Business
NCAA Workers Down Tools In PH
Workers of the Nigerian Civil Aviation Authority (NCAA), at the Port Harcourt International Airport, Omagwa, under the aeiges of the National Union of Air Transport Employees (NUATE) (NCAA branch) have embarked on a warning strike to press home their demand.
Speaking to newsmen during a protest at the NCAA office at the airport on Wednesday, the chairman of the Union, Comrade Emmanuel Ajuru, said the union was embarking on the strike to compel the NCAA management to address issues of workers’ condition of service and organogramme.
Comrade Ajuru said that the NCAA management has refused to implement the conditions of service which include welfare and organogramme for workers since 2016,which other agencies in aviation sector are enjoying already.
According to him, the three-days warning strike which started Wednesday will end today, after which the situation will be reviewed for further action, adding that the protest and the warning strike were taking place simultaneously across the country in all NCAA’s office.
“All that we are demanding is that the management address issues of workers condition of service and the organogramme which had been on the table since 2016. The issue of workers and management is like father and son, so we exist for each other”, he said.
Also speaking during the protest rally in solidarity with the union, the secretary of the Rivers State Council of the Nigeria Labour Congress (NLC), Comrade Felix Ohwoefe, said that the NLC was fully in support of the protest.
Ohwoefe said that they were interested in the welfare of workers, pointing that they were determined to ensure that workers in NCAA also enjoy what their counterpart in other agencies in the aviation industry like the FAAN workers enjoyed.
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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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