Connect with us

Maritime Agencies

GLOOMY BUSINESS ENVIRONMENT: Okwuashi Urges FG To Re-introduce Marketing Boards, Among Other Measures.

Published

on

Pastor Okereke (left) receiving a special award on behalf of Prof Alex Favour Okwuashi.

 

 

 

 

 

 

By Izuchukwu Ozoemena

 

 

 

 

 

 

 

For Nigeria to make any reasonable impact in reversing the prevailing gloomy business environment, the Federal Government should urgently consider re-introducing the defunct Marketing Boards to implement an enduring price control policy for all goods and services. This is in addition to other pragmatic measures whose target is to regig the economy for the benefit of all.

 

The Board will monitor and ensure that prices of commodities are not arbitrarily increased in the market especially with this belief that once prices increase in Nigeria, they do not go down.

 

“Government should sell a functional policy through the Central Bank of Nigeria to ensure that foreign exchange is readily available to importers in the country to sustain effective importation of goods at minimal cost of foreign exchange.”

 

Professor Alex Favour Okwuashi, Proprietor and Founder, Certified Institute of Shipping of Nigeria (CISN), Badagry, Lagos,

was speaking on the theme “Business Transactions And Rising Costs: The Way Forward” at the 20th anniversary and award event organized by the People’s Forum Magazine & Online publication.

 

Government, he advised, should also roll out an effective monetary policy that will boost the value of the Naira such that too much Naira will not pursue few goods in the market.

 

“When the value of Naira improves, it will definitely improve the purchasing power of an average citizen. Government should do all it can to stop the inflationary trend in the country by introducing policies that will create wealth and active productivity among citizens.”

 

“There must be a revolutionary change in our mode of transportation within the country. I recommend a review of the removal of the subsidy by government to stop the ripple effect it has on the cost of goods and services due to the high cost of transportation.”

 

However, he suggested that due to the current shortfall in government revenue to carry out development of infrastructure, government must not cave in to current pressures to reverse the removal of oil subsidy but on the condition that genuine palliatives which are implementable are available to drastically reduce the effect on the common citizens.

 

“There is need to encourage local content through floating policies that will help local industries to survive through provision of steady and cheap energy supply.”

 

He equally canvassed for the opening up of all feeder or rural roads and the availability of raw materials for production in local industries.

 

Stimulating conversation and inculcating entrepreneurship skills and innovation among youths, he emphasized, will boost job creation and employment, thereby availing wealth to sustain financial empowerment and a perfect and competitive market structure.

 

He called for a mechanism to periodically evaluate market forces operating in the country. As the watchdog of society, the media, he said, should critically expose all anti-economic saboteurs of government policies so as to put a check on rising costs.

 

Also the media should steadily inform the public of price dynamics and how to get goods at cheaper prices without any sharp practices. He added that as entrepreneurs, business owners must learn to adapt to the current industry trends and practices in order not to be left behind when relevant trends are evolving.

“While we urge the government to do its part in creating a more favourable environment for businesses to thrive, we must also be proactive to pursue the trends as we cannot get new results by practising old systems”.

 

Okwuashi who also doubles as the founder, Coastal Polytechnic, Magbon, Badagry, Lagos, commended the People’s Forum Magazine for bringing up for deliberation such a topic he described as very relevant to contemporary national issues especially at a time when the rising cost of goods in the market is overwhelming.

 

The CISN Founder who was represented by Pastor Okereke, the institution’s registrar, called for the re-introduction of a modified cabotage law which emphasizes employment and ship building so as to encourage a capacity building process for the marine and blue economy.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maritime Agencies

Distinguish Between Reclamation and Industrial Dredging, Dredgers’ Association Tells Works Minister.

Published

on

By

Minister of works, David Umahi

 

 

 

 

 

By Izuchukwu Ozoemena

 

 

 

 

The Dredgers’ Association of Nigeria (DAN) has advised the Minister of Works, David Umahi, to separate reclamation activities from industrial dredging so as not to confuse Nigerians over the two different types of economic activity.

