Headlines

Bello-Koko excites stakeholders with star performance

—-says Nigerian ports are still cheaper

—-as NPA remits over N89.9 billion in six months.

Eyewitness reporter

Mohammed Bello-Koko, the Acting Managing Director of Nigerian Ports Authority (NPA) has insisted that doing business at the Nigerian Ports is still cheaper despite the generally held belief in the industry.

Bello-Koko, who providence smiled on in May, 2021 when he was elevated to the position of the helmsman of the rich government parastatal following the indefinite suspension of Ms Hadiza Bala Usman, disproved this widely-believed myth when he presented his scorecard to the House of Representatives Committee on Ports and Harbour.

In his account of his performance within the six months of his stewardship, the Acting MD said that

NPA has raised its Internally Generated Revenue (IGR) between January and September 2021 by 120 percent.

According to documents he presented to the lawmakers, Bello- Koko said the NPA has also reduced its operating expenses by 20 per cent of its budget for this year.

“As at the end of September 2021, the Authority earned N256.28bn in IGR as against the expected N214.65bn (approved estimate N271.70bn) for the same period, representing a performance of 120% or 95% of its total annual budget for 2021.

“For operating expenses, as at the end of September 2021, actual spending stood at N55.10bn as against the budgeted figure of N65.49bn, comprising employees’ benefits, pension costs, towage services, supplies, repairs & maintenance, and other administrative overheads.

“This indicates a “savings” of N10.39bn or 85% performance of the approved budget of N87.32bn.

“Furthermore, in compliance with the quarterly remittance of its operating surplus to the Consolidated Revenue Fund (CRF) and provisions of the Finance Act 2020, the Authority has remitted the sum of N62.66bn to CRF for the year 2021 as of October 31, 2021, while a cumulative sum of N89.9bn has been transferred to the CRF in the last six months.

” At the current state of increased revenue drive, it is projected that the Authority will exceed its 2021 revenue projections and the projected transfer to the CRF for the year 2021 which is expected to be over N80bn, which would be the highest in the history of the Authority.

The NPA’s helmsman informed the House Committee that contrary to news reports insinuating that Nigerian ports are the most expensive in the sub-region, a study commissioned by the Authority with the support of UKAid in 2019, indicated that it is cheaper for general and container vessels to berth in Nigeria than in Ghana or Togo.

He explained that a huge chunk of what shippers or cargo owners spend to clear their consignments include terminal and freight charges paid to terminal operators and shipping companies, payments for customs duty, inspection services, haulage, insurance and other sundry trade levies and fees, which are outside the purview of the Authority.

“Aside from the towage dues which were reviewed in 2015, Port tariffs in Nigeria have remained same since 1993”, he said.

Following his assumption of office in May this year, the Acting Managing Director has taken deliberate steps to reposition the Authority to focus on cost-optimization and quality service delivery while maximizing business value for port operators and users.

Accordingly, the Bello Koko-led Management has focused on improving the overall efficiency of the country’s port industry.

To support the economic diversification agenda of the Federal Government through the promotion of non-oil exports, the Authority has partnered with the Nigerian Export Promotion Council (NEPC) for the establishment of third-party dedicated export terminals or export parks to be located in Lagos and Ogun states.

The initiative is aimed at the processing, packaging, and certification of exports under a one stop platform that houses all relevant agencies responsible for quality control and regulatory validation of exports before shipment.

“The objective is to enhance and fast-track Nigerian export cargo for shipment at the export parks without any further port clearance protocol.

“A pilot project has been established at the Lilypond Container Terminal in Lagos, while 10 other exports terminals are in the process of being certified in order to begin operations by 1st quarter of 2022” Bello-Koko declared.

The Authority, according to him, is in the process of consolidating its various electronic platforms under a unified port community system.

He listed some of the technology platforms which the agency uses to boost service delivery to include, Oracle Financials and Human Resources Planning, Enterprise Resource Planning (ERP), Revenue & Invoicing Management System (RIMS), e-Ship Entry Notice (e-SEN) and customs portal for online submission of bills.

Others are Hyperion budgeting, 3CI (Command, Control and Communication & Intelligence), Truck Call-Up Access Control, Harbours System Linked with the 3CI for harmonization of vessel operations.

