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CONMMEP Cautions Minister Oyetola on NNSL Rebuilding Initiative*

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*CONMMEP Cautions Minister Oyetola on NNSL Rebuilding Initiative*

 

 

The Congress Of Nigerian Maritime Media Practitioners (CONMMEP), has issued a cautionary statement to the Honourable Minister of Marine and Blue Economy, Gboyega Oyetola, urging him to avoid the pitfalls observed in Hadi A. Sirika’s failed bid to resucitate the defunct Nigeria Airways in the implementation of the Blue Economy initiative.

 

 

 

 

 

 

 

In a comprehensive analysis following the Minister’s recent public speech at the just concluded Stakeholders’ Roundtable on Advancing Sustainable Development in Nigeria’s Marine and Blue Economy in Lagos and specifically on the rebuilding of the Nigeria National Shipping Line (NNSL), CONMMEP expresses apprehensions over lack of specificity in the government’s plan, particularly in capturing the $10 billion ship charter market.

 

 

 

 

 

 

 

The Association highlightes concerns arising from the Minister’s emphasis on the re-establishment of the Nigerian National Shipping Lines (NNSL) without providing concrete details on its implementation strategies, leaving stakeholders in the dark about the actual mechanisms for achieving the initiative’s objectives. Vague terms like “substantial share” and “strategic PPP arrangement” were identified as lacking transparency and requiring further clarification and only makes it all look high falutin in all considerations.

 

 

 

 

 

 

 

 

CONMMEP in a statement signed by its President, Alhaji Tunde Umar-Daniah, questions the Minister’s claim that the initiative would not impede local players’ growth, raising concerns about potential negative impacts on existing businesses. The fact of omitting the conflicts or challenges associated with giving Nigerians exclusive control over locally generated seaborne trade especially in light of the recently signed African Continental Free Trade Area- AfCFTA presents some measure of uncertainty.

 

 

 

 

 

 

 

 

The neglect of older and retired seafarers who served the NNSL for over 28 years was highlighted, emphasising a lack of inclusion in the Minister’s plan. Also, the absence of a comprehensive cost-benefit analysis have left many stakeholders confused and rather in head-scratching mode about the potential financial implications and risks associated with such a venture.

 

 

 

 

 

 

 

CONMMEP criticises the haphazard selective invitation of Maritime stakeholders, non official inclusion of all the litoral States and other relevant organisations like the Nigerian Navy to be a wrong start coupled with the shoddy organisation and juxtaposition of dignitaries from one seat to the other at the event.

 

 

 

 

 

 

 

 

Despite linking it to the President’s priorities, the speech neither provided a clear timeline for implementation nor did it establish a direct connection between the national shipping line and these priorities, thus creating a disjointed narrative.

 

 

 

 

 

 

 

The press statement notes that the speech leaned heavily on the benefits of Public-Private Partnership (PPP) models without addressing potential pitfalls or challenges associated with this approach.

 

 

 

 

 

 

CONMMEP also emphasises that the speech which hints at innovation through PPP models failed to outline specific measures for its implementation.

 

 

 

 

 

 

 

Anticipations of substantial job opportunities, the statement added, lacked a detailed plan on job creation or sustainability and is without clear metrics to measure the initiative’s success.

 

 

 

 

 

 

 

Indeed, the focus on utilising Inland Rivers, Lakes, and Waterways for cargo shipment and passenger transportation was noted, but details on safety measures and strategies to mitigate these risks were also lacking, potentially risking accidents or mishaps leaving stakeholders uncertain about the ability to address unforseen challenges.

 

 

 

 

 

 

 

Finally, since government is a continuum, it will be advisable for the Honourable Minister to revisit what his predecessor did in this regard. The former Minister of Transportation, Mu’azu Jaji Sambo, did set up a committee involving two ministries-Ministry of Transportation and the Labour Ministry respectively. The said committee was charged with the responsibility of carrying out physical verification exercise of the aged Seafarers, which if well managed would bring some sort of succour; but with this recent speech, the story is still the same. It is indeed unfortunate to note here that the said committee never met since it was set up by the last administration.

 

 

 

 

 

 

CONMMEP therefore urges the honourable Minister, Oyetola to address these concerns promptly and transparently to ensure the success and sustainability of the NNSL rebuilding initiative and the holistic growth of the Marine and Blue economy.

 

CONMMEP Cautions Minister Oyetola on NNSL Rebuilding Initiative*

McAnthony Onuoha
CONMMEP P.R.O

Business

Energy sector: Plot to discredit heads of regulatory agencies uncovered

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**Energy sector: Plot to discredit heads of regulatory agencies uncovered

There is a subtle plot by some individuals, acting in cahoots with some members of the House of Representatives, to discredit heads of regulatory agencies in the energy sector.

This newspaper reports that the motive of the scheme is to put the heads of the agencies under intense pressure, distract them from performing their duties and thus set set the stage for their sack on grounds of non-performance.

Available information said that the plot was orchestrated by a member of the House from the South who has become infamous for blackmail, intimidating and manipulating agencies in the guise of oversight responsibility.

He has been leading his committee members by the nose in the grand conspiratorial alliance to extort money from the agencies of government in furtherance of some selfish agenda.

This newspaper reports that there have been some mutterings by some of the commiitee members who have realised that the actions of their chairman are far from being motivated or inspired by patriotism.

