State-owned Ibom Power’s 150mw waste away on poor evacuation infrastructure

Ibom Power plant, a wholly Akwa Ibom State owned electricity generating firm located in the state’s oil-bearing Ikot Abasi, has seen recent impressive generating capacity, churning out 150 megawatts of electricity into the national power grid. But this sadly appears to be a wasted effort, it has emerged. It was discovered that less than half […]

Akwa Ibom goes to NSIA for help in pursuit of $80m loan for coconut refinery

Akwa Ibom State, Nigeria’s biggest sub-national crude oil revenue earner, is seeking intervention by the Nigerian Sovereign Investment Authority (NSIA) to facilitate the state’s $80 million loan facility to complete its multi-billion-naira coconut refinery, located at Mkpat Enin local government are of the state. Governor Udom Emmanuel, who just won a hard-fought re-election for a […]

Rivers $23bn economy set to pick up with election conundrum over

Rivers State economy, with over $23 billion gross state product (GSP), is set to pick up again, as several weeks of governorship election conundrum is now put to rest in the state, with the announcement by the INEC Wednesday of Governor Nyesom Wike as winner of the poll. Another fillip would be coming from Governor […]

All inclusive, private sector driven economy must for Ihedioha in Imo

Emeka Ihedioha, former deputy Speaker, House of Representatives in the National Assembly and now governor-elect in Imo State on the platform of People’s Democratic Party (PDP) should quickly wear off his victory euphoria, and prepare to work hard in the state. Ahead of him lay laborious task of rebuilding the Imo economy, ruined by Rochas […]

Cross River: Ayade hangs on slim achievement going into new term

Amid a curious mystical budget of N1.043 trillion (christened qabalistic densification) for 2019, which economic experts regarded as highly unrealisable and unachievable, Governor Benedict Ayade is relying on his slim achievement in first tenure of office (2015-2019) to earn the people’s support going into his second term, which begins on May 29. He and his […]

Building Port Harcourt Pleasure Park into a tourist product

Before its construction and transformation into a tourist destination and a leisure centre, now generating revenue for the state, the expansive open land was a dingy city swamp that defaced the area adjacent the 2nd Amphibious Brigade Barracks on Aba Road, Port Harcourt’s busiest traffic artery. Port Harcourt Pleasure Park near Rumuola is today an […]