Business
NPA, Navy, NIMASA Partner To Secure Onne, Rivers Ports
Following the incessant attacks of vessels by sea pirates in Onne and Rivers Ports, Nigeria Ports Authority (NPA) says it is partnering with the Nigerian Navy and Nigeria Maritime Safety and Administration (NIMASA) to tackle the menace.
NPA also said, plans are in the pipeline to acquire two 1.7 meters offshore monitoring vessels to complement the efforts and make the waterways safe for traffics.
Managing Director, NPA, Mrs Hadiza Bala Usman disclosed this at the weekend in Port Harcourt during the quarterly stakeholders forum held at NPA Dockyard, Rivers Port.
Represented by, the Executive Director, Finance and Administration, Mohammed Bello Koko, Usman said, soon the Nigeria Navy will be deployed to Onne and Rivers Ports to enhance surveillance and security of the facilities.
The MD also said, NPA has gotten approval for the procurement and purchase of six water tanks patrol boats.
She said the six patrol boats will enable the security agencies to patrol in and around the ports for safety.
Hadiza Usman also insisted that arrangements are in top gear with the Nigeria Navy and the office of the National Security Adviser for installation of a 3 c i, a security system that would enable NPA to monitor vessels and ships and pick them up when there is any distress.
She noted that, the disastrous system faced by the ports will soon be curbed through the NPA’s collaboration with the Navy and NIMASA.
According to the MD, the federal government is working assiduously to improve security of lives and property nationwide to the benefit of everyone.
On equipment, Hadiza Usman said, NPA will soon acquire more tugboats and construction of six pilot cutters in Onne Port to enhance productivity.
The Managing Director also said, procure processes is ongoing for the purchase of six marine boats, even as NPA is planning to dualise Bonny channel to accommodate more sea going vessels to increase traffics.
She also told the stakeholders that NPA will soon embark on the dredging of Rivers Port dockyard, to accommodate more vessels.
Usman decried that the facility at the dockyard is near moribund as budgetary provision has been made to upgrade the dockyard.
She assured terminal operators and stakeholders that, NPA will soon embark on concession reviews in the port.
Earlier, Port Manager, Rivers Port, Alhaji Abubakar Umar lauded the Managing Director, Hadiza Bello Usman for embarking on the restructuring of NPA.
Umar said, the restructuring has helped in achieving optimum operation efficiency in the ports.
On the achievements, Umar said the serene atmosphere enjoyed by the stakeholders has attracted more importers and increased ship traffic in the port which has led to more revenue generation.
The port manager also disclosed that, Rivers Port maintains cordial relationship with the stakeholders and terminal operators for efficiency.
Management, he said recently allocated two new security patrol vans to the port.
Other achievements by Umar include, responsive management, reduction in vessel turnaround time.
Alhaji Abubakar also said, Rivers Port recorded improvement in revenue generation and collection, improvement in service delivery and improved safety guidelines.
Chinedu Wosu
Business
SMEs Dev: Firms Launch N100m Loan Scheme
The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.
The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA), said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.
Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.
“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.
He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.
According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.
“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.
Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.
He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.
“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.
He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.
“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.
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