Business
Fubara’s N4bn Loan, Calculative – Royal Father
The Eze Oha Evo III, HM King Leslie N. Eke, JP, has described Governor Fubara’s N4 billion business loan as a timely intervention given its commencement at the peak of the 2024 farming season.
The Eze Gbagbaka, who stated this in a chat with newsmen at his palace in Woji, Obio/ Akpor Local Government Area, said such was a great testimony of the Governor’s determination to reshape the state.
According to him, most of the beneficiaries are seasoned farmers who are willing to go back to their businesses with a target to utilise the loan for the planting season.
He also noted that farmers are the nucleus of every society and should always be brought to the front burner of any positive venture by the government or individuals.
He recalled how farming has over the years catered for both the small and mighty in human environment.
“During my father’s school days, all his term papers were always on the local production of Palm oil in his community (Woji). He actually did well because only he knew how palm oil is produced in his place”, he said.
He stated that farming should be every one’s business in order to help and hit the target of food security.
The Monarch charged the beneficiaries not to squander the said loan as such would project them in a bad light.
On the title of the scheme, “Touching Lives, Creating Wealth”, he said it was in order considering the present economic hardship in Nigeria.
About 3,066 micro, small, and medium-scale enterprises benefitted from the N4billion matching fund loan scheme of the Governor Fubara-led administration.
The Tide learnt that about 100 companies in the state from all the 23 Local Government Areas, including businesses owned by non-indigenes, were beneficiaries.
King Onunwor
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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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