Business
Med-View To Airlift 2,000 Pilgrims For Lesser Hajj
Med-View Airline says that it would airlift some 2, 000
intending pilgrims from the Lagos, Ilorin, Maidugiri and Abuja zones to Mecca,
Saudi Arabia, for this year’s lesser Hajj.
The General Manager of the airline, Mr David Babatunde, disclosed this while speaking with journalists at the departure hall of the Murtala Muhammed International Airport, Ikeja.
He said that the lesser Hajj to Mecca was a prelude to the
main Hajj schedued to come up later in the year in Saudi Arabia.
“So far, the carrier has airlifted about 1, 000 pilgrims for
the exercise which started last week, and hopes to conclude the exercise by the
end of this month,” he said.
Babatunde told newsmen that the first phase of the exercise would
end by Aug. 11, while the second phase would start on Aug. 19.
He said that the carrier had deployed a Boeing 767-300 on
the route to ensure effective airlift of the pilgrims.
Speaking on some pilgrims who use the avenue to defect to
other countries, Babtunde noted that the airline’s management had devised means
of curbing the occurrence.
“For our pilgrims, we have really sensitised them on the
implication of such defection on the carrier and the country.
“We have also advised and appealed to them not to defect, so
as not to tarnish the existing cordial bilateral relations between the
governments of Nigeria and Saudi Arabia,’’ he said.
Babatunde told newsmen that the airline, in some cases,
asked intending pilgrims to provide guarantors to ensure that they did not
disappear in Saudi Arabia.
It would be recalled that Med-View airlifted some 8, 213
pilgrims from Lagos, Edo, Oyo, Ogun and the Armed Forces to Mecca in the 2011
edition.
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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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