“The Management agenda is to consolidate all the platforms into a single port community system to allow for ease of transaction and eliminate impediments associated with manual processes.

” It is noteworthy that, the International Maritime Organization (IMO) is providing technical aid to the Authority for the development of the Port Community System” the NPA helmsman declared.

To ensure immediate commencement of port Infrastructure & Rehabilitation, he told the lawmakers that the Federal Ministry of Transportation (FMOT) has constituted a Technical Committee with the purpose to identify the operational issues of the ports and assessing the state of the existing port Infrastructure starting with the ports in Lagos.

A technical consultant engaged for that study, he further disclosed, has already concluded the preliminary assessment of the ports.

“The NPA is already reviewing alternative sources of long term, low-interest capital for port infrastructure development by engaging reputable funding institutions like the African Development Bank, the Chinese Exim Bank and other Infrastructure Development Agencies.

“In addition, port terminal operators are also being encouraged to explore such windows to fund the rehabilitation of the facilities and port equipment with amortisation as an option of recouping investments.

“This is to ensure immediate commencement of rehabilitation of the ports and quay walls and also deeper drafts to accommodate large modern-day vessels,” Bello Koko said.

The first public action of the Bello Koko-led management was to rejig the implementation of the electronic call-up system for trucks (known as ETO).

It ensured all identified lapses associated with the system were addressed, particularly breaches observed while the Taskforce saddled with the responsibility of enforcing compliance was in charge.

Series of stakeholder engagements were held with the top hierarchy of the Military, the Nigerian Police, other security agencies, the Lagos State Government and other critical industry stakeholders.

The outcome of these engagements led to tremendous improvement in travel time along the Apapa port access roads in Lagos.

The Authority in conjunction with the FMOT also reached out to the Federal Ministry of Works on the timely completion of the reconstruction of Sunrise Bus Stop to the Mile 2 stretch of the Tincan Island Port corridor.

To complement the above, the NPA also launched “Operation Green” to remove and clear all illegal structures and shanties on the Apapa and Tincan Island Port access roads.

A great deal of success was recorded by this operation as exemplified by the resultant free flow of traffic to and from the ports.

The Authority is cashing on this success to embark on awareness and sensitization of port stakeholders to drum support towards the implementation of a sustainable policy on traffic decongestion along port corridors.

In this regard, the NPA has just procured twenty-four (24) motorcycles to be added to existing assets and in support of continuing collaboration and operations for better traffic management to the ports.

The agency is also making efforts to address identified areas of security vulnerabilities with the deployment of Electronic Access Control with Apapa and Onne ports as pilot projects, while procurement process has commenced for the full perimeter fencing of Tincan Island Port Area to further consolidate compliance with ISPS code.

Further compliance to ISPS code, especially as it relates to vulnerabilities of the port’s waterfront, Management has procured 13 units of Security Patrol Boats (SPB) ready to be deployed across all pilotage districts including the establishment of Marine Police units in Calabar and Delta ports where none currently exists.

“This would reduce incidents of attack on vessels around the port area and boost the confidence of the international shipping community to use Nigerian ports.

“To enhance efficient marine services, particularly monitoring and facilitation of communication with vessels, the management renovated the dilapidated Control Towers at both Apapa and Tincan ports and new communication gadgets have been installed to ensure prompt and effective communication with vessels coming into the port channels.

” This has led to significant improvement in harbour services as well as an increase in port revenue. In addition, various marine equipment like Pilot Cutters, Security Patrol Boats and Tug Boats are also being deployed.

“To improve cargo evacuation from the port and facilitate the quick return of empty containers to the port, the management has reviewed the modalities for registration and operations of barges.

” The new regulatory framework which includes a new Standard Operating Procedure (SOP) took effect from 1st September 2021.

“It provides for enforcement of the safety and operational standards including the requirement to install radio communication equipment on-board to facilitate the sharing of traffic information.

“Furthermore, the Authority is in the process of deploying an electronic call-up system for barges, similar to the one for trucks, to streamline their operations and movements. It has approved rates for barge operations which will ensure more revenue to the Government.

“Similarly, the Authority has supported the use of privately managed jetties as part of measures to optimize inland barge services at the port.

