Business

Rector Seeks Private Sector Participation In Maritime Security

Published

14 years ago

August 15, 2012

The Federal Government has been urged to enact law allowing
private sector participation in maritime security to ensure safety of the
country’s waterways.

The rector of Certified Institute of Shipping of Nigeria,
Dr. (Rev.) Okwuashi Favour Alex made the call recently at a seminar organised
by the Maritime Reporter’s Congress of Nigeria (MARCON).

Delivering a paper titled, “Private Sector Participation in
Maritime Security”, Dr. Okwuashi said the issue is multidimensional and
requires inter-agency collaboration.

According to him, “due to global nature of maritime, the
role of private initiative cannot be over-emphasised.

“The Nigeria territorial waters is faced with dangers of
piracy, robbery, hijack/kidnap, assault, bomb attacks and oil theft”.

The rector, who saw there has been greater private security
in every facet of human endeavour, believed that it would work in the maritime
sector.

He further explained that the 1959 Ordinance gave the
Nigerian Navy statutory role of maritime security and Naval defence of Nigeria
within its territorial waters, adding that the Navy act of 1964 talks about
coastal defence and anti smuggling patrol.

Okwuashi, noted that Armed Forces Decree 105 of 1993
assigned Nigerian Navy with the responsibility of defence of Nigeria by sea,
enforcing all national and International maritime laws ascribed or acceded by
Nigeria and promoting coordinating and enforcing on territorial waters.

The Maritime stakeholder stated that Maritime Security
Operation (MSO) are actions of modern Naval forces to combat sea based terrorism
and other illegal anti-maritime activities such as hijack, piracy, human
trafficking, poaching, espionage, illegal bunkering and dumping of toxic waste.

Okwuashi in his submission, suggested a way out to secure
the nation’s waterway through inter-agency collaboration and NIMASA/PICOMSS
merger. He called on the federal government to enact laws that will accommodate
private guards the implementation of International Maritime Organisation (IMO)
convention, funding of Navy to provide coastal surveillance and patrol, and
education of port operators on security measures as well as creation of
adequate maritime domain awareness.

Earlier, the chairman of the occasion, Dr. Boniface
Ariebnam, blamed high unemployment rate, deprivation, corruption, poverty greed
and small arms proliferation for maritime insecurity.

The founder of Nagaff who was ably represented by the
association’s legal adviser, Barrister Fred Akokwa, stated that Nimasa and the
Navy were set up to confront the challenges of the maritime sector but are
hampered by issues like inadequate funding, lack of hardwaxe and equipments.

Others according him, are lack of manpower, maintenance,
training and re-training, indiscipline, corrupt political class and topography
or difficult terrain especially in the Niger Delta.

According to him, maritime security is capital intensive,
“Because of limited resources at the disposal of the government and the
ever-increasing responsibilities of the government, the need for private
participation is very appropriate at this time”, he added.

Business

Boat Mishap Kills Pastor, Wife And Church Members In Brass Water

Published

3 hours ago

May 18, 2026

The Tide

A boat accident in Bayelsa state has killed a serving Pastor, Wife and other church members along Brass waterways

The sad incident happened at Odioama in Brass local government area of Bayelsa State when the Pastor, wife and members of his church were in a programme.

?Tide confirmed that the lifeless body of the Pastor’s wife has been found and deposited in a mortuary while the remains of her husband ,the Pastor is yet to be recovered

as search party are still ongoing.

Although the real cause of the boat Mishap is not yet known as at the time of this report, our Correspondent gathered that the identities of the Pastor, wife and church members were not disclosed to the public.

The mishap, Tide gathered occurred on Friday morning when the church members were on a boat transit

The Bayelsa State government and the state police command are yet to issue official statement’s on the sad accident

By: CHINEDU WOSU

Business

Rivers Workers Seek Scrapping Of Contributory Pension Scheme

Published

3 hours ago

May 18, 2026

The Tide

The Rivers State Council of Nigeria Civil Service Union has called on the State Government to urgently scrap the contributory pension scheme, describing it as unfavourable to long-serving civil servants in the state.

Chairman of the union, Chukwuka Osuma, said this in an interview with newsmen in Port Harcourt, recently.

Osuma said the current pension structure has continued to worsen post-retirement hardship for workers.

He noted that the contributory pension scheme had failed to provide adequate retirement security for workers who had spent many years in service, especially those approaching retirement age.

According to him, civil servants who had served for more than 20 years were among the worst affected under the scheme, insisting that many retirees could no longer cope with prevailing economic realities.

He also informed that the Union has made moves to showcase their concerns, pleading with Governor Siminalayi Fubara to abolish the pension policy and introduce a more favourable arrangement for affected workers.

“The union was not opposed to pension reforms, the contributory scheme should only apply to newly employed workers or those with fewer years in service”, he said.

Osuma explained that workers who had already spent decades in the civil service ought to remain under a more secure pension structure capable of guaranteeing stability after retirement.

The labour leader further noted that inflation and the rising cost of living had continued to erode the value of retirement savings, thereby increasing the suffering of pensioners across the country.

He also appealed to the state government to consider extending the years of service in the civil service from 35 to 40 years and the retirement age from 60 to 65 years.

Osuma argued that such adjustment had become necessary in view of present-day economic realities and changing conditions in the workplace.

The unionist also reviewed that similar policies had already been adopted in some sectors and jurisdictions, expressing optimism that the State could also implement the reforms for the benefit of workers.

He however, commended Governor Fubara for approving an N85,000 minimum wage for workers in the state, noting that the amount was above the national benchmark of N70,000.

Osuma also acknowledged the government’s efforts in the area of workers’ promotions and bonuses, but insisted that pension reforms and extension of years of service remained critical to the long-term welfare and stability of civil servants in Rivers State.

By: King Onunwor

Business

FG Begins South-West Tour To Promote New Cooperative Bank

Published

5 days ago

May 13, 2026

The Tide

The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.

Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.

According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.

Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.

“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.

The minister noted the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.

According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.

Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.

He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.

“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.

He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.

“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.

Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.

“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.

“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.

Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.

She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.

Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).

“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.

“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.