Business
Association Assures On Critical Infrastructure Protection Bill
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has said that the Critical Infrastructure Protection Bill would be ready before the end of the year.
Chairman of the association, Mr Gbenga Adebayo gave the assurance in an interview with The Tide source in Lagos
He said the bill was already with the National Assembly and a lot of work was already in process to ensure its readiness.
According to him, the Minister of Communications Technology, Mrs Omobola Johnson, is assisting to ensure that the bill is passed into law as soon as possible.
“A lot of work is in process.
“At least, it has more visibility than it had in the past years we have been on the campaign,’’ he said.
Adebayo said the campaign to declare telecom equipment as critical national infrastructure had been on since 2010, but was only sent to the National Assembly in 2012.
He said the enactment of the bill would make vandalism or an injury to telecoms infrastructure by any person, body or institution a criminal act.
Adebayo said there was the need to declare ICT infrastructure a national resources which should be protected just like the railway and electricity installations.
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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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