Maritime

‘Lack Of Funding, Bane Of Maritime Dev’

Published

17 years ago

April 2, 2010

It has been observed that failure of the federal government to establish funding sources for Maritime industry has hampered indigenous participation in the local content regime of the cabotage act.

The Managing Director/Chief Executive Officer of J.D International Shipping Agency, Chief Joe Ubaka made the observation on Wednesday during an interview with The Tide at the Port Harcourt Port Complex.

According to him, there is the Bank of Industry (BOI) created specifically to fund the industrial sector and the Nigerian Agricultural Co-operative and Rural Development Bank also created to fund the agricultural sector, but wondered why maritime sector is left out of the scheme.

He noted that there is a public outcry in the sector that foreigners have taken over the maritime operations in Nigeria. This, he said, is largely because of the huge amount of money involved in the business. “Indigenous operators are poor and can not have access to funds, the banks are not giving loans any more, even when they were lending, the 25 percent interest rate charged by banks is quite on the high side and does not encourage local-content participation, it rather paves way for foreigners to monopolise the sector to their own advantage”, he lamented.

Chief Ubaka urged the federal government to create avenue for Nigeria ship owners and indigenous maritime operators to have access to loans, saying that no amount of policy framework can be effectively implemented without access to fund. He pointing out that the local content policy of the cabotage Act can not be fully effective because most of the indigenous operators can not meet the required international standard due to lack of funds, a situation, he said that requires urgent attention by the government.

He maintained that the maritime industry remains one of the highest employers of labour and if an enabling environment is created for the sector to boom more jobs would be created for the unemployed youths.

Maritime

Customs Boss Bags FiBO Award, Reaffirms Support For Media Growth

Published

4 days ago

November 2, 2026

The Tide

The Nigeria Customs Service (NCS) has reaffirmed its commitment to supporting media growth and development as a critical tool for effective dissemination of government policies, especially as Nigeria pursues its $1 trillion economy target by 2030.

The Comptroller-General of Customs, Bashir Adewale Adeniyi, MFR, PhD, stated this at the 2026 Annual Conference of the Finance and Business Online Publishers Association (FiBOP) held at Lekki, Lagos.

Adeniyi, who was represented by the Deputy Superintendent of Customs, Lagos Free Trade Zone Command, Abdulgany Oloro Usman, said the media has a vital role in ensuring government policies are well communicated to the public.

Also speaking at the event, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, who was represented by his Special Assistant on Revenue, Dr. Olufemi Olarinde, urged media practitioners to shun sensationalism and partner with government in communicating accurate economic data.

According to Oyedele, public trust is strengthened when citizens clearly understand government actions, the rationale behind them and the metrics for measuring progress.

“Enough of sensational news. Government must provide timely information, welcome constructive scrutiny, and explain its decisions transparently,” the Minister said.

Highpoint of the event was the conferment of the *”Transformative Reforms and Leadership Excellence” Award* on the Customs Comptroller-General, Bashir Adeniyi, by FiBOP.

The award recognises Adeniyi’s exceptional stewardship which has catalysed a paradigm shift in Nigeria’s trade and border management landscape, particularly in trade facilitation, institutional transparency, technological innovation and modernisation of the Service.

The Association noted that since assuming office, Adeniyi has transformed the Service from a traditional revenue collector into a modern, globally compliant trade facilitator through dismantling of bureaucratic bottlenecks, streamlining of cargo clearance procedures, and championing the Authorised Economic Operator (AEO) scheme and the Time Release Study (TRS).

It further cited his deployment of non-intrusive inspection technologies, enhanced inter-agency intelligence sharing, intensified anti-smuggling operations and the rollout of the Unified Customs Management System as key achievements that have reduced port congestion, lowered cost of doing business and boosted revenue generation

By: Nkpemenyie Mcdominic, Lagos

Maritime

NPERA Tasks Ibom Maritime Stakeholders On Sector Development

Published

4 days ago

November 2, 2026

The Tide

The Director-General/Chief Executive Officer of the Nigerian Ports Economic Regulatory Agency (NPERA), Dr Pius Akutah, has announced plans to introduce an Award of Honesty for three cadets of the Maritime Academy of Nigeria (MAN), Oron, annually, beginning from 2027.

