Bishop Opeyemi

What a wicked world!

Wisdom is profitable to direct. Ire o

With the Nigeria current situation now, what is your wealth status? Religion opinions only.

Blue Economy: 5 Things To Know About Tinubu’s New Ministry.

In a bid to drive the development of marine resources, President Bola Tinubu has introduced a new Ministry of Marine and Blue economy

The creation of Blue economy, according to analysts, is a good step in the right direction and great news for the long struggling people of Nigeria.

Here are five (5) things you probably don’t know about the newly-established Ministry:

1. The term ‘Blue economy’ in Economics connotes the exploitation, preservation and regeneration of the marine environment. It is generally used in the scope of international development when describing a sustainable development approach to coastal resources.

2. The concept includes a wide range of economic sectors, from the more conventional fisheries, aquaculture, maritime transport, coastal, marine and maritime tourism

3. According to Rear Admiral Atakpa, a leading Nigerian expert on the blue economy, we must optimise the benefits of traditional and emerging sectors in a sustainable way by using an important tool known as “Marine Spatial Planning (MSP).” The MSP is considered the most important element in the establishment of a functional and virile blue economy, and the most critical requirement next to maritime security,” Real Admiral Atakpa added.

4. Blue economy also attempts to embrace ocean ecosystem services that are not captured by the market but provide significant contribution to economic and human activity. They include carbon sequestration, coastal protection, waste disposal, and the existence of biodiversity.

5. According to analysts, if the ministry is properly harnessed, it will boost Nigeria’s revenue, significantly reduce budget deficits – at a time we are using over 90 percent of our revenue to service our debts. It has just been reported that the Central Bank of Nigeria (CBN) owes JP Morgan and Goldman Sachs $7.5 billion in what it classified as “securities lending.”

Seyi Awolowo| Dorathy| White Money -| Doyin x Ilebaye|

So nah only the poor must face hardships now why political class leave like kings..

STATE HOUSE PRESS RELEASE

PRESIDENT BOLA TINUBU APPROVES ESTABLISHMENT OF THE PRESIDENTIAL CNG INITIATIVE; TARGETS NATIONWIDE ADOPTION WITH WORKSHOPS FOR SMOOTH TRANSITION TO CNG-FUELLED VEHICLES

In furtherance of his commitment to easing the impact of fuel subsidy removal on Nigerians by reducing energy costs, President Bola Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI).

This transformative initiative is poised to revolutionize the transportation landscape in the country, targeting over 11,500 new CNG-enabled vehicles and 55,000 CNG conversion kits for existing PMS-dependent vehicles, while simultaneously bolstering in-country manufacturing, local assembly and expansive job creation in line with the presidential directive.

The landmark initiative, which comprises of a Comprehensive Adoption Strategy, will include the following: Empowering Workshops Programme w/ Nationwide Network of Workshops, Local Assembly and Job Creation as key points of emphasis with an initial focus on mass transit systems and student hubs in order to significantly reduce transit costs for the general populace in the immediate term.

Furthermore, in line with the PCNGI's determination to ensure a seamless integration of CNG utility within the current midstream and downstream energy value chain to support its sustainability, the PCNGI will facilitate the provision of workshops across all geopolitical zones and states with essential kits and comprehensive training for newly employed staff, thus creating new opportunities for technical skill development and employment for Nigerians.

The new nationwide network of workshops, to be established through the initiative, would ensure widespread access and demand side utilization of CNG technology and CNG-related expertise, thereby facilitating smoother transitions for vehicle owners at the wider benefit of the Nigerian economy.

Under the aegis of the PCNGI, the following strategic objectives will be achieved:

— The development of new stakeholder-operated Intrastate Mass Transit systems built on CNG.

— Support for states to onboard new CNG buses as part of their Intrastate Mass Transit network (wholesale conversion, retro-fitting and new purchase).

— The deployment of CNG buses through existing Private Mass Transit operators, including new financing programmes for operators through an innovative asset finance programme.

— Incentivize investors to invest in CNG processing, distribution and utilization by providing incentives for enhanced investment and partnership.

— Deliver training and technology transfer to support the After-Sales Services and maintenance sub-industry to create sustainable jobs.

President Tinubu's focus on assembling CNG-enabled vehicles within the country will stimulate economic growth, create employment opportunities, and bolster the nation's automotive manufacturing capabilities.

The launch of this initiative also underscores this administration’s commitment to fostering a cleaner environment by reducing carbon emissions and promoting energy security through the utilization of domestic natural gas resources.

Ajuri Ngelale
Special Adviser to the President
(Media & Publicity)
August 18, 2023

Not everyone that ‘occupies’ a leadership position is qualified to be called a leader. A leader is a person whose actions inspire others to be the best version of themselves.