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Maritime Infrastructure: NIMASA Urges Use Of PPP Model

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The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, said that adequate provision of basic infrastructure would unlock the vast opportunities in the Nigerian maritime industry.

The Head, Corporate Communications Team of NIMASA, Hajia Lami Tumaka, noted this in a statement made available to newsmen in Lagos, recently.

Peterside spoke in a message to the 4th Quarter Meeting on Public Private Partnership (PPP) organised by the Infrastructure Concession and Regulatory Commission (ICRC).

The director-general was represented on the occasion by the Director, Abuja Zonal Office, Mr Ali Indabawa.

He said that given Nigeria’s strategic location, population and volume of trade in Africa, “all the country needs to become a major hub of maritime activities is a strategic investment in infrastructure in the maritime industry”.

Peterside said that this should be championed through a PPP model.

“The PPP model will be able to address infrastructure deficit and as well optimise local content development.”

“Partnership with the private sector also has the potential to enhance human capital development and active government participation in a private sector driven economy,” the director-general said.

Peterside pledged NIMASA’s willingness to partner with the ICRC in its efforts in ensuring infrastructure delivery in the country, especially in the maritime industry.

He called for improved PPP efforts to provide the needed infrastructure for the development of the nation’s economy.

“NIMASA is already involved in some PPP initiatives in areas such as maritime safety, search and rescue, maritime domain enhancement, ports and flag state responsibilities, pollution response and prevention.

“Capacity building, ship building and ship repairs, ship breaking and recycling among others,” the director-general said.

Earlier in his welcome remarks, the Director-General of ICRC, Mr Aminu Dikko, urged government to look beyond its budgetary resources for the delivery of infrastructure in the country and explore other funding methods that had become international practice.

Dikko, who was represented by the Director, PPP Resource Department, Mr Mike Ohiani, advised governments at all strata to key into the PPP method of infrastructure delivery, given the current economic recession in the country.

He said that the PPP model was not the only option to bridge the infrastructure deficit in the country, adding that “it is a cost effective way for Nigeria to rebuild its decaying infrastructure”.

Dikko said the ICRC was committed to providing stakeholders the platform to accelerate knowledge of the rudiments of PPP.

He commended the quick response of Ministries, Departments and Agencies (MDAs) to ICRC’s request for inputs in its soon to be published 2017 pipeline of projects.

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Traders Decry Continuous Increase In Prices Of Foodstuffs

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Some traders at the Rumuwoji Market popularly known as Mile 1 Market have decried the continuous increase in the prices of food stuffs and other items in the ember season.

This was made known by the traders when The Tide  visited the market recently.

The traders revealed varying changes in the prices of foodstuffs, with some commodities recording higher increase than others .

A trader Mrs Charity Obinna, at the market, said the price of yam remained the same last week and this week compared to the prices from last month to this month, adding that only a difference of about N100 to  N200 was seen.

Another trader, Chukwuebuka Livinus who deals on garri, reported that the prices of some food commodities had been changing frequently.

According to him, the price of a bag of garri increased from N45,000 last week to N58,000 this week, representing an increase of  N13,000.

Livinus described the increase as scary and called on the government to do something about it, especially as we get closer to the festive period.

A trader that deals on vegetables, Mrs Joy reported that a significant increase in the prices of pepper rose from N20,000 last week to N40,000 this week.

Similarly, the price of a bag of melon (egusi) increased from N420,000 toN490,000 this week.

In a separate report, Mrs Charity Obinna said that foodstuffs were generally cheaper last month than this month, with price differences ranging from N150 to N200 for some items.

Meanwhile, Giff Okoro reported a decrease in the price of tomatoes. According to her, a quantity of tomatoes that cost N45,000 last month now sells for N25,000, indicating a reduction of N20,000.

Another trader, Usman Ibrahim said the cost of transporting goods from the communities to urban areas where they are sold is one of the major reasons for high cost of goods.

He said transport cost has doubled due to the cost of petroleum products in Nigeria, adding the whole cost is part of the goods because “entrepreneurs must cover their cost and make their gains .

Ibrahim called on the government to help farmers and traders even with little capitals to expand and sustain their business.

Another trader, Mrs Choice Promise a fish retailer said a cartoon which sold at #35,000 last week now sells at #50,000 .

Promise complained that there is no gain or profit because the price has drastically increase and most people cannot afford to buy fish again.

“Mr. President’s Renewed Hope Agenda recognizes that economic ambition requires dependable infrastructure,” Tegbe said.

He added that investments in electricity infrastructure would strengthen the foundations for business expansion, employment and economic growth.

The Kankia substations comprise two 60 MVA, 132/33 kilovolt (kV) facilities designed to strengthen the transmission network serving Katsina State and neighbouring areas.

Tegbe said the infrastructure would improve the network’s ability to distribute available electricity, supporting commercial activities and household welfare.

He also urged residents to protect the facilities against vandalism and other activities that could disrupt electricity infrastructure, asking them to report suspicious activities to TCN or security agencies.

Katsina State Governor, Dikko Umaru Radda, described the project as a significant investment in the state’s electricity infrastructure.

Radda stated that improved electricity supply could support industrial development, economic growth and public service delivery.

He further commended the President, the Federal Ministry of Power and TCN for completing the project.

It would be noted that the latest projects come amid a broader government’s drive to address bottlenecks in Nigeria’s electricity transmission network, which has constrained the amount of electricity that can be delivered to distribution companies and end users.

