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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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Lagos Female Lawyer Risks Jail Term For Failing To Produce Suspect

A 29-year-old female lawyer, Ms. Peace Chidinmma Igbo, has been brought before an Ebutta-Metta Magistrate’s Court in Lagos State for failing to produce a suspect she stood bail for.
According to a charge sheet,” That you Peace Chidinma Igbo ‘F’ on the 25th day of November 2024 at the Nigeria Police Force CID Annex Alagbon, Lagos did conspire together to obstruct, prevent, pervert or defeat the course of justice by failing to provide one Sodiq Kazem which you stood bail for in a case of conspiracy, burglary, unlawful entry, stealing and given false information in a bail sum of (N1,000,000.00) One Million Naira at the Nigeria Police Force CID Annex Alagbon Lagos and thereby committed an offence punishable under Section 97 (1) of the Criminal Laws of Lagos State of Nigeria, 2015.
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In his remarks, the complainant’s lawyer, Mr. Olu Akanbi, stressed that Miss Igbo should have known better than to put herself in such a situation.
Akanbi stated that Miss Igbo was protecting other individuals involved in the matter, essentially taking the fall for them.
“These individuals, who are being investigated by the police at the Federal Criminal Investigation Department (FCID) Alagbon Annexe, are reportedly using retired and serving senior police officers to shield themselves and frustrate the investigation.
The lawyer extolled FCID police officers for their due diligence.
Mr Akanbi said as a legal practitioner, Ms Igbo’s actions over the matter have raised questions about her professional conduct. He further stated that Ms Peace Chidinma Igbo and Mr Sodiq Kazeem are both staff of Green Birch Tech Limited and are also conspirators with the other staff now at large.
Meanwhile, the matter has been adjourned to May 20, 2025, leaving Miss Igbo’s fate hanging in the balance.
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I committed to diversifying the economy and expanding revenue sources, not to punish Nigerians, Says Tinubu

President Bola Tinubu said on Thursday that recent government policies are not meant to punish Nigerians but are necessary interventions to prevent the economy from collapsing.
Tinubu made this known at the 55th Annual Conference of the Nigerian Institute of Estate Surveyors and Valuers (NIESV) in Abuja.
The president was represented by the Minister of Housing and Urban Development, Ahmed Dangiwa.
Dangiwa was, in turn, represented by Dr Edna Tobi, Special Assistant for International Cooperation and Partnership in the Ministry.
The conference’s theme was, “Transform, Invest, Drive: Optimising Real Estate Finance and Taxation.”
It brought together stakeholders to deliberate on the intersection of real estate and fiscal policy.
The president said that the administration was committed to diversifying the economy and expanding revenue sources.
This, he said, informed the government’s drive to implement policies that enhanced income from taxation while upholding fairness and transparency.
“Our decision to reform Nigeria’s tax system and fiscal policy was deliberate and strategic,” he said.
“It was a courageous and bold move aimed at addressing the suffocating economic challenges facing the nation.”
Tinubu stated that reforms were tailored to create a more investment-friendly environment, particularly in the real estate sector, and to boost job creation and economic growth.
He acknowledged the critical role of estate surveyors and valuers in achieving these objectives and expressed the government’s willingness to partner with NIESV to deliver effective tax administration and revenue utilisation.
Delivering the keynote address, Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji, described the real estate sector as a vital but under-assessed part of Nigeria’s economy.
Adedeji, represented by Chief Economic Adviser Prof. Mohammed Salisu,identified challenges such as informality, data fragmentation, and inconsistent valuation standards as obstacles to effective taxation.
“The Tax Administration Bill will provide clearer procedures and responsibilities for taxpayers, enhance compliance, and reduce inefficiencies and multiple taxation,” he said.
Adedeji called for the cooperation of NIESV in standardising property valuation methods and supporting the implementation of reforms.
NIESV President, Victor Alonge, described the conference as a milestone event, stating that the outcomes would help reposition land, housing, and infrastructure policy in Nigeria.
He assured that the institute would present a comprehensive communiqué to the government, containing resolutions and actionable policy suggestions to drive national development
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Things You Need to Know About Dr. Charles Akinola, the Newly Nominated Managing Director of SWDC

