Headlines
Amaechi, Bello-Koko make contradictory claims over Lekki port rail connectivity project.

—stakeholders say statements conflicting, confusing, worrisome
Opeyemi Adesogbon
The Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko and his principal, Rotimi Amaechi, the Minister of Transportation, have both been making conflicting statements on the true status of rail connectivity project of Lekki deep sea port.
About a week ago, the Minister, while on the tour of the multi- million dollars project, in company of the NPA MD and other dignitaries, had openly confessed that the Federal government lacks the financial capacity to embark on the rail connectivity of the port due to the paucity of funds.
“As a Minister of Transportation, I imagined a lot of things that I could have implemented’, he had said.
“I imagined that the Lagos-Calabar rail line would start from here, that was my imagination, but, the Lagos-Calabar rail project needs $11.1 billion funding but, there were no such funds at the moment for the project”, he lamented.
“If we get the 11.1billion as it is, we would probably have to divert the rail line, because Lagos-Calabar rail line actually goes into Lagos city, we can divert it to come to the seaport in Lekki,” he had stated.
In another breath, the Managing Director of the NPA, who was incidentally on the inspection teamof the Minister a week ago, made another statement this Tuesday on the same rail connectivity status of the Lekki deep sea port, which contradicted the position of the Minister,
While speaking during the President tour of the project Tuesday with Amaechi, Bello- Koko said the port will be connected to rail line, a claim which was diametrically opposed to what his principal said a week ago.
According to him, there was already a plan and the Minister of Transportation has given the Nigerian Railway Corporation a directive to carry out a survey on the possibility of linking the port to Lagos-Ibadan railway.
Stakeholders have however expressed concerns over what they described as “double speak” on both the two frontline government officials connected to the success of the project.
They alleged that the conflicting and contracdictory statements of both the Minister and the NPA MD have created doubts about the sincerity of government in linking the port to the rail line.
It could be recalled that Ameachi, after telling his host of the inability of government to carry out the rail connectivity project, advised the promoters of the Lekki deep sea port to invest on the rail connectivity with the port.
”Another advice I could give is if they want to invest, they can invest in rail and then the government will either do tax reduction or do something to help them”, the Minister had said.
Meanwhile, Ameachi has said the federal government will begin construction of Bonny Deep seaports after completion of the Lekki Deep Seaport.
He disclosed this Tuesday during President Muhammadu Buhari’s inspection visit of the Lekki Deep Seaport project in Lagos.
Amaechi, who further, disclosed that the reason the president came for the inspection was to publicize the project to Nigerians that, the government is building the first deep seaport in Nigeria.
“I am convinced that we would commence work in Bonny deep seaport before we leave Office. Also, Ibaka Deep Seaport has gotten government’s approval and we are fast tracking the approval of Badagry Deep Seaport, so they can also get their own approval.
“By the time we leave office, all those people who would have been granted approval are all private seaports. The only one that government will participate in its ownership is the Bonny seaport.
He, however, said that the deep seaports is almost ready as the cargo handling equipment will be ready in June while commercial operations will begin in September.
He said, “The reason for asking the president to come to Lekki Port, is to publicise the seaport so that people will know this Government is building the first deep seaport in Nigeria. The other ports in Nigeria are all river ports.
“The next reason for the president coming, is also to put the heat on them (promoters), you know that the port is almost ready, if not for the equipment, they can actually get this place ready before June, but they said the equipment are arriving by June,2022 and installation will take them till September and the it can be commissioned in September.”
“You see the miracle of bringing the president here, that is why it is important for a president to inspect projects, that will hasten the process of completion if there is money,” he said.
Speaking earlier, managing director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko, said the Lekki Deep Seaport, which has been under construction for years, would be ready for test run in September, after which the first commercial vessel can be received at the port.
According to him, the port is located on about 90 hectare of land, supposed to have three container terminals and will be the first automated port in Nigeria that will enable speedy clearing of goods.
Bello-Koko, who noted that the commencement of Lekki Port will reduce the rate of traffic at Apapa and Tin-Can Island Ports, said there will be Ship-to-Shore (STS) cranes that will enable faster processing of goods.
“Some of the businesses we have loss to other neighbouring West African countries due to draught limitation will be regained.
