Connect with us

Maritime

NCDMB: Vibrant ship building dream to remain frustrated, until steel industry is revived

Published

on

NCDMB, NEXIM sign agreement on $30m capital, capacity building fund

The Nigerian Content Development and Monitoring Board (NCDMB) indicated on Tuesday that until the country revives its iron and steel industry, the dream of evolving vibrant and efficient shipping industry would continue to be frustrated.

The Executive Secretary of NCDMB, Engineer Simbi Wabote who indicated this in Lagos  during his paper presentation  at a sensitisation seminar on Local Content Development in Shipping, Oil and Gas Logistics Operations in Nigeria, organised by the Maritime Reporters Association of Nigeria (MARAN) has subsequently begged Government, for a more direct intervention, stressing that in so far as the major components of shipping remains iron and steel, the lack of it within the nation’s economic architecture would remain both a huge foreign exchange drain and a major setback.

Speaking through a representative, Dr. Ginah Ginah, NCDMB General Manager, Corporate Communication and Zonal Co-ordinator, the NCDMB boss who enumerated many achievements recorded by the organisation noted that the lack of local steel production was among the real challenges also militating against the growth of the oil and gas industry.

L-R: Corporate Communication and Zonal coordinator NCDMB, Dr. Ginah Olonyo; Asst. Director Shipping Dev. Dept. NIMASA, Mrs. Anna Akpan; MARAN President, Mr. Anya Njoku; President Nigeria Shipping Chandlers Association, Dr. Emeka Enebeli; and Cordinator Edo State Waterways (WOGMAN), Capt Tony Vevakpor.

Wabote maintained that the non-passage of the Petroleum Industry Governing Bill by the President and high cost of production have pushed back entrepreneurs from investing their money in the sector, saying that production of oil and gas in Nigeria is the costliest in the world, thus making the minister of petroleum to call for reduction in costs of oil and gas exploration.

‘’Our country does not have an efficient steel industry and everything in oil and gas industry requires steel. Nigeria is losing huge foreign exchange to importation of steel. Steel used in the industry is imported; government has to do something to revive iron and steel industry. Local content in the sector will jump to 50 percent if we produce steel locally,’’ he said, noting that most of the pipelines transporting petroleum products are damaged not by militants but because many of them are old having been established many decades back.

Wabote noted that the industry is confronted with shortage of research institutes as most of the oil and gas researches that are being used to develop and carry out exploration were carried out abroad.

Specifically, he grieved that most of the Nigerian universities that could have been producing manpower for the industry are still running outdated curricular, thereby making their products inadequate to take their rightful positions in the industry.

According to him, oil and gas industry is a specialised industry and NCDMB is in the process of establishing research institutes that will be domiciled in four universities in the country and also in discussion with the National University Commission on the review of curricular of petroleum studies. He believed that the establishment of the research institutes would save the country foreign exchange being spent on researches abroad.

Speaking on the way forward, particularly towards mitigating the impact of the various challenges on the growth of the industry, Wabote pointed out that the organisation had set aside 200 million dollars as Nigerian Content Intervention Fund (NCIF) and domiciled it with the Bank of Industry (BOI) which the bank would give out as loans to local investors at an 8 percent interest.

He explained that the essence of the NCIF is to save the industry from foreign dominance and provide fund to empower and boost capacity of Nigerian participants in oil and gas production. He expressed displeasure that the disbursement of the loan by Bank of Industry was very slow as only three stakeholders had benefited.

 

Latest News

Terminal Giant, APMT, Ocean Ambassadors Collaborate To Mark 2024 Children’s Day

Published

on

Terminal Giant, APMT, Ocean Ambassadors Collaborate To Mark 2024 Children's Day

Terminal handling giant, the APM Terminal in collaboration with the Ocean Ambassadors Foundation OAF will host this year’s Children’s Day at Apapa, on Thursday 30, May 2024.

The  Ocean Ambassadors Foundation President, Mrs Violet Olaitan Williams disclosed this to newsmen in Lagos, while appreciating APM Terminals management, for sponsoring this year’s Children’s Day event. 

“This shows that truly, the 60 per cent youth population of this country has a future in the supply chain sub-sector of the marine and blue economy”, the OAF President, Olaitan Williams said.

“This gesture has marked out the terminal as a Children-friendly terminal, passionate about the sustainability of the industry,” she also said.

