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UN Group Identifies $1.5trn Blue Opportunities In Niger Delta, Expert Raises Environmental Concerns
The United Nations Global Compact has called the attention of all and sundry to some blue investment opportunities that can be harnessed in Niger Delta, Nigeria that surpass $1.5 trillion in 2022.
This is said to come at a time the Nigeria Blue Economy Stakeholders step up engagements through the Niger Delta Blue Economy Investment Forum to change the dynamics of the crude oil-dependent region to a new future that is green and sustainable with practical projects.
In a statement on Thursday, signed by Segun Adeleye, President/CEO of World Stage Limited and Chairman/Founder, SAFFGLIA.
In his presentation at the Niger Delta Blue Economy Investment Forum held at Monty Suites and Golf Resort, Uyo, Akwa Ibom State capital from November 15-17, 2022, Mr. Erik Giercksky of the UN Global Compact Sustainable Ocean Business Action Platform said, while green bonds clearly address climate and environmental issues, the blue bond can relate to all Sustainable Development Goals (SDGs), reflecting the diversity of factors relevant for sustainable ocean business including fair labor conditions, climate change, waste reduction, and gender equity.
“Using a blue label can show stewardship, in terms of emission reduction in the ocean, but also in ways that may not be fully expressed in a green instrument,” he said.
At the three-day forum organized by Alfe City Institution in collaboration with the Ministry of Niger Delta Affairs, Giercksky who addressed the forum virtually from newly York-listed benefits for a blue bond which can be issued by sovereign countries, multilateral development banks, banks, large and medium-size companies to include enhance the credibility of sustainability strategy; improve the diversity of investor base; create opportunities for larger and longer-term financing; potential improved financing costs; reputation benefits; and internal benefits.
The theme of the forum hosted by the Akwa Ibom State government and supported by the Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Ports Authority (NPA) and National Inland Waterways Authority (NIWA) is ‘Preparing for a Future Less Reliant on Crude Oil’.
Giercksky said the United Nations Global Compact Ocean CFO Task Force in collaboration with ADB Blue Bond Incubator is available to support the private sector to issue blue bonds through the provision of thought leadership; share corporate learning to teach and inspire potential issuers; showcase corporate commitment to the blue economy on the global stage; technical assistance; understand blue bond options, challenges, and benefits; define company’s blue bond framework and secure external verification; Identify assets, projects & KPIs eligible for blue bond proceeds; and Assistance in de-risking, structuring, and issuing the blue bond.
In a presentation titled ‘The Niger Delta Endemic Environment: Challenges and the way forward, Mr. Hilary Efanga, a researcher and Senior Lecturer with the Maritime Academy of Nigeria, Oron identified oil spillage/gas flaring and other forms of pollution as some of the major negative impacts on Niger Delta citizens, the environment and its economy, particularly the blue economy that must be urgently addressed for the blue economy to thrive.
“Central to the poor state of affairs is the largely obsolete laws and regulations in the Nigerian oil industry which have been outpaced by the prevailing technology for crude oil development and use,” he said.
“There is therefore an urgent need to review the existing oil industry laws and create new ones.
“The new laws to be promulgated must be relevant to the current state of affairs and strictly enforced to deal with every aspect of the industry, and very importantly, oil spillage and gas flaring.
“The communities in the Niger Delta region have become the recipient of environmental degradation. Government’s failure to implement appropriate policies to ameliorate the devastating region has exacerbated the phenomenon. Therefore a comprehensive or holistic approach is necessary to address the social and economic predicaments of the people living in the Niger Delta region.”
Calling on the Nigerian government to learn a lesson from how other countries effectively managed spill cases and adopt the same as in the case of the Exxon Valdez Oil Spill and Prestige oil spill disasters, the researcher said, “The cause of oil spill can lead to a very disastrous situation as such should be treated as a national emergency by the Nigerian government whenever it occurs. Not just because this is the case in other regions, but because it is the responsibility of the government to protect its environment.
“The government needs to provide effective capacity building at all levels by training personnel and acquiring basic oil spill response assets and equipment so as to be able to manage and control oil spills.
