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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
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.
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“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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FEC Backs $2.99bn Rail Projects, Sets Stage for Power Sector Shake-Up
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… Lagos Green Line, Kano, Kaduna rail schemes to boost connectivity
… Tinubu to chair power sector task force as reforms gather pace
The Federal Executive Council (FEC) on Thursday approved a $2.99 billion package of rail infrastructure projects and the establishment of a Presidential Task Force on Power Sector Reform, in a move signalling a renewed push by the administration of President Bola Ahmed Tinubu to deepen infrastructure development and unlock economic growth.
Briefing State House correspondents after the Council meeting, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the rail projects span key urban corridors and are designed to enhance mobility, reduce congestion, and stimulate regional commerce.
He listed the projects as the Lagos Green Line Rail, the Kano State Metro Rail, and the Kaduna State Rail project, noting that they have already been captured in the extended 2025 budget.
“The Federal Executive Council approved three transformative rail projects – Lagos Green Line, Kano State Metro Rail, and Kaduna State Rail project. These projects are to be sponsored by the Ministry of Finance Incorporated,” Oyedele said.
He explained that the approvals align with the administration’s broader infrastructure strategy, which prioritises rail transport as a cost-effective and sustainable alternative to road networks.
The Lagos Green Line is expected to complement existing mass transit systems in the commercial hub, while the Kano and Kaduna rail schemes are projected to boost passenger and freight movement across northern Nigeria, improving trade and economic activity.
In a related development, the Minister of Information and National Orientation, Mohammed Idris, announced the creation of a Presidential Task Force on Power Sector Reform, alongside key appointments aimed at strengthening governance in the electricity industry.
Idris said the Council approved the appointment of former Minister of Power, Lanre Babalola, as Special Adviser on Power to the President, to enhance coordination and policy oversight.
He disclosed that the President would chair the task force, with Babalola playing a central role in driving its activities.
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“The task force is part of renewed efforts by the administration to reposition the power sector as a critical driver of industrialisation and economic growth,” Idris said.
According to him, the decision followed the submission of a report by a presidential committee set up on March 4 to review the commercial and institutional framework for the proposed Grid Asset Management Company (GAMCO).
He noted that the task force brings together key stakeholders, including the Ministers of Finance, Power, Industry, Trade and Investment, Information, and the Attorney-General of the Federation, alongside regulators and representatives of electricity generation and distribution companies.
Idris said the body would focus on implementing far-reaching reforms to address structural bottlenecks in the sector, stressing that stable electricity supply remains central to Nigeria’s economic transformation.
He added that the government is committed to a comprehensive overhaul of the power sector to unlock industrial productivity and improve living standards.
The minister further disclosed that the FEC meeting was preceded by the swearing-in of a National Commissioner of the Independent National Electoral Commission (INEC) and four Permanent Secretaries.
He said President Tinubu administered the oath of office on retired Rear Admiral K. M. Marafa as INEC National Commissioner following her confirmation by the National Assembly.
Idris added that the Council deliberated on a 32-point agenda, reflecting what he described as the administration’s broad reform focus across critical sectors of the economy.
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Tinubu Fires Back at Critics: Exploiting Insecurity Won’t Stop My Second Term
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…directs action against sponsors of violence, backs Plateau peace committee
President Bola Ahmed Tinubu on Tuesday night declared that attempts by his political opponents to exploit insecurity to force him out of office would fail, insisting that he would not only remain in office but also seek a second term.
Speaking at the State House, Abuja, while receiving stakeholders from Plateau State, led by Governor Caleb Mutfwang, the President described himself as resolute in the face of political pressure.
“You are playing to the hand of agents, including my own enemies, who want to use insecurity to get rid of me. But I’m a very stubborn politician. I just refuse to go. And I will campaign for my second term,” Tinubu said.
The President warned that the Federal Government would move decisively against individuals found to be instigating or financing violence across the country, stressing that credible intelligence would be acted upon without delay.
“If you identify and you know the name of troublemakers, agents provocateur, who want to continue killing or instigate killing, let us know. We will use the instrument of office to deal with them,” he said.
Tinubu emphasised that security agencies stand ready to confront such threats once actionable information is provided, noting that the recurring cycle of violence must end.
In a move to strengthen peace efforts in Plateau State, the President also endorsed a newly constituted peace committee comprising former governors of the state, charging them to work collectively toward lasting solutions.
He directed the committee to review existing white papers on past conflicts and harmonise recommendations for implementation.
“Call one another. Ignore the Governor’s Committee if you have to, or incorporate them. Take that white paper, go through it among yourselves and agree to implement it.
“If the ones you have chosen before now are not working, you have to mix and amend membership. Forget those committees you mentioned to me, if it’s not working, it’s not working. Consider this group as the committee until we find a lasting solution,” the President said.
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Reps Give Nod to Tinubu’s $516.33m Loan Request for Sokoto-Badagry Highway
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The House of Representatives on Tuesday approved President Bola Tinubu’s request to secure a $516.33m loan from Deutsche Bank to finance Section I of the ambitious Sokoto-Badagry Superhighway project, a key infrastructure initiative under the administration’s Renewed Hope Agenda.
The approval followed the consideration of the President’s request by the Committee of Supply during plenary presided over by Speaker Tajudeen Abbas.
In a letter read on the floor of the Green Chamber, Tinubu described the Sokoto-Badagry Superhighway as a transformative national project aimed at connecting Nigeria’s far northwest to its southwestern coastline through an approximately 1,000-kilometre dual carriageway stretching from Illela in Sokoto State to Badagry in Lagos State.
The corridor is expected to pass through Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, opening up major agricultural, commercial and industrial hubs across the country.
According to the President, the project was designed to stimulate economic growth by significantly improving the movement of goods and people across Nigeria’s northern and southern regions.
He said the highway will “improve north-south connectivity, safety and network performance on the corridor; reduce logistics costs and travel times by providing a continuous high-capacity expressway standard link to downstream markets and strengthen trade facilitation, food security and national cohesion through improved access between production zones, markets and ports.”
Tinubu further noted that the road project would “safeguard long-term intermodal flexibility by reserving the central median for future rail integration and accommodating utility corridors.”
The President explained that the funding arrangement involves a $516.33m facility from Deutsche Bank, backed by partial guarantee cover from the insurance arm of the Islamic Development Bank, while the Federal Government will provide counterpart funding of N265.54bn.
The counterpart contribution, he said, would cover land acquisition, compensation payments, and complementary infrastructure requirements.
Tinubu urged lawmakers to expedite legislative approval of the borrowing request in view of the strategic importance of the project to national development.
The Sokoto-Badagry Superhighway was conceived as one of Nigeria’s most expansive road infrastructure projects, intended to serve as an economic backbone linking the resource-rich northern corridor with major export gateways in the south.
Beyond easing transportation challenges, the superhighway is expected to boost agricultural supply chains, enhance regional trade, improve access to seaports, and attract investments in manufacturing, logistics and real estate along its route.
The project also aligns with broader government plans to modernise transport infrastructure and strengthen Nigeria’s competitiveness under the African Continental Free Trade Area framework.
Presenting the report of the House Committee on Aids, Loans and Debt Management, Abdullahi El-Rasheed, who represented the committee chairman, Abubakar Nalaraba, urged lawmakers to support the loan request, citing the project’s strategic economic value.
He said the highway would serve as a critical driver of development and improve long-term economic productivity.
Following deliberations, the House approved the borrowing request at plenary, paving the way for the commencement of the project’s first section.
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