Business
NUJ Moves To Reactivate Members’ Insurance Policy
The Nigerian Union of Journalists (NUJ), says it is studying its insurance policy with a view to reactivating the process and making it more useful to its members.
The National President of NUJ, Mr Chris Isiguzo disclosed this in an interview with The Tide in Cross River recently.
Isiguzo noted that the policy, which was initiated by the former President of the union, Mr Garba Mohammed, during his tenure, was laudable, though many Journalists did not key into it.
Isiguzo, who was in Cross River for the burial of late Ndoma Akpet, former state Chairman of the union, said his administration planned to reactivate the process with the inclusion of National Health Insurance Scheme (NHIS).
“Mohammed initiated policy and a lot of members have benefited from it actually, but when he left office, because of the way we handle our things, it was not sustained.
“But now we want to reactivate it and even include NHIS because it is not just when somebody dies that he or she will benefit.
“But another thing is that most of our colleagues didn’t even key into the programme, they waited for state governments to enroll them; but this is something that is personal,” he said.
When reminded that the late former chairman enrolled for the insurance scheme, he promised to cross-check his records for confirmation.
“It is good for reminding me, I will check my records, but what we don’t know is, whether he sustained it or he just paid for one year and abandoned it.
“You know insurance policy is such that, when you do not sustain it, it is as good as you did not do it at all”, he said.
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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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