“Nigeria seems to depend largely on foreign experts for spill management; this approach may not add local content value. Therefore, the country should embark on the expansion of local knowledge of spill management through technology knowledge transfer.
“The government should develop a comprehensive spill management program with the integration of a modern national spill contingency plan and provision of the modern response equipment in readiness to combat any spill.
“Effective public and private sector partnerships are crucial to deal with the occurrence of oil spills in Nigeria with the government playing a major role.”
As for the private companies, he said they are not blameless, as they had not demonstrated commendable corporate social responsibilities in either their operations or their relationship with host communities regarding the effects of their activities on the environment.
“For decades of operations in the Niger Delta, the oil companies have not been significantly involved in the development of the host communities which is the reason for the grievances between parties. Therefore, with the provision of the new PIA, the government should establish an effective monitoring mechanism to ensure that the host communities receive optimal benefits this time,” he said.
“The oil organization should have free emergency national numbers in place this way the habitants in the region can call when there is an event of an oil spill and also when any individual is seen digging near a pipeline route.
“The Nigerian government must be proactive in both regards to controlling oil pollution, management, and biodiversity conservation by enforcing existing regulations, laws, and policies in place, this can be achieved by enormous political support – the determination to enforce the regulations and strengthening the judiciary system, especially in oil spill-related cases.”
Mr. Soji Adeleye, the Chief Executive of Alfe City Institution in his opening remarks listed the objectives of the Niger Delta Blue Economy Investment Forum to include Advanced the national discussion on the imperative of a Blue Economy in Nigeria through practical demonstration of actual projects at the state level; Provide the platform for an individual state to exhibit their Blue Economy projects for both local and international investors; Create a mechanism for peer review amongst the state to encourage open competition; Create a database for the states to serve as a repository of information about development in the blue economy sphere; Establish thriving open source information for investment information on the Blue Economy in the region; Above all, construct a demonstrable tapestry for the youth of the Niger Delta Region of a world of opportunities that would challenge their creativity, entrepreneurial skill in contrast to a culture of entitlement and deprivation.
Adeleye, a member of the Expanded Partnership Committee on Sustainable Blue Economy chaired by Vice President Yemi Osinbajo (SAN) said, “The Blue Economy solution calls for decongestion of Lagos; to reduce the pressure on the Apapa port by encouraging the construction of new sea ports along the coast that can serve the other parts of the country.
“There should be at least 27 functional ports of varying sizes serving a growing population that is rapidly approaching a quarter of a billion people. The case for the construction of new sets of seaports along the Nigeria Atlantic Coast which these littoral states are ready to undertake is overwhelming.”
The expectations of the investment forum include that the Niger Delta region should have a clearer understanding of its role in the success of a Nigerian Blue Economy; Each state should have a broader knowledge of its potential and comparative advantage in the facilitation of the Blue Economy; The youth and people of the Niger Delta Region, should after this forum be more optimistic about the future; Local and international investors should have a clear sight of the enormous investment opportunities available to them at the region; The development and outcome of the Niger Delta Investment Forum should accelerate the national discuss on this concept and help a quick articulation of the required policy formulation and legislation passage.
It will be recalled that major stakeholders in Nigeria’s blue economy had at a three-day ‘The Nigeria Blue Economy Stakeholders Conference’ in Lagos between February 15-17, 2022 made a case for the urgent formulation of National Policy on Blue Economy to harness the immense potential in the ocean ecosystem.
NEWS
Adeleke Clarifies Osun Debt Profile
Osun State Governor, Senator Ademola Adeleke has denied taking foreign loans either secretly or openly since he took over the reign of governance in November 2022, describing any insinuation in that line as mere fake news.
The governor was responding to a recent publication of the state foreign debt stock by the Debt Management Office (DMO) which showed an increase by approximately $26.56 million between December 2024 and June 2026.
The DMO’s external debt stock report as at June 30, 2026, puts Osun State’s total external debt at $101.70 million, compared with $75.14 million recorded as at December 31, 2024. The difference represents an increase of approximately $26.56 million within 18 months.
A breakdown of the DMO figures shows that the state’s multilateral debt increased from approximately $67.60 million in December 2024 to $94.15 million in June 2026. Its bilateral debt also recorded a marginal increase, moving from approximately $7.54 million to $7.55 million within the same period.
