Business
Bad Roads Killing Our Cars, Travellers Tell FG
Some Nigerians have ap
pealed the Federal Government to ensure that Nigerian roads are motorable.
They made the appeal on Friday after narrating their experience during the Yuletide and the New Year celebration.
Some of them told newsmen in Abuja that some of the roads were bad.
A civil servant, Mr Thompson Akingbemiga, said that the conditions of the roads he travelled on were in “sorry states’’.
An Architect, Mr Geofrey Ahanonu, said that the Nigerian Roads had turned to death traps.
“I and my family left Abuja on December 22, by 5 a.m., but could not get home until 10 p.m. because of bad road, especially the Ajaokuta axis.
“The potholes are better imagined. I don’t understand what the government is doing concerning road repairs.
“I know Federal Roads Maintenance Agency is responsible for the roads, but we are not feeling their impact,” Ahanonu said.
A student, Miss Kelechi Eluwa, a student, decried the neglect of the Ajaokuta road.
Eluwa, whose aunt died in an auto crash on October 17 on Lokoja- Abuja Road, appealed to government to give Nigerians good roads.
“ I lost my aunt on a ghastly motor accident because the driver was trying to avoid a big pothole, even my brother in-law is still at the hospital.
“My aunt is yet to be buried. I implore the government to please help us and work on all the roads to avoid other sad incidents like this,” Eluwa said.
A photographer, Mr Samaila Audu, told reporters that government should do something urgently on the state of Nigerian roads.
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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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