Connect with us

Business

Blue Economy Minister Charges Stakeholders On Africa’s Maritime Potential

Published

on

Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, has called on Maritime stakeholders across Africa to leverage the continent’s renewable energy potential to become a global leader in green shipping.
The Minister made the remark at the maiden Africa Strategic Summit on Shipping Decarbonization, held at the Congress Hall, Transcorp Hilton, Abuja, according to a statement issued by the Head, Public Relations, Nigerian Maritime Administration and Safety Agency (NIMASA), Osagie Edward.
He stated that, with the International Maritime Organization (IMO) advancing efforts to adopt the Greenhouse Gas (GHG) Emissions Reduction Strategy, Africa must assert its presence and safeguard its interests.
In the same vein, Dr. Dayo Mobereola, Director General, NIMASA, emphasized that Africa must prioritise sustainable and responsible maritime practices in line with international frameworks as the continent develops.
Oyetola said, “With over 90 per cent of global trade facilitated by maritime transport, reducing GHG emissions from shipping is not just an environmental necessity, but an economic imperative.
“Africa must ensure that its voice is heard, and its interests safeguarded in shaping policies that impact our economies and livelihoods.
“Shipping decarbonisation goes beyond just shipping, as it touches various sectors of the economy and livelihoods. Decarbonising the shipping industry must be pursued in a manner that is just and equitable, ensuring that no African nation is left behind.
“Africa’s maritime sector is uniquely positioned to leverage its strategic geographic advantage, renewable energy potential, and growing Port infrastructure development to become a global leader in green shipping.
“This requires a concerted effort from all stakeholders to align investments with sustainability and economic growth”, Oyetola said.
In his welcome address, Mobereola, said, “The shipping industry accounts for approximately 3 percent of global GHG emissions, contributing to climate change.
“The environmental concerns arising from these emissions have created a sense of urgency, driving the world to focus on shipping decarbonization, and Africa must not be left behind.”
He noted noted that the focus of the two-day summit is on Africa’s cooperation regarding the IMO’s GHG strategy and the basket of mid-term measures, ensuring a just and equitable transition for the continent and enhancing its technical capacity for climate action.
He further stated, “The decisions we make today will shape the future of our maritime industry and our contribution to global climate goals. This summit provides a unique opportunity to align our regional strategies with international frameworks while addressing Africa’s challenges and opportunities”.
Key presentations at the summit include “IMO’s Journey So Far in Its GHG Reduction Strategy” by Dr. Harry Conway, Chairman of the IMO’s MEPC and Alternate Permanent Representative of Liberia to the IMO; and “The Role of Africa’s Maritime Administrations in Shaping Shipping Decarbonization”, by Mr. John Oming’o, President of the Association of African Maritime Administrations.
Oming’o highlighted the benefits of decarbonisation to include, reduction of global warming to 1.5 degrees Celsius, job creation in renewable energy, ship building, research and development, improved air quality near ports and coastal cities, port modernisation for clean and efficient logistics, green fuel production hubs, among others.

Nkpemenyie Mcdominic, Lagos

Continue Reading

Business

Pipeline Explosion In Abua Odua, LGA Chair Calls For Calm

Published

on

Fresh explosions have hit oil and gas pipelines in Odau Community, in Abua/Odual Local Government Area of Rivers State, triggering a major security and  environmental crisis that has forced residents to abandon their homes.
The first incident occurred  along the Kolo Creek – Rumuekpe crude oil pipelines, operated by Renaissance Africa Energy Company Limited.
This was followed by a gas pipeline explosion on the Ogboinbiri – Obirikom Gas Pipeline, operated by Oando Plc, in the same week.
In a statement by the Abua/Odual Council Chairman, Hon. Owolobi Michael Ofori said  the blasts, suspected to be the handiwork of militants, have unleashed persistent gas leakage in the area, raising fears of fire outbreaks and toxic exposure as residents of Odau have largely deserted the community due to the dangerous situation.
According to him, some residents of the area have been hospitalised after inhaling the leaking gas, adding that the impact has spread to neighbouring communities, including Obedum, Emirikpoko, and Anyu in Abua/Odual LGA, as well as Oruma and Ibelebiri in Bayelsa State.
Hon. Ofori expressed deep concern over the plight of the affected residents and urged the operating companies to act swiftly.
The Council expressed its deepest sympathy to all affected persons and communities and remained gravely concerned about the safety, health, and welfare of residents whose lives and livelihoods have been disrupted by these incidents.
“We call on Renaissance Africa Energy Company Limited and Oando Plc to immediately deploy all necessary technical and emergency response resources to contain the fires, halt the gas leakage, secure the affected pipeline corridors, and mitigate further environmental and public health risks.” the Council Chairman Said.
The chairman also appealed to the two oil firms to provide immediate humanitarian assistance and relief materials to the displaced residents while work continues to restore normalcy.
The Council Chairman said he is working closely with security agencies and emergency responders to monitor the situation and coordinate necessary interventions.
The Council Boss advised Residents of the Local Government Area to remain calm, cooperate with authorities, and adhere strictly to safety directives.
Ofori further called on the National Emergency Management Agency (NEMA), the National Oil Spill Detection and Response Agency (NOSDRA), the Rivers State Government, and other relevant bodies to intervene urgently to prevent  loss of lives and environmental damage.
Hon. Ofori assured that the council remains committed to the protection and welfare of its people and will continue to engage all stakeholders to resolve the crisis.
Enoch Epelle
Continue Reading