Clarifying the details of the debt profile, the governor stated that the DMO had reflected the sum of $25.8 million dollars external loan taken by the previous administration for the Rural Access and Agricultural Marketing Project (RAAMP).
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The loan repayment process had matured by December 2025, hence its inclusion by DMO in its report, the state governor explained.
The governor further submitted that there are four similar external loans by the previous administration which have matured for repayment and which may soon be reflected in the state external debt stock.
Gov Adeleke also noted that his administration has not taken any external loan as a strategy for sustainable financial management of the state resources, chiding those accusing the state government of secretly taking foreign loans as ignorant of the statutory procedures for applying for and accessing foreign loan.
“The above clarification is necessary to set the records straight. If at all, our administration is to take loans for any reason, it will be open to the public with utmost transparency and compliance with due process”, the governor was quoted as saying.
NEWS
Ogun Police Deny Awujale Palace Siege, Explain Chief Gbenden’s Invitation
The Ogun State Police Command has dismissed reports alleging that the Awujale Palace in Ijebu-Ode was under siege by thugs and miscreants, describing the presence of security personnel at the palace as a preventive measure to maintain law and order.
The Command also clarified the circumstances surrounding the invitation and subsequent release of Chief Adebisi Adaran, popularly known as Gbenden, amid the ongoing controversy surrounding the vacant Awujale stool.
In a press release issued on Wednesday, November 11, 2026, the Police Public Relations Officer, DSP Oluseyi B. Babas e y i, said the deployment of police personnel to the palace was aimed at safeguarding lives and property and preventing any breakdown of public peace.
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The Command disclosed that an Assistant Commissioner of Police (ACP) was deployed to supervise the security arrangement and ensure effective operational coordination.
Addressing reports surrounding Chief Adaran, the police said he was invited following a written petition containing allegations against him.
According to the statement, the traditional chief honoured the invitation, was questioned in connection with the allegations and subsequently released on self-recognisance.
The police, however, confirmed that investigations into the matter were still ongoing.
The Command stressed that the invitation should not be interpreted as an indication of guilt, describing it as part of a legitimate investigative process.
It stated that the police remained committed to professionalism, impartiality and respect for the rights of individuals in carrying out their statutory responsibilities.
The statement urged members of the public to remain calm, disregard misleading reports and avoid circulating unverified information capable of generating unnecessary tension.
The Command reiterated its commitment to protecting lives and property and maintaining public order across Ogun State.
The latest development comes amid an ongoing disagreement over the traditional administrative structure of Ijebuland following the death of the former Awujale, Oba Sikiru Kayode Adetona, in July 2025, after more than six decades on the throne.
The controversy centres on the administration of Ijebuland during the interregnum and disagreements between the Ogun State Government and sections of the traditional institution over the legitimacy of the interim administrative arrangement.
The state government had established the Awujale Interregnum Administrative Council (AIAC) to oversee the affairs of Ijebuland pending the emergence of a new monarch.
However, some traditional chiefs subsequently announced the formation of the Adele Oba Awujale-in-Council, an alternative arrangement they said was rooted in the customs and traditions of Ijebu-Ode.
Chief Adebisi Adaran, popularly known as Gbenden, was among the traditional chiefs associated with the Adele Oba Awujale-in-Council.
The development triggered a disagreement with the Ogun State Government, which maintained that the AIAC remained the legally recognised administrative body authorised to oversee the affairs of Ijebuland during the interregnum.
The government subsequently reconstituted the AIAC, rejecting the alternative arrangement.
The disagreement has also moved to the courts, with the Adele Oba Awujale-in-Council instituting a suit against the Ogun State Government and members of the reconstituted AIAC, challenging the legality of the interim administrative structure.
Tensions heightened on Tuesday, November 10, when reports emerged that Adaran had been arrested in Ijebu-Ode amid the dispute.
Some reports alleged that his arrest was connected to the ongoing disagreement over the administration of Ijebuland, although the circumstances surrounding the development had initially remained unclear.