 

Rising from an emergency meeting in Lagos, Wednesday, DAN took a strong exception to an accusation by the Minister that dredgers are responsible for the poor infrastructural state of Eko and Carter bridges in Lagos.

 

Disagreeing with the Minister’s position, Mr Richard Ntan, DAN’s General Secretary, submitted that there is no direct corelation between

dredging and bridge infrastructure.

 

“We wish to clarify that industrial dredging carried out by our members is not the cause of the damage observed in these structures,”

 

Industrial dredging, according to DAN, is highly regulated, focusing on areas in the creeks and centre of the Lagos lagoon far away from the bridges. Industrial dredging carried out by DAN members is a key essential for maintaining navigable waterways and smooth movement of vessels in and out of Lagos. It is crucial and contributes to growing the city’s economic development.

 

Industrial dredging, the association’s scribe further clarified, is not harmful to infrastructure such as bridges because the process is driven through a well-articulated environmental ecosystem assessment which ensures deeper waterways for large vessels. There is regulation through professional methods strictly supervised to minimise any negative impact.

 

However, the association called for thorough investigation of the ongoing reclamation dredging near Third Mainland Bridge as it is time to truly know the status of those who do reclamation dredging activities as against industrial dredging only members of DAN are known for.

 

“We at DAN support the Minister that reclamation dredging activities should not take place near bridges. It’s important that the Minister finds out the true picture of those dredging near bridges and also not lump us at the Dredgers Association of Nigeria with such operators,” Ntan stated.

 

Dredgers Association of Nigeria, he insisted, remains committed to the responsible conduct of dredging activities in Lagos and across Nigeria in full compliance with national regulations to ensure that operations and activities do not harm the environment or vital national infrastructure.

 

DAN, he added, shares in the Minister’s concerns about the need to preserve Nigeria’s infrastructure.

 

“We are dedicated to ensuring that all dredging operations are carried out in ways that support the nation’s economic growth while safeguarding critical infrastructure such as bridges”.

Continue Reading

Maritime Agencies

Enugu Trade Fair: NPA MD Markets Agency’s Simplified Export Processes That Favour Investors.

Published

on

By

NPA Managing Director, Dr Abubakar Dantsoho

 

 

 

 

 

By Izuchukwu Ozoemena

 

 

 

 

The Nigerian Ports Authority (NPA) is linking value creators in the remotest part of the hinterland with the farthest clusters of demand anywhere on the globe even as it strengthens the domestic economy by promoting balance of trade and establishment of the Export Process Terminals

(EPTs) to simplify the burdensome processes of exporting Nigerian goods.

 

Therefore, the NPA Managing Director, Dr Abubakar Dantsoho, implores the trading and investing public to explore the tailor-made simplified export processes and other vistas of opportunity available at the agency.

 

Dr Dantsoho made this call during the ‘NPA Special Day’ session at the 36th Enugu International Trade Fair, with the theme “Developing Nigeria’s Industrial Sector / SMEs for Economic Advancement and Global Recognition”.

 

He stated that as Nigeria’s foremost trade facilitation platform, the NPA is always proud to be associated with the noble cause that the Trade Fair represents, especially seeing that trade remains the most veritable tool for actualising most of Nigeria’s economic aspirations.

 

The doors of NPA, he assured stakeholders, are always open for partnerships even beyond the trade fair.

 

“I therefore want to warmly invite you to interact with our business development team at the NPA pavilion and to also visit our fully interactive online real time website www.nigerianports.gov.ng to access our growth offerings,” he announced.

 

Dr Dantsoho explained that the EPTs were conceptualized to serve as a one-stop-shop for cargo consolidation, stuffing, documentation, packaging, certification and onward shipment through electronic call-up to the Ports in quick turnaround time, thus eliminating the duplications and bureaucratic overlaps that previously rendered Nigerian exports uncompetitive in the international marketplace.

 

“To facilitate Port-Hinterland connectivity and create pathways for Small and Medium Scale Enterprises (SMEs) to play in the export value chain, the EPTs are to be linked with Domestic Export Warehouses (DEWs) in synergy with the NEPC and relevant partners.

