Business
Bayelsa, Israel Partner On Fish Farm
The Bayelsa State Gover
nor, Hon. Seriake Dickson, has disclosed that his administration would collaborate with an Israeli agro firm to construct one of its proposed massive fish farms in Boro town, Kolokuma/Opokuma local government area of the state.
Dickson disclosed this while fielding questions from newsmen during the on-the spot assessment of some of the projects sites in the state
He said the collaboration is to boost fish production in the state for local consumption and export.
The Governor has, therefore, called for the cooperation of the chiefs and people of the community, especially in the provision of land for the immediate commencement of the project.
Accompanied by top government functionaries, Dickson expressed satisfaction with the pace of work in some of the sites visited, stating that some of the projects will be completed on or before the deadline.
The projects sites visited include; Isaac Jasper Boro College of Education, Sagbama, Teachers Training Institute at Bolou Orua, Isaac Boro immortalisation project and a 2,500 capacity spectators’ pavilion in Kaiama and the NYSC permanent orientation camp in Kolokuma/Opokuma Local Government.
Others are; Isaac Boro family House, the Memorial Institute and Low cost Housing Estate situated within the Boro town.
Describing the completed administrative and hostels blocks of the new NYSC permanent orientation camp as standard, the Governor observed that the project when completed would rank among the best in the country.
According to him, the facility would not be underutilised at any point in time, as it could also be used for other programmes such as youth leadership training.
Conducting the Governor round the camp, the state Commissioner for Works and Infrastructure, Mr. Lawrence Ewhrudjakpo, explained that the six hostel blocks which are nearing completion will accommodate a thousand corps members.
Dickson, who ordered the inclusion of a sick-bay as an additional structure at the camp, also directed the commissioner to extend the main access road to the parade ground.
At the Isaac Jasper Adaka Boro College of Education, Sagbama Town, Hon. Dickson, inspected the access road, administrative block, ICT library and one block of 24 classrooms that have been completed.
The state Commissioner for Education, Chief Salo Adikumo, the Provost of the College, Professor Saviour Agoro and the Registrar, Dr. Guagha Berezi, conducted the governor round over 24 ongoing projects including hostels, offices and science laboratories which are at various levels of completion.
Responding to some requests of the college, the governor promised that government would survey and acquire more lands for the construction of other critical infrastructure.
Governor Dickson, however, urged the contractors to redouble their efforts and ensure the completion of the projects for commissioning on or before February, next year.
Other projects the Governor inspected include the referral general hospital Sagbama site, for the construction of the Abadiere Childrens’ Home, Tungbo and internal roads at Toru Orua, his country home.
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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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