Now that Siminalayi Fubara has returned to office, he should seize the opportunity to etch his name in gold, making himself irreplaceable in 2027 by initiating an unprecedented development programme that looks like this

Ayo Akinfe

[1] What makes Rivers State unique is that it has always been at the forefront of economic change in Nigeria. Rivers State was the centre of the slave trade, the palm oil trade and now the crude oil trade. It has always been the cash cow of Nigeria. It should account for at least 20% of Nigeria's gross domestic product (GDP) given the head-start it had. Siminalayi Fubara should have this as his target

[2] The reality is No Rivers State: No Nigeria. Since amalgamation in 1914, Rivers State has probably generated more wealth for Nigeria than any other state apart from Lagos. Governor Fubara should have taken a cue from the book of Chief Obafemi Awolowo. In 1959, the federal government of prime minister Abubakar Tafawa-Balewa had an anual budget of £50m but the Western Region had a budget of £55m. Siminalayi Fubara should tell Nigerians that by 2031, Rivers State will be doing likewise

[3] I am very fascinated with the way Rivers State was more or less a creation of the colonial era. Frederick Lugard for instance built Port Harcourt out of nothing. A derelict and largely uninhabited marsh, all it had then was the Ijaw village Okrika and the migrant Sabon Gari known as Igwe Otcha, made up of Igbo traders who came down the River Nigeria from Onitsha to participate in the palm oil trade. Nothing stold Governor Fubara starting off by creating two purpose-build cities like Port Harcourt and Abuja in the Niger Delta

[4] No part of Nigeria prospered from the abolition of the slave trade as much as Rivers State. To fill the void left by the end of slavery, the British turned to palm oil and Rivers became the most economically vibrant part of Nigeria. Around 1900, Nigeria was the world’s largest palm oil producer and Port Harcourt was the port through which most of it was exported. Maybe Governor Fubara should resume this programme by building processing plants to manufacture finished gods like soap, detergents, engine oil, etc?

[5] Palm oil brought thousands of Igbo traders into modern day Rivers State. For starters, the likes of Jaja of Opobo were Igbo traders and then towns like Bonny sprang up out of nowhere as these migrants founded settlements. Today, the Igbos known as the Ikwerre, are the majority in Rivers State. Former governors Odili, Amaechi and Wike are all Ikwerre, which is an Igbo sub-group as far as I am concerned. In my book, an Ikwerre man is just as Igbo as a Wawa or an Ngwa one and their dialect is Igbo through and through. Governor Fubara needs to find a way to tap into this entrepreneurial spirit of the Igbo majority

[6] On March 25 1807, the Abolition of the Slave Trade Act received its royal assent from the King of England, abolishing the slave trade in the British colonies and making it illegal to carry enslaved people in British ships. From then onwards Rivers State began an unprecedented growth. Do you know that most of the slaves shipped through the Niger Delta passed through the port of Calabar but when it came to palm oil, Port Harcourt became king. Maybe the British left Calabar because they wanted to lay the ghost of slavery to rest. Governor Fubara should buiold on this by seeking to make Port Harcourt Africa's largest port. He should begin by wooing investors to dredge and expand it

[7] In 1832, the British began exporting palm kernels from Nigeria and by 1911 British West Africa alone exported 157,000 tonnes of which about 75% came from Nigeria. As recently as the early 1960s, Nigeria’s palm oil production accounted for 43% of the world output. Today, we are actually producing more then we did back then but our output only accounts for 7% of the global total. Clearly Governor Fubara needs to expand production to catch up with Malaysia and Indonesia, opening new plantations, using high-yielding hybrid seedlings

[8] We no longer dominate the palm oil trade partly because the British never deemed it fit to invest in palm oil plantations in Nigeria. In the 1870s, British administrators took the plant to Malaysia and in 1934 that country surpassed Nigeria as the largest exporter of the product. You know why? The first commercial scale plantation in Malaysia was founded in 1917 and established in Tennamaran Estate in Selangor. How come the British saw it fit to establish a plantation in Malaysia but not in Nigeria? It tells me that the slave trade mentality still prevailed. They deemed us not worthy of serious commercial activity. Governor Fubara should hold the British to account over this and force them to invest in Rivers State. What stops a British food company like Northern Foods, British Sugar, Tate & Lyle or Weetabix from diversifying into palm oil processing in Nigeria?

[9] As fate would have it, Rivers State also killed the palm oil trade following the discovery of crude oil at Oloibiri in 1956 and the commencement of production in 1958. That year, our first oil field came on stream producing 5,100 barrels per day and since then, we have not thought of anything else. Today, Rivers State is the second largest crude oil producer in Nigeria and has a GDP of about $21bn and a budget of N480bn ($1.3bn). However, it’s internally generated revenue (IGR) is only N61bn (170m). Now, for me this figure is skewed as under resource control, oil revenue should count as IGR in Niger Delta states. Anyway, my point is that Rivers State should have a highly diversified economy

[10] I just have this gut feeling that when Nigeria ends her mad dependence on crude oil, Rivers State will also be at the centre of it. Personally, I take the stance that nothing other than manufacturing will get us out of this morass. Rivers State will be key to that. Just imagine the size of the Nigerian economy if we had shipyards at Port Harcourt, Bonny, Degema, Buguma, Abonema and Opobo building merchant cargo ships, air craft carriers, submarines and naval gunboats?

ayoakinfe@gmail.com