Business
Sambo Inaugurates Railway Operation In Makurdi
In fulfilment of the
Federal Government’s promise to Nigerians to revamp the railway system in the country, Vice President Namadi Sambo on Friday inaugurated five 68-passenger coach air-conditioned trains in Makurdi.
Sambo explained that the inauguration of the trains was in fulfillment of President Goodluck Jonathan’s promise to revive the rail sector.
Sambo explained that the sector remained an important area to economic growth of the nation.
He added that the Jonathan government would give priority attention to policies that would boost the growth of the country even as he said government would also facilitate the rail system to function effectively.
The Vice President said the Abuja Standard Gauge which is the first of its kind in West Africa would be completed in the first week of February as well as the Aja Okuta rail line to connect Lokoja River Port.
He added that the Lagos line was intended to connect all oil-producing states of the nation.
Speaking, the governor of Benue State, Gabriel Suswan, said the inauguration of new coaches would make for easy transportation of goods from the state to other parts of the country.
The new coaches are expected to cover Makurdi-Port Harcourt-Enugu, Makurdi-Jos, Makurdi Gombe-Bauchi.
Business
NCAA Certifies Elin Group Aircraft Maintenance

Business
SMEDAN, CAC Move To Ease Business Registration, Target 250,000 MSMEs

Business
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.
-
Oil & Energy5 days ago
Reps C’mitee Moves To Resolve Dangote, NUPENG Dispute
-
News5 days ago
China sentences former Agric minister to death
-
Rivers3 days ago
Eight Young Nigerian Entrepreneurs Win N2.4m In Youth Enterprise Challenge
-
Sports5 days ago
Makinde Expresses Readiness To Host Super Eagles
-
Niger Delta5 days ago
Warri Crisis: Oborevwori Sues For Peace
-
News3 days ago
NCDMB Mulls Digitalization Training For 3700 Youths
-
Politics5 days ago
Experts Want ECOWAS Parliament To Tackle Fake News
-
Sports5 days ago
Man Utd Lose, Again