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Maritime

NIMASA: Jamoh flies Nigeria’s Blue Economy Initiative in S’Korea

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NSDP TERRA: Avoid Foreign Distractions, Jamoh tells Cadets as NIMASA Empowers More Nigerians

…As S/Korean govt. warns of economic slump for 6th month***

The Director General, Nigerian Maritime Administration and Safety Agency is consistently flying the nation’s Blue Economy Initiative, within and outside the shores of the country.

He addresses a South Korean business community on the same message and secures the admiration and handshake of President Yoon Suk-Yeol of South Korea.

Director General, Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Bashir Yusuf Jamoh, in handshake with President Yoon Suk-Yeol of South Korea with President Muhammadu Buhari, (behind), during a Bilateral Meeting after the DG addressed a business gathering on the development of Blue Economy initiative in Nigeria at the Korean Presidential Villa Seoul.

Jamoh, in a handshake with President Yoon Suk-Yeol of South Korea with President Muhammadu Buhari, (behind), during a Bilateral Meeting after the DG addressed a business gathering on the development of Blue Economy initiative in Nigeria at the Korean Presidential Villa Seoul.

In another development, A monthly economic report of South Korea has warned of an economic slump for the sixth consecutive month, with high inflation and sluggish export.

The Ministry of Economy and Finance said this in a report on Friday.

The report by the ministry, called Green Book, showed concerns continued over the economic slowdown due to faltering export and high inflation caused by external factors which had also affected economic sentiment.

The ministry noted that volatility in the global financial market and downside risks of the global economy continued on the back of geopolitical risks in Europe.

It noted that interest rate hikes in major economies countered inflation.

However, it added that modest improvements had lasted in employment and the face-to-face service industry.

The country’s consumer prices soared by 5.7 percent in October from a year earlier, after rising by 5.6 percent in the previous month.

Export declined by 5.7 percent over the year to 52.48 billion dollars in October, marking the first slide in 24 months.

Sentiment among consumers over economic situations slipped 2.6 points from a month earlier to 88.8 in October.

The number of those employed totalled 28,418,000 in October, up 677,000 from a year earlier.

The employment rate for those aged 15 or higher rose 1.3 percent to 62.7 percent last month.

The report noted that credit card spending increased 10.1 percent in October compared to the same month of last year after expanding 18.4 percent in August and 12.0 percent in September, respectively.

Revenue among department stores gained 7.0 percent last month, but revenue for discount outlets sank 0.5 percent. 

– With additional news from dpa

Maritime

Haruna: Galant Customs Officer Curbing Economic Sabotage, Murdered by Katsina Smugglers

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Haruna: Galant Customs officer Curbing Economic Sabotage, murdered by Katsina Smugglers

…CGC Reaffirms unwavering commitment towards border security

 Nigeria Customs Service (NCS) has sorrowfully announced the tragic passing of Customs Assistant II Auwal Haruna. 

The unfortunate incident occurred at the Gamji Makaho checkpoint in Dankama area of Katsina State on the morning of April 17, 2024. He has been buried, in line with Islamic rites.

According to the Customs National image maker, Abdullahi Maiwada, the melee was triggered when a team of customs officers attached to Katsina Area Command attempted to intercept a convoy of over fifty vehicles transporting goods suspected of illegal movement outside the country. 

“Haruna and his fellow officers exhibited remarkable courage in their duty to thwart these audacious economic saboteurs.

 “Their actions sparked a confrontation with an enraged mob who viciously attacked and fatally assaulted CA II Auwal Haruna. He has since been laid to rest according to Islamic rites in his hometown, Kayawa, under the Dutsi Local Government Area of Katsina state”, the Service stated, noting the deep and genuine sorrows of the Comptroller General.

“The Comptroller General of Customs (CGC), Bashir Adewale Adeniyi, and the entire NCS fraternity extend heartfelt condolences to the CA II Auwal Haruna family. He also vehemently condemns the senseless act of violence that led to his untimely demise and assures a comprehensive investigation into this tragic incident to ensure justice is served.

“The CGC underscores the perilous challenges officers face in their daily mission to safeguard the nation’s borders. Under his stewardship, he assures that the NCS stands firmly united with the fallen officer’s family during this period of profound grief.

“The NCS remains steadfast in its efforts to combat illegal activities such as smuggling, prioritising Nigeria’s border integrity while ensuring the safety of citizens and dedicated customs personnel”, the National Public Relations Officer further stated.

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Maritime

Reps Demand Restructuring Of Terminal Operators, NPA Licensed Agents

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Reps Demand Restructuring Of Terminal Operators, NPA Licensed Agents

 ..Says “Our goal is to effect changes that will restructure and position it to compete in the global space

The House of Representatives Committee on Ports and Harbour has demanded the restructuring of Terminal Operators and Nigeria Ports Authority (NPA) Licensed Agents in the country.

