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Cargo Haulage: FG to provide 100 wagons – Amaechi

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Nigeria annually imports $125m fishery products from Norway – Ambassador***

The Federal Government is presently fine tuning a plan to procure and import about 100 locomotive wagons before December, to aid the evacuation of goods from the ports by the railway.

The Transport Minister, Chibuike Amaechi disclosed this on Monday, at the 2017 World Maritime Day, organised by the ministry in Lagos, while deliverying a goodwill message.

“The ministry is worried by the time- waste on ports and, therefore is reviewing policies, with a view to improving cargo transportation.

“With effective rail transportation of goods from the ports to the hinterland, less pressure will be on the roads and goods will get to destinations more secured and at less costs,’’ Amaechi stated, stressing that Government is determined to entrench global best practices, by ensuring that only agencies authorized by President Mohammadu Buhari were allowed in the port, while the rest function on adhoc basis.

“Only agencies which were part of the presidential approval in 2017 are permitted to domicile within the ports; all other agencies must come in only when they are required.

“Therefore, there is the need for all maritime agencies to synergise to improve efficiency in our ports,’’ the Minister indicated, highlighting challenges inherent in the country’s inland waterways and ports operations, and were affecting efforts at diversifying the economy.

He was particularly impressed by the theme of the celebration: “Connecting Ships, Ports and people’’, which he explained was aimed at building on the 2016 World Maritime Day the me of “shipping: Indispensable to the World’’.

According to him, the theme is tasking member states of the International Maritime Organisation (IMO) to develop and implement relevant maritime strategies via inter-agency synergies towards jointly addressing a whole range of common challenges.

“This includes the facilitation of maritime transport, increasing efficiency, navigational safety, protection of the marine environment and maritime security”, he posited, adding that IMO was ready to contribute to achieving the United Nations’ Sustainable Development Goals (SDGs) as a response to the challenges facing the world at the moment.

He mentioned the challenges to include increasing world population, climate change, threats to the environment, unsustainable exploitation of natural resources and threats to food security.

“More efficient shipping will be achieved through working in partnership with the port stakeholders while government provides the enabling environment, thus efficient shipping will be a major driver toward global stability in sea transport and sustainable development for the good of the people.

He noted that the Federal Government has approved an Executive Order on Ports Operations to improve efficiency at the facilities; lauding Government on the success it has already recorded on its diversification of the economy; the level of success on the concessioning of Onitsha River Port, even as others like the Lokoja, Baro and Oguta River Ports were on the Buhari administration’s priority list.

He also revealed that measures were similarly being pursued on regional and sub-regional levels, to curb insecurity in the Gulf of Guinea.

The Nigerian Maritime Administration and Safety Agency (NIMASA) organized 2017 essay winners later got cash awards and to commemorate the day.

Meanwhile, the Norwegian Ambassador to Nigeria, Mr Kjemprud Jens-Petter has observed that Nigeria only imports fishery products worth $125 million (N45 billion) from his country annually.

Jens-Petter indicated this in Lagos on Monday, noting that the fishery imports from Norway consisted largely of stock fish, mackerel and salmon.

“Annually, Norwegian fish exports to Nigeria stand at $125 million and these include stock fish, pelagic fish, mainly mackerel and salmon.

“We are interested in expanding our market access and consider the upper market salmon to have further potential.

“Ideally we believe it would be possible to double our exports considering the huge Nigerian market and the current recovery of the Nigerian economy,’’ he said, pointing out that the Nigerian-Norwegian Chamber of Commerce (NNCC) was already working with his embassy to attract Norwegian investment and cooperation for the development of Nigeria’s fishery industry.

The Norwegian envoy said that his home government, through its organisation: Innovation Norway, was prepared to support and share technical expertise with Nigerian fishing companies in boosting local fish production.

He said that the Norwegian government was also interested in the development and exportation of Nigerian seafood to Norway, highlighting that NNCC and Norwegian fish exporters and aquaculture companies have exchanged visits on how Nigeria could equally achieve bumper fish production, locally.

