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OTUNBA KUNLE FOLARIN HOUSE: Sambo Commissions NIMASA’s Abuja New Zonal Office



The Transportation Minister,  Mu’azu Jaji Sambo on Tuesday, commissioned the new NIMASA Abuja Zonal Office. It was named after the Nigerian Maritime Icon and human encyclopedia, Otunba Kunle Folarin.

Sambo while giving his opening remarks said the role of the Nigerian Maritime Administration and Safety Agency cannot be understated in the delivery of Nigeria’s economic potential.

He added that there is a strong need to put in place strategic and tangible structures that will yield quantifiable and intangible dividends in the years to come.

“I am delighted to commission the NIMASA Abuja Zonal Office today, the 16th of May, 2023, here in the Diplomatic Zone of the Central Area, Abuja, Federal Capital Territory.

“As a nation at the cusp of an Economic Renaissance, with boundless opportunities in its Maritime Domain, the role of the Nigerian Maritime Administration and Safety Agency cannot be understated in the delivery of Nigeria’s economic potential.

“However, for us as a nation to achieve our potential, there is a strong need to put in place strategic and tangible structures that will yield quantifiable and intangible dividends in the years to come.

Minister of Transportation, Muazu Sambo, during the Commissioning of the NIMASA’s new Zonal Office, in Abuja, on Tuesday.

As we flag off the Commissioning of all Completed Projects by the Nigerian Maritime Administration and Safety Agency, what will become apparent for all to see is the intentionality, commitment and focus of the Federal Government of Nigeria to ensure that the proper foundation is put in place so that as a people, we can continuously build towards a greater tomorrow.

“Today, we are gathered here to commission the newly acquired NIMASA Abuja Zonal Office. At the same time, there may be those who will raise questions about the need for a Maritime Administration to secure an office in Abuja, where there is no ocean. 

“But I assure you that the acquisition of this office is not to fulfil another bureaucratic justification but due to the responsibilities and functions that the zonal office plays in discharging NIMASA’s mandate.

“The Abuja Zonal Office serves as the nexus point between the NIMASA and the Federal Ministry of Transportation, the National Assembly, and all other relevant Ministries, Departments and Agencies, as well as critical stakeholders like the Central Bank of Nigeria (CBN) and Nigerian National Petroleum Corporation Limited (NNPCL), amongst others.

“The Abuja Zonal Office further oversees the operations of the NIMASA’s Lokaja Safety Base, thereby playing a pivotal role in delivering the Agency’s regulatory responsibilities on safety matters in our inland waterways.

“Therefore, due to the strategic role the Abuja Zonal Office plays, it became imperative to establish a permanent station as several limiting factors encumber the current office from the restrictive nature of operating from a rented property, limiting NIMASAs ability to restructure and modify the facility to meet exigencies necessary to increase productivity, to the long-term financial implications of paying exorbitant rents.

“Apart from the reduction of cost of governance, the New Abuja Zonal Office will serve as the centerpiece of government relations on matters with bilateral and Multilateral implications on International Trade and Cooperation, as such, enable the Agency to host Foreign Diplomats and other key Maritime Stakeholders in the Federal Capital Territory, thereby helping the Agency speedily achieve its mandate especially when they need to reach out to the different arms of Government.

“All these factors have led to the acquisition of the New Abuja Zonal Office and serve as further proof of the growth in capacity of the Nigerian Maritime Administration and Safety Agency due to its deepened role in the economic development of Nigeria.

“As the supervisory Ministry, our support for NIMASA and the expansion of the maritime sector has been and will continue to be immense, and we are happy that the ripple effects of the support cuts across the length and breadth of Nigeria. 

“We remain committed to our oversight function as we continue to create the enabling operational regimes for the Agencies and Departments under the FMOT. This project is, therefore, a pointer to our determination in that regard.

“At this juncture, it is important to appreciate the President and Commander in Chief of the Armed Forces of the Federal Republic of Nigeria, His Excellency Mohammadu Buhari, the Vice President, His Excellency Prof. Yemi Osinbajo SAN, and all the members of the Federal Executive Council for approving the procurement of the New Abuja Zonal Office 

“Furthermore, l acknowledge and commend the Director-General of NIMASA, Dr Bashir Yusuf Jamoh, the Board of the Agency, members of the Executive Management, Top Management and Staff of NIMASA, and their contractors Messrs. Avalon Intercontinental Nigeria Limited for the successful delivery of this project which will no doubt serve the good people of the Federal Republic of Nigeria.

“It is now my pleasure to commission this project for improved service delivery and economic development. Thank you and God bless the Federal Republic of Nigeria,” he said.

The Abuja Zonal Office is expected to serve as the nexus point between the NIMASA and the Federal Ministry of Transportation, the National Assembly, and all other relevant Ministries, Departments and Agencies, as well as critical stakeholders like the Central Bank of Nigeria (CBN) and Nigerian National Petroleum Corporation Limited (NNPCL), amongst others.


Children’s Day: London Academy Business School Celebrates Nigerian Children



...Reiterates commitment to provide high-quality education to Nigerian Child***
Dr. Larry, the Director of London Academy Business School (LABS), joined other Nigerian leaders from other industries to celebrate children on children's Day. In his words, Dr. Larry stated that children remind us of the future.
While speaking to reporters, he emphasized the aura of love that children create in the homes and throughout society, Also that "the joy and happiness from children are amazing, sufficient enough to drive energy for nation building."

