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Boost Economy by modern technology, we’ve increased Marine revenue from N126Billon to N242 billion for the first quarter of this year, Says Oyetola
Two key agencies with the Marine and Blue Economy ministry raised their revenue profile by 92 per cent, Minister Adegboyega Oyetola said yesterday.
According to him, the earnings by the Nigerian Ports Authority (NPA) and Nigerian Maritime Administration and Safety Agency (NIMASA) grew from N126,359,074,742 in the first quarter of last year to N242.811 billion in the first quarter of this year.
The minister attributed the success to the far-reaching reforms introduced by President Bola Ahmed Tinubu and being implemented by his ministry.
Oyetola spoke yesterday while presenting his ministerial scorecard as part of activities marking the first year of the Tinubu Administration.
He gave a breakdown of the revenue growth by the four agencies in his ministry, including the NPA, NIMASA, Nigerian Shipper Council (NSC) and the National Inland Waterways Authority (NIWA).
Oyetola said: “We have been able to ramp up revenue to the government in the last year and we are poised to do more.
“A comparison of Quarter 1 of 2023 against Quarter 1 of 2024 revenue performance across the agencies reveals a 92 per cent increase.
“In 2023, the NPA generated N82,987,439,908 while it generated N170,493,192,630 in the Q1 of 2024.
“NIMASA in 2023 generated N37,405,830,219 while in the Q1 2024, the revenue generated was N62,154,237,671
“The Nigerian Shipper Council (NSC) which generated N4,878,647,275 in the Q1 of 2023 experienced N8,675,726,282 revenue generation in the Q1 of 2024.
“The National Inland Waterways Authority (NIWA), recorded N1,087,157,340 in the Q1 of 2023 while in the Q1 2024, the revenue generated was N1,488,588,802
“Overall, compared to last year where in Q1, the entire sector generated N126,359,074,742 in Q1 of 2024, the revenue generated was N242,811,745,385.
“So, the sector witnessed N116,452,670,643 revenue growth compared to the Q1 of the previous year which is a 92 per cent increase in revenue generated.”
He attributed the growth in revenue generation to an increase in vessel calling at the ports and other things.
Oyetola said: “The increase in revenue performance has largely been due to a 10 per cent increase in the number of vessels using our ports due to strategic investments in port infrastructure in the last one-year, mooring boats, patrol vessels and dredging of the port’s channels. We have also tightened revenue assurance by deploying technology.
“Revenue generation is critical to us and that is why we commissioned revenue enhancement studies focused on the ministry, its departments, and agencies.
“The objective is to further identify and block leakages while identifying recommendations to expand current revenue sources.
“Automation of revenue collection processes to eliminate bottlenecks and enhance transparency and accountability is also our goal.
“We are also deploying revenue assurance technologies to ensure accurate and complete billings in line with established contracts and services rendered.
“We would ensure the efficient utilisation of existing assets through concessions to the private sector and public-private partnerships as required.”
Oyetola explained that funds have been sourced for the comprehensive modernisation and reconstruction of Tin Can Island and Apapa Port Complex.
He said discussions were ongoing to seek funds for the rehabilitation of Onne, Rivers, Delta and Calabar port complexes.
The minister said the port modernisation would generate at least, 20,000 jobs, decongest the ports, and improve ease of doing business.
Oyetola said the government was considering the Public Private Partnership (PPP) model for a national shipping line to protect the nation’s economic interest.
To protect the inland waterways, the minister also said the ministry would procure three water ambulances for areas where accidents were prevalent.
He said a national policy on blue economy will be unveiled by year’s end.
Oyetola said the reforms initiated by the ministry and the deployment of modern technology led to an increase in revenue.
The minister also explained that the proposed shipping line would boost the economy and give opportunity to ship owners and others in the sector to thrive.
Oyetola added: “Efforts are in top gear to create a national carrier based on a PPP arrangement that will entail very limited equity participation by the government.
“This will reduce capital flight, create shipping jobs, and enable Nigerian ship owners to benefit more from the global maritime shipping trade through Cost, Insurance and Freight (CIF) of cargo onboard.
