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Kwankwaso condemns non- disbursement Of $350m Cabotage funds

Presidential candidate of the New Nigeria Peoples Party (NNPP), Sen. Musa Kwankwaso
The Eyewitness reporter
The Presidential candidate of the New Nigeria Peoples Party (NNPP), Sen. Musa Kwankwaso, has condemned the non-disbursement of $350million shipping intervention funds, also known as, Cabotage Vessels Finance Fund (CVFF), to shipowners.

Kwankwaso, who spoke in Lagos at a town-hall meeting on the Maritime Agenda for the politician, organised by the Prime Maritime Project ahead of the 2023 general elections, also expressed shock over the government’s failure to refloat the Nigerian National Shipping Line (NNSL), many years after it collapsed.

He, however, said to get the industry on its right footing, he will place the control of the nation’s maritime sector in the hands of stakeholders, if elected president in 2023.

According to him, the traffic congestion in Ijora and the Apapa port city was due to lack of planning for the future, saying the menace of gridlock from articulated vehicles in 21st Century Nigeria “goes to show that we rarely plan for the future.

“So many things have gone wrong with the industry. I can still remember the days of the Nigerian National Shipping Line (NNSL) with its beautiful ships flying Nigeria’s flag across the globe!

Why did it die? Why do we not have a replacement as the giant of Africa? What has become of the Cabotage Vessel Financing Fund (CVFF)?
“Why has it not been disbursed to the beneficiaries? From my little knowledge of the sector, a lot of questions are begging for answers!”

“In summation, the desired assistance to all importers of goods, manufacturers, including exporters and other ancillary stakeholders associated with port operations and management, will be guaranteed under our party’s regime, by the special grace of God.”

However, “having been here today, I have discovered that more work needs to be done in the sector.

” I am therefore using this forum to solicit your support so that I can emerge winner of the 2023 general election.”

He also condemned the underutilization and over-utilization of the Eastern and Apapa Ports respectively.

He said, “Lagos port system originally designed for a population of fewer than 50 million people in the 1950s with less than 20 million cargo throughput has remained almost the same for over 200 million population in 2022.

“Our government will look into constructing a rail line from both Apapa and Tin Can Island ports to a dry port area outside Lagos, where arrived goods should be domiciled for clearance in order to stop heavy trucks from causing gridlock in Lagos.
“We should also look into the possibility of opening other ports such as Warri, Port Harcourt and Calabar, among others, to decongest the Lagos port.”

Going forward, he requested the stakeholders’ forum to form the nucleus of the group that will design “a workable and actionable maritime sector reform template, which should include clearance of goods arriving at our ports within 72 hours, as done in other countries.”

Kwankwaso, also vowed to place the control of the nation’s maritime sector in the hands of stakeholders, saying “under our watch, maritime professionals will take charge of the maritime sector.”

According to him, “operators of the maritime industry know where it pinches the most and certainly has their insider perspective on how best to revamp the sector.

” We will continue to tap into that insider knowledge to have a better understanding of the challenges so as to continue to fine-tune our proposed policies.

“In the end, we must all agree that this very important sector must be back on its feet and must be given the chance to support the growth and development of our country in the overall interest of our citizens.”

He explained that though the NNPP has a robust economic blueprint, in which maritime and transport logistics are incorporated, his presence was due to his conviction that “maritime is a critical element to the growth, survival and prosperity of Nigeria.

“The maritime industry gave birth to our great party, the NNPP, so my being here is primarily to listen, appreciate and understand the expectations of maritime operators from me and our party should we eventually emerge winners of the 2023 general elections.

“Though I may not have been fully involved in the maritime sector to understand its nitty-gritty, my experience over the years as a former deputy speaker of the House of Representatives, former governor, former minister of defence and a former senator has availed me some basic understanding of the sector, especially some of its challenges.

Earlier, the Chairman of the occasion, Mr. Kunle Folarin, had enumerated the rot in the sector, regretting the incessant changes in the leadership of maritime regulatory agencies and the supervising ministry, which are often headed by appointees that have no knowledge of the industry, which adversely affects its growth.

This was also listed by the Prime Maritime Project, which said the series, which will be availed to all presidential candidates, was meant to extract a social contract from them on their plans and commitment to placing the maritime sector on the front burner as a major economic driver.

