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Just IN : Renewed Hope Agenda, Tinubu Turning maritime industry becomes a key driver of economic growth and sustainable development, Says Oyetola

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The President Bola Ahmed Tinubu-led administration has put all necessary efforts, policies, and strategies in place to ensure that the nation’s maritime sectors becomes a key driver of economic growth and sustainable development.

This was in Lagos yesterday, by the Minister of Marine and Blue Economy, Adegboyega Oyetola.

Addressing stakeholders at the World Maritime Day 2024 in Lagos, Oyetola said that his ministry, “in alignment with the Renewed Hope Agenda of the administration of President Bola Ahmed Tinubu, is taking proactive measures to enhance the maritime sector by embracing emerging technologies and fostering innovation to drive economic growth.

Key among the initiatives taken by the ministry, Oyetola said, “Is digitalisation and automation of port operations to enhance safety, security, and efficiency as well as a performance optimisation to reduce costs and increase reliability, and the adoption of innovative practices to propel our industry towards sustainable development.”

Oyetola, who was represented by the Permanent Secretary in the ministry, Michael Oloruntola said the federal government is making significant strides in the nation’s maritime industry to boost the economy

The administration of President Bola Ahmed Tinubu, the minister added, is also “investing heavily in port modernisation to reduce inefficiencies, lower operational costs, and improve safety in our ports. This process is being financed through Public-Private Partnerships (PPP) arrangements.”

The theme of the event is: Navigating the Future, Safety First

The President Tinubu administration, Oyetola added, “Is investing in upgrading our facilities and building capacity to ensure Nigeria remains competitive in the global arena of seaborne trade.”

The Minister said further that, “the theme emphasises the International Maritime Organisation’s dedication to enhancing maritime safety, security, and environmental protection, while also encouraging innovation and technological advancement. This theme presents us with an opportunity to reflect on the strides Nigeria has made in developing its maritime sector, positioning it as a key driver of our national economic growth.

“As we embrace this moment, we must re-examine the safety and security challenges that confront our maritime sector, particularly in the context of new technologies and alternative fuels that aim to reduce greenhouse gas emissions (GHG) from ships. To safeguard both shipping safety and operational efficiency, we must invest in upgrading our facilities and building capacity to ensure Nigeria remains competitive in the global arena of seaborne trade.

The year 2024, Oyetola said, “Marks a significant milestone, which is the 50th anniversary of the adoption of the 1974 SOLAS Convention, a crucial International Maritime Organization (IMO) treaty regulating maritime safety. Since the IMO’s founding in 1948, safety has been at the forefront of its mission. Nigeria has consistently worked to align its regulatory framework with IMO standards and other international maritime regulations, reinforcing our commitment to upholding the highest standards of maritime safety.

“Ladies and gentlemen, in alignment with the Renewed Hope Agenda of the administration of President Bola Ahmed Tinubu, GCFR, the Federal Ministry of Marine & Blue Economy is taking proactive measures to enhance the maritime sector by embracing emerging technologies and fostering innovation to drive growth. Key among the initiatives of the Ministry are digitalization and automation of port operations to enhance safety, security, and efficiency as well as performance optimization to reduce costs and increase reliability, and the adoption of innovative practices to propel our industry towards sustainable development.

As you are aware, “the administration of President Bola Ahmed Tinubu, GCFR is investing heavily in port modernisation to reduce inefficiencies, lower operational costs, and improve safety in our ports. This process is being financed through Public-Private Partnerships (PPP) arrangements.

The federal government, Oyeyola said, has also made significant progress in creating a conducive environment for port operations by aligning its policies with global best practices.

This, he said, “has enhanced safety, security, and efficiency in our ports, leading to notable reductions in the delays associated with processing exports and imports. However, achieving the world-class standards we aspire to, will require continued support from the private sector, whose collaboration is essential in providing the resources and state-of-the-art facilities needed to take Nigeria’s maritime industry to a higher trajectory.

Oyetola to host deep seabed confab
“Distinguished ladies and gentlemen, achieving safety in our maritime environment is a goal well within reach, but it requires collective effort. With the diverse range of industry players and stakeholders present here today, I am confident that this edition of World Maritime Day will set the stage for a transformative future, one that drives Nigeria’s maritime sector towards unprecedented growth and prosperity,” the Minister said.

In his address, the Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho said the agency is entrusted with ensuring safety and sustainability.