 

“To align with the ease of doing business orientation of the Federal Government and the theme of the year’s fair “Developing Nigeria’s Industrial Sector / SMEs for Economic Advancement and Global Recognition”, we are aggressively simplifying our export processes to enable made-in-Nigeria goods transit through our Ports as seamlessly as possible.”

 

The NPA MD further disclosed that to achieve the goal, the agency is eliminating human interface which encourages underhand dealings by pursuing the full automation of NPA processes and procedures through the Ports Community System (PCS) which lays the groundwork for the implementation of the National Single Window (NSW).

 

“For clarity, the NSW is the global best practice for delivering the greatest value with the greatest ease by connecting all stakeholders in the trade value chain for seamless interaction at the push of a button,” Dr Dantsoho said.

 

Dr Dantsoho commended the Enugu Chamber of Commerce, Industry, Mines & Agriculture (ECCIMA) for the resilience to sustain the culture of hospitality and business friendliness that has continued to attract people from all over the globe to be a part of the Trade Fair which is deepening economic prosperity.

 

He stated that the strategic position of Enugu as the gateway to the South-Eastern hinterland presents huge opportunities for the expansion of export opportunities which is the focal point of the NPA.

Continue Reading

Maritime Agencies

Q1, 2025: Tincan Island Port Customs Collects N347bn, Breaks Record.

Published

on

By

Comptroller Frank Onyeka, CAC,Tincan Customs Command.

 

 

 

By Izuchukwu Ozoemena

 

 

 

 

The Tincan Island Port Command of the Nigeria Customs Service posted over N347 billion as revenue collection between January and March, 2025, the Customs Area Controller (CAC), Comptroller Frank Onyeka has said.

 

 

Comptroller Onyeka who disclosed this to journalists in his office stated that the breakthrough is in furtherance of the Comptroller-General of Customs, Adewale Adeniyi’s directive on consolidating his policy on collaboration and innovation in discharging the core mandate and functions of the Service.

 

The January, 2025 revenue generation record, the CAC explained, shows a total of ₦116, 412,735,766.23 which represents 24.06% over and above the figure of ₦88, 430,126,122.76 recorded within the corresponding period of 2024.

 

The disposition for February 2025 also shows that the sum of ₦103,254,292,839.23k was generated, indicating 2.90 % over and above the sum of ₦100,253,187,074.72k realized during the corresponding month of February 2024.

 

The Command generated the sum of ₦128,268,749,635.00k for March 2025 and this is 10.3% higher than the ₦115,100,000,000.00k generated over the corresponding period of 2024.

 

The total amount generated for the first quarter of 2025 is thus ₦347,935,672,476.00k which is 12.6% higher than the ₦304,000,000,000.00k generated in the corresponding period of 2024. The CAC of the Comand announced this figure while speaking with a group of journalists at the conference room of the Command.

 

Comptroller Onyeka also used the occasion to harp on the need for stakeholders to do more honest declarations so that seamless operational environment may exist and all sides may benefit from a much better conducive ecosystem. He was particularly appreciative of the support of the CG of Customs and the positive reviews that the media has so far accorded the Command.

 

Comptroller Onyeka promised to continue to engage stakholders in every way possible so that there can be more all round improvement in all aspects of their operations.

Continue Reading
Advertisement
Maritime Agencies1 day ago

Distinguish Between Reclamation and Industrial Dredging, Dredgers’ Association Tells Works Minister.

Maritime Agencies2 days ago

Enugu Trade Fair: NPA MD Markets Agency’s Simplified Export Processes That Favour Investors.

Maritime Agencies2 days ago

Q1, 2025: Tincan Island Port Customs Collects N347bn, Breaks Record.

Maritime Agencies1 week ago

NNPP Leadership Tussle: FCT High Court Compels INEC To Deal With Aniebonam As Authentic Leader.

