Business
Improved Security, Repairs Excite Commuters On Rivers Road
Commuters using the
Trans-Kalabari Road in Rivers State have heaned a sigh of relief, following increased security presence on the road.
Chairman of the National Union of Road Transport Workers, (NURTW) Abali Park, Buguma Section, Isaac Abraham, while speaking to newsmen in Port Harcourt recently said the road now has three military checkpoints as against one military checkpoint formerly providing security for the road.
He said since the re-inforcement of security operatives, there has been a sharp drop in the spate of criminal activities perpetrated on that road.
The NURTW boss also lauded the state government for repairing the bad portions of the road which had previously aided the activities of the robbers and kidnappers.
“The government has put in place a very good security arrangement.
“You can now drive without stress and the road has been undergoing maintenance consistently since last week”, he said.
According to him, commuters no longer entertain fears while travelling to Buguma, Abonnema and other Kalabari Communities connected by the road.
“We have three check points now on the road and for now the entire area is peaceful and I thank God for the government of Rivers State for acting so fast, because security is very important”, he said.
He expressed delight that people who were afraid to travel to Buguma and elsewhere before are now doing so without fear of molestation by hoodlums on the trans-Kalabari road.
It could be recalled that The Tide recently reported the fear expressed by commuters on the activities of hoodlums due to the poors state of the road.
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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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