 

Wali Chioma, Obasi Chidinma & Amarachi Uche

 

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Firm Mulls Crash Down On Vegetable Oil Price Targets Revenue Boost, Job Creation

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A firm, Kompetenz Investment Zentrum Ltd, has said it would crash down the cost of vegetable oil in the market through adequate production and milling of its product for large scale sales in and around the State.

The Head, Human Resource Management of the firm, Mrs Amina Shehu said this in Yenagoa, the State capital, Wednesday while speaking with newsmen on an inspection tour of the company.

She noted that while other firms have previously managed the Palm farm, her company which she described as an experienced manager of palm farms recently acquired right of management of the Bayelsa Government-own palm plantation in September, 2026.

“We inherited a poorly managed farm and machineries from our predecessors, and so we’re working assiduously to overhaul the mills in this firm, more especially the biggest one.

‘’Today we’ve been able to put the small one into use, and it’s functioning well. Some engineering contractors have also came around with their various interest in bidding for the repair and overhaul of the ailing big mill we inherited, but surely the cost of repairs shown to us by the engineers run into billions.We’re however determined to get all our equipments and machinery functioning soon”, she said.

Mrs Shehu bemoaned the dysfunctional State of the farm facilities prior to its acquisition, adding however that there were plans by the company to get all moribund machinery functioning and put them to maximum utilisation and production capacity, while also working towards ensuring revenue boost for the firm and the State in the future.

Speaking on manpower and employment generation, the company’s HRM emphasised that at low peaks, the firm has employed no fewer than 200 staffers, comprising regular, casuals and workers on its daily payroll.

“At peak periods of harvest, more hands would be employed and production and milling capacity will be increased to 10 tons of palm oil per day in order to gradually crash down the soaring price of red oil in and around this State.

“We have just acquired the right of management of the Bayelsa Palm estate in September, 2026. We’re barely two months old as new management of this farm. As you can see for yourselves, a lot of work is currently ongoing in this farm.

“We have borrowed loans to run this farm, and so a lot of work; slashing of the palm fruits and clearing of the farm is ongoing. But upon what we have done which amounts to millions, it’s like we have not yet started because the Bayelsa Palm estate is really big” Mrs Shehu added.

She noted that during the world food day the company “showcased some of our produce and as we speak calls are coming in from far and near placing orders and showing interest in doing business with us.

“Our Director (our boss), has the requisite experience in this business. He has reinvigorated and invested in similar Palm farm businesses in other parts of this country.

“Some contractors have also came around with their various interest in bidding for the repair and overhaul of the ailing machinery we inherited, but surely the cost of repairs shown to us by the engineers run into billions.

‘We determined to get all our equipments and machinery functioning as we progress. For now we have about 105 workers, comprising daily paid harvesters and regular staffs. But aside these 105 staffs we also employ daily slashers who for now are about 100.

“During peak periods, hopefully on or before January 2026 we hope to increase our work force for maximum production”.

The Tide gathered that the firm is the new operator of the Bayelsa Palm estate and managers of the state’s Palm tree plantation.

The Tide spoke with a cross section of traders and consumers in major markets of the State and reports said the price of Palm oil which is botanically referred to as ‘elaeis guineensis’ has increased astronomically in recent months, due to general inflation in prices of commodities.

Ariwera Ibibo-Howells, Yenagoa

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Rising  Food Stuff Costs, Other Items Worries Traders

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Some traders at the Rumuwoji market popularly known as mile 1 Market have decried the continuous increase in the prices of food stuff and other items in the ember season.
This was made known by the traders when The Tide correspondence visited the market recently.
The traders revealed varying changes in the prices of foodstuffs, with some commodities recording higher increase than  others .
A trader Mrs Charity Obinna,  at the market, said the price of yam remained the same last week and this week  compared to the prices from last month to this month, adding that  only a difference of about ?100 to ?200 was seen.
Another trader, Chukwuebuka Livinus who deals on garri, reported that the prices of some food commodities had been changing frequently.
According to him, the price of a bag of garri increased from ?45,000 last week to ?58,000 this week, representing an increase of ?13,000.
Livinus described the increase as scary and called on the government to do something about it, especially as we get closer to the festive period.
A trader that deals on vegetables, Mrs Joy reported that a significant increase in the prices of pepper  rose from ?20,000 last week to ?40,000 this week.
Similarly, the price of a bag of melon (egusi) increased from ?420,000 to ?490,000 this week.
In a separate report, Mrs Charity Obinna said that foodstuffs were generally cheaper last month than this month, with price differences ranging from ?150 to ?200 for some items.
Meanwhile, Giff Okoro reported a decrease in the price of tomatoes. According to her, a quantity of tomatoes that cost ?45,000 last month now sells for ?25,000, indicating a reduction of ?20,000.
Another trader, Usman Ibrahim said the cost of transporting goods from the communities to urban areas where they are sold is one of the major reasons for high cost of goods.
He said transport cost has doubled due to the cost of petroleum products in Nigeria, adding the whole cost is part of the goods because “entrepreneurs must cover their cost and make their gains .
Ibrahim called on the government to help farmers and traders even with little capitals to expand and sustain their business.
Another trader, Mrs Choice Promise a fish retailer said a cartoon which sold at #35,000 last week now sells at #50,000 .
Promise complained that there is no gain or profit because the price has drastically increase and most people cannot afford to buy fish again.
Wali  Chioma/ Obasi  Chidinma,/ Amarachi  Uche

 

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