Maritime Agencies1 week ago

MARAN Hosts Discussion on Nigeria-China Currency Swap Deal: Opportunities, Challenges

Maritime Agencies2 weeks ago

Zoe Maritime Breakfast Meeting: NCDMB, NIWA, LASWA Discuss Maritime Logistics, Sustainability of Ocean Economy.

Maritime Agencies2 weeks ago

‘OPERATION WHIRLWIND’: Customs Renews Commitment to Tackling Smuggling, Hauls Largest PMS Seizure in Kebbi.

Maritime Agencies2 weeks ago

MAN, Oron, Sponsors Inland Waterways Safety Awareness Campaign, Donates Life Jackets.

Maritime Agencies2 weeks ago

ANTI-SMUGGLING: Kebbi Customs Generates N13.3M In A Month, Confiscates Contrabands Worth N84.2 M.

Maritime Agencies2 weeks ago

Ports Commissioner of Police Commends Bivbere-led MARAN for Responsible Reportage of Maritime Sector

Maritime Agencies3 weeks ago

Lilypond Export Command Is Meeting Expectations, Handles 70% of Nigeria’s Total Tonnage of Export Cargo, says CAC Odusanya.

Maritime Agencies4 weeks ago

Customs Export Command Seeks Seamless Movement To Ports To Evacuate Export Containers

Maritime Agencies4 weeks ago

SEME CUSTOMS: Dr Oramalugo Dares Smugglers, Seizes N267m Illicit Drugs, PMS, Rice In A Month

Maritime Agencies4 weeks ago

INTERNATIONAL WOMEN’S DAY, 2025: NPA Pledges Equal Rights For Women In the Workplace.

Personality Interviews1 month ago

TRADE FACILITATION: FULFIL CUSTOMS REQUIREMENTS, ENJOY AEO, B’ODOGWU, says Ayokunle.

Maritime Agencies1 month ago

NPA Is Repositioning Nigerian Ports To Take Full Advantage of AfCFTA, says Dantsoho.

Maritime Agencies2 years ago

APFFLON Seeks Immediate Reform of CRFFN, Replacement of Registrar.

Maritime3 years ago

OMIS AWARDS, 2022: Greg Ogbeifun, Industry Gurus For Special Recognition.

Maritime Agencies3 years ago

INLAND WATERWAYS OFFERS NIGERIA ALTERNATIVE REVENUE SOURCE, Says Sambo

Maritime Agencies1 year ago

FG Set To Re-establish National Shipping Line, To Take Advantage of $10 bn Annual Ship Charter Market.

Maritime Agencies3 years ago

MAN, ORON: It’s Encomiums Galore From International Seabed Authority (ISA).

Transport3 years ago

MUAZU SAMBO: Showcasing Nigeria’s Maritime Potentials At The Global Arena

Politics2 years ago

2023 ELECTIONS:CILT Hosts Seminar on Logistics & Electoral Process

Maritime Agencies2 years ago

MAN, Oron, Kick-starts Simulator-based Training, Commends FG, NIMASA.

Maritime Agencies3 weeks ago

Lilypond Export Command Is Meeting Expectations, Handles 70% of Nigeria’s Total Tonnage of Export Cargo, says CAC Odusanya.

Shipping Position2 years ago

BENIN SEAPORT UPDATE: Edo State Government, Host Communities, Conduct Bidders To Inspect Project Site.

Photospeak3 years ago

Photo News: Salah Celebration

Maritime Agencies2 years ago

PUBLIC RELATIONS:  New Image Maker Mounts the Saddle at NPA.

Customs2 years ago

MARAN Salutes DCG Adeniyi On His Elevation  As Customs Comptroller-General.

Maritime Agencies2 years ago

MAY DAY: NPA Should Give Us Reasons To Celebrate, Says COMTUA.

Photospeak3 years ago

PHOTO NEWS: Maritime Capacity Development

Oil & Gas3 years ago

WAR AGAINST OIL THEFT: Tompolo’s Company Nabs VLCC Laden With Crude Oil

Advertisement
Realtime Website Traffic

Trending