There will be employment creation and increase revenue for government. It will create competition and compel other terminal operators to up their games to reduce cargo dwell time at their terminals. Apapa and Tin-Can Island Ports have been operating far beyond their capacity which means that the excess cargoes that have been going there would be diverted to Lekki Port,” he explained.
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Economy
Prices of cooking gas to crash as federal government exempts LPG, allied products from Customs duty,VAT

The Federal government has directed that imported Liquefied Petrolium Gas(Cooking gas) and all its allied equipment like cylinders should be excepted from the payment of Customs duty and Valu-Added Tax(VAT).
This directive is expected to crash the galloping prices of the product which is being sold between N950 to N1200 per 1 kg
The Ministry of Finance disclosed this in a letter (dated November 28, 2023) to the Special Adviser to the President on Energy; the Comptroller-General of the Nigeria Customs Service (NCS); and the Chairman of the Federal Inland Revenue Service (FIRS).
According to the ministry, the exemption aligned with President Bola Tinubu’s commitment to enhance Nigeria’s investment climate, and promote clean cooking practices.
“In line with His Excellency, President Bola Tinubu’s commitment to improving the investment climate in Nigeria, increasing the supply of LPG to meet local demand, reducing market prices and promoting clean cooking practices, I hereby affirm Presidential directive dated July 29, 2022, with reference number PRES/88/MPR/99,” the letter reads.
“Accordingly, the importation of LPG utilising HS Codes 2711.12.00.00, 2711.13.00.00 and 2711.19.00.00 is exempt from Import Duty and Value-Added Tax. Consequently, the Importation of LPG shall incur a 0% duty rate and 0% VAT rate, effective immediately.”
The ministry instructed the NCS and FIRS to comply with the directive pending its official gazetting. \
Also, the ministry directed the NCS to comply with the presidential directive, dated July 29, 2022, and withdraw all debit notes issued to petroleum marketers who have imported LPG “using codes 2711.1.2.00.00 and 2711.13.00.00 from August 26, 2019, to the present date”.
Other items exempted from VAT and duty payment are LPG cylinders, LPG cascades, gas leak detectors, steel pipes, steel valves and fittings, LPG dispensers, gas generators, LPG trucks, among others.
Before now, 7.5 per cent VAT was slammed on the product which made its prices in the market to hit the roof.
Headlines
Maritime media charges federal government on disbursement of controversial CVFF

The Eyewitness Reporter
Worried by the stalemated disbursement of the controversial Cabotage Vessel Finance Fund (CVFF) which has lingered for so long, the League of Maritime Editors (LOME) has urged President Ahmed Tinubu to expedite action on the release of the funds to trigger the development of indigenous shipping industry.
The group also called for urgent rehabilitation of collapsed critical port infrastructure at the nation’s seaports.
The President of LOME, Timothy Paul Okorocha, made these calls at the League’s 25th anniversary held in Lagos on Wednesday, with the theme ‘Harnessing Nigeria’s Potential in Marine & Blue Economy’,
While congratulating President Bola Tinubu for the further unbundling of the Ministry of Transportation and the establishment of the Ministry of Marine and Blue Economy, Okorocha appealed to the President to exercise the required political will to push further by ensuring that the routine talk about the rehabilitation of collapsed critical port infrastructure receives urgent executive attention.
“As development partners, the League looks forward to the effective participation of the respective agencies in the current administration’s renewed agenda template; and wants to see the Nigerian Ports Authority move away from the ritual of endless talk and lamentations into doing the needful, the reconstruction of broken down asset and infrastructure,” he said.
Also worried by the lingering delayed disbursement of the CVFF, the League further urged President Ahmed Tinubu to provide the Minister of Marine and Blue Economy, Adegboyega Oyetola, and his ministry, the needed impetus to bring to an end, the unending rat race of the disbursement of the CVFF, saying that the fund established since 2003 would jump-start a new lease of life for the capacity development of indigenous ship-owners.
He added that this would enable Nigeria to participate meaningfully in seaborne trade; especially with the proposed commencement of the implementation policy of the blue economy.
The LOME President noted the genuine struggle by the Nigerian Maritime Administration and Safety Agency (NIMASA) and its leadership, especially under the present administration to disburse the CVFF but observed that the efforts suffered political disruptions.
