Business
Maintenance Of Public Infrastructure Bill Passes Second Reading
A bill for an Act to ensure the maintenance of public infrastructure scaled through its second reading at the House of Representatives on Wednesday in Abuja.
The bill seeks to provide a law that would hold public officers accountable for decay of public facilities and to pave way for proper maintenance culture of the nation’s public amenities.
Leading the debate on the merits of the bill, Rep. Sadiq Mohammed (PDP-Kogi), said the enactment of the bill would facilitate the protection of public properties.
He said that the proposed law would ensure that public officers were held responsible for any deterioration in public facilities.
‘’The bill is to make sure that somebody is held liable for any decay in public infrastructure,’’ Mohammed stated.
Rep. Samson Osagie (ACN-Edo), in his contribution, said that the bill represented the genuine feelings of members of Parliament towards maintenance of public utilities.
He, however, noted that the issue was beyond the passage of the bill, adding that ‘’it is about the unwillingness of the agencies to do their jobs and implement budgets when they ought to do so.’’
The legislator argued that the bill would serve as a welcome call to the government when planning for construction of facilities to also plan for maintenance of such infrastructure.
On his own, Rep. Cyril Egwuatu (APGA-Anambra), stressed the imperative of establishing a body to hold people accountable for the upkeep of government buildings.
Rep. Khabeeb Mustahpa (PDP-Jigawa), described the bill as timely, adding: ‘’it is a call for us (Nigerians) to go back to the basics. ’’
The bill passed through the second reading when put to vote by the Speaker, Alhaji Aminu Tambuwal.
Meanwhile, a motion on the dearth of quality customer service delivery and protection in Nigeria was unanimously
adopted by the House and referred to the standing Committee on Commerce and Governmental Affairs for further legislative activities.
Leading the debate, Rep. Eseme Eyiboh (PDP-Akwa/Ibom), noted that the poor quality service delivery provided by
public institutions in Nigeria had crept into the private sector.
The House also referred a motion on the need to investigate the influx of sub-standard goods in Nigeria to the House Standing Committees on Commerce and Industry for more legislative action.
Moving the motion, Rep. Ezenwa Onyewuchi (APGA-Imo), expressed concern over the influx of sub-standard goods into the country.
He decried the attitude of Nigerian traders and importers patronising inferior goods in order to maximise their profits.
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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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