Business
Ogoni Clean-Up: NYCOP Flays FG – Threatens Mass Protest
The National Youth Council of Ogoni People (NYCOP) has accused the Federal Government, and the Shell Petroleum Development Company (SPDC) of insincerity in the implementation of the Ogoni clean-up exercise as recommended by the United Nations Environment Programme (UNEP).
NYCOP President, Dr. Young Nkpah, who spoke during the 22nd anniversary of the Ogoni Matyres Day celebration said both the Federal Government and Shell were playing politics with the Ogoni clean-up.
He called on the Federal Government to show genuine commitment to the Ogoni clean-up exercise, adding that Ogoni had suffered decades of environmental pollution which has utterly displaced their matural means of livelihood.
As part of measures of expressing the discontent of the Ogoni youth over the poor handling of the Clean-up programme, the NYCOP President said, the Ogoni apex youth body has given the federal government 21 day ultimatum to show sincerity in the clean-up exercise or the NYCOP would be left with no option than to stage a mass protest to press home its demand.
“Ogoni have suffered so much development neglect and persecution in the hands of Shell and federal government, we can no longer be used as pawns in the game of power.
We demand that the Federal Government commence the clean-up exercise according to the directives of UNEP. Ogonis are law abiding people and we demand that justice should be done”, he declared.
In a related development, the President of KAGOTE, a Pan-Ogoni Cultural Organisation, Dr. Peter Medee, in a solidarity message to mark the Ogoni, Heroes Day, also called on the Federal Government and other stakeholders to be committed to the clean-up exercise to ameliorate the sufferings of Ogoni people.
Medee also called on Ogoni leaders to shelve personal gains and work towards the actualisation of the Ogoni struggle which led to the judicial murder of Ken Saro-Wiwa and other Ogoni patriots by the Abacha-led military junta in 1995.
By: 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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