…We are determined to stabilise governance in the oil-rich state-Presidency

President Bola Tinubu has once again stepped in to defuse political tensions in Rivers State, urging Nyesom Wike to suspend impeachment moves against Governor Siminalayi Fubara.

The oil-rich state, which hosts key energy assets and contributes significantly to Nigeria’s revenue, has faced heightened uncertainty as political rifts threatened governance.

Tinubu’s mediation is seen as critical for maintaining investor confidence and ensuring uninterrupted oil and gas operations. Analysts warn that prolonged instability could disrupt production, weaken fiscal inflows, and dampen business sentiment. By restoring calm, the presidency signals its commitment to safeguarding Nigeria’s economic lifeline and reassuring both local and international stakeholders that political disputes will not derail investment prospects.

Read also: Wike-backed PDP faction fixes March 28–29 national convention

The peace effort underscores Tinubu’s broader strategy of stabilising political flashpoints to protect national growth, secure investor confidence and ensure uninterrupted market activity in Nigeria’s most strategic energy hub.

Muhammad A. Akanji is a Senior Research Fellow and Data analyst at BusinessDay Media with over a decade of experience and a keen focus on Nigeria’s macroeconomy, public finance, and development reform analytics. His writing examines the intersection of data, governance, and inclusive growth, with published analyses spanning monetary policy, fiscal transparency, and social-sector resilience. His articles provide a thought-provoking angle to socio-economic issues for private-sector executives, development practitioners, and civic organisations on navigating Nigeria’s rapidly evolving economic landscape. A keen observer of geopolitical trends and domestic policy shifts, Akanji brings a data-driven, evidence-rich approach to storytelling; bridging complex economic realities with clear, accessible insight for decision-makers and the informed public.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp