Commentaries
Nigeria’s Loss of IMO Seat: One Defeat Too Many
Last week Friday, Nigeria once again lost its bid to regain the Category C seat of the International Maritime Organisation (IMO) in a keenly contested election in London Headquarters of the world body.
Last weekend’s loss makes it the sixth consecutive failed attempt which Nigeria made to recapture the global crown it lost in 2011.
The latest loss was particularly painful and dramatic as the country lost against high expectations and hope for a better outing.
Disappointed stakeholders have since then been making wild guesses as to why Nigeria has consistently become a serial loser at the IMO Council seat elections.
While some believed that the maritime administration in Nigeria has not done enough to make the country merit a seat to dine with serious maritime nations in the world, others believed the loss was an unfair reflection of efforts of the present management of NIMASA to shore up our maritime fortunes.
Not a few stakeholders gave Nigeria a chance to clinch the coveted position which it narrowly lost to Kenya by one vote in 2019.
Nonetheless, we are saddened by this latest loss given the level of improvements we thought our maritime administration has recorded in recent times.
Before this time, the previous losses have mainly been attributed to the notoriety of Nigeria’s waters for pirate attacks as well as the shambled state of our ship registry.
Our Search and Rescue operations were also blamed while the poor level of compliance of port infrastructures to the ISPS code was not spared.
But in recent times, the present management of NIMASA led by Dr Bashir Jamoh has shown uncommon commitment and courage to tackle these challenges.
We can recall that incidents of pirate attacks on our waters drastically reduced early this year due to the collaborative efforts of NIMASA with the Navy.
The notorious Gulf of Guinea was calmer in recent times due to the conscious collaborative efforts and strategic partnership which Nigeria had with foreign Navies whose presence has helped to reduce the incidence of piracy in the region.
The International Maritime Bureau (IMB) even acknowledged this feat in its quarterly assessment reports.
Incidents of piracy in the first nine months of 2021 are the lowest reported in 17 years.
This represents 77 percent decrease in incidents between 2021 and 2020 and 95 percent reduction from 2018. “The IMB also reported a 39 percent reduction in piracy and armed robbery incidents in the Gulf of Guinea (GoG),” said Jimoh.
To complement its security efforts on Nigerian waters, NIMASA launched an operation of a modern and sophisticated security architecture known as Command, Control Computer Communication and Information System(C4i).
This is to create maximum security, strong surveillance as well as low freight costs that will boost the confidence of investors and port users.
Also, the NIMASA management took a bold step to revamp the ship registry which has for some years been a disincentive for ships to fly Nigeria’s flag.
On the ISPS code compliance level of Nigerian Ports facilities, the United States Coast Guards (USCG) commended NIMASA as the Designated Authority (DA) over the improved compliance level attained by the country which was rated at 90 percent.
The Search and Rescue operations of the agency have recorded significant milestones in recent times with its rescue operations to salvage distressed ships, passengers, and crew members.
To put the icing on the cake, the Federal Government, early this year, launched the multi-billion dollars security apparatus called deep blue project which was a revolutionary security architecture to sweep our waters of criminal elements.
The project, being driven by NIMASA, involves all other security agencies whose personnel are equipped with the sophisticated hardware and assets acquired under the project to engage criminals on our waters and keep our waters safe.
The international community even commended this security initiative which it confessed has considerable calming effects on the raging Gulf of Guinea.
With all these efforts to improve maritime security and Safety on our waters, which is the core function of any maritime administration in the world and for which Nigeria through NIMASA has acquitted itself, what more does the world want?
The efforts of the incumbent NIMASA management in maritime security have even been acknowledged by the IMO when the body described Nigeria as the most improved maritime nation in the sub-region.
Why then are all these efforts by Nigeria not rewarded with a victory at the IMO elections?
As far as we are concerned, Nigeria lost the elections to grand international conspiracy and criminal gang-up by her jealous and ingrate neighbours.
We are not by any means suggesting that our challenges in the maritime industry are over.
On the contrary, we still need to firm up on some other key areas of administration and operations to put the industry on a sound footing, especially the grey areas identified in the audit exercise by the IMO.
