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Undue Politicization: Transport Sector’s Greatest Albatross- Prof Badejo



Undue Politicization: Transport Sector's Greatest Albatross- Prof Badejo


The nation’s transportation terrain is arguably in shambles and largely ill-coordinated, perhaps, because true experts are in charge. 

The Maritime First took up the challenge of seeking them out, and today brings you the revered view of a distinguished Transport Industry professional: the highly informed Bamidele Badejo, a Professor of Transport Geography, from Olabisi Onabanjo, Ago Iwoye, Ogun State. He sees undue politicization of the transport sector, as its debilitating albatross!

Excerpt please:-

Prof. How do you see the Nigerian Transport situation today, especially from the eyes of a professional?

I always described it as (running on) two steps forward, five steps backward.

But, in a more jovial way, I would describe it as Action, without Motion.

The major reason for this description is that there is no Government, even from the colonial period, that doesn’t have an interest in Transport and Development, as a very serious agenda. But despite the talk, talk, talk, and the huge interest, our transport sector remains very lopsided.

The major reason that seems to be responsible, is the undue politicization of the sector. 

We have many people involved, claiming knowledge and authority over Transport and Development, even when they only have a very minute idea of what the sector is all about.

Another major observation is the economic geography of Nigeria. In the last 50 years, has changed. It was predominantly agriculture. 

Today, it has also included oil and gas, solid mineral resources and more importantly, the IT (information technology) areas; meaning that our transport infrastructure development has not really responded to the economic dynamics of the country.

You can imagine the population of Nigeria 50 years ago; and what the population is today.

Our transport infrastructure has not really responded to the crazy growth in the country. 

So, if we continue to invest within the context of the way we are investing in the transport sector… and that’s why I said it has been two steps forward and five steps backward!

So, we have a very serious transport deficiency situation on our hands. There must be a deliberate focus; not the kind of focus we are witnessing; but a genuine one, something that would really relate the transport development to the national realities on ground.

If we take the transport industry or Situation from the intermodal perspective and consider the relevance of the road, air, rail and water transportation, particularly the need to link them against the sad reality of the fact that they have been hardly linked or connected, how would you as a professional feel?

That is exactly my argument…! 

The issue is in Nigeria, everybody is a professor of knowledge when it comes to transportation. Whereas just as you study Medicine, you study Pharmacy, you study Law and Town Planning; Transport is also a profession that is supposed to be studied, just like all the professions that I have listed.

But what we really have, in the transport sector today, is what we called: People Qualified by Experience (PQE). 

A lawyer that works in transport, is an expert. An Accountant that works in transport is an Authority. Even Doctors that work in transport are an authority, after working for up to five to six years; they simply claim the authority of knowledge, in transport.

And I ask myself, what exactly is the curriculum content of knowledge in Transport, especially when you are a medical Doctor, Accountant or lawyer in transport? 

My view is that all those professions can not lay claim to being an authority in transport until they first go and learn about what Transport is…!

***Please, see the video…as he talks about the important essence of harmonization between the human mind and equipment, vis a vis, the reality of the sector, where labour is capital intensive…!


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Super Eagles beat hosts Guinea Bissau, to reclaim Group ‘A’ leadership



Super Eagles beat hosts Guinea Bissau, to reclaim Group 'A' leadership

The Super Eagles on Monday in Bissau beat hosts Guinea Bissau 1-0 to reclaim leadership of Group A in the 2023 Africa Cup of Nations (AFCON) qualifiers.

Moses Simon’s penalty kick after 29 minutes gave the Nigerian senior men’s football team the needed win to move to nine points after four matches.

They have now upstaged from the apex position Guinea Bissau who toppled them on Friday in Abuja with a 1-0 win.

Guinea Bissau is with seven points from four matches and in second place, ahead of Sierra Leone who has five points from four matches.

Nigeria is expected to now face the Leone Stars of Sierra Leone in a Match Day 5 fixture.

 Details later  

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Banking & Finance

NGX: Investors Lose N622bn, as NCR Nigeria, Unity Bank lead Losers’ chart



NGX: Investors Lose N622bn, as NCR Nigeria, Unity Bank lead Losers’ chart

The domestic stock market on Nigeria Exchange Ltd. (NGX) continued on a negative note as the market capitalisation on Monday dropped by N622 billion amid sustained profit-taking activities.

Accordingly, investors lost N622 billion in value as market capitalisation declined to  N29.281 trillion from N29.903 trillion recorded at the previous session.

The All-Share Index (ASI) fell by 1,141.76 points, representing a decline of 2.08 percent, to close at 53,750.77 points as against the 54,892.53 posted on Friday.

Consequently, the ASI’s year-to-date (YTD) return fell to 4.88 percent.