Rep. Nnolin Nnaji, Chairman of the committee, disclosed this at the interactive session with terminal operators and NPA licensed agents in Abuja on Thursday.

“Our goal is to effect changes that will restructure the unique and high-tech sector and position it to strategically compete in the global space.

“This sector is very dynamic and we must constantly review the standards, facilities and operational guidelines to keep pace with its obtainable global best practices,” he said.

The lawmaker reiterated the committee’s readiness to ensure that the sector remained one of the best through appropriate legislation and oversight.

“This is to bequeath to Nigerians, ports and harbours that are properly regulated and better managed for greater efficiency.

“It is important to harmoniously promote the objective of professionalising the modus operandi of this sector to improve our country’s Gross Domestic Product and revenue generation.

“We intend to collaborate with relevant stakeholders in the industry to ensure that appropriate avenues are created for economic development,” he said.

He said the committee was poised to make the ports a hub for better non-oil revenue generation, adding that the house would continue to support total rehabilitation and upgrading of ports, harbours and allied services.

In her contribution, the Registrar and Chief Executive Officer, Council for the Registration of Freight Forwarders of Nigeria, Urunta Chinyere, advised terminal operators to adopt electronic mode of payment.

“This is to reduce human interface in their operations,” the officer said.

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Maritime

SOAN Inaugurates New Leadership, Boosting Hopes Of Crushable Inflation

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SOAN Inaugurates New Leadership, Boosting Hopes Of Crushable Inflation

…Sonny Eja is President, Ekere is 1st Vice President; Iroghama Ogbeifun is Chairman, Technical Committee

When Air Peace made its innocent maiden flight from Nigeria to London on March 30, 2024, the symbolical flight achieved two things: first, it broke the unholy equilibrium fare price amongst available airlines.

Secondly, the gesture sent some powerful signals to the entrenched operators, that a determined indigenous operator has finally berthed; and momentarily, the extortionate fare crashed…! Now, if we should replicate this very gesture in the maritime, with a provision of a ‘national’, but privately run vessels/ carriers, how far or fast would carriage charges crash?

The Air Peace has silently made a deafening statement: no amount of plea would crash prices, except the nation can assertively provide a functional alternative.

SOAN Inaugurates New Leadership, Boosting Hopes Of Crushable Inflation
SOAN President, Sonny Eja.

The distance between Lagos and London by flight is about 6 hours and 40 minutes. The distance between London and New York by flight duration is 7h 30m. So, how come the cost of flight from Lagos to London is always twice as much, compared to the cost of flight from London to New York…? 

The answer is simple: Nigeria is an orphan, and there is no effective competition to mitigate arbitrariness. In the maritime sector, however, the country’s fate is worse: shippers are paying twice for cargo freight. Same for handling charges. There was even a time they were paying for as ridiculous a charge as the ‘Weekend’ levy, in the event that you are unlucky to come for clearing by weekends!

 The growing inflation, the poor masses albatross is both artificial and conspiratorial!

First, government’s understanding of the industry is warped and its support, insignificant. The Government functionaries who should assist both the shippers and stakeholders were often either insincere, ignorant or easily cave in under politicians’ pressure. 

No one is as hopeful as the hunter’s wife: she knows her husband did not keep any beast in the forest, yet, she joyfully sings lullaby for the baby on the mat, as she washes the soup pot and grinds the pepper, as she awaits the husband’s return! And the hunter never disappoints.

It is in the same spirit, that shippers would tomorrow, celebrate the inauguration of the incoming President of the Ship Owners Association of Nigeria SOAN, Sonny Eja.

Those who know him at close range described him as a highly focused, truly inspired and totally committed investor, who never disappoints. He is sold to the cause of the shipping industry development. 

Unarguably, he is acknowledged as a resourceful long runner, who often is not only self-motivating, but equally enjoys the special ability to motivate others  Some said it is for this reason that he is so treasured, by the SOAN maiden Arrowhead and Nigeria’s foremost shipping magnate, Engr. Greg Utomwen Ogbeifun.

The President, fortunately, will be fully assisted by tested and trusted ship owners, with enviable skills and technical know-how.. promoters 

These include Dr Louis Ekere as SOAN’s 1st Vice President; Mr. Gbolahan Shaba, the 2nd Vice President; Mr.Babalola Adefariti – Financial Secretary/ Treasurer; Mr. Bem Garba –  Chairman, Training & Capacity building Committee; the shipping industry Amazon, Ms.  Iroghama Ogbeifun as Chairman Technical Committee; Ms. Bassey Adie -Chairman, Ethics & Privileges Committee; and finally, Mr. Emmanuel Okene, who is the Chairman, Finance and membership Committee.

The Doyen of the Maritime industry, High Chief Adebayo Babatunde Sarumi once congratulated SOAN for lifting Nigeria off the lackluster club of 10-Percenters. 

Now, the whole nation would probably look up to SOAN, to midwife a ‘national carrier’ and permanently crash the menace of intractable inflation!

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