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Who is Afraid of a Maritime Regulator?* By Philip Agbese

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In the vast expanse of commerce and industry, the term regulation elicits a multifaceted response, precipitating a dichotomy of opinions. On one hand, regulation is perceived as a vital mechanism to ensure a level playing field, safeguard consumer interests, and maintain market integrity. Conversely, it is often met with trepidation and apprehension, particularly by those who fear the potential consequences of increased costs, bureaucratic red tape, and interference with business operations.

 

 

This dichotomy is presently unfolding in Nigeria’s maritime industry, where the proposed Nigeria Shipping and Port Economic Regulatory Agency Bill has sparked a contentious debate among stakeholders. The maritime industry, aptly referred to as the lifeblood of global trade, is characterized by its intricate complexity, involving a diverse array of stakeholders, including shipping companies, port authorities, and regulatory bodies. As a critical component of Nigeria’s economy, it facilitates international trade and contributes substantially to the country’s Gross Domestic Product (GDP).

Notwithstanding its importance, the maritime industry operates in the absence of a dedicated regulator, raising concerns regarding the standardization of practices, safety protocols, and environmental sustainability. Moreover, the industry is not immune to challenges such as unfair pricing practices, arbitrary charges, and inefficiencies in port operations, underscoring the need for effective regulation.

However, the question remains: who is afraid of a maritime regulator, and why? Is it the fear of increased costs, the potential for bureaucratic interference, or the apprehension of change in a traditionally unregulated industry? As the debate rages on, it is essential to consider the benefits of regulation, including enhanced safety standards, improved efficiency, and a level playing field for all stakeholders. Only then can we address the concerns of those afraid of a maritime regulator and chart a course for a more robust and sustainable maritime industry.

To provide a comprehensive response to this query, it is essential to elucidate the role of a regulator. In its essence, a regulator serves as a vigilant watchdog, ensuring that industry participants conform to established rules and standards, thereby maintaining a level playing field and promoting a culture of compliance. This function is crucial in any industry, but it assumes even greater significance in sectors like maritime, where the stakes are exceedingly high and the potential for malpractice is substantial.

A maritime regulator can play a pivotal role in ensuring fair and transparent pricing practices, safeguarding shippers from arbitrary and exorbitant charges, and promoting efficiency and productivity in port operations. These outcomes can, in turn, lead to reduced shipping costs, stimulate trade, and ultimately drive economic growth and development.

The recent proposal for a bill to regulate shipping in Nigeria has sparked anxieties and apprehensions among some stakeholders regarding the creation of a new agency and the potential for increased governance costs. While these concerns are understandable, they belie the significant economic benefits that a well-designed regulatory framework can bring to the maritime industry, including enhanced safety standards, improved efficiency, and increased investor confidence.

However, this fear is misplaced and stems from a lack of understanding of the critical role regulators play in fostering economic growth and development. By establishing clear rules and standards, regulators can promote competition, innovation, and investment, ultimately leading to a more robust and sustainable industry.

Regulators play a vital role in any industry, and their presence has been instrumental in promoting economic efficiency, safety, and innovation across various sectors. To fully appreciate the significance of a maritime regulator, it is essential to examine the economic benefits that regulatory oversight has yielded in other industries. Across various sectors, the presence of regulators has proven instrumental in fostering transparency, enhancing consumer confidence, and mitigating systemic risks, thereby contributing to the overall stability and growth of industries.

By ensuring compliance with established standards and regulations, regulators have played a crucial role in attracting investments, stimulating economic development, and promoting market integrity. In the financial sector, for instance, regulatory authorities have been instrumental in upholding banking and investment standards, thereby bolstering market integrity and minimizing the occurrence of fraudulent activities. The Central Bank of Nigeria (CBN), for example, has ensured stability and soundness in the financial system through its regulatory actions.

Similarly, in the telecommunications industry, the Nigerian Communications Commission (NCC) has played a pivotal role in regulating the sector, leading to increased competition, improved service delivery, and significant economic growth. The presence of regulators in these industries has not only enhanced consumer protection but also promoted innovation, efficiency, and competitiveness, ultimately contributing to the overall development of the economy. Also, in the healthcare industry, regulatory bodies have played a vital role in ensuring the quality and safety of pharmaceutical products, thereby inspiring consumer trust and fostering innovation. The regulatory framework has created an environment where manufacturers are held to high standards, resulting in improved product reliability and effectiveness. This, in turn, has boosted consumer confidence and driven innovation, leading to the development of new and improved treatments.

