Business
Prices Of Vegetables Soar In Enugu
Prices of fresh pepper and
other vegetables have soared in markets in Enugu State by more than 100 per cent as the consumers complain of poor cash flow.
Some of the dealers who spoke with journalists in Enugu last Thursday attributed the increase to the poor rainfall and the ongoing Ramadan fast by Muslims.
At Akwata Market, Mrs Felicia Olisa, a pepper seller, said she could only buy in buckets and sell to her customers rather than in baskets due to the high cost.
“For the past one week, I have been buying the pepper I sell to my customers in buckets because the price of a basket of it is outrageous.
“A basket now sells for N14,000 now as against N8,500 before the Ramadan,” she said.
An okro seller at Ogbete Main Market, Miss Ngozi Izuakor, told newsmen that the product had been scarce, making it difficult for the sellers to purchase large quantities.
“I could not buy and sell Okro on Tuesday due its scarcity and increase in price,” Izuakor said.
She said that a basket of okro now sold at N6,000 as against N2,500 before the Ramadan fast.
Izuakor said that the fasting affected the prices of many foodstuffs, especially those produced in the northern parts of the country.
A tomato dealer, Sani Alhassan, said a basket of tomato had increased to N26, 000 as against between N18,000 and N20,000 sold two weeks ago.
Some consumers told journalists that it was difficult to buy a small quantity of foodstuff like fresh pepper, tomatoes or okro at such a high price.
A house wife, Mrs Udoka Nwachukwu, complained of lack of money to buy foodstuffs due to the economic situation in the country.
Nwachukwu noted that the prices of both goods and services had increased and people were finding it difficult to survive.
“We cannot buy foodstuffs in retail due to its high price. The worst hit are the ingredients for soup and stew. People are resorting to alternatives to meet up,” she said.
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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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