….A Seasoned Public Policy Advisor and Development Strategist
Dr. Akinola has over 30 years of experience in public service, international development, and strategic governance, specializing in agricultural development, sustainable economic growth, and policy implementation across Nigeria and West Africa.
2. Holds Prestigious Academic Credentials from Global Institutions. He earned a Ph.D. in Agricultural Extension from the University of Ibadan and a master’s in public policy & administration from Harvard Kennedy School, where he was an Edward S. Mason Fellow.
He also studied at Cambridge, Cranfield, and MIT, gaining advanced expertise in cross-sector partnerships, enterprise development, and conflict resolution.
3. Instrumental in the Formation of the SWDC and the DAWN Commission
Long before his nomination, Dr. Akinola played a key role in founding the Development Agenda for Western Nigeria (DAWN) Commission for regional integration. He was deeply involved in shaping the vision of the SWDC.
As Chairman of the Technical Committee under the Southwest Governors’ Forum, he led the review of the SWDC Bill and coordinated regional consensus on development priorities.
4. Former Chief of Staff in Both Federal and State Governments, He served as Chief of Staff to the Governor of Osun State (2018–2022) and later as Chief of Staff to the Minister of Marine & Blue Economy, His Excellency Adegboyega Oyetola (CON), while also acting as Senior Special Assistant on Marine and Blue Economy to President Tinubu.
These roles gave him frontline experience in both subnational and national policy execution.
5. A Leader in Community Engagement and Sustainable Development, Dr. Akinola has worked with major oil & gas companies, including WAPco, designing sustainable livelihood programs across Nigeria and the Gulf of Guinea. His contributions helped establish the Global Memorandum of Understanding (GMoUs) as an industry benchmark for community development in the Niger Delta.
6. Active Global Policy Thought Leader.
He is a member of the Dean’s Council at the Harvard Kennedy School of Government and was a Fellow at Harvard’s Weatherhead Centre for International Affairs. His thought leadership focuses on governance, economic innovation, and institutional reform.
7. Arts Collector
Dr. Akinola is a lover of the arts and culture, collects works of indigenous artists, such as Jimoh Buraimoh, Demas Nwoko, Tola Wewe, Nike Okundaye, among others.
*Career Highlights*
• Dr. Charles Akindiji Akinola is a Public Policy Advisor and Administrator whose work has traversed the agricultural and agribusiness, sustainable community economic development, international affairs, and development sectors, developing strategies that shape policy implementation.
• Dr. Akinola holds a Ph. D. in Agricultural Extension from the University of Ibadan, and a master’s degree in public policy & administration from the Harvard Kennedy School of Government, Harvard University.
• He also holds a Postgraduate Certificate in Cross-Sector Partnerships from the University of Cambridge, Cambridge, UK, and attended certificate courses in Enterprise Development and Management from Cranfield University, Cranfield UK, and in Negotiation, Mediation, and Dispute Resolution from the Massachusetts Institute of Technology (MIT), Boston, USA.
• Until recently, Dr. Akinola was Senior Special Assistant to the President on Marine & Blue Economy and concurrently, Chief of Staff to the Honourable Minister.
• He served as the Chief of Staff to the Governor of Osun State between 2018 and 2022. During his tenure, he supported the Governor in developing and implementing policy objectives and strategic and operational plans of the administration.
• As Chief of Staff, the Southwest Governors Forum appointed Dr. Akinola as the Chairman of the Technical Committee to review the South-West Development Commission (SWDC) Bill and aggregated the position of the six Southwest States towards a joint memorandum to the Governors and subsequently to the National Assembly.
• He has worked with major oil & gas companies within and outside Nigeria including the West African Gas Pipeline (WAGP) / West Africa Gas Pipeline Company (WAPco) covering Nigeria, Republic du Benin, Togo, and Ghana by designing and implementing programs that addressed issues of Sustainable Development and Livelihoods in the Niger Delta and West Africa region.
• He advised and collaborated with International Oil companies in the development of the New Community Engagement Strategy, premised on the Participatory Regional Development Model (2005), guided by the Global Memorandum of Understanding (GMoUs). The model was adopted as the industry standard in Community engagement and development by the joint ventures of the National Nigerian National Petroleum Corporation and the Oil companies in the Niger Delta.
• In previous roles, Dr. Akinola was the Director General of the Office of Economic Development and Partnerships (OEDP) between 2011 and 2018. The OEDP was the strategic Think Tank, Policy Advisory, and Implementation agency domiciled in the Office of the Governor. Dr. Akinola played a central role in the activities leading to the establishment of the Development Agenda of Western Nigeria (DAWN) Commission.
• He was Chairman of the Osun State Planning Commission between 2011-2014 and in this capacity collaborated with leading development partners to deliver sustainable development in the State.
• Dr. Akinola was the Founder and Executive Director of Enterprise for Development International (EfDI) between 1999 and 2009. In this role, he coordinated EfDI’s varied consultancy assignments in community economic development in Nigeria, including the expansion of EfDI’s portfolio of development activities in the Niger Delta and the strengthening of local institutions.
• Between 2001 and 2005, Dr. Akinola was the National Coordinator of the Sustainable Tree Crop Program (STCP), a multi-agency, public-private sector effort to facilitate the improvement of smallholder agricultural systems based on tree crops in West Africa with funding from the United States Agency for International Development (USAID) and the Chocolate Industry Worldwide.
• Between 1993 and 1998, Dr. Akinola was the Nigeria Country Director of TechnoServe, a US-based international development organisation that worked in 17 countries in Africa, Latin America, and Eastern Europe.
• He taught at the University of Ibadan in Nigeria from 1984 until 1989 and was on the training and research faculty of the Pan African Institute for Development (PAID) in Buea, Cameroon 1990.
• Dr. Akinola was an Edward S. Mason Fellow at the Harvard Kennedy School of Government and, subsequently, a Fellow at the Harvard Weatherhead Centre for International Affairs (WCFIA). His work focused on Innovation for Economic Development and Governance between 2009 and 2011.
• He is currently a member of the Harvard Kennedy School of Government Dean’s Council.
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