Connect with us

Business

Lawyer Wants Buhari To Curb Diversion Of Nigerian Cargoes

Published

on

70 unit Nissan buses donated for tricycle operators in Akwa Ibom State, recently.

70 unit Nissan buses donated for tricycle operators in Akwa Ibom State, recently.

Maritime activities closed last Friday with a Maritime Lawyer, Dr Olisa Agbakoba (SAN), urging the Federal Government to device a strong port administration, to reduce cargo diversion to neighbouring ports.
Agbakoba, Principal Partner, Olisa Agbakoba Legal (OAL), made the plea in an interview with newsmen in Lagos.
He expressed concern about a situation where a large number of goods coming into the country were smuggled in.
“Eighty per cent of cars coming into Nigeria come through Cotonou and they are brought here; but if they are brought directly, these would create jobs.
“Benin Republic has a well-developed Ports and Harbour regime that gives the nation 30 to 40 per cent of its national incomes.
“Yet all the ocean-going vessels that call at Benin Republic are then trans-shipped into Nigeria.
“If people know that they can ship their things easily, the port business will grow. We are giving our maritime business to 17 other countries in West Central Africa,” he told The Tide source.
Agbakoba, a former President of the Nigerian Bar Association (NBA), expressed concern about the incursion of indigenous coastal trade (Cabotage) by foreign ships, saying that this would hinder job opportunities for Nigerians.
“In Cabotage, I started shouting that foreign vessels in our waters were going to 10,000 and Nigerians do not have anything, how do we get jobs?
“If the maritime sector is properly harnessed, it is a very strong source of alternative revenue. The maritime lawyer also noted that the nation was losing huge amounts of money due to lack of a law like the Ports and Harbour Bill, in managing the ports.
“The Ports and Harbour Bill has not been passed and without the bill, how can you talk about ocean and sea-going vessels or ports.
“The money we are losing from the absence of a law to manage our ports is incredible,” he said.
In the week under review, Mrs Jean Chiazor-Anishere, President, Women’s International Shipping and Trading Association (WISTA) Nigeria, lamented that there were no enough indigenous ship owners to benefit from the Local Content Act.
“Nigerians are not seeing the benefits as fast as they want to see it because we do not have enough ship owners who will benefit from the Local Content Act.”
“Of the very few ship owners we have, how many of them have supply vessels?
“How many of them have oil tankers and are looking at huge contracts?,” she noted.
“We have to change our mindset but the Federal Government too has to assist in terms of financing,” Chiazor-Anishere told reporters.
She urged the Federal Government to establish a maritime bank, to enable maritime operators to access loans on a single-digit platform.
Chiazor-Anishere also said that the maritime bank would provide avenues for job opportunities, as ship owners would have loans to procure more ships.
Also, during the week, a 21-member steering committee was inaugurated under the auspices of the Port Consultative Council (PCC), to draw an agenda for deliberation on the revival of the nation’s port industry.
At the inauguration in Lagos, Chief Kunle Folarin, Chairman, Port Consultative Council (PCC), said the committee would facilitate the “Roadmap and Modules” for the port industry, in the next four years.
“The ultimate goal of your assignment is to provide instruments that will guide and shape the Roundtable of a wider regime of participants,” he told the committee members.
“Members of the Roundtable will design the Roadmap that will regain the hope and aspirations of the maritime sector,” Folarin said.
According to him, the Roadmap and Modules will serve as the pillars for the policies, legal framework and economic targets that will propel the maritime sector and the port industry.
“We are all aware of the challenges we have faced in the maritime sector in the last two decades; the decline and the decay of both operational modes and infrastructure in the port industry.
“There is no time more appropriate than now to address this situation and work toward the re-engineering of the entire sector to be competitive and productive,” the maritime expert added.

