Business
Trainee Automobile Mechanic Harps On Retraining
A trainee with N-Build, an empowerment initiative of the Federal Government of Nigeria (FGN), Mr Dike Anyanwu, has charged persons in the automobile repairs industry to sharpen their skills by acquiring the necessary training.
Anyanwu also called for support from the government and automobile companies operating in Nigeria in the training of auto mechanics in the state.
He stated that training any where puts one ahead of their contemporaries in the field, saying it also helps to enhance their jobs.
Anyanwu, who spoke to The Tide recently in Port Harcourt, shortly after a training session at N-Build training centre, explained that the training was an eye opener as it has revealed his inadequacies and stressed that training is key to the development of skilled manpower.
He noted that, “with training, you get to learn new things and modern techniques being used in your chosen field and would put you abreast with your counterparts in other parts of the world.
He further said, the current range of modern cars with innovative equipment poses repairs challenge as they require new and modern technique to fix them.
Knowledge of these modern cars would help in their repairs as mechanics would not need to spend long time trying to figure out what to do and this is where the manufacturers of these cars come in. If they can offer training to mechanics then we will spend less time fixing even the simplest things in the cars.
“Cars are becoming increasingly complex which makes our job more challenging and as such we need new skills to repair modern cars if we must remain business”, he said.
Tonye Nria-Dappa
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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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