NEWS
2027: Obi Promises to Tackle Insecurity, Revive Plateau Tourism
Former Anambra State Governor and National Democratic Congress (NDC) presidential candidate, Peter Obi, has promised to tackle insecurity, facilitate the safe return of displaced residents and revive Plateau State’s tourism potential if elected president alongside Senator Rabiu Musa Kwankwaso.
Obi made the promises during a town hall meeting in Jos, the Plateau State capital, on Tuesday, November 10, 2026, as part of his ongoing nationwide engagement with Nigerians.
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In a statement shared on his X account, Obi said the meeting provided an opportunity to engage residents and understand their most pressing concerns, particularly the worsening security situation, youth unemployment, electoral integrity and access to financing for small businesses.
He said securing Nigeria and uniting its people would be the foundation for implementing the development plans he and Kwankwaso had proposed.
“In response, I stressed that fulfilling our plans for Nigeria would first require us to secure the nation and unite our people behind a shared purpose,” he stated.
Addressing the security challenges confronting Plateau State, Obi assured residents that his proposed administration would take decisive action against insecurity and ensure that people displaced by violence could safely return to their ancestral communities.
“In particular, I assured the people of Plateau State that we would confront insecurity decisively and enable citizens displaced by violence who are currently residing in IDP camps to return safely to their communities,” he said.
The former governor also addressed concerns about the welfare of vulnerable groups, particularly persons living with disabilities, following a question raised by a participant at the town hall meeting.
He reaffirmed his commitment to ensuring their inclusion, care and wellbeing, stressing that the treatment of vulnerable citizens reflects a nation’s compassion.
“To our brothers and sisters living with disabilities, I reaffirmed our commitment to their care, inclusion, and wellbeing. A nation’s true measure of compassion is found in the way it treats its most vulnerable citizens,” Obi stated.
He further reiterated his commitment to substantial investments in critical sectors, particularly healthcare and education, as part of efforts to reduce poverty and improve the living conditions of Nigerians.
Obi’s Plateau engagement also included a courtesy visit to the Gbong Gwom Jos, His Royal Majesty, Da (Dr.) Jacob Gyang Buba, CFR.
During the visit, Obi said he briefed the traditional ruler on the town hall meeting and its objective of engaging residents on the challenges affecting their communities.
He said the monarch received the delegation warmly, offered prayers and valuable counsel, and expressed hope for a successful programme.
According to Obi, the traditional ruler reaffirmed that traditional institutions serve as fathers to everyone and called for peace, mutual respect and harmonious coexistence as the next elections approach.
After the palace visit, Obi proceeded to Rhythm 93.7 FM Jos, where he participated in an interview programme.
During the interview, he discussed the challenges confronting Nigeria and the plans he and Kwankwaso had developed to address the country’s problems if elected into office.
The former governor also visited the section of Terminus Market that was destroyed by fire several months ago.
At the market, he interacted with traders, business owners, sellers and buyers to understand how they were coping with the losses and rebuilding their businesses amid prevailing economic challenges.
Obi assured the traders that his proposed administration would work towards easing the economic hardship confronting Nigerians, which he attributed to the policies of the current administration.
The town hall meeting also featured discussions on youth unemployment, access to business financing and the protection of electoral integrity, with participants raising concerns about the issues affecting their livelihoods and the future of the state.
On Plateau State’s tourism potential, Obi recalled a period when Jos and other parts of the state ranked among Nigeria’s leading tourist destinations, attracting visitors from across the country and beyond.
He expressed his determination to restore the state’s tourism appeal and return it to its former prominence.
“In conclusion, I recalled the time when Jos and Plateau State more broadly ranked among the foremost tourism destinations for Nigerians and visitors from around the world. I reaffirmed our determination to revive the state’s tourism potential and restore it to its rightful place of prominence,” he said.
Obi also appreciated the Gbong Gwom Jos for his hospitality, prayers and counsel, while commending party supporters in Plateau State for organising the programme.
He equally thanked residents for their participation, warmth and hospitality throughout the engagement.
Concluding his message, Obi expressed optimism about Nigeria’s future, declaring: “A New Nigeria is POssible, and Nigeria will be OK!”






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