Business
Daewoo Village’ Booms With Trading Activities
A high level of trading activities on different commodities now go on at the Daewoo Village in Emohua Local Government Area of Rivers State.
The village which is located along the East/West Road just after the Choba bridge (near UNIPORT) is now a haven for night trading activities of various commodities, including commercial sex trading as heavy duty trucks, popularly known as trailers, park there every night for business and relaxation.
It was authoritatively gathered that commodities of any type can be bought or sold in that community such as petroleum products, frozen fish, cement, tyres, rods drinks, shoes and wears among others as these trailer and truck drivers park there in their numbers every night to relax themselves, and also make deals.
A driver that plies the Choba-Emohua axis who spoke with The Tide on condition of anonymity said that trading activities in that area are no longer strange to them, pointing out that any commodities that one needs can be bought at a very cheap rate because some of the truck drivers auction some of their cargoes so as to meet up other needs.
The driver who described the Daewoo Village as ‘Women Community’ said that most of the truck drivers that come there are attracted by these ladies whom they usually have fun with and, in the process barter some of their goods.
An Okada operator within the Emohua axis told The Tide that what goes on there is fun, as everything fun needs is available every night, including commercial sex hawkers, adding that no robbery incident had ever been recorded in that place, as tight security service is being provided by soldiers.
The ‘Okada’ man whose popular name is ‘coach’ told The Tide that every truck that packs there pays a security fee of N500 to the soldiers every night and that they make a lot of money in the process.
The Tide’s several visits to the place in the evenings revealed that the place is a beehive of business activities, as several trucks numbering over 300 are parked, with music and drinking activities on very high level as well as other interactions.
Corlins Walter
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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.
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