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Customs

Group confers “continental” award on Adeniyi over customs’ phenomenal revenue record

Adeniyi, CGC
Funso OLOJO
The Comptroller General of the Nigeria Customs Service, C.G.C Adewale Bashir Adeniyi, has been nominated and approved to be honoured with “The Continent Man of The Year 2024” Award by Board of Editors and Publishers of Continent magazine.
This resolution was announced by the spokesman of the group, Mr David Oladimeji, at the end of group’s meeting held on Friday, September 13th, 2024 in Abuja.
The meeting was organized by” The Continent “Magazine to deliberate on a personality and organisation deserving of the Award.
The Board’s attention was drawn to the statement made recently by former governor of the Central Bank of Nigeria (C.B.N) and sitting Governor of Anambra state, Prof Chukwuma Soludo,who told his constituents in Awka that the Customs and F.I.R.S have sustained the nation’s economy from collapse since February this year, when the NNPCL stopped remittance of statutory revenue to the Federation Account for onward disbursements to the three tiers of governments.
Oladimeji said “the Board noted that this is not an easy task to be achieved under the astute and dedicated leadership of C.G.C Adeniyi, considering the fact that the Customs and it’s officers have been perceived by the public as corrupt and fraudulent”
” In a bid to commend and encourage leaders of the customs and F.I.R.S as well as their lieutenants not to rest on their oars, the Board resolved to honour the C.G.C, his Command Controllers and Revenue Collectors who had made significant sacrifices and excelled in their national anti-smuggling, revenue collection assignments with “The Continent Man of The Year” and “Pillars of Nigerian Economy 2024″ Awards”
As plans are geared towards the  celebration of the international and national icons at a date to be announced soon, “The Continent” special edition will publish the profile and achievements of the deserving recipients that earned them recognition and honour.
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NIMASA secures support of Bank of Industry for enhanced capacity building in maritime industry

Funso OLOJO

The Nigerian Maritime Administration and Safety Agency (NIMASA) has broker a partnership with  the Bank of Industry (BOI) to enhance its capacity building effort in the maritime industry.

The Director General of NIMASA, Dr. Dayo Mobereola, represented by the Executive Director of Maritime Labour and Cabotage Services, Mr. Jibril Abba, made this disclosure during a visit by the Management of the Bank of Industry, led by Executive Director of Large Enterprises, Mrs. Ifeoma Uz’Okpala.

 He stated, “In addition to safety, security, and maritime labor, the Agency’s mandate encompasses capacity development aimed at growing the sector.”
He also reaffirmed the Agency’s commitment to collaboration as a vital tool for achieving its mandate.

“The aim is to actualize the vision of the Federal Government to reposition the maritime sector, especially with the creation of the Ministry of Marine and Blue Economy”, he said.

On her part, the Executive Director of Large Enterprises at BOI, Mrs. Uz’Okpala, affirmed the Bank’s readiness to support NIMASA.

She also emphasized the importance of collaboration in implementing a robust capacity-building initiative that will contribute to economic growth in Nigeria.

Bank of Industry Limited is Nigeria’s oldest and largest Development Finance Institution (DFI) currently in operation.

It is owned by the Ministry of Finance Incorporated (MOFI) Nigeria (94.80%), the Central Bank of Nigeria (CBN) (5.19%) and private shareholders (0.01%)

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Headlines

NIMASA secures support of Bank of Industry for enhanced capacity building in maritime industry

Funso OLOJO

The Nigerian Maritime Administration and Safety Agency (NIMASA) has broker a partnership with  the Bank of Industry (BOI) to enhance its capacity building effort in the maritime industry.

The Director General of NIMASA, Dr. Dayo Mobereola, represented by the Executive Director of Maritime Labour and Cabotage Services, Mr. Jibril Abba, made this disclosure during a visit by the Management of the Bank of Industry, led by Executive Director of Large Enterprises, Mrs. Ifeoma Uz’Okpala.

 He stated, “In addition to safety, security, and maritime labor, the Agency’s mandate encompasses capacity development aimed at growing the sector.”
He also reaffirmed the Agency’s commitment to collaboration as a vital tool for achieving its mandate.

“The aim is to actualize the vision of the Federal Government to reposition the maritime sector, especially with the creation of the Ministry of Marine and Blue Economy”, he said.

On her part, the Executive Director of Large Enterprises at BOI, Mrs. Uz’Okpala, affirmed the Bank’s readiness to support NIMASA.

She also emphasized the importance of collaboration in implementing a robust capacity-building initiative that will contribute to economic growth in Nigeria.

Bank of Industry Limited is Nigeria’s oldest and largest Development Finance Institution (DFI) currently in operation.

It is owned by the Ministry of Finance Incorporated (MOFI) Nigeria (94.80%), the Central Bank of Nigeria (CBN) (5.19%) and private shareholders (0.01%).

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