But our position is that, unlike the previous defeats which Nigeria has suffered since 2011, the current loss is most unjustified and unkindest cut given the sincerity of purpose of Jamoh- led management in its reformation agenda in the industry aimed at correcting some of the administrative and operational lapses that had hitherto caused our failures at the IMO Council elections.
Despite this loss, however, we would like to commend Nigeria nay NIMASA for fighting a good battle.
They have put up a good show.
To us Nigeria didn’t lose as a result of administrative ineptitude and operational laxity as some critics may want us to believe but instead, we lost to bad international politics heavily steeped in “bad belle”.
We want to encourage Jamoh and his team not to be despondent nor allow their fighting spirit to be dampened as a result of this defeat which to us, was “against the run of play”.
Rather, the management should go back to the drawing board and commence immediate preparations for the next IMO council elections in 2023.
The defeat should also spur NIMASA to improve on its current drive to reform the maritime industry that will make us break the chains of defeat in subsequent elections.
Commentaries
Dapo Okubadejo – Visionary leader poised for greater responsibilities in Ogun State
Olufemi Orioye
As the political landscape of Ogun State continues to evolve with an eye on the 2027 general elections, one name that is increasingly being highlighted as a strong contender for the Deputy Governorship seat is Honorable Dapo Okubadejo, the Economic Adviser to Governor Dapo Abiodun and the state’s Commissioner for Finance.
Okubadejo has, over the past few years, proven his exceptional leadership, financial expertise, and unwavering commitment to the development of Ogun State.
His strategic vision and remarkable track record make him not just a key player in Ogun’s economic progress but also a potential catalyst for even greater growth under the leadership of Senator Solomon Adeola as the incoming governor of the Gateway state
A Financial Maestro with Proven Expertise
Honourable. Dapo Okubadejo’s journey into public service began with an impressive academic background and a career that spans several years in both the public and private sectors.
As the Economic Adviser to Governor Dapo Abiodun and the Commissioner for Finance in Ogun State, Okubadejo has demonstrated remarkable financial stewardship, steering the state’s economic activities with a blend of innovation, accountability, and transparency.
His ability to manage the state’s finances during times of economic uncertainty, alongside his strategic thinking and problem-solving skills, has earned him the admiration of his colleagues and the public alike.
Role in Ogun State Government
Since joining the Ogun State government in 2019, Okubadejo has been a key figure in shaping the state’s economic policies.
-He leads the state’s economic management team
-Oversees budgeting, revenue generation, and fiscal planning
-Helps design and implement economic reforms and development strategies
-His work has focused on improving internally generated revenue, attracting investment, and strengthening financial governance in the state.
One of his notable achievements has been his role in stabilizing the state’s revenue generation systems.
Under his leadership, Ogun State has witnessed a remarkable improvement in internally generated revenue (IGR), reducing reliance on federal allocations.
Okubadejo through his intellectual prowess with his financial expertise has increased the state internal generated revenue from the paltry sum of twenty million naira annually before the current administration to almost three hundred million naira annually while the state’s annual budget of its former four hundred and fifty million naira has also increased to over one trillion naira within seven years in office
This feat has not only enhanced the state’s financial autonomy but has also allowed for greater flexibility in executing developmental projects aimed at improving the lives of residents.
His work on creating a more efficient budget system has allowed Ogun State to channel resources towards key infrastructural projects, education, and health initiatives, creating a ripple effect that benefits the state’s entire economy.
With the forthcoming 2027 elections in sight, Okubadejo’s financial acumen is seen as a valuable asset in managing the economic demands of the state, making him a strong candidate for the deputy governorship role
Who is Dapo Okubadejo?
Dapo Okubadejo is a Nigerian financial expert, investment adviser, and politician who plays a central role in the economic management of Ogun State.
He currently serves as the Commissioner for Finance and Chief Economic Adviser to Governor Dapo Abiodun, positions he has held since 2019.
Background and Education
Okubadejo was born in Ogun State, Nigeria, and hails from Ijebu Ode.
He studied Agriculture at Obafemi Awolowo University and later earned a master’s degree in International Finance from the University of Glasgow.
