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Now That Moghalu Has Lost

Eyewitness reporter

George Moghalu, the Managing Director of National Inland Waterways Authority (NIWA) was among the 14 candidates who contested the All Progressive Party (APC) governorship primary for the November 6th  governorship elections in Anambra state.

At the party’s Anambra state primary election held last week, Moghalu came a distant third, losing the APC ticket to Senator Andy Uba.

According to the results announced Sunday, June 27th, 2021 at Golden Tulips Hotel, Agulu Lake, the NIWA boss garnered 18, 596 votes to come a distant third to Senator Uba, who grossed 230, 201 votes, thus putting paid to the ambition of Moghalu to govern Anambra state, at least in the next four years.

We are not by any means celebrating the electoral defeat of the NIWA boss nor gloating over the temporary setback in his electoral fortunes.

But what the Anambra people may have lost in denying Moghalu the APC ticket to vie for the highest position in the state, is now the NIWA gains.

We believe that now that Moghalu has lost in his ambition to run the state, at least at this period, he would now give maximum concentration to the administration of inland waterways in the country.

Chief Moghalu, a core member of the ruling party, was appointed as the Managing Director of NIWA in October 2019 to replace Senator Olorunbe Mamora who was appointed as the Minister of State for Health.

Until his appointment in 2019, Moghalu was the  National Auditor of his party.

Stakeholders claimed he was a reluctant NIWA boss as he still had his eyes firmly fixed on politics and how to fulfil his ambition to become the governor of Anambra State at the time he took over in 2019.

His action and miens betrayed his political ambition even while he reluctantly assumed duties at the Lokoja headquarters of the agency.His political ambition, which he could barely conceal, even at the early stage of his tenure, divided his attention and impaired his performance in the discharge of his core duties as NIWA boss.

The harvest of avoidable mishaps on the waterways, lack of will power by NIWA to enforce standard and regulations on the operators clearly showed management which lacked commitment and focus.

The failed state of some of our River ports, the under-utilisation of Onitsha Rivers Port, which one thought could have engaged his attention for obvious reasons, was also a pointer to leadership with divided interests.

The lifeless nature of NIWA’s leadership got to an alarming proportion when the waterways began to witness almost daily mishaps.

Stakeholders, who were concerned by the apparent lack of commitment and focus of NIWA leadership, began to voice out their trepidation over gradual decay and rot on our waterways.

They blamed lack of will to enforce regulations, safety, standard, and lack of regulation such as overloading, night voyage, rickety and old craft as causes of mishaps on the inland waterways.

The erstwhile President of Nigerian Shipowners Association (NISA), Alhaji Aminu Umar,  believed that enforcement of safety and standard on the nation’s inland waterways is weak.

“I think the task of NIWA  is to standadise safety conditions and procedures on the nation’s waterway.

“There is no standard applied on the movement of people as all kind of boats are being used. It is important that we standardise because lack of safety and standard will increase accident.”

Umar was also alarmed at the unregulated movement of barges with passengers boats which he said was accidents in waiting, blaming it on the lack of weak regulatory powers of NIWA.

He said it’s a huge risk allowing badges moving containers around the port area to be moving side by side with boats moving passengers and vessels approaching the Lagos Ports.

“Moving people and containers at the same time is a huge risk and a safety concern. NIWA and the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA), should see to this,”

Another concerned stakeholder, a professor at the Lagos Business School, Dr. Frank Ojadi,  was alarmed at the level to which the Nigerian inland waterways has deteriorated.

He said it was shameful that the nation’s Inland waterways are in ruins and left to rot away instead of being a catalyst for development.

” The Inland Waterway Transport was the platform on which the colonial masters built Nigeria before the railway. It is a shame that it has been left to decay. That is how we do things in this country,” he said.

Also speaking, a member of the Association of Nigerian Licensed Customs Agents (ANLCA), Kenneth Nwachukwu, asked why it was so difficult for NIWA to enforce the banning of night sailing, use of life jacket and overcrowding of boats?

