The Nigeria Export Import Bank (NEXIM) says the introduction of the 60 million dollar Regional Sealink Project, would unlock opportunities in the maritime sector, through indigenous participation.
The Managing Director of NEXIM, Mr Roberts Orya, made this known in an interview with newsmen, recently.
The Sealink project is an initiative modelled in support of ECOWAS Treaty and is designed to facilitate intra-regional trade, expand formal trade as well as deepen the payment system within the region, among others.
It is in conjunction with the Federation of West African Chambers of Commerce and Industry (FEWACCI) and is expected to commence within the next three years.
He said that NEXIM Bank in collaboration with Transimex S.A. Cameroun, would be hosting a Sealink Investment Forum in Ghana beginning today to facilitate its establishment.
According to him, participants in the forum will include representatives of various governments of member-countries, ECOWAS Commission and other nationals.
Others, he said, include select financial institutions, investment companies, high net worth individuals and key maritime/logistics stakeholders.
“The proposed establishment of the regional sealink project has some inherent national benefits such as minimising increases in freight rate payment annually in country.
“It will also stimulate maritime-related employment as well as capital flight of an average of five billion dollars annually from import and export,” he said.
Orya said that the project would facilitate the realisation of the various Maritime-related laws such as the Cabotage and NIMASA Acts and the implementation of the National Shipping Policy.
He said that it would also attract private sector funding for the development of key maritime infrastructure with the national benefit of improving the level of intra-regional formal trade.
This, he said, would enhance the contribution of trade and exports to the Gross Domestic Product (GDP) as well as enhance government’s revenue collections.
“It will provide immediate impact to the amelioration of basic road/rail infrastructure deficit challenges that affect regional integration.
“It will also provide a major cause for the muted growth of the intra-African and ECOWAS trade levels of about 10 to 12 per cent,’’ he said.
He also said that the project would enable NEXIM and other export-financing institutions to achieve projected credit growth to improve intra-regional trade level of 12 per cent to a minimum of 15 to 20 per cent annually.
NSC Boss Warns Maritime Agencies Against Unhealthy Rivalries
The Executive Secretary/ Chief Executive Officer of the Nigerian Shippers’ Council (NSC), Barrister Hassan Bello, has warned agencies in the maritime sector to avoid superiority rivalry, saying it has done the industry more harm than good.
He also advised heads of maritime agencies to avoid cosmetic cooperation and come together for the development of the industry.
Bello gave this warning at a sent-forth ceremony organised in his honour, last Friday.
Bello bowed out of service last Friday after eight years of service.
He was appointed by the Goodluck Jonathan administration in 2013. Before his appointment, he was the Director, Legal Services of the NSC.
Bello noted that some agencies spent so much in defending their territories while neglecting their statutory mandates.
According to him, “There is lack of synergy among the agencies and I don’t think it is succeeding because it has been the basis of equality. There is no agency that is better than the other.
“Agencies are not graded by their budgets but what they contribute, but it is very unfortunate some agencies think that maritime starts and stops with them. No, it cannot work.
“Some agencies are trying to defend territories and in doing so, they go to a large extent and that is not good. They spend a lot of money to defend these territories while they neglect what they are established to do and that’s why we are not developing and that’s what Nigerian Shippers’ Council will never take from anybody not now, tomorrow or forever. We are all equal, we all have contributions to make.
“We can’t be having cosmetic cooperation, we have to have real cooperation”.
Bello said that the Federal Ministry of Transportation had undergone a lot of transformations, saying the era of state capture was over.
He lauded the Minister, Permanent Secretary and Directors of the Ministry for giving the Council the opportunity to achieve a lot through their supports.
By: Nkpemenyie Mcdominic, Lagos
Okowa Seeks Permanent Site For Maritime Varsity
The Delta State governor, Dr. Ifeanyi Okowa, has called on the Federal Government to develop the permanent site of the Nigeria Maritime University (NMU), Okerenkoko.
Okowa made the call while playing host to the Governing Council of the university during a courtesy visit at the Government House, Asaba.
He said the establishment of a permanent campus would go a long way in putting the university on a sound footing, and ultimately enable it to deliver on its core mandate of imparting sound maritime-related education on students.
The governor said he was happy that the institution took off academic activities at the temporary site but urged the Federal Government to make resources available for the construction of buildings and provision of amenities that would enhance academic activities.
He noted that the birth of the special educational institution for the training of manpower in the maritime sector had strengthened peace and the economy of riverine communities.
Okowa advocated the need for more projects to be sited in riverine areas because of the inputs of riverine areas to the economy of the nation.
“We thank God that the Maritime University has started even when we have challenges because we do know that the take-off of the university brought good news to our people and helped us to build peace, particularly in our riverine areas”, he said.
Earlier, Pro-Chancellor and Chairman of Governing Council of the university, Dr Elias Courson, commended Governor Okowa for his inspiring and magnanimous support towards the take-off and continued development of the university.
He also thanked the governor for establishing three additional universities in the state, which would provide additional access to quality education not only to Deltans but to Nigerians.
Dr Courson, however, appealed to Okowa to assist the university in completing the renovation/ remodelling of the classroom blocks, construction of additional staff quarters and provision of a potable water scheme in the campus.
By: Chinedu Wosu
2022 Nations Cup: S’Eagles To Travel To Cameroon By Boat
The Lagos State Ferry Services (LAGFERRY) says it will convey the Super Eagles of Nigeria by boat to Cameroon for next year’s Nations Cup.
Managing Director, LAGFERRY, Abdullah Balogun, stated this in a statement.
“We plan to take Nigeria’s Super Eagles to Cameroon for next year’s Nations Cup after achieving that of Benin Republic — this is a goal we have set for ourselves”, Balogun said.
LAGFERRY said they considered the boat trip following the success recorded in the Benin experience.
He said, “It was a major milestone for us to transport Nigeria’s national team to the Benin Republic through the waterways.
“Coming on board LAGFERRY through the international route to the Benin Republic is a mind-blowing experience. We were excited to be part of it”.
The LAGFERRY boss said the success recorded in the Benin game, where the Eagles won 1-0 away, was as a result of the trouble-free trip.
“It reflected on the field of play and it showed on their (players) performances because they came out victorious in the game,” he said.
Balogun said the players, during next year’s boat trip, would enjoy free Wi-Fi, USB pots and a lot of entertainment and side attractions enabled by technology.
- Entertainment4 days ago
Alibaba, Banky W, Others Attend Wizkid’s Debut Album’s 10th Anniversary
- Politics4 days ago
Ayade And The APC Albatross
- News3 days ago
Amnesty Kicks As FG Pushes Social Media Regulation
- Business4 days ago
Travellers To Access $4,000 As CBN Boosts Forex Supplies
- Niger Delta3 days ago
Abducted NLC Chairman Regains Freedom In C’River
- Politics4 days ago
PDP’ II Bring Desired Change In 2023 – Diri
- Women4 days ago
60 -Year – Old Man Commits Suicide After Assaulting Daughter
- Women4 days ago
Women Now Drink As Much As Men