Professional Career
Before joining government, he built a distinguished career in global finance:
He started at Arthur Andersen in 1992, rising to senior management
He became an Equity Partner at KPMG by serving as Head of Deal Advisory and Private Equity for West Africa and later Africa
Okubadejo worked extensively on corporate finance, mergers and acquisitions, and investment advisory across multiple sectors
He is widely regarded as an expert in international finance, project finance, and investment strategy, advising both governments and private investors
Reputation Within policy and business circle
Okubadejo is known for his technical expertise, strategic thinking, and strong background in global finance.
His influence in Ogun’s economic planning has made him one of the most prominent technocrats in the state’s administration.
In simple terms, Dapo Okubadejo is a top financial strategist in government, combining private-sector experience with public service to manage and guide Ogun State’s economy.
A Vision for Ogun’s Future
Okubadejo’s approach to governance has always been rooted in the vision of a prosperous and self-reliant Ogun State.
His involvement in strategic economic planning has positioned the state to be one of the top economic hubs in Nigeria.
His work on the Ogun State Development Plan, a comprehensive blueprint designed to take the state into the next decade of growth, is a testament to his long-term vision.
In recent years, Okubadejo has worked closely with Governor Dapo Abiodun to champion initiatives that will diversify the state’s economy beyond its traditional agricultural base.
He has been a vocal advocate for the growth of the state’s industrial and technological sectors, recognizing that sustainable growth will depend on the development of these critical industries. Under his guidance,
Ogun has attracted both local and international investors, with the state’s manufacturing and technology parks seeing significant expansions.
His forward-thinking policies also emphasize the empowerment of local entrepreneurs and the creation of an environment conducive to innovation.
These initiatives not only stimulate job creation but also lay the foundation for a more resilient economy in the face of global challenges.
Strong Leadership with Community Focus
What sets Okubadejo apart from other political figures is his focus on the people.
He has consistently emphasized the need for governance that listens to the aspirations of the citizens and aligns policies with their needs.
In his various roles, Okubadejo has worked tirelessly to improve the welfare of the average Ogun resident, prioritizing education, healthcare, and infrastructure development.
His leadership style is centred on collaboration and inclusivity.
Whether it’s working with other government officials, the private sector, or the general public, Okubadejo believes in building consensus and fostering unity.
His focus on transparency has earned him the trust of both the government and the people, a crucial quality for anyone seeking to hold a high office.
As the Economic Adviser to Governor Abiodun, Okubadejo has acted as a bridge between the state and its international partners, bringing in crucial investments and resources that have accelerated Ogun’s development
His ability to navigate the complexities of global economics while staying grounded in local needs has set him apart as a visionary leader with the kind of global perspective necessary for Ogun to thrive in the coming years.
A Partnership with Senator Solomon Adeola
With the selection of Senator Solomon Adeola as the Ogun State APC gubernatorial candidate for the 2027 elections, the stage is set for a formidable partnership between two leaders who are committed to the state’s prosperity.
Adeola’s wealth of experience in the Senate, coupled with Okubadejo’s financial expertise, presents a strong combination capable of driving Ogun’s next wave of development.
Okubadejo’s deep understanding of state finances, paired with Adeola’s experience in federal legislative matters, makes them a powerful duo in the pursuit of greater infrastructure, job creation, and economic development in Ogun
The synergy between the two would create a dynamic team ready to confront the challenges of governance with confidence and competence.
A Bright Future for Ogun State
As the 2027 elections draw near, Ogun State’s political landscape looks set for transformative changes.
Honourable Dapo Okubadejo’s potential as the next Deputy Governor is undeniable.
His solid record in public service, combined with his clear vision for the future, makes him a fitting choice for a leadership role that demands both experience and foresight.
With Okubadejo at his side, Senator Solomon Adeola would undoubtedly have a reliable partner to help push Ogun State to even greater heights.
Their combined efforts promise a prosperous, self-reliant Ogun State that will be a model for other regions to follow.
In conclusion, as Ogun State prepares for the 2027 elections, one thing is certain: Dapo Okubadejo stands out as an exceptional leader ready to take on greater responsibilities and continue his journey of service to the people of Ogun State.
His appointment as Deputy Governor would not only be a reward for his dedicated service but also a step toward securing a brighter future for all Ogun residents.
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