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NIMASA Harps On Marine Pollution Prevention

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Towards ensuring a safe marine environment from pollution, the Nigerian Maritime Administration and Safety Agency (NIMASA) has restated its commitment to put in place effective marine pollution prevention and control mecganism in order to create an enabling environment for the sector to thrive.
NIMASA reiterated its commitment to the effective implementation of International Oil Pollution Compensations (IOPC) Fund in Nigeria by ensuring optimal utilization of the instrument in the country.
Director of Marine Environment Management Department, NIMASA, Aishatu Jidda, stated this while speaking at the 7th meeting of the National Standing Committee on IOPC Fund implementation in Nigeria.
Jidda, who represented the Director General, NIMASA, urged all stakeholders to abide by the provisions of all enabling international instruments as provided for by the International Maritime Organization (IMO).
According to him the Convention for Civil Liability for Oil Pollution Damage 1992, and the International Convention on Establishment of an International Fund for Compensation for Oil Damage 1992, which Nigeria is signatory to, remains relevant to the growth and development of the Nigerian maritime sector.
“Nigeria has domesticated these Conventions and we are qualified to reap the benefits therein.
”We, at NIMASA, have a register for contributing oil receivers in Nigeria. We urge all stakeholders to play their part to ensure reports emanating from Nigeria are in line with acceptable standards.
“It is good we have a record as a contributing oil receiver and because it is our obligation to ensure we give the IOPC Fund the names of all contributing oil receivers in Nigeria. NIMASA is committed to ensuring Nigerians enjoy all the benefits from being signatory to these International Conventions,” she said.
NIMASA also affirmed the importance of the conventions to Nigeria’s marine environment management.
Jidda said the facilitation of domestication of the conventions by NIMASA led to the constitution of the national standing committee of the IOPC Fund in September 2004 and five other sub-committees in October 2016, with a mandate to ensure seamless implementation of both conventions.
The five subcommittees are: the sub-committee on fish stock/fisheries; sub-committee on identification of receivers of contributing oil; sub-committee on compilation of oil report; sub-committee on claims handling; and sub-committee on pricing index.
The objective of the meeting was to deliberate on the resolutions reached at the 6th meeting, including the development of a roadmap on the establishment of a Local Oil Pollution Compensation Fund by local insurance companies, drawing up national guidelines on fish stock/fisheries, as well as the collation of recent data on Contributing Oil Receivers and Contributing Oil Products imported.
Other resolutions include drawing up National Guidelines on fish stock/fisheries, collation of recent data on contributing oil receivers, contributing oil products imported, and quantity of product and details of coastal movement of Low Pour Fuel Oils (LPFO) and High Pour Fuel Oils (HPFO) from the refineries and condensates, as well as distribution of COR-1 Forms and carrying out sensitization programmes.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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