” This has encouraged barging as a model for the promotion of inter-modal transportation.

” The use of barges has taken some pressure off the roads. The movement of cargo by barge this year alone has recorded well over 200,000 TEUs.

“This has also generated huge employment opportunities; in stevedoring, terminal operations and other marine services.

” It also becomes another revenue stream to the Authority in particular and Government in general.

“To address the menace created by trucks carrying empty containers and to ensure that Nigeria is not made a dumping ground for empties, the Authority began to enforce the return of empties, where vessels are compelled to ship back at least 80% of the number of imports shipped in.

“To guarantee the safety of records and documentation, the NPA Management recently commissioned an ultra-modern and fully digitalized archival system of document preservation and storage”

Bello-Koko told the lawmakers that he has managed to steady the ship by running an inclusive style of administration along with regular consultation with relevant agencies of government and trade groups operating in the port.

It is no surprise that the current NPA leadership has won plaudits from industry stakeholders for focusing on costs optimization to shore up revenue accruable to the government, exploring alternative funding sources to address aging port infrastructure and repositioning Nigeria as the hub for maritime trade in Africa.

As 2021 winds down, feelers from the new administration suggest that all hands are on deck to ensure that the Authority remains a veritable and profitable national asset, even as the Bello Koko-led management shore up its responsibilities to customers under a business-friendly port system, without compromising on security.

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Headlines

Edward Osagie, NIMASA spokesman, shines at 2025 National Spokespersons’ Awards in Abuja

–— emerges outstanding spokesperson in Marine and Blue Economy sector

Funso OLOJO

Edward Omoruyi Osagie, the deep and baritone voiced spokesman for the Nigerian Maritime Administration and Safety Agency (NIMASA), has been crowned as the most outstanding spokesperson in the Marine and Blue economy sector.

Osagie, with a benign mien, emerged the best in this category during the Award ceremony of the 2025 edition of the “National Spokespersons’ Awards(NSAwards) held on Wednesday, April 16th, 2025 at Abuja Continental Hotel.

62 finalists were shortlisted for recognition across 21 competitive categories in this year’s edition of the competition.

Three spokespersons in the maritime industry participated in the final of the Award ceremony.

They included Edward Osagie, the Head of Pubic Relations Department of the Nigerian Maritime Administration and Safety Agency (NIMASA), Ikechukwu Onyemekara, General Manager, Corporate and Strategic Communication Department of the Nigerian Ports Authority(NPA) and Muyiwa Akande, Head of Public Relations unit of Sifax Group.

Osagie of NIMASA emerged a finalist in three categories which include Spokesperson of the year which happens to be the lead category, Outstanding spokesperson (crisis management – pubic sector) and Marine and Blue economy sector.

Olumuyiwa Akande also featured as a finalist in two categories such as Spokesperson of the year category and Marine and Blue Economy sector.

Onyemekara of NPA features as a finalist in the Marine and Blue economy sector.

However, at the final section, Osagie beat all the contestants in the Marine and Blue economy category to emerge a winner.

In other categories, the Head, Media and Publicity Unit of the Economic and Financial Crimes Commission, (EFCC), Mr. Dele Oyewale, a Deputy Commander of the EFCC, emerged Outstanding Federal Government Spokesperson of the Year, 2025.

Oyewale emerged winner in a highly competitive category that included Presidential Spokesman, Mr. Bayo Onanuga and Josephine Adokuru Mudasiru of the Federal Capital Development Authority, FCDA.

The Chairman of the award’s Adjudication Committee, Dr. Shaibu Husseini, while commending the nominees, emphasized that the selection process was rigorous and driven by merit.

Oyewale stood out for his infusion of finesse in strategic communication, skillful workmanship, impactful media engagements and consistency in the excellent projection of the EFCC’s image and in enhancing public understanding of the Commission’s mandate and activities.

Other winners from other categories include: Olufemi Soneye (NNPCL) as Distinguished Spokesperson of the Year (Oil and Gas), Nigerian Customs Service as Best Corporate Spokesperson Team, Kashifu Inuwa (NITDA) as Most Supportive CEO to Spokespersons (Public Sector), Femi Babafemi (NDLEA) as Outstanding Spokesperson (Security Services).