Business

Fidelity Bank Collaborates YEIDEP To Empower Nigerian Students

Published

on

Fidelity Bank Plc has reaffirmed its commitment to youth empowerment, financial inclusion and entrepreneurship through a strategic partnership with the Youth Economic Intervention and De-radicalization Programme (YEIDEP), a Federal Government-backed initiative aimed at equipping young Nigerians with the skills, support and opportunities needed to build sustainable livelihoods.
Under the partnership, the bank will support the enrolment of students and young people into the YEIDEP programme, which is designed to tackle youth unemployment, promote enterprise development and expand economic participation among Nigeria’s growing youth population.
The next phase of the initiative is scheduled to end today at Nnamdi Azikiwe University, Awka, where the enrolment exercise for students and youths across the South-East that started since July 1st would be concluded at the university’s Convocation Arena.
The exercise is expected to reach more than 60,000 regular undergraduate students.
Speaking on the partnership, Fidelity Bank’s Divisional Head, Product Development, Osita Ede, said youth empowerment remains central to the bank’s vision of building a more inclusive and prosperous society.
He noted that Nigeria’s youths represent the country’s greatest asset and stressed that providing them with the right skills, opportunities and financial support is critical to unlocking their potential and driving national development.
According to Ede, the bank continues to provide young Nigerians with tools for success through its digital banking platforms, financial literacy initiatives, youth-focused products and strategic partnerships.
He added that Fidelity Bank recognises that limited access to funding, mentorship and business development support remains a major challenge for many aspiring entrepreneurs, and is committed to creating pathways that will help them overcome these barriers.
The bank said its support for YEIDEP aligns with its longstanding commitment to empowering Micro, Small and Medium Enterprises (MSMEs), which it described as key drivers of economic growth and job creation in Nigeria.
Interested students and youths have been encouraged to open Fidelity Bank accounts and register for the programme through the bank’s dedicated online portal.
Nkpemenyie Mcdominic, Lagos
Continue Reading

Business

NPA Launches Multi-Agency Taskforce To Combat Apapa Traffic Gridlock

Published

on

The Nigerian Ports Authority (NPA) has launched a multi-agency task force to combat the resurgence of traffic gridlock choking the Lagos Port access roads, in a fresh push to restore seamless cargo evacuation and sustain recent gains in Port efficiency.
The intervention followed a stakeholders’ meeting convened by the Managing Director of  NPA, Dr. Abubakar Dantsoho, on June 23rd, 2026, where security agencies, freight forwarders, truck operators and representatives of the Lagos State Government agreed on coordinated measures to eliminate the bottlenecks disrupting cargo movement.
At the meeting, stakeholders identified illegal extortion points, overlapping responsibilities among security agencies and other operational distortions as major factors responsible for the renewed congestion along the port corridor.
Speaking on the outcome of the meeting, the NPA’s General Manager, Corporate and Strategic Communications, Mr. Ikechukwu Onyemakara, said the Authority’s overriding priority is to guarantee the unhindered movement of cargo to and from the nation’s seaports.
According to him, the task force comprises the NPA, the Police, the National Association of Government Approved Freight Forwarders (NAGAFF), the Association of Nigerian Licensed Customs Agents (ANLCA), the Federal Road Safety Corps (FRSC), the Maritime Workers Union of Nigeria (MWUN), the Nigerian Association of Road Transport Owners (NARTO) and the Association of Maritime Truck Owners (AMATO).
“The responsibility of the task force is to monitor truck movement on the Port access roads on a regular basis, identify any disruption capable of causing gridlock and immediately resolve such challenges,” Onyemakara said.
He stressed that members of the task force would not establish checkpoints along the corridor but would maintain strategic presence at designated locations to ensure compliance without obstructing traffic.
To enhance rapid response, Onyemakara disclosed that the task force has created a dedicated WhatsApp platform through which members can instantly report infractions or emerging traffic issues for immediate intervention.
On the long-delayed renewal of the Electronic Truck Call-Up (ETO) system contract, the NPA spokesman said the Authority is reviewing the terms to ensure a more robust contractual framework before awarding a fresh agreement.
He explained that although the previous contract had expired, the ETO platform remains operational under the management of the Truck Transit Parks (TTP) pending completion of the procurement process.
He expressed confidence that the renewal would be concluded soon.
Reaffirming the Authority’s commitment to maintaining free-flowing Port access roads, Onyemakara said efficient logistics remain central to the NPA’s drive to improve Nigeria’s Port competitiveness and preserve its growing international reputation.
“We are more interested in the free flow of logistics into our ports than anyone else because it is in our own interest,” he said
Nkpemenyie Mcdominic, Lagos
Continue Reading

Trending