Business
Commission Wants Nigerians To Patronise Energy Bulbs
The Energy Commission of Nigeria, ( ECN ), has called on Nigerians to adopt the culture of using energy saving bulbs, (Light Emmiting Diodes LED) in their homes and workplaces.
ECN said the culture would promote energy efficiency in public buildings.
The Commission in a statement signed by Larry Ogar, a staff of Clean and Green Energy, during a 2 Day sensitisation workshop organised by ECN in collboration with the contracting firm at the Federal Government College, Port Harcourt recently.
Speaking at the event, Larry Ogar said the aim of the workshop was to create awareness to the public on the need to promote energy efficiency in public buildings in Nigeria.
The energy awareness campaign, Ogar said was also to raise students awareness on the importance of energy savings and promote the huge energy saving potentials through the use of energy efficient lighting.
Also speaking, Engr. Yahaya Yekini, a representative of Energy Commission of Nigeria said Light Emmiting Diodes ( LED) bulbs reduce energy consumption at homes and workplaces
“Our aim is to promote energy saving culture in our homes, workplaces and public buildings across the country,” Yekini said.
Earlier, the Vice Principal of Federal Government College, Port Harcourt, Dr. Samuel Udom said the exercise was a welcome
development to electricity users
Udom, who described the Energy workshop as educative, said the awareness on energy bulbs would create the promotion of energy saving culture in our homes.
The principal said the sensitisation programme would certainly help the students in their future endeavours.
Chinedu Wosu
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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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