Soneye (NNPCL) beat ACP Olumuyiwa Adejobi of Nigeria Police, Igo Weli-Shell Petroleum, Olumuyiwa Akande, SIFAX Group and Osagie Edward-NIMASA to emerge Spokesperson of the Year.

In his remarks, Joshua Audu Gana, Member House of Representatives congratulated the organizers for identifying and rewarding the outstanding communicators across various sectors.

He lauded the winners for their professionalism and devotion and urged them to continue to strive for excellence in the roles they play.

The Special Guest of Honour, Chairman, House Committee on Media and Public Affairs, Hon. Akintunde Rotimi Jr, emphasized the need for institutions and organizations to involve spokespersons in policy formulation and decision-making processes, noting that spokespersons should be equipped with first-hand knowledge of key issues so as to enhance their effective and accurate public communication.

The National Spokespersons Awards is Nigeria’s foremost platform for celebration of excellence in public relations, strategic communication, and media management.

The award is an annual celebration of individuals and organizations that demonstrate professionalism, innovation, and impactful public communication.

Customs

Agricultural produce tops exports of 11,459 containers worth $986.4m through Apapa port in three months

Funso OLOJO / Gloria Odion

The export initiative programme of the present government led by President Bola Ahmed Tinubu is gradually gathering momentum as 11, 459 containers of export goods passed through Apapa ports in the first quarter of 2025.

This export goods were 5,568 containers higher than the 5,891 containers handled in the corresponding period of 2024.

The export goods, facilitated by the Lilypond export command of the Nigeria Customs service, was worth a whooping sum of $986.4m.

This amount was 300 per cent higher than $236.087m total value of exports which passed through the command in the corresponding period of 2024.

These figures showed an increase of $750.357m representing over 318 percent improvement in value over the corresponding period of 2024.

Addressing the press in his office while giving account of the export activities in the first quarter of 2025, Area Controller of the Lilypond export terminal, Comptroller Ajibola Odusanya, revealed that agricultural products of 2723 containers valued at $596.887m topped the pack.

This was followed by manufactured goods of $134.649m, solid minerals of $87.498 m and other category of exports valued at $18.156m.

“On the volume of trade, the command handled a total of 11,459 containers in the first three months of 2025 which is 5,568 containers higher than the 5,891 containers handled in the first quarter of 2024

“We classified the exports into four Agricultural products, manufactured products, solid minerals and others.

“Agricultural produce forms the highest with a total value of $596.887.111.51. This was followed by manufactured goods, which amounted to $329,915,256.,6, while solid minerals were 550,149,763.41. Others amounted to $9,488,166.26.

Agricultural produce for the first quarter of last year was $542,916.347.5,7 manufactured goods $134,649,364,25, solid minerals $87,498,802,44 and others $18,156,786.87.

“In the first quarter of 2025, our cumulative export value amounted to $986,440,397,78. This is more than 300 per cent higher than the $2.36,087,888.53 total value of exports through this command in the first quarter of 2024.

“Comparatively, this shows an increase of $750,352,509.25 representing over 318 per cent improvement in the value.”

Compt. Odusanya stated that the command recorded N7.13 billion under the Nigeria Export Supervision Scheme (NESS).

He also disclosed that the command strengthened collaboration with exporters by operating an open-door policy that ensures regular interaction and seamless export trade processing.

“Under NESS, which is a statutory payment to the Federal Government on all legitimate goods exported from Nigeria, the command recorded N7,131,463,779.25.

“The Q1 2025 NESS is almost 0.9 per cent higher than the N7,067,351,977.1 recorded under the scheme through our command performance in the first three months of 2024.

“The NCS as a service and the command in particular cannot work in isolation.

” We have always maintained robust engagements with our critical stakeholders and worked strategically with sister government agencies like the NDLEA, SON, NAQS, Police, NAFDAC and others.”

“In addition to collaborating with sister government agencies, I have strengthened our relationship with exporters through operating an open-door policy that ensures regular interaction and seamless export trade processing.”

“I am pleased to announce that user experiences of the LEXC under my watch have continually improved with the prospects of attracting more exporters to the Command and thereby contribute in no small way, the federal government drive for economic diversification through Export.