The downturn was impacted by losses recorded in large and medium capitalised stocks, amongst which are; Airtel Africa, Seplat Energy, MTN Nigeria Communications (MTNN), Nigerian Breweries and Lafarge Africa.

“We expect risk-on sentiments to be sustained in the equities markets even as the depressed interest rate environment will continue to favour the local bourse in line with our expectations for Q1, 2023.

“Taking positions in stocks with solid valuations and dividend yields ahead of the dividend-paying season remains the choice strategy.

“However, we see room for extended profit-taking activities,” Analysts at United Capital Plc said.

The market breadth was negative as 21 stocks lost relative to five gainers.

Courteville Business Solutions recorded the highest price gain of 6.67 percent to close at 48k per share.

NPF Microfinance Bank followed with a gain of 2.7 percent to close at N1.90 and AIICO Insurance up by 1.75 percent to close at 58k per share.

FBN Holdings (FBNH) rose by 0.92 percent to close at N11, while Zenith Bank gained 0. 2 percent to close at N25 per share.

Conversely, NCR Nigeria led the losers’ chart by 9.79 percent to close at N2.12, per share.

Unity Bank followed with a decline of 9.43 percent to close at 48k, while Prestige Assurance declined by 8.89 percent to close at 41k, per share.

SUNU Assurance declined 8.33 percent to close at 44k, while Multiverse Mining and Exploration and Airtel Africa shed 8.31 percent each to close at N2.98 and N1,420 respectively per share.

Also, the total volume traded decreased by 26.66 percent to 100.883 million units, valued at N4.342 billion and exchanged in 3,279 deals.

Transactions in the shares of Guaranty Trust Holding Company (GTCO) topped the activity chart with 12.836 million shares valued at N318.513 million.

Zenith Bank followed with 11.920 million shares worth N297.982 million, while United Bank for Africa (UBA) traded 10.038 million shares valued at N80.242 million.

MTNN traded 8.264 million shares valued at N1.927 billion, while FBNH transacted 7.719 million shares worth N84.577.

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MARITIME SAFETY: NIMASA, NCC Close Ranks On Submarine Cable Regulation In Nigeria



MARITIME SAFETY: NIMASA, NCC Close Ranks On Submarine Cable Regulation In Nigeria

…Jamoh reiterates  commitment to Ease of Doing Business 

The Nigerian Maritime Administration and Safety Agency, NIMASA, and the Nigerian Communications Commission (NCC) have agreed to work closely with relevant stakeholders as the Agency inches closer to developing a regulatory framework to provide operational guidelines for Submarine Cable and Pipeline Operators in Nigeria. 

Officials of both organs of Government in Lagos reached this agreement at a pre Audit meeting on submarine cable regulation.

The Director General of NIMASA Dr. Bashir Jamoh, OFR, who chaired the meeting, which also had the Director General of Bureau of Public Service Reforms (BPSR) Mr. Dasuki Arabi in attendance, noted that the Agency is committed to the Ease of doing Business while implementing International Conventions which Nigeria has ratified and domesticated. 

He noted that with Nigeria now a destination for global communication players, the time has come to prevent unregulated underwater cable laying, which might become hazardous to shipping.

According to him, “It is worthy to note that marine cable laying has been ongoing for over two decades in Nigerian waters. Our focus is to ensure safety of navigation of shipping in Nigerian waters with all these underwater cables being laid.

NIMASA is actually developing the guidelines to regulate submarine cable operators in line with the provisions of the United Nations Convention on the Law of the Sea, UNCLOS; which we have ratified and NIMASA is the Agency of Government in Nigeria responsible for its implementation. We do not just implement laws; we consult. Where the responsibility of an Agency stops, that is where the responsibilities of another Agency start. Collaboration is a key component of ease of doing business in the best interest of the country and we will work closely with the NCC to achieve this”.

On his part, the Executive Vice Chairman of the NCC, Professor Umar Garba Danbatta who was represented by the Director, Compliance Monitoring and Enforcement, Efosa Idehen noted that the stakeholders’ dialogue strategy adopted by NIMASA in developing the guidelines would ensure a win-win situation urging NIMASA management to include the Ministry of Justice, a request NIMASA DG immediately granted.

Also speaking at the meeting was the Director General of the Bureau of Public Service Reforms Mr. Dasuki Arabi, who commended NIMASA and NCC for adopting effective Inter-Agency collaboration to avert a potential challenge for the country in the future.

NIMASA had notified submarine and cable operators in Nigeria of a soon-to-be-implemented regulatory guideline for submarine cables and pipelines in Nigeria, in line with the provisions of UNCLOS. NIMASA and the NCC agreed to identify and resolve areas of likely regulatory overlaps, ensuring a regulatory framework based on consultation to engender the attainment of Nigeria’s digital economy transformation.

Officials of the Federal Ministry of Environment and representatives of Submarine Cable operators in Nigeria were also at the meeting.

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