Business
Group Wants OBALGA Boss To Decongest Roundabout

A socio-cultural group,
Obio/Akpor Youth Agenda (OYA), has called on the Caretaker Committee Chairman of Obio/Akpor Local Government Area, Collins Onunwor, to decongest the popular Rumuokoro roundabout to allow for free flow of traffic.
President of the group, Buduka Willi Okpa while congratulating Onunwor for his re-appointment as CTC of Obio/Akpor advised him to constitute a taskforce that would regulate the activities of commercial drivers and traders on major junctions within the local government area, especially the Rumuokoro roundabout.
Onunwor stated that activities of traders and commercial drivers are responsible for the increased traffic at major junctions in the area.
“As I congratulate him, I also want to charge him to assist the security agencies to decongest Rumuokoro junctions,” he said.
He added that there was an urgent need to create a terminal specifically for commercial drivers.
“He should as a matter of urgency create a terminal and possibly invite commercial drivers and educate them on the usage of this terminal.
“I think it will go a long way to assist us at Rumuokoro roundabout,” he said.
The Tide further reports that the President of the body also called on the CTC chairman of the area to look into the issue of noise pollution caused by mobile traders.
Let me also appeal to him to invite those advertising their herbal drugs at Rumuokoro junction and call them to order.
“We are talking about noise control, so Rumuokoro area should be starting point for the control of this noise pollution in the area.
“He decried the increased rate of noise generated b y these herbal drug sellers which has become unchecked in recent times and called for a framework to check the ugly development.
You see those advertising their herbal medicine, you see them making a lot of noise, inviting people with the loud speakers, I think it is not ideal, they should be properly advised on how to advertise their drugs,” he said.
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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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