“As insiders, the League over the years has seen the genuine struggle by the Nigerian Maritime Administration and Safety Agency (NIMASA) and its leadership, especially under the present administration to disburse the CVFF in its commitment to grow local capacity building, but observe the otherwise disruptive tendencies within the field of political play.
“We appeal to Mr. President to use his good offices to prevail on the relevant authorities to respond to the needs of our industry as there can be no better time than now,” he said.
Speaking on the theme of the conference, Doctor Charles Okoroefe of Nigeria Maritime University also hailed the unbundling of the transportation ministry which he said was a misnomer.
He has decried the untapped potential of marine resources, especially in the area of tourism in Nigeria, regretting that marine tourism is lacking in Nigeria unlike in Gambia and the Caribbean where marine tourism is a major source of income where marine tourism rakes in billions of dollars.
“Egypt made about $14 billion in tourism from the Nile in 2022,” he added.
“People troop in into the Bahamas. Do we (Nigeria) have the potential? Yes. But the question is how prepared are we?” he queried.
He stressed that marine tourism is a solution in terms of job creation and that the time has come for Nigeria to progress from potential to actuality.
“So talking about job creation. All of these elements I mentioned are potential areas for job creation because it is a major issue in Nigeria today.
” A lot of young people are jobless. Meanwhile, we have an area that is green where a lot of jobs can be created.
“So I think we have to look at that potential area of driving our marine and Blue Economy,” Okoroefe stated.
He also called on the Ministry of Marine & Blue Economy to synergise with the Ministry of Agriculture to harness the potential of the sea.
“So, I believe the Ministry of Marine and Blue Economy has to synergise with the Ministry of Agriculture and also harness exotic seafood for export,” he explained, saying we cannot be depending on imports alone.
He urged the ministry to look at other fundamental seafood we have in excess that we can process through the rivers for export.
The marine expert regretted that Nigeria still imports palm oil from Malaysia, the same people who came to Nigeria to learn how to plant seedlings and today Nigeria is importing palm oil from Malaysia, “these are exportable items. So I believe the Ministry of Marine has to do a lot.
“With the Ministry of Agriculture for instance, with the Ministry of Power and the Ministry of Tourism, these are resources that we need to address in order for us to develop and come out of potential to thrive. On our ocean and marine resources, we’ve been talking endlessly.”
Headlines
Tantita refutes, describes allegation of oil theft by Navy as libelous, defamatory

The Eyewitness Reporter
Following an allegation of involvement in the alleged oil theft incident against Tantita Security Services Limited by the Nigerian Navy, the security outfit has described the accusation as laughable and an attempt by the Navy to cover up the truth.
The security outfit, which has received widespread commendation for its efforts in combatting the menace of oil theft in the country, debunked accusations of any involvement of its operatives in the incident while lampooning the Navy for underestimating its operatives.
Reacting to the development, the Executive Director – Operations and Technical, Tantita Security Services Nigeria Limited, Capt. Warredi Enisuoh in a statement described the Navy’s claim as “defamatory and libelous”.
The statement said: “The activities going on inside the Nigerian Navy’s FalconEye should be investigated as the ship was only a few kilometers off the coast of Ondo State, well within view of the Nigerian Navy’s FalconEye, but they never reacted”.
“We are indeed saddened and disappointed that the Nigerian Navy could descend so low as to make such bizarre accusations against our organisation, knowing the same to be false,” he added.
“Perhaps they are not aware that video evidence of what transpired between the Tantita operatives and the Nigerian Navy at the scene exists and has been transmitted to the highest authorities.
“We will therefore not join issues with the Nigerian Navy as we are well aware that Nigerians know who is who.”
It would be recalled that the activities of Tantita and other security outfits have saved the country a whopping $43.2m from oil theft daily.
Recalled that on Thursday, December 7, 2023, the Nigerian Navy had disclosed that 17 people said to be engaged in the illegal siphoning of crude oil in Ondo State were nabbed aboard a 77-meter-long Motor Tanker (MT) VINNALARIS 1 Lagos.
Navy spokesperson, Commodore Adedotun Olukayode Ayo-Vaughan, disclosed in a statement, saying the suspects were nabbed at the Forward Operating Base (FOB) Igbokoda in the early hours of Thursday.
However, a day later, the Navy turned around to accuse Tantita Security Services Limited (TSSL) of complicity in the incident.
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