“The point of a shipping line is not to bring back the Nigerian National Shipping Line (NNSL). The issue is that we should have a shipping line.
“We realised that we are losing so much in the area of freight because we don’t have a shipping line that would compete with most of the other shipping lines in other parts of the world.
“So, the intention is to have PPP, the government may decide to have token equity or it could be a purely private partnership.
“We are not looking at bringing back the moribund or liquidated NNSL. I don’t believe the government should be in business.
“The government will create an enabling environment for business to thrive. The failure of the first line was because NNSL was purely run by the government and it died a natural death.
“We should allow the private sector people that are trained for business to drive business.
“So, we are looking at a partnership perhaps between government and private or private-private but we need to have a line that will fly our own flag and enjoy the opportunity of not only participating in freight but also participating in bringing import to our country.
“If we have our own line, we are entitled to about 40 per cent of import coming to our country. So, that is the kind of thing we are looking at and not NNSL that is liquidated.”
For the safety of the inland waterways, he said: “Deployment of Water Ambulances – we have deployed three water ambulances for prompt search and rescue operations on the inland waterways. This will reduce fatalities whenever accidents occur on our inland waters.
“The issue of water ambulance is a pilot scheme is meant to take care of specific areas and we are going to buy more to cover the entire country but there are specific places where accidents are very prevalent, so we want to ensure that these three ambulances are deployed to take care of those areas where we have been having lots of accident.
“The intention is to ensure that we have enough to go around the entire country to cover our inland waterways.”
The minister also said in line with its key performance indicator, the ministry had initiated consultations with relevant bodies to reduce, by the end of the year, the number of agencies at the seaports to a maximum of even to fast-track port processes.
The minister said the extension of the continental shelf will add more to Nigeria’s marine resources, saying: “We have an exclusive economic zone of over 200 nautical miles, and 10, 000 kilometres of inland waterways capable of supporting a vibrant intra-regional trade.
“We are blessed with strategic navigational routes linking Africa with North and South America, Europe, and Asia, making the shipping industry potentially a major driver of our country’s economy.
“Let me hasten to add that the recent expansion of our continental maritime domain came at the right time. Here, we must commend Mr. President on the work of the Presidential Committee on Nigeria’s Extended Continental Shelf Project.”
“The expansion gave us an additional 16,300 square kilometers which is six times the size of Lagos State. This has no doubt added more to the marine resources base of Nigeria.”
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Update : NRC Releases Preliminary Report on Warri-Itakpe Train Crash, Says Wheel Defect May Have Triggered Derailment
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……NRC Suspects Wheel Defect, Rules Out Track Vandalism
The Nigerian Railway Corporation (NRC) has released its preliminary report on the June 8, 2026 derailment involving the Warri–Itakpe Train Service (WITS), revealing that a possible sudden bogie or wheel defect may have triggered the accident.
The incident occurred at about 4:17pm near the Outer Home signal of the Goodluck Jonathan Railway Station at kilometre 177, Owa-Oyibu, Agbor, Delta State.
According to the NRC, the train had departed Itakpe at 12 noon with 482 people on board, comprising 442 passengers and 40 operational personnel, when the derailment occurred.
Five coaches, one locomotive and a power car were affected, with three coaches and the power car overturning.
The Corporation said emergency response operations were immediately activated with support from the Delta State Government, the Nigeria Police Force, Federal Road Safety Corps (FRSC), National Emergency Management Agency (NEMA), local authorities and medical teams.
All passengers were evacuated within two hours of the incident.
However, the accident resulted in four confirmed deaths — three adults and one child — while 64 people sustained various injuries.
The NRC said 28 injured passengers were treated and discharged at the Railway Hospital, Owa-Oyibu, while another 36 were transferred to hospitals in Owa-Oyibu, Owa-Alero and Agbor.
Most of those admitted were discharged within 72 hours, while three people, including an NRC employee who required surgery, remained under specialist medical care. Two of the affected persons subsequently underwent surgical procedures.
The Corporation also clarified that its initial report of five fatalities was later revised to four following verification with the Delta State medical team responsible for the deceased.