“This dual focus—on safety and environmental stewardship—reflects the growing recognition of our responsibility to address the environmental challenges that impact the world today, especially those tied to greenhouse gas (GHG) emissions from ships Safety is not only about protecting lives and property but also about safeguarding our environment for future generations.

In navigating the future of maritime trade, the NPA chief said: “It is critical that we integrate safety considerations into how we manage port operations, reduce emissions, and implement sustainable practices. A secure, clean, and efficient port system is central to maintaining the safety and integrity of maritime operations, and at NPA, we are committed to this vision.

The maritime industry, the MD NPA added, “Accounts for roughly 3 percent of global GHG emissions, and as international trade continues to grow, this figure could rise if not addressed.

“For Nigeria, as a coastal and maritime nation, this presents both an environmental and economic risk. Climate change, driven by increased GHG emissions, poses serious threats, including rising sea levels and extreme weather events, which endanger our port infrastructure and surrounding communities. In our efforts to ensure the safety of the environment and maritime operations, we must tackle the issue of GHG emissions head-on. As part of our strategy, we aim to make our ports more environmentally friendly by implementing measures that will reduce carbon footprints across all port activities.”

To address these challenges, he said: “The Nigerian Ports Authority is proud to announce the development of a Port Emissions Inventory. This will be a comprehensive tool to measure and monitor emissions from all port-related activities, including vessels at berth, cargo-handling equipment, and port service vehicles. The emissions inventory will allow us to have a clear and precise understanding of the sources of GHG emissions at our ports.

“By quantifying these emissions, we will be able to develop targeted strategies for reducing them, track our progress, and ensure compliance with both national and international environmental standards. This inventory represents a proactive step in addressing the environmental impacts of port operations while enhancing transparency and accountability in our environmental management practices. In line with international maritime conventions, the Nigerian Ports Authority has taken steps to enhance existing “Port Reception Facilities,” he said.

In his address, the director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola said safety is crucial in the maritime industry.

He said: “There are many challenges in the maritime industry. These challenges also provide opportunities for tremendous success in the industry. Rapid technology advancement, environmental concerns, sustainability, and involving global trade are some issues affecting the industry.

“While we confront these challenges, we must accord safety an important priority. In this regard, we must, one, invest in cutting-edge safety technologies, two, emphasize training and capacity building for the maritime sector, three, strengthen our regulatory frameworks to meet international standards, and four, foster collaborations between the public and private sectors.”

NMASA, Mobereola said: “Is leading the way to creating a safer and more efficient and sustainable maritime future for Nigeria and beyond.

“As we commemorate this day, I want to take a moment to express my heartfelt gratitude to each one of you. Your efforts are not just crucial but a trigger to navigating and shaping the Nigerian maritime industry’s future. I extend my thanks to the IMO, safe harbours, maritime industry stakeholders, global maritime communities, ministries, departments, and agencies, our developmental partners, and policymakers who continue to work tirelessly to promote safety values in the industry.

“We need to strengthen collaboration and cooperation to address the increasingly complex regime due to emerging technologies. Your involvement is crucial in this progress. Furthermore, let us renew our dedication to safety, innovation, and responsible stewardship in our maritime environment.

“This commitment is not just a goal but a promise that we must uphold. Together, we can navigate towards a brighter, safer future for our maritime industry. I urge us all to reflect on how far we have come and renew our commitment to making the maritime sector efficient for operation and safer, secure, and more sustainable for future generations,” Mobereola said.

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APC Launches Reps Primaries, Embraces All-Inclusive Screening Approach — Morka

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Abbas, Kalu, Ihonvbere, Doguwa, Faleke, Obasa, Amaewhule, others in race for tickets
Primaries to pick candidates of the All Progressives Congress (APC) for next year’s elections begin tomorrow.

Aspirants for House of Representatives tickets will take the first shots across the 360 constituencies.

As of last night, the party’s national secretariat was busy coordinating reports from screening centres, while appeal committees also sat to consider different cases as they arose.

“The process is tough, and the schedule is tight,” a member of the party’s National Working Committee (NWC) told The Nation.

The party assured its members that, despite the logistical difficulties, the process would proceed as planned.