Likewise, the Nigerian Electricity Regulatory Commission (NERC) has played a crucial role in the power sector, ensuring that operators adhere to stringent safety standards and promoting investment in the industry. NERC’s regulatory oversight has created an environment conducive to growth, attracting investors and driving innovation in the sector.

These examples highlight the positive correlation between effective regulatory oversight and economic prosperity, emphasizing the need for a similar framework in the maritime industry. The maritime industry is not immune to the benefits of regulation, and the need for a regulator is long overdue. The industry has been plagued by inefficiencies, corruption, and a lack of standardization, leading to increased costs and reduced competitiveness. The introduction of a regulator will help address these challenges, promoting economic efficiency and growth in the industry.

The regulator will establish clear guidelines and standards, ensuring that operators comply with safety protocols and environmental regulations. This will create a level playing field, promoting competition and innovation, and driving economic growth in the industry. Moreover, the regulator will provide a framework for dispute resolution, protecting the interests of consumers and operators alike. By establishing a regulatory framework, the maritime industry can unlock its full potential, contributing significantly to Nigeria’s economic development.

Across a wide range of industries, regulators play a vital role in fostering economic growth and stability. They establish clear rules of the game, ensuring fair competition and protecting consumers from bad actors. In the maritime sector, effective regulation is essential for:

 

The establishment of a robust regulatory framework can markedly enhance maritime safety by setting and enforcing stringent standards for ship construction, maintenance, and operation. This significantly reduces the risk of accidents and environmental damage, thereby protecting precious lives and property. Moreover, regulations can effectively address security concerns, such as piracy and terrorism, by implementing measures to prevent and respond to such threats.

Efficiency and Productivity:

Regulations can play a vital role in streamlining operations and improving efficiency in the maritime industry. By establishing standardized procedures and documentation, regulators can substantially reduce administrative burdens, expedite the movement of goods, and facilitate the seamless execution of maritime transactions.

Investment and Innovation:

A clear, predictable, and well-defined regulatory environment can attract significant investment to the maritime sector. Investors are more likely to be willing to invest in an industry where the rules are transparent, well-defined, and enforced, thereby fostering a climate of confidence and stability. This, in turn, can lead to innovation and the development of new technologies that can further improve efficiency, safety, and environmental sustainability in the maritime industry.

 

The establishment of a maritime regulator has the potential to transform the industry’s dynamics, cultivating a culture of accountability, compliance, and innovation. By establishing clear guidelines for vessel operations, cargo handling, and environmental protection, a maritime regulator can significantly enhance operational efficiency, reduce the incidence of maritime accidents, and minimize environmental degradation. Furthermore, regulatory oversight can create a level playing field for industry participants, curbing unfair practices and promoting healthy competition, ultimately benefiting consumers and the global economy at large.

If, as some stakeholders claim, the proposed maritime regulatory bill is merely a bureaucratic exercise with no tangible benefits, then their concerns are understandable. However, the potential benefits of a well-designed regulatory framework are substantial and cannot be overstated. The question that arises, therefore, is who is truly afraid of a maritime regulator?

The development of a maritime regulatory framework is a complex and intricate undertaking, requiring careful consideration and expertise. It is crucial to get it right, as a poorly designed regulatory framework could have the unintended consequence of stifling growth and innovation, while a well-designed framework can deliver significant economic benefits, driving growth and development in the industry.

In order to effectively address the concerns of stakeholders, the Nigerian government can adopt a transparent and inclusive approach to developing the regulatory framework, affording stakeholders the opportunity to provide input on the proposed regulations. The government should also clearly articulate the objectives of regulation and the enforcement mechanisms, ensuring transparency in decision-making and implementation.

To mitigate the risks of corruption, the regulatory agency should be established with robust governance structures and clear lines of accountability, ensuring transparency in decision-making and enforcement. By weighing the potential costs of a new maritime regulatory agency against the potential benefits, it becomes evident that the benefits of improved safety, security, efficiency, investment, and innovation far outweigh the costs, leading to increased economic growth and prosperity for Nigeria.

The fear of a maritime regulator is misplaced, and the industry requires regulation to promote economic efficiency, safety, and innovation. The implementation of a maritime regulator is not a cause for fear; rather, it represents a crucial step towards ensuring the sustainability and integrity of the global maritime industry. By drawing parallels with the economic benefits of regulatory oversight in other sectors, it becomes evident that a maritime regulator can catalyze positive transformation, fostering a conducive environment for growth, innovation, and responsible practices.

