Rivers
PHCCIMA Breaks Down Rivers 2025 Budget
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.
The management of the Rivers State University, (RSU), Nkpolu Oroworukwu Port Harcourt has admitted eleven thousand and eighty-three students to study in various disciplines and courses for 2024/2025 academic sessions in the university.
The vice chancellor of the university,prof Isaac Zeb-Obipi disclosed this during his address at the 43rd matriculation ceremony of the institution held at the convocation arena in Port Harcourt, last Friday.
Zeb-obipi expressed delight that it was a privilege to welcome everyone to the momentous occasion, marking the beginning of an exciting academic journey for the new students and described matriculation as an important ceremony organised by institutions, especially universities.
“Though this is the 43rd matriculation ceremony of the university,it is the first under my watch as vice chancellor, and I am highly excited that I am having my tail cut in the conduct of this significant ritual of matriculation.”
“Once again, I give God all the glory and thank the State Governor, Sir Siminalayi Fubara, the 14th Governing council under the leadership of Her Excellency, Hon. Justice Mary Odili and the host of others who played one role or the other in my emergence as the vice chancellor. May I also use this opportunity to acknowledge my co-contenstants that made the selection a worthy competition, especially Prof Adolphus J. Toby and prof Nkalo H.Ukoima. There is no doubt that they all mean well for the university and as such i am studying the various vision statements they had submitted for possible inclusion in the efforts to implement what we have, “he stated.
He explained that his vision is to transform the university into a world class, innovative, inclusive institution, fostering a culture of excellence, creativity, and social responsibility through the re-engineering of the university’s academic, administrative, and community engagement frameworks to ensure that they are student centric, faculty driven, community oriented responsive to the need of the 21st century.
According to him the university aim to achieve the visions by enhancing academic programmes to meet global standards, strengthening research capacity and promoting innovation and improving infrastructure and facilities to support teaching, learning research, and fostering partnerships with industries, government, and other stakeholders to promote community engagement and entrepreneurship among others.
The VC while giving the statistics of the administration said a total of 29,107 candidates took the university as first choice in the 2024 JAMB Examination, 16,172 qualified the institution 190 cutoff mark, 15,348 registered for the post UTME, while 15,014 participated in university test and out of the number,11,083 was admitted.
The VC while congratulating the matriculants, urged them to shun any forms of social vices such as cultism, examination malpractices, sorting and indicent dressing, adding that the the school has zero tolerance on indiscipline and other anti social behaviours that are detrimental to societal growth.
Akujobi Amadi
The Vice Chairman of Opobo Council of Chiefs, Alabo Edwin Cockeye Brown has joined the chorus of voices calling for an immediate end to the suspension of democratically elected officials in Rivers State.
The Opobo chiefs Council’s vice chair who was speaking on the sidelines at an emergency stakeholders’ congress of the INC held at the Ijaw House in Yenagoa last Wednesday, emphasized the gravity of the suspension of a state governor, deputy and legislators, characterizing it as an unprecedented assault on the democratic process.
He argued that suspending an elected governor and the state legislature not only undermine the mandate given by the electorate but also poses a significant threat to the political stability of the state. Brown further declared the suspension as “an aberration and travesty of the constitution.”
His words, “Even though the Nigerian Constitution grants the President powers to declare a state of emergency under Section 305, it does not authorize the suspension of democratically elected officials, such as governors or members of the legislature. The proper procedure for removing a governor is outlined in Section 188 of the Constitution, which requires legislative processes rather than executive fiat”.
Brown went on, “The unconstitutional suspension of democratically elected government officials is a Slowly but surely dismantling of democratic structures. This will not help our fledgling democracy, but will destroy all the gains so far made in this democratic dispensation”.
“This is not just about Governor Fubara; it is about every citizen of Rivers State who participated in a democratic election,” he stated. He added, “Injustice in Rivers State is injustice all over Nigeria because we are all governed by one constitution.”
He expressed concern that such actions could set a dangerous precedent, eroding public trust in the electoral system and democratic institutions across Nigeria.
He further articulated the historical context of the Ijaw struggle for
representation, highlighting the community’s long-standing grievances
regarding political marginalization.
“For over 24 years, we have fought to regain our rightful place in governance,” Brown remarked. “To have that struggle undermined by a unilateral decision from the federal government is not just
frustrating—it is an affront to our identity and aspirations as Ijaw people.”
Brown called for a united front among Ijaw leaders and communities,
urging them to resist any attempts to divide or silence their voices.
He underscored the importance of dialogue and reconciliation as vital
pathways to resolving the ongoing crisis, rather than resorting to forceful measures that could exacerbate tensions. “We must engage with
the federal government, but we will do so on our terms,” he insisted.
In closing, Brown reaffirmed his commitment to the principles of
justice and equity, emphasizing that the Ijaw people would not back down in their quest for recognition and respect.
“We are prepared to stand firm and advocate for our rights. Our
history is rich with leaders who have fought for us, and we will not
allow their sacrifices to be in vain,” he concluded, rallying support
for a peaceful resolution that honors the democratic process and the will of the Rivers people.
The high-profile one-day stakeholders’ meeting brought together
influential Ijaw leaders, including Bayelsa State Governor, Douye
Diri, his deputy, Senator Lawrence Ewhrudjakpo; former Rivers State
Governor and Amanyanabo of Twon-Brass, King Alfred Diete-Spiff; former Rivers Governor, Chief Rufus Ada-George; and former Bayelsa Deputy
Governor, Rear Admiral Gboribiogha John Jonah.
Also in attendance were the Speaker of the Bayelsa State House of
Assembly, Abraham Ingobere; National Chairman of the Pan Niger Delta
Forum (PANDEF), Dr. Boladei Igali; prominent traditional rulers from
various parts of Ijawland; the President of the Ijaw Youth Council
(IYC), Jonathan Lokpobiri and many other notable Ijaw leaders from across the Niger Delta.
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