Leading lights of the party, which controls an overwhelming majority in the Green Chamber, such as Speaker Abbas Tajudeen, Deputy Speaker Benjamin Kalu, House Leader Prof. Julius Ihonvbere, spokesman Akin Rotimi, long-standing member Ado Doguwa, Finance Committee Chairman James Abiodun Faleke, former minister Nkeiruka Onyejeocha, Chijioke Edoga and Leke Abejide, who defected from the African Democratic Congress (ADC), are among those seeking tickets to return.

Among those seeking a return to the House are Bimbo Daramola (Ekiti), Kafilat Ogbara (Lagos), Oluwole Oke (Osun) and Donald Ojogo (Ondo).

There are also high-profile lawmakers from state Houses of Assembly bidding to move to the House of Representatives.

These include Speakers Mudashiru Obasa (Lagos) and Martins Amaewhule (Rivers).

National Publicity Secretary Felix Morka said the date fixed for the intra-party selection is sacrosanct.

The screening of the contenders has set the stage for what is largely expected to be direct primaries and, in some cases, consensus arrangements.

According to the APC guidelines, direct primaries should be adopted where consensus agreements fail.

Sources said the panel cleared all aspirants from Lagos, Ondo, Ekiti, Enugu and Rivers states.

However, a source said members of the Appeal Committee were at the Treasures Suites in Abuja handling last-minute petitions arising from the screening exercise.

According to the source, governors still hold the ace, having been saddled by the party with negotiating the “mode of primary” best suited for their respective states.

A senior party official confirmed that the committee refused to bow to external interference.

He said despite intense lobbying and “pressure from opponents,” the screening panels opted for an all-inclusive approach.

The source added: “No aspirant was disqualified. I was part of the team that handled Lagos, Ondo, Ekiti, Enugu and Rivers states, and I am sure that all the aspirants were cleared.

“There was pressure to disqualify some, but the screening committee stood its ground.”

The party’s National Working Committee (NWC) reviewed the report of the screening committee on Tuesday and yesterday.

While the official results have not been formally gazetted, sources at the party’s headquarters confirmed that the reports have been ratified.

Already, the NWC has dispatched primary election committees to the states to liaise with governors for rancour-free shadow elections that will produce acceptable candidates.

A member of the NWC reiterated the party’s resolve to adhere to the revised schedule of activities and timetable.

He said: “We have done everything possible for the primaries to be held as scheduled.”

Emphasising that the timetable would not change, Morka said the clarification became necessary following misleading reports.

He said the primaries will be held as follows: senatorial, May 18; House of Assembly, May 20; governorship, May 21; and presidential, May 23.

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Breaking : Energy Commission DG Nabbed by EFCC Over Alleged N500bn Scam

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Operatives of the Economic and Financial Crimes Commission have arrested the Director-General of the Energy Commission of Nigeria, Dr. Mustapha Abdullahi, over alleged money laundering offences.

A source within the anti-graft agency, who spoke on condition of anonymity because he was not authorised to comment officially on the matter, disclosed on Wednesday that Abdullahi was arrested in Abuja and is currently being held in the custody of the commission.

According to the source, the investigation involves alleged fraud amounting to about N500 billion.

“We have arrested the Director-General of the Energy Commission of Nigeria, Dr. Mustapha Abdullahi, over alleged money laundering offences. He was arrested in Abuja and is currently in our custody. The amount involved is estimated at N500 billion,” the source said.

The commission is yet to issue an official statement regarding the arrest as investigations continue.

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Foreign Investors Drag Senator Fasuyi to EFCC Over Alleged $2.98 Million Fraud

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Senator Cyril Fasuyi, representing Ekiti North Senatorial District, has been dragged before the Economic and Financial Crimes Commission (EFCC) over an alleged fraud involving the sum of $2,980,535.00.

The petition, submitted by Mr. Nuel Wilson, West Africa Regional Representative of Integrated Packaging Systems FZCO (IPS Ingredis) and its Nigerian subsidiary, IPS Ingredis Integrated Systems Limited, accused Senator Fasuyi and his wife, Mrs. Elizabeth Adun Fasuyi, of conspiracy, fraudulent conversion, obtaining by false pretence, stealing, and diversion of foreign investment funds.

According to the petition, which was acknowledged by the EFCC on December 10, 2020, the Dubai-based company alleged that the senator and his wife, operating under the name Legacy Foods Limited, failed to remit payment for products supplied to them after several business transactions.

The petition stated that IPS Ingredis, a company registered in Dubai, United Arab Emirates, conducts the business of sales, supply, and distribution of raw materials across different countries, including Nigeria, through its local subsidiary based in Lagos State.

