Business
Cleric Tasks Oil Firms On Youth Employment
A United States based cleric and entrepreneur, Rev Godwill Keenam, has urged multinational companies and oil firms operating in the Niger Delta region, to give priority attention to youth employment and empowerment as key components of their corporate policies towards their host communities., who is the founder and coordinator of Calvary Outreach Ministries Worldwide gave the urge while speaking with The Tide in an interview in Port Harcourt, Saturday.
He noted that absence of the youth from gainful employment and other engaging economic activities results into boredom on their part, with crime as the aftermath effect.
The renowned cleric said it was ironical that youths from Rivers State and the Niger Delta in general, were mostly disengaged from active enterprise development despite the presence, of myraids of multinational oil firms in the area.
He said as a matter of comparative advantage, the multinationals should create small industries from the major conglomerate and train the youths in specialized areas to fit in the modular refineries scheme to stem unemployment.
Keenam, who organised anti-recession summit in Port Harcourt last year, also cautioned the youth, to shelve the idea of working in oil companies alone, but develop special skills to make them productive and saleable in the labour market.
He emphasized that youths should channel their energies toward creative ventures by approaching the oil firms with good entrepreneurial proposal while advising the oil firms not to shut their gates against youths with creative talents.
The cleric regretted that the Niger Delta was still carrying the burden of poverty, inspite of the brunts of environmental pollution that devalues their natural inheritance.
Taneh Beemene
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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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