Possible wheel defect identified
The NRC said its internal investigation involved site inspections, evidence gathering, examination of operational records and communication data, technical assessments of the locomotive and rolling stock, as well as interviews with train crew, operations and maintenance personnel, witnesses and emergency responders.
The investigation also examined the track infrastructure, turnout arrangements, communication systems and the effectiveness of the emergency response and evacuation operations.
Based on the preliminary findings, the NRC said investigators identified the possible sudden development of a bogie/wheel defect while the train was in motion as a potential primary factor in the derailment.
According to the Corporation, such a defect could have resulted in abnormal wheel-rail interaction, excessive impact loading and loss of running stability.
The investigators also identified the possible manner in which the train’s brakes were applied as a factor that may have contributed to the severity of the accident.
However, the NRC stressed that both issues remain working hypotheses and that the definitive cause of the derailment would only be established after further technical analysis.
No evidence of track vandalism
The Corporation said its inquiry team found that the railway points at the accident location were intact and that there was no evidence of track vandalism.
This finding distinguishes the June 8 incident from two previous accidents involving the same Warri–Itakpe service on November 1 and November 8, 2025, which the NRC said were attributed to track vandalism.
The independent Nigerian Safety Investigation Bureau (NSIB) has also commenced its statutory investigation into the accident.
The NRC said it was cooperating fully with the NSIB and would be guided by the findings and recommendations contained in its final report.
NRC announces safety measures
Following the preliminary findings, the Corporation recommended comprehensive safety inspections and audits of rolling stock, railway tracks and infrastructure before equipment is returned to service.
It also called for stronger maintenance and condition-monitoring programmes, timely replacement of defective components and improved availability of critical spare parts.
The NRC further recommended a review of operational safety procedures, improved emergency preparedness and rescue capabilities, enhanced staff training and competency assessments, as well as sustainable funding for railway modernisation.
The Corporation also proposed improvements to its insurance and compensation framework to ensure adequate protection for passengers and staff in cases involving medical treatment, disability and fatalities.
WITS service yet to resume
The NRC said the affected track has been fully recovered and restored, while the locomotives involved have also been recovered and are currently undergoing reconditioning.
However, the Corporation said the Warri–Itakpe service would not resume until a detailed safety audit of the track and equipment has been completed.
The NRC expressed condolences to the families of those who lost their lives in the incident and apologised for the delay in releasing the preliminary report, explaining that additional time was required to properly verify the casualties and notify the affected families.
The Corporation said it remained committed to implementing recommendations arising from both its internal accident inquiry and the independent NSIB investigation, with the aim of strengthening railway safety and restoring public confidence in train transportation.
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JUST IN: Nollywood Mourns as Taiwo Hassan ‘Ogogo’ Dies at 66
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Veteran Yoruba actor Taiwo Hassan, popularly known as Ogogo, has died at 66.
His daughter, Kira Taiwo, confirmed his passing during an Instagram Live session on Sunday.
The news comes days after Kira and her sister, Lima Taiwo, made public appeals on Monday, August 17, 2026, for medical advice for their father, who was battling stage-four cancer.
Kira said doctors had stopped chemotherapy because of his condition, and the family was seeking alternative treatments, including specialised procedures and traditional remedies.
She clarified that the family was not asking for financial donations, but for information on possible treatment options.
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Nigeria’s ‘Fake’ Agency Exposed: Meet Director, 20 State Coordinators, China, US Representatives
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The alleged fake National Brands Development and Made in Nigeria Special Project Office had a structure spanning several states and two foreign countries, with an acclaimed national coordinator, zonal directors, state coordinators and representatives in China and the United States,
A check by our correspondent on Saturday found that the office’s website listed Hon. Nwabueze George as its “Executive Director, National Coordinator,” alongside a director of national administration, three zonal directors, 20 state coordinators and representatives for the United States and China.
Recall that the Chairman of the Independent Corrupt Practices and Other Related Offences Commission, Musa Aliyu, disclosed on Friday that President Bola Tinubu had ordered the immediate arrest of George Nwabueze, identified by the commission as “the promoter” of the alleged fake office.