“That the MD is unable to ban night sailing, use of life jacket and overloading is another testament that a lot still needed to be done to clean-up our inland waterways”.

The alarm raised by these stakeholders was an eloquent testimony to the level of loose control from the leadership of NIWA and this could be the function of lack of commitment and focus.

That is why stakeholders said the loss of Moghalu in the APC primaries, though painful, was a blessing for NIWA.

They believe the loss will now afford Moghalu ample time to focus on how to direct the affairs of NIWA to achieve maximum efficiency.

“Now that he has lost, he should concentrate on the job he is being paid for,”  an angry operator on the nation’s inland waterways said.

“We urge him to pay more attention on how to enforce standard and safety on the waterways to forestall further loss of lives and properties on the waters” another stakeholder interjected.

The stakeholders believed the relative calm and safety on the Lagos waterways was largely due to the activities and purposeful leadership of the Lagos State Waterways Authority (LASWA) which has been proactive, focused and committed in its quest to enforce discipline on the waterways.

“If left for NIWA, the Lagos waterways could also have witnessed the similar harvest of mishaps as the case in other parts of the country,” another operator said.

“NIWA has practically gone into a coma under its present management as the activities of the agency are not being felt going by the regular mishaps that happen on our waterways where it is now free for all for all kind of boats and crafts whose operators have no or little regards for standard and safety,”  an expert in the industry said.

It is therefore the general wish of all stakeholders that Chief Moghalu, now that he has lost the Anambra state APC primary election, would give his assignment at NIWA the utmost priority, maximum and committed attention it deserves in order to bring order and sanity to the nation’s waterways.

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Analyses

The trillion naira vault: Building political-proof ports for Nigeria

The Monday Discourse with Ibrahim Nasiru focuses on the strategy to lock away the NPA’s port modernisation funds from the groping hands of the politicians in other to avert the calamity which befell the infamous Cabotage Vessels Financing Fund (CVFF)
Following up on the intense national discussion regarding the NPA’s ₦1.489 trillion revenue target, here is a preview of my analysis on how we can structurally lock this massive wealth away from bureaucratic hands.
We cannot allow the historic failure of the Cabotage Vessels Financing Fund (CVFF) to paralyze our economic imagination.
The solution to Port decay isn’t to stop collecting funds, but to change who holds the keys to the vault.
From deploying bankruptcy-remote SPVs to issuing local currency infrastructure bonds backed by pension funds, this piece outlines the exact financial engineering needed to modernize Apapa and Tin Can Island.
Watch out for the full analysis tomorrow.
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Analyses

