Business
PHCCIMA Plans New Database For Members
The Port Harcourt Cham
ber of Commerce, Industries, Mines and Agriculture (PHCCIMA) has developed a database for all its members.
The publicity secretary of the chamber , Chief Nabil Saleh who disclosed this during an induction ceremony in Port Harcourt said that the chamber is out to ensure up to date information on all its members.
He said that the planned database would link the new PHCCIMA prepaid visa card as well as all members identification number.
The President of the chamber, Engr. Emeka Unachukwu said that membership of PHCCIMA is voluntary as there is no law that compels individuals and organisations to join.
He however, said that the chamber had sets of conduct and rules which members are bound to obey and enjoined the new industries to seize the opportunity to improve their professional competence in their various endeavours.
Also speaking, the First Deputy President of PHCCIMA, Dr. Renny Cookey said that the database being proposed by the organisation would go along way in ensuring effective business networking among members.
Dr. Cookey whose speech was entitles. “Leveraging Chamber Membership for Business Networking and success” said that the chamber was working hard to create enabling environment for members as well as other business enterprises.
According to him, the various programmes being put in place by PHCCIMA will help in the growth of its members from local level to international level and urged members to key into the networking programme.
Harry Ikuroa
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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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