Tinubu also ordered the immediate suspension of three permanent secretaries — M.S. Danjuma, Nadungu Gagare and Richard P. Pheelangwah — following the discovery of the office, which the ICPC said it had been allocated space within the premises of the Office of the Secretary to the Government of the Federation without presidential authorisation.
The ICPC said the promoter was also found to have operated under several variations of his name, including George Nathan Nwabueze, George Nwabueze, George Buchi Nwabueze, Prince George Buchi Nwabueze and George Nwabueze.
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Nwabueze and Zonal directors
The website listed Nwabueze as the “Executive Director, National Coordinator.”
It also listed Dr Bassey B. Unaowo as “Special Assistant to the Permanent Secretary on Political and Economic Affairs, OSGF”; Dr Hajara Njidda Amoni as Director, National Administration; Mr Oladunjoye Musiliua as Zonal Director, South-West; Hafsat Sahabi Dange as Zonal Director, North; and Mrs Ugochi Akudo Nwosu as Zonal Director, South-East.
Made in Nigeria Zonal Directors
Made in Nigeria Zonal Directors. Credit: website
The website also claimed that the project operated under the OSGF. Its framework page described the project as being overseen by the Permanent Secretary, Political and Economic Affairs, in the OSGF.
However, this claimed government connection is significant in light of the ICPC’s finding that the office was operating without presidential authorisation.
20 state coordinators
The website listed the following as state coordinators:
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Katsina: Dr Babangida Kabir Ruma
Kaduna: Hon. Abdulhaleem Ishaq Ringim
Delta: Hon. Dr Godwin Adolor
Kebbi: Hussaini Abdullahi, Esq., FSI
Osun: Hon. Olugbemi Adetola Adelowokan
Anambra: Hon. Chiamaka Nnake
Nasarawa: Hon. Osolafia Muhammed, PhD
Plateau: Mrs Salome Audu Bidda
Benue: Hon. Orduen Andrew Ikon
Ondo: Amb. Orioye G. Benedict
Ogun: Hon. Engr. Kehinde Akintonide, FNSE
Sokoto: Hon. Ibrahim Umar Aliyu
Abia: Hon. Mrs Nwosu Chinyere R.
Zamfara: Hon. Ibrahim Bello Marafa
Niger: Haj. Zainab Mohammed
Kano: Hon. Abubakar Ahmad Bichi (Khalifa)
Taraba: Hon. Justin Aondoaseer Tyopuusu
Oyo: Alhaji Bello Kolawole Ghaffar, FCA
Bauchi: Hon. Farouq Siyi
Kogi: Hon. Olorukooba Bidemi
Made in Nigeria state coordinators. Credit: website
Newsthumb check also found indications that some of those listed had previously held public positions or had links to established political, governmental or community structures in their respective states.
Another fake agency! FG suspends three perm secs, orders arrest
Made in Nigeria state coordinators. Credit: website
Made in Nigeria state coordinators. Credit: website
In Taraba, Tyopuusu has been identified in recent reports as a Special Assistant to Governor Agbu Kefas on Digital Economy, while serving as the state coordinator of the Made in Nigeria Special Project.
Made in Nigeria state coordinators. Credit: website
Their inclusion on the website does not, by itself, establish that they were aware that the organisation had allegedly lacked government authorisation.
Efforts made so far to reach the management of the acclaimed agency is abortive as of the time of filing the report as all three phone numbers on its website are switched off. Message sent to the acclaimed national cordinator by our correspondent has not been replied.
Reps in US, China
The website also listed Hon. Emmanuel Enemali Achema as “Country Rep./Coordinator, U.S.A.” and Hon. Ameh Enedugbojo Glory as “Country Rep./Coordinator, China.”
Made in Nigeria country reps. Credit: website
The claimed international structure was presented alongside the state and zonal network as part of the organisation’s purported nationwide and international operations.
The office’s website described its activities as including trade exhibitions, economic forums, promotion of Nigerian products and support for small and medium-sized enterprises, claim ICPC disputed.
The development is the latest in an investigation into purported fictitious government bodies.
The ICPC had previously identified the Presidential Foreign Intervention Promotion Council and two other alleged fictitious bodies, the FCT Investment Promotion Agency and the Foreign Investment Promotion Agency and Public-Private Partnership.
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