The complainant explained that the business relationship between both parties began in November 2015 after the suspects were introduced to the company by one of its Chinese customers. Following several meetings, the Fasuyis allegedly represented themselves as credible business partners interested in the company’s line of products.

Based on the agreement, the company reportedly supplied various raw materials, including corn starch, maltodextrin, shortening, maltose syrup, and other products to Legacy Foods Limited through multiple purchase orders.

The petition further alleged that goods worth over $9 million were supplied to the suspects during the course of the business relationship. However, the company claimed that after selling the products, the suspects allegedly refused to pay the outstanding sum of $2,980,535.00.

“Our clients supplied goods worth over $9,000,000.00 to the suspects. The suspects, after selling all the goods, refused to pay the sum of Two Million, Nine Hundred and Eighty Thousand, Five Hundred and Thirty Five United States Dollars worth of products already supplied,” part of the petition read.

The foreign investors also accused the suspects of allegedly diverting proceeds from the sales for personal use and benefits, despite repeated demands for payment.

According to the petition, investigations allegedly revealed that the products supplied had been sold and disposed of, while proceeds were allegedly converted for personal gains.

The complainant described the development as “a calculated attempt to dispossess foreign investors of their investment in Nigeria through fraudulent means.”

The petition also emphasized the need for Nigerian authorities to protect foreign investments and uphold the spirit of bilateral investment agreements between Nigeria and the United Arab Emirates.

Meanwhile, the petition named Mrs. Elizabeth Adun Fasuyi as a co-suspect in the matter. She was reportedly present in court alongside her husband at a point during proceedings but allegedly avoided arrest by operatives of the anti-graft agency.

Senator Cyril Fasuyi, representing Ekiti North Senatorial District, has been dragged before the Economic and Financial Crimes Commission (EFCC) over an alleged fraud involving the sum of $2,980,535.00.

The petition, submitted by Mr. Nuel Wilson, West Africa Regional Representative of Integrated Packaging Systems FZCO (IPS Ingredis) and its Nigerian subsidiary, IPS Ingredis Integrated Systems Limited, accused Senator Fasuyi and his wife, Mrs. Elizabeth Adun Fasuyi, of conspiracy, fraudulent conversion, obtaining by false pretence, stealing, and diversion of foreign investment funds.

According to the petition, which was acknowledged by the EFCC on December 10, 2020, the Dubai-based company alleged that the senator and his wife, operating under the name Legacy Foods Limited, failed to remit payment for products supplied to them after several business transactions.

The petition stated that IPS Ingredis, a company registered in Dubai, United Arab Emirates, conducts the business of sales, supply, and distribution of raw materials across different countries, including Nigeria, through its local subsidiary based in Lagos State.

The complainant explained that the business relationship between both parties began in November 2015 after the suspects were introduced to the company by one of its Chinese customers. Following several meetings, the Fasuyis allegedly represented themselves as credible business partners interested in the company’s line of products.

Based on the agreement, the company reportedly supplied various raw materials, including corn starch, maltodextrin, shortening, maltose syrup, and other products to Legacy Foods Limited through multiple purchase orders.

The petition further alleged that goods worth over $9 million were supplied to the suspects during the course of the business relationship. However, the company claimed that after selling the products, the suspects allegedly refused to pay the outstanding sum of $2,980,535.00.

“Our clients supplied goods worth over $9,000,000.00 to the suspects. The suspects, after selling all the goods, refused to pay the sum of Two Million, Nine Hundred and Eighty Thousand, Five Hundred and Thirty Five United States Dollars worth of products already supplied,” part of the petition read.

The foreign investors also accused the suspects of allegedly diverting proceeds from the sales for personal use and benefits, despite repeated demands for payment.

According to the petition, investigations allegedly revealed that the products supplied had been sold and disposed of, while proceeds were allegedly converted for personal gains.

The complainant described the development as “a calculated attempt to dispossess foreign investors of their investment in Nigeria through fraudulent means.”

The petition also emphasized the need for Nigerian authorities to protect foreign investments and uphold the spirit of bilateral investment agreements between Nigeria and the United Arab Emirates.

Meanwhile, the petition named Mrs. Elizabeth Adun Fasuyi as a co-suspect in the matter. She was reportedly present in court alongside her husband at a point during proceedings but allegedly avoided arrest by operatives of the anti-graft agency.

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