Ocean Ambassadors Foundation President, Mrs Violet Olaitan Williams

The OAF is a Catch Them Young Initiative with a grassroots approach to the maritime supply chain, a special provision for the Girl Child, who is under-represented in the maritime space.

She praised the APMT for being a functional multinational terminal, stressing that the management’s willingness to play its role in the nation’s progress and growth by aligning with the Federal government’s agenda for the marine and Blue economy ministry, should be emphasized and commended.

“We hope to partner with APMT for further engagements as regards the future of these students because they’ve exhibited their terminal as a Student-friendly one”, Olaitan further noted.

Continue Reading

Latest News

Economic Saboteurs Must Be Brought To Justice!’ Says The CGC

Published

on

Economic Saboteurs Must Be Brought To Justice!' Says The CGC

… Sets up Operation Whirlwind Against Smuggling of Petroleum Products!

The Comptroller-General of Customs (CGC) Adewale Adeniyi, on Thursday, 22 May 2024, in Abuja, inaugurated a workshop for a newly formed tactical team, Operation Whirlwind, aimed at combating the smuggling of Petroleum Products to the neighbouring countries.

“Economic saboteurs must be brought to justice,” he declared, in his opening remarks, emphasising the crucial role the team will play in protecting the nation’s economy from the adverse effects of smuggling petroleum products. 

 “Over the years, we have rebuilt the service to an enviable height, our revenue is increasing, and our targets have also increased. However, if we are not significantly impacting the Nigerian economy, then we must do better.”

The workshop at the Nigeria Customs Command and Staff College (NCCSC) is designed to equip the Operation Whirlwind team with the skills and knowledge necessary to effectively curb smuggling, particularly of petroleum products diverted to neighbouring countries.

CGC Adeniyi highlighted the significance of the workshop and the strategic importance of the new operation.

 “This is not a task force or the setting up of checkpoints,” he clarified. 

“This is an intelligence-driven operation that will support the political will at the highest level. Our dedication and loyalty must not be compromised. There will be serious consequences against whoever acts against this mission. There is zero tolerance for sabotage.”

Adeniyi stressed the need for collaboration and unity among the officers.

 “You were selected because you can do the job. Your coordinator’s record is impeccable, and your assignment can’t succeed without you working as a team. You are to complement the existing structure. You are not going as competitors; you are going to fight people sabotaging our efforts.”

The Director of Legal Services is scheduled to educate the team on the proper procedures for filing seizures, ensuring that all legal aspects of their operations are handled correctly.

The inauguration of Operation Whirlwind marks a significant step in Nigeria’s fight against smuggling and economic sabotage. As the team prepares to embark on their mission, the Comptroller-General of Customs asserts that the expectation is clear: to protect Nigeria’s economic interests with unwavering dedication and integrity.

It would be recalled that a Customs officer who once challenged smugglers at a border in the Northern axis of the country was allegedly dubbed insane, manhandled and taken to Abuja, to enable the petroleum product smuggling to continue unabated.

The setting up of Operation Whirlwind to some extent, might be a reflection of the fact that the racket that once, allegedly thrived under a past administration is finally over. 

Continue Reading

Latest News

Navy Arrests 2 Vessels, 12 Crew Members Over Violation Of Maritime Law

Published

on

Navy Arrests 2 Vessels, 12 Crew Members Over Violation Of Maritime Law

…MV RIG RUNNER and MV CELTIC EBENEZER Allegedly had AIS switched off at the time of arrest on April 2 and May 2 respectively

The Nigerian Navy, Forward Operating Base (FOB) FORMOSO, Baylesa, has arrested two motor vessels and 12 crew members over alleged violation of maritime laws.

The Commanding Officer, Capt. Murtala Rogo, disclosed this on Saturday while handing over the vessels and suspects to the Nigerian Maritime Administration and Safety Agency NIMASA operatives in Bayelsa.

Represented by the Executive Officer, Commander M.A. Gada, Rogo said that the vessels, (MV) RIG RUNNER and MV CELTIC EBENEZER were arrested on April 2 and May 2 respectively.

“They were arrested by our patrol teams, around Madu Oilfield, off the coast of Bayelsa.

“Both vessels were found to be transiting with their automatic identification systems switched off, this is a violation of maritime law, ” he said.

The commanding officer said that the navy remained committed to the campaign against illegal bunkering, crude oil theft and all other forms of waterway crime.

Continue Reading

Advertisement

Editor’s Pick

Politics