Economy

Nigeria Loses 50% Of Agricultural Produce Post-harvest – FAO

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Nigeria Loses 50% Of Agricultural Produce Post-harvest – FAO

Mr Ibrahim Ishaka, Food System/Nutrition Specialist at the Food and Agriculture Organisation (FAO) of the United Nations, revealed that Nigeria loses around 50% of its agricultural products along the food supply chain.

Ishaka disclosed this in an interview with the Newsmen on the sidelines of an FAO-organised training in Yola on Saturday.

He explained that food waste posed significant challenges to Nigeria’s agricultural sector, impacting food security, economic growth, and environmental sustainability.

“Some of these challenges include technological barriers, inefficient harvesting techniques, pest infestations, and lack of access to modern farming tools, all of which contribute to losses during harvest, largely influenced by consumer behaviour,” he said.

Ishaka further highlighted additional factors contributing to post-harvest losses, including inadequate storage facilities, poor handling practices and poor transportation infrastructure.

“These factors result in significant losses, especially for perishable goods such as fruits and vegetables.

He also noted that inefficient food processing methods, improper packaging, inadequate storage, and unhealthy consumption habits further exacerbate food waste.

“The nutrition expert highlighted several FAO initiatives promoting nutritious and sustainable practices within communities, focusing on reducing post-harvest losses, improving hygiene, and ensuring sanitation.

“These initiatives include investing in post-harvest infrastructure, building community capacity, training, and empowerment programmes, among others.

“I firmly believe that the key to empowering people, particularly in the northeast region, lies in giving them the power to make informed decisions and the power to educate others,” he said.

Ishaka mentioned the establishment of several FAO-supported centres that produce and distribute locally nutritious foods, such as ‘tom brown,’ to combat malnutrition and food insecurity in the region.

Ishaka mentioned the establishment of several FAO-supported centres that produce and distribute locally nutritious foods, such as ‘tom brown,’ to combat malnutrition and food insecurity in the region.

“These centres are run by local communities, promoting community-led initiatives to improve food security.”

He expressed optimism that the training would have a long-lasting impact on participants and their communities, enhancing overall well-being and food security through the adoption of best nutrition practices.

This initiative is part of the “Emergency Agriculture-Based Livelihoods Sustenance for Improved Food Security” programme, targeting Borno, Adamawa, and Yobe, with support from USAID. 

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Oil, Gas Industry Owes FG $6bn, N66bn – NEITI Report

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Oil, Gas Industry Owes FG $6bn, N66bn – NEITI Report

The Nigeria Extractive Industries Transparency Initiative (NEITI), says outstanding collectable revenues due to the Federal Government in the oil and gas industry have risen to 6.071 billion dollars and N66.4 billion as of June 2024, respectively.

NEITI disclosed this on Thursday in Abuja at the public presentation of its 2022 and 2023 Independent Oil and Gas Industry Reports.

It was reported that the report is being prepared by the NEITI Board and National Stakeholders Working Group (NSWG).

The report was unveiled by Mr Ola Olukoyede, Chairman, Economic and Financial Crimes Commission (EFCC), alongside Sen. George Akume, Secretary to the Government of the Federation and Chairman, NSWG, NEITI and other dignitaries.

The breakdown of the report showed that outstanding liabilities were 6.049 billion dollars and N65.9 billion in unpaid royalties and gas flare penalties, due to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as collectable revenues by Aug. 31, 2024.

It also provided a detailed analysis of the information and data regarding who owes what in outstanding revenues due to the government.

Oil, Gas Industry Owes FG $6bn, N66bn – NEITI Report
(L-R) Mr Ola Olukoyede, Chairman, Economic and Financial Crimes Commission (EFCC), with Sen. George Akume, Secretary to the Government of the Federation and Chairman, NSWG, NEITI and Mr Ikenga Ugochinyere, Chairman. House Committee on Downstream Petroleum

A further breakdown showed outstanding petroleum profit taxes, company income taxes, withholding taxes, and Value Added Tax  (VAT), due to the Federal Inland Revenue Service (FIRS), amounting to 21.926 million dollars and N492.8 million as of June 2024.