The Anchor of Dependency: Rethinking Nigeria’s Port Financing Strategy

Monday Discourse with Ibrahim Nasiru
The recent Port Management Association of West and Central Africa (PMAWCA) conference in Lagos concluded with a dizzying array of multi-billion-dollar infrastructure promises.
 Amidst the boardroom handshakes and official communiques, a familiar theme emerged: West Africa requires tens of billions of dollars to build the “Ports of the Future.”
For Nigeria, a nation grappling with aging brownfield infrastructure and the pressure to fully optimize its deep seaports, the question of infrastructure is no longer about what to build, but how to pay for it.
 For decades, Nigeria’s approach to Port development has been tethered to a traditional anchor of dependency, an over-reliance on foreign loans, lopsided concession frameworks, and external development contracts.
If the nation is to truly unlock the economic sovereignty promised by the Blue Economy, it must critically re-evaluate its Port financing strategy, shifting away from debt-heavy models toward aggressive domestic capital mobilization and genuine structural reforms that address how we handle our internal maritime revenues.
Historically, major Port expansions in Sub-Saharan Africa have followed a predictable financial script.
A sovereign state secures a massive bilateral loan, frequently from foreign development banks, backed by state guarantees or the projected revenues of the Port asset itself.
 On the surface, this model delivers immediate gratification: shiny new gantry cranes, dredged channels, and modern breakwaters.
Below the surface, however, this architecture creates a cycle of financial vulnerability.
When Port assets are financed through rigid, foreign-denominated debt, the pressure to service that debt often overrides the Port’s primary economic mandate, which is to lower the cost of doing business.
High debt-servicing costs force Port authorities to maintain punitive tariff structures, expensive regulatory charges, and inflated berthing fees.
 Consequently, while the infrastructure appears world-class, the Port becomes economically uncompetitive, driving shipping lines to cheaper regional alternatives and defeating the purpose of the initial investment.
To break this loop, Nigeria must confront a glaring fiscal paradox sitting right inside its balance sheet: the architecture of the Nigerian Ports Authority’s (NPA) internal revenue framework.
 As revealed in recent National Assembly budget defenses under Managing Director Dr. Abubakar Dantsoho, the NPA is projecting a staggering ₦1.489 trillion in internally generated revenue (IGR) for the 2026 fiscal year, hot on the heels of generating nearly ₦2 trillion in 2025.
The agency is a financial powerhouse, generating enormous wealth from ship dues, cargo fees, and concession tariffs.
 Yet, because of rigid fiscal remittance laws, a massive chunk of this liquidity is swallowed directly by the federation’s Consolidated Revenue Fund (CRF) and swept straight into the Treasury Single Account (TSA).
The NPA is effectively treated as a cash cow to finance federal budget deficits rather than being allowed to legally retain and reinvest its own earnings back into the infrastructure that generates them.
Forcing an agency to remit massive sums to the federal treasury while simultaneously asking it to borrow foreign capital or beg for funding via the Central Bank just to dredge a channel or rebuild a collapsing berth is an unsustainable contradiction.
 True financial independence requires a sweeping legislative rethink of the Fiscal Responsibility Act to allow the NPA to establish a dedicated, ring-fenced infrastructure retention fund.
If the agency could legally retain just 20 to 30 percent more of its trillions in actual collections specifically for a Port Modernization Sinking Fund, it could fully self-finance the urgently needed overhauls of the 100-year-old Apapa Port and the decaying infrastructure at Tin Can Island without adding a single dollar of foreign debt to Nigeria’s sovereign balance sheet.
Furthermore, this internal liquidity could be used as equity to issue local currency maritime infrastructure bonds on the domestic capital market, allowing Nigerian pension funds to invest in an asset class that generates predictable, long-term, inflation-hedged cash flows.
Ultimately, breaking the anchor of dependency requires moving past the illusion that a nation must always look outward or borrow its way to maritime dominance.
True Port efficiency cannot coexist with a system that starves its primary trade gateway of operational liquidity in the name of national revenue extraction.
As Nigeria positions itself to capture the trade volumes of a developing continent, its leadership must realize that financial engineering is just as critical as civil engineering.
We must design financing models that allow the maritime sector to feed itself first before feeding the national treasury.
Until we cut the chains of debt-heavy external financing and reform our internal revenue retention laws, our Ports will not function as engines of economic liberation, but rather as highly sophisticated toll gates filtering both national wealth and foreign debt back to external creditors.
Chief Ibrahim Nasiru, a public affairs analyst, writes from Abuja
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Analyses

Beyond The Lagos Communique: Can West Africa’s $27 Billion Port Rhetoric Outrun Gridlock?

Ibrahim Nasiru
The Monday Discourse with NASIRU focuses on the take away from the just concluded PMAWCA board meeting in Lagos.
Last week, maritime leaders gathered in Lagos for the PMAWCA conference, celebrating a staggering $27 billion infrastructure boom and drawing up plans to replicate the seamless digital models of Rotterdam and Singapore.
But for the average importer, agent, or truck driver trapped in the chaos of Apapa or Tin Can, the disconnect is jarring.
West African Ports are masterful at planning, but historically abysmal at executing.
A multi-billion-dollar Deep Sea Port is just an expensive parking lot for containers if the surrounding rail and road infrastructure remains broken.
True competitiveness will not be won by the nation that signs the largest contract; it will be won by the nation that actually clears a container without corruption, extortion, or manual delays.
It is time to move past courtroom style policy curation and deploy an execution squad.
Read full details tomorrow on why West Africa’s maritime sector needs dockyard discipline over boardroom eloquence.
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