Business
Emir Tasks Govt On Fertilisers
The Emir of Bauchi, Alhaji
Rilwanu Adamu, has called on the state government to provide fertilisers for farmers for the 2015 cropping season.
Adamu made the call in Bauchi when he paid Sallah homage to Gov. Mohammed Abubakar.
He further called on the state government to provide tractors and pursue the construction of Kafin Zaki Dam and other similar dams to boost irrigated agriculture in the state.
Adamu also urged the governor to solve the persistent water problem within Bauchi metropolis and tackle the dilapidated roads to ease transportation problem being faced by the people.
He thanked the Almighty Allah for the successful completion of the Ramadan fast, and commended the state government and Islamic scholars over the peaceful atmosphere that prevailed during the period.
Responding Abubakar promised to adopt a holistic approach toward rehabilitating the dilapidated roads in the state to reduce hardship of the people.
He said that his administration would rehabilitate some roads in Bauchi metropolis in spite of the lean financial position of the state government.
The governor apart from the rehabilitation, the state government would ensure that some roads were constructed to provide access to various communities to boost the economic position of the people.
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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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