Some members are pissed off with the committee chairnan’s reported boast about his ability to sway them with “just a few dollars.”

Meanwhile, reports have confirmed that the committee chair has been trying to “double deal” and has, in the process, come under intense rebuke by the regulators.

This newspaper quoted a source to have said that “evidence has been recorded’.

However, This newspaper had yet to get a copy of the recorded evidence as of the time of publication.

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Dangote, NNPC Spat: Shareholders Condemn Demarketing of Dangote Refinery

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Dangote: NANS Write President Tinubu Over mismanagement Of CTIN Funds (Video)

Dangote, NNPC Spat: Shareholders Condemn Demarketing of Dangote Refinery

 

 

 

Shareholders have strongly defended Africa’s foremost industrialist, Aliko Dangote over the on-going petroleum product supply controversies, while criticising the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, for deliberate attempt at demarketing Dangote Petroleum Refinery & Petrochemicals.

 

 

The shareholders under the aegis of Pragmatic Shareholders Association of Nigeria (PSAN) in a statement signed by its National Coordinator, Mrs. Bisi Bakare, expressed dismay over the recent allegations from the petroleum regulatory agency regarding the quality of diesel produced by Dangote Petroleum Refinery.

The NMDPRA boss Farouk Ahmed has faced the backlash after suggesting that the diesel produced by the $20 billion Dangote refinery is of inferior quality compared to imports into the country.

Bakare commended Dangote for his visionary approach in establishing one of the world’s largest refineries in Nigeria. She highlighted Dangote’s commitment to national development, stressing his patriotism and resolute character through substantial investments like the refinery.

“Dangote has ensured that the bulk of his business investments are local, contributing significantly to economic development through tax payments, extensive job creation, and consistent returns for shareholders,” she added.

The shareholders group strongly condemned what they termed as “unwarranted efforts to demarket the refinery” by regulatory bodies. They cautioned that such actions could deter both local and international investors and undermine government efforts to stabilise fuel prices and ensure availability.

“We must rally around Dangote Refinery,” Mrs. Bakare urged, “to provide crucial support such as crude oil allocation, cooperation from international oil companies, and regulatory agency collaboration.” She stressed the refinery’s potential to save Nigeria over 30% in foreign exchange currently spent on offshore refining, which could significantly alleviate the country’s foreign exchange challenges.

“As shareholders,” Mrs. Bakare affirmed, “we remain steadfast in our support of Alhaji Aliko Dangote’s vision to bolster the nation’s economy and create more opportunities for our citizens.”

PSAN is the latest to join the growing list of Nigerians rallying support for Dangote in the ongoing standoff. Prominent figures and associations such as the President of the African Development Bank Group (AfDB), Akinwumi Adesina; billionaire businessman, Femi Otedola; federal lawmakers; former Vice President and 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar; former Anambra state governor and 2023 Labour Party presidential candidate, Peter Obi; Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA); and the Manufacturers Association of Nigeria have all voiced their support for Dangote Refinery.

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EXCITING PRIZES TO BE WON WITH FIRSTBANK VISA GOLD AND VISA INFINITE CARDS IN THE 2024 SUMMER CAMPAIGN

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EXCITING PRIZES TO BE WON WITH FIRSTBANK VISA GOLD AND VISA INFINITE CARDS IN THE 2024 SUMMER CAMPAIGN

EXCITING PRIZES TO BE WON WITH FIRSTBANK VISA GOLD AND VISA INFINITE CARDS IN THE 2024 SUMMER CAMPAIGN

FirstBank, the West African premier financial institution and financial inclusion services provider announces its continuous VISA Cross Border and Summer campaign in partnership with VISA. The campaign, which commenced on 1 April 2024, is set to run until 31 August 2024 as a rewarding initiative for existing VISA Gold and VISA Infinite cardholders and prospective customers.

 

 

 

Throughout the campaign, 502 lucky Visa Infinite and Visa Gold cardholders will win $50 gift vouchers. 2 cardholders will enjoy an all-expense-paid trip for two to the Olympic Games in Paris, France. The promo offers an excellent opportunity for cardholders to enjoy the premium benefits of using their FirstBank VISA cards while standing a chance to win fantastic rewards.

 

EXCITING PRIZES TO BE WON WITH FIRSTBANK VISA GOLD AND VISA INFINITE CARDS IN THE 2024 SUMMER CAMPAIGN

 

To qualify for this exciting offer, Visa Infinite and Visa Gold cardholders must spend $500 and above in at least six transactions during the campaign period.

 

 

Speaking on the promo Chuma Ezirim, the Group Executive E-Business and Retail Products, FirstBank said, “We are excited to reward our loyal customers and users of FirstBank Visa Infinite and Visa Gold cards, whilst also welcoming new customers through this campaign. This promo underscores our commitment to reward our customers with innovative and impactful offerings designed to enhance their banking experience.

“We appreciate Visa for the partnership as we deliver value and create memorable experiences for our customers.”

The FirstBank Visa Gold card is an international premium credit card issued in partnership with Visa International. It is a US Dollar-denominated card secured by chip and PIN technology, ensuring both convenience and security for users.

On the other hand, the FirstBank Visa Infinite card is the pinnacle of the Visa card range, targeted at High-Net-Worth Individuals. This card offers an extraordinary selection of exclusive travel, dining, shopping, and lifestyle opportunities, providing unparalleled benefits to its holders.

 

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