In conclusion, the Nigerian government should not be swayed by the anxieties of some stakeholders, as the potential benefits of a well-designed maritime regulatory framework far outweigh the costs. The industry will experience significant growth and development with the presence of a regulator, and the Nigerian maritime industry has the potential to be a major driver of economic growth. Therefore, we must embrace the proposed shipping regulatory bill and support the establishment of a maritime regulator. Embracing the presence of a maritime regulator is not just a regulatory imperative; it is a strategic investment in the future of maritime trade, one that holds the potential to yield far-reaching economic and societal benefits.

Agbese is the Deputy Spokesman, 10th House of Representatives writing from Abuja.

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NEW BPP DG COMMITS TO EFFICIENCY AND STAFF WELFARE FOR IMPACTFUL SERVICE DELIVERY

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NEW BPP DG COMMITS TO EFFICIENCY AND STAFF WELFARE FOR IMPACTFUL SERVICE DELIVERY*

*_…begins review of bureau processes to enhance government procurement systems_*

The Director General of the Bureau of Public Procurement (BPP), Dr Adebowale Adedokun, has outlined his vision to drive efficiency, enhance staff welfare, and reinforce the Bureau’s regulatory mandate in alignment with President Bola Ahmed Tinubu’s renewed hope mandate and his commitment to improving Nigeria’s economy. This was made known during an interactive session with staff of the Bureau at the State House Banquet Hall on November 20, 2024. Dr Adedokun emphasised the urgency of delivering results as well as improving trust in the government procurement system to support President Bola Tinubu’s Renewed Hope Agenda, declaring, “Let us work together to get value for money for Nigeria’s developmental processes and achieve President Tinubu’s mandate of making Nigeria’s economy better.”

Furthermore, in a bid to strengthen operational efficiency, the DG also announced key reforms, including introducing Service Level Agreements for the bureau’s processes ensuring that letters are treated within 3 (three) days, and ensuring reports are completed within 14 (fourteen) days. He also highlighted plans to secure a sustainable budget that would improve the working environment and provide better welfare for staff.

Dr Adedokun firmly stated the Bureau’s resolve to uphold its regulatory integrity under his watch. He warned that officers are prohibited from visiting Ministries, Departments, and Agencies (MDAs) unless on official assignments stressing the need for officers of the Bureau to stay above board. He further declared that contractors are no longer allowed within the Bureau’s premises to ensure that officers can perform their duties without undue interference and influence.

Calling for a collaborative approach, the DG urged staff to embody the Bureau’s regulatory values by adhering to procurement guidelines, avoiding delays, and striving for excellence. “As a regulator, you must be seen to be guided by the procurement process,” he stated. He assured the team of an open-door policy, encouraging innovative ideas that could propel the Bureau to greater heights.

The session also featured a visit from former DG, Engr. Emeka Ezeh, OFR, FNSE, who led the Bureau from 2009 to 2016. Engr. Ezeh commended President Tinubu for appointing Dr Adedokun and urged staff to provide their full support to the new leadership. He encouraged staff to focus on leaving a legacy of excellence, saying, “Work in a way that you will be celebrated wherever you go in life.”

Senior Directors, including Engr. Nasir Bello and Engr. Isaiah Yesufu reiterated the importance of supporting the DG’s vision while emphasizing adherence to the Bureau’s operational guidelines. Staff also welcomed the session, sharing their perspectives on improving the Bureau’s operations and pledging their support for the new leadership.

In a related development, Dr Adedokun sought collaboration with the Presidential Office of Digital Engagement and Strategy (PODES) led by its Head, Mr O’tega Ogra, who is also the Senior Special Assistant to the President on Digital/New Media, during a courtesy visit to his office on November 21, 2024. The DG emphasized the need to enhance the Bureau’s public engagement and visibility in line with the all-of-government communications approach being espoused by the PODES.

Mr Ogra congratulated Dr Adedokun on his appointment and highlighted the key role BPP plays in advancing Nigeria’s development agenda. O’tega further expressed his commitment to collaborating with the Bureau in amplifying its communication efforts and ensuring Nigerians understand and appreciate its critical role in national governance.

Dr Adedokun’s leadership marks a new chapter for the Bureau of Public Procurement, focused on accountability, efficiency, and impactful service delivery. His vision aligns seamlessly with the Federal Government’s goals of economic transformation and sustainable development as well as President Bola Tinubu’s renewed hope agenda.

Janet McDickson
Director, Information & Public Relations/Head, Media-BPP

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Abducted Rivers bizman rescued, suspected robber arrested

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Abducted Rivers bizman rescued, suspected robber arrested

 

The Rivers State Police Command said its men rescued a businessman identified as Julius Madabuchi, who was kidnapped by a four-man gang at a filling station in the Oyigbo Local Government Area of the state.