Continue Reading

Business

Agency Gives Insight Into Its Inspection, Monitoring Operations

Published

on

The Director, South South Zone National Agency for Food Drug Administration and Control (NAFDAC), Pharmacist Chujwuma P.Oligbu has said its  thorough implementation of its core mandate of monitoring has no link with witch-hunting or fault finding as perceived at some quarters.
 Oligbu, made this known when he spoke as as guest at the maiden Rivers state Supermarkets stakeholders’ Seminar/Workshop in Port Harcourt recently.
Rather, he said they were mere opportunities for education, correction and continuous improvement.
The Agency’s South South Boss, noted that  Supermarket operators who maintain transparent records, cooperate during inspections, and promptly address identified gaps demonstrate professionalism and commitment to public health standard.
He listed the deserving essence of supermarket operation to include the key aspects of supermarket operation that deserves emphasis is product sourcing.
“Supermarkets must ensure that all regulated products stocked on their shelves are duly registered with NAFDAC and sourced from legitimate manufacturers or distributors”, he said .
According to him, the presence of unregistered, expired, counterfeit, or improper labelled products undermines consumer confidence and poses serious health risks.
He pointed out that such has the likelihood of  exposeing supermarket operators to legal sanctions that could damage their reputation and financial stability.
The NAFDAC Operator, further enlightened the participants that mere registration of a particular product with the Federal agency do not guarantee absolute consumption safety.
“Temperature control, cleanliness, pest control, stock rotation, and proper shelving are not optional practice; they are essential components of compliance”, he said.
The South South zonal director also told the operators of supermarket that their employees rotine training on the basis of the product they display for sale is of utmost importance.
In her presentation a Breast Milk Nutrition Expert , Professor Alice Nte of University of Port Harcourt Teaching Hospital (UPTH), was against the body’s prime attention to breast milk substitute or baby milk in supermarkets as well as its advertisement or promotion.
Nye jerked up  the importance of mothers breast milk to the newborn baby and added that it  help in fighting against childhood diseases, infections and combating cancer in breastfeeding mothers.
Meanwhile, NAFDAC Deputy Director, South – South Zone , Mrs. Riter Chujwuma educated the participants on the guidelines for global listing, and the need to adhere strictly to rules guiding global listing to avoid confiscation of their imported products.
By: King Onunwor
Continue Reading

Business

BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS

Published

on

The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.

In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.

 According to the data, more than 4.3 million new BVNs were issued within the one-year period, underscoring the growing adoption of biometric identification as a prerequisite for accessing financial services in Nigeria.

NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.

Analysts linked the growth largely to regulatory measures by the CBN, particularly the directive to restrict or freeze bank accounts without both a BVN and National Identification Number (NIN), which took effect from April 2024.
The policy compelled many customers to regularise their biometric records to retain access to banking services.

Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.

The programme has been widely regarded as a milestone in integrating the diaspora into Nigeria’s formal financial system.

A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.

However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.

The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.

Continue Reading

Business

AFAN Unveils Plans To Boost Food Production In 2026

Published

on

The leadership of the All Farmers Association of Nigeria (AFAN) has set the tone for the new year with a renewed focus on food security, unity and long-term growth of the agricultural sector.
The association announced that its General Assembly of Farmers Congress will take place from January 15 to 17, 2026 at the Abuja Chamber of Commerce and Industries, along Lugbe Airport Road, in the Federal Capital Territory.
The gathering is expected to bring together farmers, policymakers, investors and development partners to shape a fresh direction for Nigerian agriculture.
In a New Year address to members and stakeholders, AFAN president, Dr Farouk Rabiu Mudi, said the congress would provide a strategic forum for reviewing past challenges and outlining practical solutions for the future.
He explained that the event would serve as a rallying point for innovation, collaboration and economic renewal within the sector.
Mudi commended farmers across the country for their determination and hard work, despite years of insecurity, climate-related pressures and economic uncertainty.
According to him, their resilience has kept food production alive and positioned agriculture as a stabilising force in the national economy.
He noted that AFAN intends to build on this strength by resetting agribusiness operations to improve productivity and sustainability.
The AFAN leader appealed to government institutions, private investors and development organisations to deepen their engagement with the association.
He stressed the need for collective action to confront persistent issues such as insecurity in farming communities, climate impacts and market instability.
He also urged members to put aside internal disputes and personal interests, encouraging cooperation and shared responsibility in pursuit of national development.
Mudi outlined key priorities that include increasing food output, expanding support for farmers at the grassroots and strengthening local manufacturing through partnerships with both domestic and international investors adding that reducing dependence on imports remains critical to protecting the economy and creating jobs.
He stated that the upcoming congress will feature the launch of AFAN’s twenty-five-year agricultural mechanisation roadmap, alongside the announcement of new partnerships designed to accelerate growth across the value chain.
Participants, he said wi also have opportunities for networking and knowledge exchange aimed at transforming agriculture into a more competitive and technology-driven sector.
As part of its modernisation drive, AFAN is further encouraging members nationwide to enrol for the newly introduced Digital ID Card.
Mudi said the initiative will improve transparency, ensure proper farmer identification and make it easier to access support programmes and services.
Reaffirming the association’s long-term goal, he said the vision of national food sufficiency by 2030 remains achievable if unity and collaboration are sustained.
He expressed optimism that with collective effort, Nigeria’s agricultural sector can overcome its challenges and deliver a more secure and prosperous future.
Lady Usendi
Continue Reading

Trending