Business
Tunisia, Nigeria Lament Low Volume Of Trade
The Tunisia Foreign Affairs Tunisia, Mr Khemaies Jhinaoui has stressed the need to increase the 50 million dollars volume of trade between his country and Nigeria
Jhinaoui stated at a joint press briefing with his Nigerian counterpart Geoffrey Onyeama, after the Nigeria-Tunisia Joint Ministerial Commission in Abuja.
The Minister, who decried the current volume of trade between the two countries, said that measures were needed to be put in place to enhance their economic and trade relations
He said that the two countries had a long term relations but the trade volume did not reflect the level of the relations.
The Minister said the two countries should explore the available potentials to make sporadic increase in the trade and economic relation between them.
“”Fifty million dollars trade volume is below the expectation of both countries and there is need to increase it,” he said.
He stressed on the need to encourage and support the full functioning of the bilateral Chambers of Commerce and mutual participation in trade fairs and exhibitions between the two countries.
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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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