“Some Nigerian Exporters were among those celebrated by the service three months ago during the formal launch of the authorized economic operator (AED) scheme. For us, this is a testament to the growth of export in the country, especially those using Lagos ports to ship out their goods,” Compt. Odusanya declared.

Headlines

Stakeholders caution Nigeria over currency swap deal with China

— as CBN lists gains of trade policy

Gloria Odion

The Central Bank of Nigeria (CBN) has described the Nigeria-China currency swap deal as a transformative policy instrument that could significantly reduce shipping costs, enhance trade efficiency, and ease foreign exchange pressure in Nigeria’s maritime industry.

Speaking at a stakeholders’ breakfast meeting organized by the Maritime Reporters’ Association of Nigeria (MARAN) in Lagos on Tuesday, the CBN Governor, Mr. Olayemi Cardoso, stated that the agreement—originally signed in 2018 and recently renewed in December 2024—enables Nigerian and Chinese businesses to conduct trade directly in naira and renminbi, bypassing the U.S. dollar.

“The swap agreement simplifies the settlement of trade transactions in local currencies and reduces the pressure on Nigeria’s dollar reserves.

” This, in turn, lowers the cost of doing business and enhances the competitiveness of Nigerian trade,” Cardoso said.

The CBN Governor, who was represented by Mr Anthony Ogufere, Special Adviser to CBN Governor on Finance and Strategy, noted that China had become Nigeria’s largest trading partner by the end of 2024, accounting for about 35% of total imports and reaching a trade volume of $11.58 billion.

He added that the maritime sector, which handles the majority of Nigeria’s import and export activities, stands to benefit immensely through faster port clearance, improved trade finance instruments, and direct shipping links such as the Lekki Deep Sea Port—a Chinese-backed infrastructure project under the Belt and Road Initiative.

However, the CBN Governor acknowledged that several challenges still hinder the full potential of the currency swap framework.

Chief among them is Nigeria’s significant trade imbalance with China and the limited adoption of yuan-denominated transactions by Nigerian businesses.

He called for greater sensitization, policy coordination, and efforts to expand non-oil exports to China.

The CBN governor also acknowledged the fact that the currency swap deal is not yet popular among Nigerian business owners due to sparse sensitization and mobilisation of the business community.

Also speaking at the event, Mr. Martins Olajide, a representative of the Nigeria-China Strategic Partnership, presented a paper that offered a more cautious outlook.

He noted that while the swap deal provides short-term relief and smoother trade operations, it is not a sustainable solution to the naira’s persistent depreciation.

Describing the swap arrangement as “swapization,” Olajide warned that Nigeria’s economic vulnerability and dependence on imports—especially from China—undermines the true impact of the agreement.

He emphasized the need for structural reforms, particularly in industrialization, value addition, and local production.

“Without these changes, the swap deal may only reinforce economic dependence on China without solving the underlying issues,” he said.

In his opening remarks, the Chairman of the event and Chairman of the Customs Consultative Council (CCC), Aare Akeem Olarenwaju, decried the volatility of the naira-dollar exchange rate as a major cause of the skyrocketing cost of goods in Nigeria.

He called for greater public awareness of alternative currency options like the Chinese yuan.

“You can’t determine the price of goods within a few hours due to constant exchange rate changes.

“Today it’s ₦1,600 to a dollar, and in the next few hours, it could be ₦1,700 or ₦1,500. It’s the common people who suffer the most,” Olarenwaju lamented.

He commended the organizers for opening up conversations around trade, currency, and maritime development, urging media professionals to help educate the public on alternatives that could reduce the nation’s dependence on the U.S. dollar.

Earlier in his welcome address, MARAN President, Mr. Godfrey Bivbere, reaffirmed the association’s commitment to promoting dialogue on key economic issues.

While acknowledging the swap deal’s promise in reducing transaction costs and enhancing trade efficiency, Bivbere stressed the need for a balanced discourse.

“We are not only here to applaud progress but also to interrogate policy.

” We must understand both the positive impact and the underlying risks associated with China’s expanding economic footprint in Nigeria,” he said.

Bivbere urged stakeholders across the maritime, trade, and financial sectors to approach the Nigeria-China currency swap with critical insight, noting that sustainable benefits would only come through policies that protect national economic interests while encouraging growth and competitiveness.