Dr. Larry also advocated for effective child protection policies and implementation, urging all critical stakeholders, including parents, teachers, and the government, to protect and celebrate children.
  To ensure that high-quality education is available to children in Nigeria, London Academy Business School has established a Lagos Study Centre with state of the art facility and modern technology with plans to expand across all cities in Nigeria.

Dr. Jones-Esan, who has big plans to change the face of education in Nigeria, has also urged the government and private stakeholders to work with him and his team of professionals to change the face of education in Nigeria. He claims that many children have big potentials but can't realise them because they're not in school.
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Tinubu To Adopt Price Control Mechanism For Agro Products



… Vows to Defend Nigeria From Terror, Criminality – Tinubu***

President Bola Tinubu says he will take steps to ensure price control for agricultural products.

Tinubu said this in his inaugural address on Monday in Abuja.

According to him, rural income shall be secured by commodity exchange boards guaranteeing minimal prices for certain crops and animal products.

He said that agricultural hubs would be created throughout the nation to increase production and engage in value-added processes.

“The livestock sector will be introduced to best modern practices and steps taken to minimise the perennial conflict over land and water resources in the sector.

“Through these actions, food shall be made more abundant yet less costly. Farmers shall earn more while the average Nigerian pays less,” he said.

On foreign policy, Tinubu said that the crisis in Sudan and the turn from democracy by several nations in “our immediate neighbourhood were of pressing concern”.

He said that his primary foreign policy objective would be the peace and stability of the West African continent.

“We shall work with ECOWAS, the AU, and willing partners in the international community to end extant conflicts and to resolve new ones.

“As we contain threats to peace, we shall also retool our foreign policy to more actively lead the regional and continental quest for collective prosperity, ” he said.

The President called on all Nigerians, irrespective of political affiliations, to support his government in his bid to take Nigeria to greater heights.

“Our administration will govern on your behalf but never rule over you.

“We shall consult and dialogue with, but never dictate. We shall reach out to all but never put down a single person for holding views contrary to our own.

“We are here to further mend and heal this nation not tear and injure it,” he said.

In the meantime, President, Bola Tinubu, has promised to defend Nigeria from terror and all forms of criminality threatening the peace and stability of the country and the sub-region.

Tinubu said this in his inaugural address after he was sworn in as the 16th democratically elected president of Nigeria on Monday in Abuja.

He said that security shall be the top priority of his administration, saying that neither prosperity nor justice could prevail amidst insecurity and violence.

“To effectively tackle this menace, we shall reform both our security Doctrine and its Architecture.

“We shall invest more in our security personnel, and this means more than an increase in number.

“We shall provide, better training, equipment, pay and firepower,” he said.

Tinubu said his mission was to improve the lives of Nigerians in a manner that nurtured humanity, encourage compassion toward one another, and duly rewards collective effort to resolve the social ills that sought to divide the nation.

“Our constitution and laws give us a nation on paper, saying we must work harder at bringing these noble documents to life by strengthening the bonds of economic collaboration, social cohesion, and cultural understanding,” he said.

He called for the development of a shared sense of fairness and equity, adding that the South must not only seek good for itself but must understand that its interests were served when good come to the North.

“The North must see the South likewise.

“Whether from the winding creeks of the Niger Delta, the vastness of the northern savannah, the boardrooms of Lagos, the bustling capital of Abuja, or the busy markets of Onitsha, you are all my people.

“As your president, I shall serve with prejudice toward none but compassion and amity towards all.

“In the coming days and weeks, my team will publicly detail key aspects of our programme,” he said.

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Fuel Subsidy Removal: Don Predicts Reduction In Fuel Price



Prof. AbdulGafar Ijaiya of the Department of Economics, University of Ilorin, has expressed optimism at President Bola Tinubu’s inaugural remarks on the removal of fuel subsidies, saying this may reduce prices at the long run.

Ijaiya, who spoke on Monday in Ilorin, observed that with commitment from the Federal Government in revamping existing refineries alongside Dangote refineries, will increase the availability of petroleum products.

The expert who however explained that though such effect may not be felt immediately, noted that the present pump price is about N200, depending on filling stations across the country.

He questioned if the present fuel price at about N200 was as a result of the subsidy removal, adding that if it is not, then fuel may likely increase with about 50 per cent rate after the removal.

“But the thing is that very soon, what has gone wrong with the refineries will be corrected and Dangote refineries will commence by July/August,” he said.

Ijaiya, who teaches in the Faculty of Social Sciences of the university, pointed out that in the beginning there might be an increase in the prices of foods and services.

He however asserted that in a society like Nigeria where people are used to hike in prices, it would not mean much to the citizens.

“By Economics principle, we have adjusted our expenditure profile consumption to particular items. We have moved from consuming luxury and unnecessary items to necessary items.

“This means people go for what is necessary and do away with those that are not,” he said.

Ijaiya affirmed that in the long run, the fuel pump price will adjust downward and there would be more supply of the products.

He further added that when there are more supply of a particular product in the market, it will automatically reduce the price.

“If we have enough supply, with time and there are no other man-made distortion that has to do with our behaviour, I see us buying it between N80 and N100 per litre,” he predicted.

The economist also foresee filling station advertising and competing for sales, saying it will be good for the nation.

He, however, cautioned that “we are in an uncertain world”, but maintained that fuel subsidy removal would be good for the country eventually as only a minority are benefiting from it.

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