On fuel importation, the latest NEITI report disclosed that a total of 23.54 billion litres of Premium Motor Spirit (PMS) were imported into the country in 2022, while 20.28 billion litres were imported in 2023.

This represented a reduction of 3.25 billion litres, or a 14 per cent decline, following the removal of the fuel subsidy.

A detailed 10-year trend analysis (2014–2023) in the NEITI report showed that the highest annual PMS importation into the country, 23.54 billion litres, was recorded in 2022, while the lowest, 16.88 billion litres recorded in 2017.

The NEITI report also disclosed that a total of N15.87 trillion was claimed as under-recovery/price differentials between 2006 and 2023, with the highest amount, N4.714 trillion, recorded in 2022.

On crude production, fiscalised crude production in 2022 stood at 490.945 million barrels, compared to 556.130 million barrels produced in 2021, representing an 11 per cent decline.

However, in 2023, NEITI’s independent report revealed total fiscalised production of 537.571 million barrels, and 46.626 million barrels or a 9.5 per cent increase from total production recorded in 2022.

A 10-year trend (2014–2023) of fiscalised crude oil production in Nigeria showed the highest production volume of 798.542 million barrels was recorded in 2014, while the lowest, 490.945 million barrels, was recorded in 2022.

The NEITI report further provided detailed information and data on crude lifting, disclosing that in 2022, total crude lifting was 482.074 million barrels compared to 551.006 million barrels lifted in 2021.

“In 2023, total crude lifting stood at 534.159 million barrels, representing an 11 per cent increase of 58.08 million barrels,” the report stated.

On oil theft and crude losses, a total of 7.68 million barrels of crude were either stolen or lost in 2023, representing a significant drop of 79 per cent (29.02 million barrels) compared to 36.69 million barrels either stolen or lost in 2022.

NEITI’s independent industry report carefully reviewed all aspects of the regulatory framework for the oil and gas industry.

This included the legal framework, fiscal regime, roles of government entities and reforms, as well as laws, Petroleum Industry Act (PIA 2021) and regulations relating to addressing corruption risks in the oil and gas sector.

The event was supported by the European Union and the Rule of Law and Anti-Corruprion (RoLAC) programme being implemented by the International Institute for Democracy and Electoral Assistance (IIDEA). 

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Economy

EKO BRIDGE REPAIRS: LASG Rolls Out Diversion Plan Beginning Monday

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EKO BRIDGE REPAIRS; LASG Rolls Out Diversion Plan Beginning Monday

The Lagos State Government on Friday announced that traffic will be diverted away from Eko Bridge to facilitate emergency repairs by the Federal Ministry of Works. 

The diversion, according to the Commissioner for Transportation, Mr Oluwaseun Osiyemi, will commence on Monday, 16th September 2024, and will last for 8 weeks.

“The repairs will be carried out in four phases, during which the bridge will be intermittently fully or partially closed, depending on the work schedule”, Osiyemi stated, advising Motorists to use the following alternative routes during the repairs:

*Motorists heading to the Island from Funsho Williams Avenue can make use of the service lane at Alaka to connect to Costain and access Eko Bridge to continue their journeys.

*Alternatively, Motorists heading to the Island can access Costain to connect Eko Bridge to link Apongbon for their destinations.

*Motorists can also connect Apongbon inwards Eko Bridge to link Costain to access Funsho Williams Avenue.

*Motorists can also make use of Costain inwards Alaka/Funsho Williams Avenue or alternately go through Apapa Road from Costain and link Oyingbo to access Adekunle to link Third Mainland Bridge for their desired destinations.

*In the same vein Motorists heading to Surulere are advised to use Costain to link Breweries inward to Abebe Village to connect Eric Moore/Bode Thomas to get to their destinations.

The Commissioner for Transportation, Mr Oluwaseun Osiyemi, assures that Lagos State Traffic Management Authority officers will be deployed to the rehabilitation areas and alternative routes to minimize travel delays and inconvenience.

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