Business
No Vacuum In the Presidency –PDP
The National leadership of the Peoples Democratic Party (PDP) has restated that the absence of President Umaru Musa Yar’Adua has not created any vacuum in the presidency.
The National Publicity Secretary of the party, Prof Rufai Ahmed Alkali, who said this in a statement made available to newsmen also said that the party would continue to remain focused and united despite attempts being made by opposition politicians to break its rank and file.
‘The Peoples Democratic Party (PDP) has observed an unfortunate emergent trend among opposition politicians who are desperately trying to use the media to sow a seed of discord within our ranks” he said.
The party which commended Vice President Goodluck Jonathan for his statesmanly disposition and the effective manner he has been holding forth the ship of state, however said that the PDP has remained focused in praying for the quick recovery of Mr President.
‘We therefore view stories purporting a division within the party on the basis of successive arguments as unnecessary distractions and also attempts to break the cohesion that currently prevails in the party, it said.
The party also stressed the need for the office of the president to be insulated from the dangerous schemes of power managers.
Business
NCAA Certifies Elin Group Aircraft Maintenance

Business
SMEDAN, CAC Move To Ease Business Registration, Target 250,000 MSMEs

Business
Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
-
Rivers4 days ago
Democratic Rule Return Sparks Renewed Debate In Rivers
-
News4 days ago
Troops arrest five suspected criminals with concealed AK-47 rifles
-
Rivers2 days ago
FTAN Marks Tourism Day With March, Awards
-
Sports4 days ago
Plateau Wins Kanemi, As Bayelsa, Bendel Played 1-1
-
Education4 days ago
VC Congratulates Igwe on Appointment as Pro-Chancellor
-
Sports2 days ago
Arsenal’s Saliba Wants to Be Best
-
Politics4 days ago
Alleged Attack On Abure In Benin, LP Calls For Investigation
-
Sports4 days ago
La Liga: Atletico Bring Real Back To Earth