Headlines
Deep blue project gets big boost

The Honorable Minister of State Federal Ministry of Budget and National Planning, Prince Clem Agba signed on behalf of Nigeria, while the Ambassador Extraordinary and Plenipotentiary of Japan to Nigeria, His Excellency Kazuyoshi Matsunaga signed on behalf of the Japanese Government, with the Director-General of NIMASA Dr Bashir Jamoh in attendance.
Prince Agba noted that the procurement of the High-Speed Boat worth $2.78 million will greatly enhance the operations of the Deep Blue project.
“This project to strengthen the operations of NIMASA will definitely strengthen the partnership between the Government of Japan and the Federal Republic of Nigeria.”
“Nigeria also appreciates the recent exchange of notes we signed for Emergency Improvement of Electricity Supply Facilities in Abuja, and the role Japan played in the development of the National Power Development Master-plan designed to guide the Government on the optimal energy mix and efficiency for Nigeria”, the Minister said.
On his part, the Director-General of NIMASA, Dr Bashir Jamoh, assured the Japanese Government that the Agency working with relevant stakeholders will ensure the sustainability of the recent success in the war against piracy in Nigerian waters and the Gulf of Guinea.
“This High-Speed Boat is a welcome addition to our growing arsenal of platforms and assets to reinforce service for coastal security, not only in Nigeria but also in the Gulf of Guinea, as over 60% of shipping activities in the region pass through Nigerian waters”.
“This vessel will be incorporated into the Deep Blue project which already has 2 special Mission Vessels; 2 Special Mission Aircrafts; 3 Special Mission Helicopters; 10 Unmanned Air Systems and vehicles; 17 fast-moving interceptor boats; 16 armoured vehicles and the C4i centre.”
Ambassador Matsunaga Kazuyoshi noted the project is to support the measures adopted by the Nigerian Government to deal with the threat of the blue economy, to prevent and suppress piracy, armed robbery, and any other unlawful act against ships in Nigerian waters.
The Ambassador said “in the Gulf of Guinea, as you know, the piracy problem is hindering the economic development of the coastal areas. A slowdown in economic development impoverishes the coastal population, forcing some of them into piracy for their livelihood. We need to break this vicious cycle.”
Economic and Social Development is one of the guiding principles of the Tokyo International Conference on African Development, TICAD.
Economy
Buhari, Jonathan, Obasanjo, Babangida, Abdusalami, Osinbajo, Atiku, others to spend N13.8billon from N27.5 trillion 2024 budget

The Eyewitness Reporter
The Federal government has earmarked the sum of N13.8 billion in the 2024 budget as the cost of upkeep of
former presidents, vice presidents, heads of state, Chiefs of General Staff, retired heads of service, permanent secretaries, and retired heads of government agencies and parastatals.
The beneficiaries include former Presidents Olusegun Obasanjo, Goodluck Jonathan and Muhammadu Buhari, ex-vice-presidents Atiku Abubakar, Namadi Sambo and Prof Yemi Osinbajo.
Also expected to benefit from the windfall are ex-military Heads of State, General Yakubu Gowon and General Abdusalami Abubakar, as well as a former dictator and self-styled military President, General Ibrahim Babangida, and a former Chief of General Staff, Commodore Ebitu Ukiwe (retd.).
Also, N1tn was provisioned for the public service wage adjustment for government Ministries, Departments and Agencies (including arrears of promotion and salary increases, and payment of severance benefits and minimum wage-related adjustments).
A breakdown shows that the entitlements of former presidents/heads of state and vice presidents/chief of general staff will cost N2.3bn. At the same time, N10.5bn is proposed as benefits for retired heads of service, permanent secretaries and professors.
The payment of severance benefits to retired heads of government agencies and parastatals is proposed to cost N1bn.
Other allocations include N65bn for the Presidential Amnesty Programme for the reintegration of transformed ex-militants; N1bn for the Office of the Presidential Adviser on Energy; and N108bn for unnamed special projects.
The government is also proposing the sum of N40bn to offset electricity debts owed to power distribution companies by all MDAs.
President Bola Tinubu unveiled the N27.5 trillion budget estimates for the 2024 fiscal year.
The budget was presented to a joint session of the National Assembly on Wednesday, where it is currently undergoing scrutiny and deliberation for final approval.
In his presentation, he declared, “The 2024 Appropriation has been themed the Budget of Renewed Hope.
The proposed budget seeks to achieve job-rich economic growth, macro-economic stability, a better investment environment, enhanced human capital development, as well as poverty reduction and greater access to social security.
Customs
News Alert: Wale Adeniyi revives CG conference, holds 2023 edition December 13-15 in Lagos.

Headlines
Ukraine blocks Russia’s reelection bid at IMO council elections

The outcome is another blow for Russia after it failed in its bid to return to the UN’s top human rights body in October, in an election seen as a key test of Western efforts to keep Moscow isolated.
Last year, Moscow also failed to win enough votes for re-election to the UN aviation agency’s governing council.
The London-based International Maritime Organization (IMO) is responsible for regulating the safety and security of international shipping and preventing pollution and comprises 175 member state countries.
Russia has been a member since 1958 and has been consistently re-elected to the IMO Council.
With voting on Friday, 40 countries were elected by secret ballot to the IMO Council, which supervises the work of the body.
In October, Russia said the IMO was departing from its impartial role due to “external pressure” which it said was impacting the fair treatment of all member countries.
-
Customs3 months ago
Shake-up in Customs as Apapa, Tin Can, Seme, KLT commands get new Area Controllers
-
Headlines1 month ago
Shippers’ Council admits error in process leading to hike in terminal charges, promises to review the increase
-
Customs3 months ago
Adewale Adeniyi: The new Sheriff in Customs.
-
Customs3 months ago
Customs deactivates defaulting authorized dealer banks , as Adeniyi vows to cleanse duty collection process.
-
Headlines3 weeks ago
Port operations resume as maritime workers end 72-hour siege on Nigerian ports
-
Customs2 months ago
Customs, UN agency collaborate to fight smuggling