Business
Customs, Others Collaborate On Security At Seme Border
The Seme Area Command of the Nigeria Customs Service (NCS) said it was collaborating with other security agencies to secure the borders.
A statement by the Public Relations Officer of the command, Mr. Saidu Abdullahi, said the Customs Area Controller, Comptroller Mohammed Aliyu, was carrying out the directive of the Comptroller-General to secure all land borders.
According to the statement, Aliyu made the remark while directing the construction of a fence to block an illegal route that might be used by miscreants for various cross border crimes.
Aliyu, who is also the Chairman, Joint Border Security Meeting (JBSM), said he would ensure effective collaboration among the security agencies at the Semester border post.
He said the collaboration was for efficient border management, and that security would not be compromised.
The controller said the collaboration was coming on the heels of a review of the operational strategies being implemented at the command.
He said the Customs command was determined to suppress trans-border crimes to the barest minimum.
Aliyu promised to continue to enforce the Federal Government policies on all prohibited items through Lagos-Abidjan international corridor.
The controller advised stakeholders operating at the border post to engage only in legitimate transactions and adhere strictly to proper cargo clearance procedures and guidelines.
“The Comptroller-General of Customs, Retired Col. Hameed Ali, had alerted all border commands to maintain strict surveillance, as smugglers who have seen that the ports are impassable may try crossing through the borders.
“The command is ensuring that all identified loopholes are sealed.
“The use of the functional scanner machine has made it impracticable for any concealment to pass through,” Aliyu said.
He also said the command realised N438.68 million in May 2018.
According to him, the command’s commitment to intelligence-driven operations has led to the arrest and seizure of 130 contrabands with a Duty Paid Value (DPV) of N95.50 million.
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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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