NPA, they couldn’t find a way to put the floating dock in use?
“They couldn’t build a docking pit for it? Instead, they allow it to remain idle while Nigerians suffer. This is taxpayer money—our money—being wasted”, he fumed.
He further explained that the failure to operationalize the dock has resulted in unnecessary financial burdens for shipowners, citing his personal experience of having to dry-dock one of his vessels in Cameroon, initially quoted at $180,000 but eventually costing close to $500,000 due to corruption and mismanagement in foreign dockyards.
“This is what Nigerian shipowners go through. Meanwhile, our own floating dock is rotting away because of the greed of a few people”, he added.
The shipowners also accused the government of deliberately frustrating the development of local capacity in the maritime industry.
They stated how Nigerian shipowners struggle with high-interest rates on loans while foreign vessel operators enjoy lower rates and government incentives.
“Foreign vessel owners have a field day in Nigeria. They get loans at 3% interest rates, while Nigerian shipowners are forced to borrow at over 30% interest.
“How can we compete? The government gave a bailout to the airline industry, but nothing for maritime. Meanwhile, shipowners are going bankrupt, and jobs are being lost”, Ayorinde said.
He also alleged that certain officials were benefiting from the floating dock’s continued non-utilization through port charges, legal battles, and consultancy fees, while Nigerian shipowners continued to suffer.
NIMASA has remained largely silent on the issue, with no concrete plans to operationalize the dock despite years of public outcry.
While the agency has occasionally made statements about finding a permanent home for the facility, industry stakeholders view these as empty promises.
“The only thing they know how to do is set up committees and hold endless meetings. No real action.
“If this dock was in the hands of a private company, it would have been operational years ago. But government officials have turned it into a cash cow for their own personal gain”, Ayorinde concluded.
The Comptroller General (CG) of Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, has been conferred with Nigerian Maritime Journalists Iconic Maritime Award with a special commendation for his excellent performance since he assumed office as CGC .
Adeniyi was also hailed for convincing the Federal Government to suspend the implementation of the 4% Free-on-Board (FOB) value on imports into the country.
Speaking at the ceremony for the presentation of “Iconic Maritime Personality of the Year Award 2024” to the CGC by Nigerian Maritime Journalists in Lagos, Thursday, a maritime icon and former National President of Association of Nigeria Licensed Customs Agents (ANLCA), Prince Olayiwola Shittu, said the suspension is a relief to importers and Customs agents.
Calling CGC Adeniyi and the CG of licensed Customs agents and freight forwarders, Shittu, who was the Chairman of the occasion, noted that the CGC was instrumental to his success when he was the National President of ANLCA as he used to guide him through advice.
He congratulated the CGC for the well deserved award coming from maritime journalists, who, he noted, are the watchdogs of the sector.
The Chairman, Customs Consultative Council, Alhaji Hakeem Olanrewaju, eulogized the qualities of CGC Adeniyi and congratulated him for being celebrated by the maritime press with the award of Iconic Maritime Personality of the Year 2024.
Olanrewaju called the attention of Customs licensed agents to the fact that things have changed and enjoined his colleagues in the freight forwarding business to have attitudinal change.
The Vice President, ANLCA, Prince Olusegun Oduntan, commended the CGC for being a grassroots leader who listens to the people, an attitude, he said, that has brought a positive change.
He promised that his association will continue to partner with Nigeria Customs under the CGC’s leadership.
In his own speech, the National President, Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON), Otunba Frank Ogunojemite, described the CGC as a downright good man and a natural leader.
He stated that the CGC was his class captain in the university and later the President of the department, adding that he was a sports enthusiast who later became the leader of Man ‘o’ War.
Describing him as extremely patriotic and very humble, he said the CGC has been keeping his old friends without looking at his present status.
Speaking on behalf of the maritime journalists, Mr. Oke Ibeke, commended CGC Adeniyi for his “superlative performance” which has changed the narrative in Customs.
Ibeke commended the CGC for delivering on his mandate in areas of revenue collection, anti-smuggling activities, trade facilitation and others.
He noted that this was the first time journalists from various media houses covering a sector would agree jointly to honour a Chief Executive Officer of an agency.
Ibeke noted that the unusual agreement was not for sycophancy “but to give honour to a man who is a game changer”.
He expressed the belief that President Bola Tinubu must have seen in the CGC special qualities of an accomplished administrator before making him the CGC, adding that he has not disappointed the President for once.
Emphasizing that Customs is key to the economic development of any nation, Ibeke called on the Federal Government to give the Service more power and political support to be able to deliver better on its mandate.
The Nigeria Customs Service (NCS) has handed over 1,599 assorted arms and 2,298 live cartridges to the National Centre for the Control of Small Arms and Light Weapons (NCCSALW).
The arms, seized in 2018 in three containers at the Tin Can Island Port, were formally handed over to the NCCSALW on Thursday, 13 February 2025, at the headquarters of the Federal Operations Unit, Zone ‘A’, Ikeja, Lagos.
The Comptroller-General of Customs (CGC), Adewale Adeniyi, stated that the handover ceremony demonstrates the NCS’s commitment to protecting national borders and maintaining public safety.
“We will spare no resource in hunting down, exposing, and prosecuting anyone who attempts to compromise our national security through arms trafficking”, he said.
The CGC also commended the professionalism and courage of officers involved in the seizures and the Forensic Unit for their role in securing convictions.
He assured the public of the Service’s commitment to protecting legitimate trade while ensuring national security.
“We stand ready to deploy our full arsenal of intelligence and enforcement capabilities to protect legitimate trade as we ensure Nigeria’s security interests remain paramount”, he added.
The Director-General of NCCSALW, DIG Johnson Babatunde (Rtd), received the items on behalf of the National Security Adviser, Mallam Nuhu Ribadu.
He assured that the weapons would be handled in accordance with international conventions.
“Nigeria is a signatory to the ECOWAS Convention, and we will not do anything short of international best practice”, he said.
He urged all stakeholders to remain vigilant and to continue collaborating to ensure the country remains resilient against the scourge of illicit weaponry.