Business
NPA To Check Influx Of Ports Intruders
The Nigerian Ports Authority (NPA) on Wednesday said it would disallow intruders from carrying out illegal businesses at the ports.
The Apapa Port Manager, Mr Nasir Mohammed, told the newsmen in Lagos that the port was meant for legitimate business activities.
According to him, access into the ports must remain restricted to ensure the safety of workers at the ports.
“On the issue of access control, the port continues to remain a security facility and for that reason, access into the port must be regulated.
“Especially in view of current situations that have been happening across the country; we have never taken it for granted.
“We have continued to ensure that there must be maximum security provided in the port.
“So, for this reason, the Port Police and the NPA security personnel have been doing their best and we’ll continue to encourage them, especially in ensuring that people that have no legitimate business in the port do not get into the port.”
The port manager said further that the management would continue to ward off squatters from the port.
“Last year, we undertook operations to dislodge squatters and other people that have no business in the port, especially around the customs areas and is going to be a continuous exercise.
“We usually collaborate with the customs and other agencies inside the port, to ensure that we rid the port of people that have no legitimate business inside the port.’’
Report says that the port security operatives at the gate subjected pedestrians to multiple checks, requesting for valid photo identity cards, in addition to other security checks.
He said that when the Chapter was fully admitted by ICC, Nigeria would have a seat with all recognised chapter in the world.
According to him, it was clear that Nigeria needs a new paradigm in its approach to infrastructural development.
He said that it was obvious also that Nigeria had a chronic problem due to lack and effective use of building codes and standards in infrastructural development.
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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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