Business
Entrepreneur Tasks Youths On Snail Farming
A Small and Medium Enterprise (SME) executive and owner of JOVANA Farms, Mr. Arinze Onebunne, has urged youths to take up career in Small-Medium Enterprises like snail farming to make themselves self employed, rather than being idle and waiting for paid employment.
He said there are opportunities all over in farming business like, the snail, fish, goat, mushroom and grasscutter farming, which, according to him, can be undertaken through partnership with little start-up capital.
Onebunne, who made this known in a chat with newsmen at the Port Harcourt International Airport, Omagwa, Friday noted that so many youths who have the potential for business have refused to exploit the farming business, but are waiting for paid employment.
Giving little background about his snail farming business, Onebunne said he started breeding snails indoors in a climate-controlled environment, before he graduated to producing snails in an outdoor free-range system, with temperature controlled environment, to speed up the breeding process.
“The system ensures that snails can be harvested at the age of 18 months, instead of 24 months, and can be harvested all year round.
“With its minimal space requirement, indoor snail breeding is now a worth while profit-generating option for small-scale farmers”, he said.
Narrating how he became Interested in the business, Onebunne said a hotelier friend convinced him that snail supply is inadequate, for restaurants in Nigeria, especially the giant land snail, hence he ventured into it.
The Jovana farms Chief executive also highlighted a lot of advantages in snail farming, saying that 90,000 snails can be grown in a year on three plots of land, adding that a giant snail can be sold to a restaurant at N500.
Corlins Walter
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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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