The police said the man was abducted when the miscreants who were driving in a Black Toyota car stormed the area and started shooting discriminately before executing their plan.

The rescue of the man, the police said, followed a distress call sent to the command control room about the activities of the hoodlums on November 17 and immediately mobilised operatives to the scene, saying the abductors engaged the police in a shootout.

The spokesperson for the state police command, Grace Iringe-Koko, disclosed this in a statement issued in Port Harcourt, Rivers State capital, on Wednesday.

 

The statement reads, “On the 17th of November, 2014, at about 2023hrs, operatives of the command received a distress call from the Room indicating that a gang of armed men numbering about four operating in a Black colour Toyota Corolla car shot sporadically and kidnapped one Madabuchi Julius at Sabbath Filling Station, Oyigbo.

“Operatives were swiftly mobilised to the scene and the hoodlums on sighting the police operatives drove off, but they were given a hot chase by the operatives and subsequently intercepted along Egbu Street, Oyigbo and a gun duel ensued between the operatives and the hoodlums.

“The hoodlums could not withstand the police’s superior firepower and eventually abandoned the victim and their operational vehicle with registration number RIVERS PHC 938 AH and escaped. The victim was rescued unhurt and the vehicle recovered. He has since reunited with his family.”

 

The state police image maker however said an investigation is ongoing while concerted efforts are being intensified to apprehend other fleeing members of the gang and recover their operational weapons.

In a related development, Iringe-Koko said the following day, precisely on Monday, operatives of the command acted on credible information, coordinated a covert operation at the St Lorinta Street, Oyigbo and arrested one Gabriel Morris, aged 25, at Mercy Ground in Kom-Kom, Oyigbo LGA of the State.

The state police spokesperson stated, “During interrogation, the suspect confessed to being a member of a syndicate that had been terrorising Oyigbo and its environs in recent times.

 

Iringe-Koko, a Superintendent of Police, listed items recovered from the suspect including one locally made pistol and a quantity of weeds suspected to be Indian hemp.

She added, “Investigation is ongoing, while concerted efforts are intensified to apprehend other fleeing members of the syndicate.

“This successful operation further demonstrates the effectiveness of the Rivers State Police Command in combating kidnapping and all other forms of crime in the state.”

 

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Celebrate Your Wins, No Matter How Small-Prudent Ludidi

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Those who wronged you may never say "I'm sorry" - Prudent Ludidi

Celebrate Your Wins, No Matter How Small-Prudent Ludidi

 

Today, I want to talk about something incredibly important, yet often overlooked: celebrating our wins. Yes, you heard that right – celebrating our wins, no matter how small.

We live in a world that constantly pushes us to achieve more, be more, and do more. We’re always striving for the next goal, the next milestone, the next achievement. And while ambition is great, it’s equally important to acknowledge and celebrate the small victories along the way.

Think about it. How often do you achieve something amazing, only to dismiss it as “not a big deal” or “just part of your job”? How often do you downplay your successes or attribute them to luck rather than your hard work and dedication?

Here’s the thing: every win, no matter how small, is worth celebrating. Every achievement, no matter how insignificant it may seem, is a testament to your strength, resilience, and determination.

Celebrating your wins does several things. Firstly, it boosts your confidence and self-esteem. When you acknowledge your achievements, you remind yourself of your capabilities and potential.

Secondly, celebrating your wins helps you stay motivated and focused. By recognizing your progress, you’re more likely to stay committed to your goals and keep pushing forward.

Thirdly, celebrating your wins fosters a positive mindset. When you focus on what you’ve achieved, rather than dwelling on what’s still to be done, you cultivate gratitude, happiness, and contentment.

So, how can you start celebrating your wins?

Start small. Write down three things you’ve accomplished each day before bed. Share your achievements with a friend or family member. Treat yourself to something special.

Celebrate the tiny victories: finishing a difficult project, trying a new recipe, or simply making it through a tough day.

Celebrate the milestones: landing a new job, running a marathon, or graduating from college.

And celebrate the moments in between: learning a new skill, making a new connection, or taking a much-needed break.

Remember, celebrating your wins isn’t about being arrogant or boastful. It’s about acknowledging your hard work and dedication. It’s about recognizing your worth and value.

Don’t wait until you’ve achieved something “big” to celebrate. Celebrate every win, no matter how small. Celebrate every achievement, no matter how insignificant it may seem.

You are worthy of recognition. You are worthy of celebration. And you are worthy of acknowledging your own strength and resilience!

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