Business
Expert Wants Women To Float Cooperative Societies
An expert in cooperative development, Mr Charles Nwabuike, says engagement in cooperative societies is a panacea for women empowerment.
Nwabuike disclosed this while delivering a lecture on cooperative development at the conference hall of the ministry of justice in Port Harcourt recently, during the inauguration of the Rivers State Chapter of the Nigeria Chambers of Commerce, Industries, Mines and Agriculture, NACCIMA women in Business.
Nwabuike, who is the senior registrar in charge of cooperative at the Rivers State Ministry of Commerce and Industry, said cooperative was a platform for women to pool resources together for profitable business purposes.
He said it was easier for women that are involved in cooperative movement to access fund for business as interest rates are relatively low.
The expert also urged the women to explore the numerous benefits in cooperatives by forming more cooperatives and abiding by the stipulated rules of cooperative development.
According to the expert, some of the benefits of cooperatives movements include, easy access to fund, mutual business concern, equality and fairness in the distribution of available resources, country development and economic growth.
He added that consideration should be given to women engaged in business activities such as agriculture in the rural areas in terms of provision of credit facilities.
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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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