Akutah said the initiative was aimed at promoting integrity, ethical conduct and professionalism among future maritime practitioners.

He made the announcement while delivering his goodwill message at the Academy’s 2026 Cadets’ Graduation Ceremony, last week where he congratulated the graduating cadets on successfully completing their academic training.

The NPERA boss described graduation as the beginning of a new phase of professional development, offering opportunities for career advancement, practical experience and meaningful contributions to Nigeria’s maritime industry.

He encouraged the graduates to approach their careers with dedication, discipline and a commitment to continuous learning as they transition from academic training into professional practice.

He stressed that professional competence must be complemented by integrity and responsible conduct to build a credible maritime industry and sustain public confidence in the sector.

According to him, the proposed Award of Honesty would promote a culture of integrity among young maritime professionals and reinforce the ethical values required for responsible leadership and professional excellence.

Meanwhile, the Minister of Marine and Blue Economy, Adegboyega Oyetola, has reaffirmed the Federal Government’s commitment to strengthening maritime education, professional certification and sea-time training.

Oyetola, who was represented by the Permanent Secretary, Mrs Fatima Sugra Mahmood, at the ceremony, also called for stronger collaboration between maritime training institutions and industry operators to prepare graduates for the demands of the maritime industry.

He emphasised the importance of equipping maritime graduates with the requisite professional qualifications, practical experience and industry-relevant skills to enhance their employability and effective participation in the sector.

The Minister also highlighted the need for closer collaboration between maritime training institutions and industry operators to bridge the gap between academic training and professional practice, thereby strengthening the capacity of Nigeria’s maritime workforce.

The ceremony also featured the formal launch of the Academy’s Enterprise Content Management System (ECMS), an initiative designed to improve administrative efficiency, transparency and accountability in the institution’s operations.

The Academy graduated 314 cadets from its National Diploma (ND) and Higher National Diploma (HND) programmes.

By: Nkpemenyie Mcdominic, Lagos

Maritime

Maritime Journalists To Host Unity Conference November

Published

4 days ago

November 2, 2026

The Tide

The Network of Nigeria Maritime Journalists (NNMJ), the umbrella body of all maritime Journalists is set to host its Unity Conference later this month in Ikeja, Lagos.

The conference would bring together key policymakers, maritime regulators, industry leaders and other stakeholders to examine the future of Nigeria’s maritime sector.

In a statement jointly signed by Chairman and Public Relations Officer of NNMJ, Elder Dele Aderibigbe and Jerry Aguigbo respectively, the conference, scheduled to commence at 11:00 a.m., will focus on the performance, policy direction and operational efficiency of the maritime industry under President Bola Tinubu’s administration, with particular emphasis on port modernisation, trade facilitation and revenue generation.

Former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Barrister Temisan Omatseye, will chair the conference, while the Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola, will attend as the Special Guest of Honour.

Renowned maritime lawyer, Barrister Emeka Akabogu, SAN, will deliver the keynote address at the event, which is themed “Seaport Modernisation, Trade Facilitation and Revenue.”

The conference is expected to provide a platform for constructive engagement among government officials, maritime professionals and private-sector operators on practical strategies for strengthening Nigeria’s maritime industry and maximising its contribution to national economic growth.

Key areas of discussion will include the modernisation of seaports and the renewal of critical infrastructure, improved trade facilitation, enhanced ease of doing business, revenue growth and measures to curb financial leakages.

Participants will also examine opportunities for expanding the marine and blue economy, creating employment, strengthening maritime safety and security, and improving the overall competitiveness of Nigeria’s maritime sector.

The gathering is expected to attract heads of government agencies, managing directors of shipping companies, terminal operators, freight forwarders and other prominent stakeholders across the maritime value chain.

Through the Unity Conference, NNMJ seeks to encourage informed dialogue, strengthen collaboration between public and private-sector stakeholders, and promote policy initiatives that will enhance port efficiency, facilitate legitimate trade, improve revenue performance and unlock the economic potential of Nigeria’s maritime sector.

The conference is also expected to reinforce the role of the maritime media in promoting accountability, providing informed industry analysis and advancing constructive engagement on policies and reforms affecting the nation’s marine and blue economy.

By; Nkpemenyie Mcdominic, Lagos