Business
NITPs Hails RSG’s Measures Against Covid-19, Suspends Institute’s Activities

The Nigerian Institute of Town Planners(NITPs), Rivers State Chapter, has commended the Rivers State Government for the proactive steps it took to curb the spread of the coronavirus pandemic in the State.
Chairman of the institute, Emmanuel Ikechukwu, who gave the commendation shortly after an extraordinary emergency meeting of the State Executive Committee of the institute in Port Harcourt, said the government’s measure was in the interest of public health and safety.
Ikechukwu advised members of the institute and the general public to “adhere strictly to the guidelines of the World Health Organisation (WHO) and the National Centre for Disease Control (NCDC) to contain this pandemic by maintaining personal hygiene, washing of hands regularly with soap and water, the use of hand sanitiser, social distancing and self-isolation when necessary”.
He noted that the inconveniences and hardships created by the restrictions following the pandemic were “temporal thus the need for all citizens to be resilient, patriotic and united with government at all levels in the fight to curb the spread of the pandemic”.
The NITPs boss enjoined the state government to put palliative measures in place to cushion the adverse impact of restrictions on the populace.
Ikechukwu also notified NITPs members that following the directives of NCDC and the Rivers State Government to ban all forms of social and public gatherings, the chapter’s monthly general meeting has been temporarily suspended till further notice.
He said further that the earlier scheduled inauguration ceremony of the newly elected state executives expected to hold on April16, 2020 has been postponed, adding that the chapter’s secretariat shall remain shut until April 20, 2020, due to the COVID-19 pandemic.
According to him, all correspondence and enquiries during this period should be channelled through the e-mails and contact phone numbers already provided by the principal executives of the institute.
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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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