Business
Road Crashes: NDLEA Identifies Drug Abuse As Major Factor
The National Drug Law Enforcement Agency (NDLEA) says drug abuse and trafficking are the major contributing factors to over 80 per cent of road traffic crashes in the country.
The Chairman and Chief Executive of NDLEA, Col. Mohammad Mustapha Abdellah (rtd) said this at the launching of the agency’s campaign against illicit drug abuse and trafficking organized to mark the “2018 World Anti-Drug Day” held in Port Harcourt.
The Chairman, who was represented by the Rivers State Commander of the NDLEA, Amb. Rachael Shelleng said the agency’s statistics of the six months of 2018 showed that 80 percent of the total of 93 suspects arrested and prosecuted were private and commercial drivers in the state.
According to the NDLEA chairman, the campaign against illicit drug abuse and trafficking this year was to highlight the dangers of drug use and illegal trade and to provide educational materials to stakeholders mostly drivers and school children in the country.
He said the agency seized a total of 121.15 volumes of illicit drugs, convicted 13 of 93 suspected drug traffickers and rehabilitated 11 of them.
He also said that the remaining suspects were being prosecuted in courts.
Abdallah said the agency is adopting more holistic approach in collaboration with relevant agencies to tackle drug trafficking in Nigeria, including Rivers State to reduce accident on the road.
Also speaking, the Zonal Coordinator, Zone C, Nigeria Customs Service, Port Harcourt, Sanusi Umar said 20-40 feet’ containers containing tramadol drug was intercepted in Rivers State as smuggled illicit drug recently.
Umar also categorised expired foreign rice to Nigeria as drug trafficking.
According to him, over six trucks of foreign rice that had already expired were accosted and that experiment had shown that expired foreign rice was one of the major contributing factors to cancer disease.
He called on the relevant agencies of government to join hands in fighting drug abuse and trafficking, saying that crime would be reduced, if the rate of drug consumption is reduced.
The customs coordinator also urged drivers to shun drinking of alcohol and other related drugs while driving, noting that over-speeding was as a result of alcohol and drugs influence on drivers.
Enoch Epelle
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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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