Connect with us


Weekend Ginger: Nigeria May Never Be Same Again: Pray For Buhari!



  • from lawmakers to poor masses!

The Distinguished Senators came from Abuja to do “oversight functions” on some maritime Government parastatals in Lagos and found highly fatigued Chief Executive Officers, sitting on edge, to welcome them.

In the past, they would have rolled out the red carpets. Not anymore. Not with the stressful Treasury Single Account, stretching and over stressing them daily. We need to pray for President Muhammadu Buhari!

ceegghchWhen a correspondent who covered the Senators’ visit to NIMASA  was asked how he saw the event; he smiled, blinked twice and blurted: “It can’t ever be like it used to be!”
Now, if it can’t ever be, like it used to be, then, Pray for Buhari!
The ‘Senate’ before this Senate Committee paid several oversight functions on NIMASA in the past four years. They were as blind as bats! They neither saw nor smelled the NIMASA Strongman helping a beautiful hairdresser to safe-keep over half a billion Naira in her fashionable purse!

gdgaidjaWhen they told the people at NPA, they had come for oversight functions, to ensure the management plug the revenue loopholes; Habib Abdullahi told them, he has been plugging loopholes since 2013!

But before you start developing wrong insinuations, especially of the Senators, take your time off, to meditate on the fate of Nigerian masses, who are likely to fare worse!

Buhari will run an “all inclusive” administration. He has no options. The prices of crude is gone. From $114 to $50; then  to $40; then to $30; and then to $…?
We need to pray for Buhari!

The job was supposed to be a Cut and Paste assignment. The President cut the piece, got to where he would paste it, only to discover the ground is far far wider. He can’t paste, he can’t return it! He is holding unto the hottest smouldering charcoal with bare hands! Ironically, the King’s men are seriously, unaware!

The only option for Government is to run an “all inclusive” Government. Meaning: everyone, including the masses must be drafted in, to pay!

First they go for the Rich. Anyone who keeps a Current Account in the Bank,  cannot swear, to any oat of poverty! So, from them now, every transaction they make, the Government extracts N50. Call it Stamp Duty. At all, at all, naim bad!
But, when you multiply N50 with 4million transactions daily, you begin to understand!

Perhaps, when they did that to the Rich, they caught the Poor laughing, so quickly, the removed the subsidy on Kerosene. The Rich do not use Kerosene. The Rich rely on Gas, or other better sources of power. Kerosene has officially moved from N50 to N83 per litre. It however, still sells for N100 to N120  per litre. The masses are paying… Let us Pray… for Buhari!

But some were determined to escape contributing their quota. They opened new Savings Accounts and changed from Kerosene to Gas. To catch them, a very sensible Government moved to electricity supply, and hiked its tariff, without increasing its Supply! The dragnet is total. It is now, “all inclusive”! Now, is anyone, still talking of raising taxes?!

Under Jonathan, what the people paid, for darkness they probably tried and stole through other loopholes. Under APC, there is no supplies of Straws, yet, the legendary numbers of blocks must be baked! This is Pharaoh’s old philosophy. This is the best thing that has ever happened to Nigeria. Nigeria will never be the same again!

But, before you go, let us again, beg the CBN Governor to urgently review his warped policy on school fees restrictions for children overseas. If the Governor has exhausted his initiatives, let him resign and Mr. President can replace him.

If parents who have saved money, denying themselves, cannot pay for children abroad, they would turn, overnight, against the President. We want the President to win the next election and run an eight-year course, capable of bringing Nigeria at par, with Singapore…

At every point, and in every way, most Parents would naturally love their children far more than any government. Even, the Buhari Government!
May the President live forever!!!


WAIVER CESSATION: Igbokwe urges NIMASA to evolve stronger collaboration with Ships owners



…Stresses the need for timely disbursement of N44.6billion CVFF***

Highly revered Nigerian Maritime Lawyer, and Senior Advocate of Nigeria (SAN), Mike Igbokwe has urged the Nigeria Maritime Administration and safety Agency (NIMASA) to partner with ship owners and relevant association in the industry to evolving a more vibrant merchant shipping and cabotage trade regime.

Igbokwe gave the counsel during his paper presentation at the just concluded two-day stakeholders’ meeting on Cabotage waiver restrictions, organized by NIMASA.

“NIMASA and shipowners should develop merchant shipping including cabotage trade. A good start is to partner with the relevant associations in this field, such as the Nigeria Indigenous Shipowners Association (NISA), Shipowners Association of Nigeria (SOAN), Oil Trade Group & Maritime Trade Group of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA).

“A cursory look at their vision, mission and objectives, show that they are willing to improve the maritime sector, not just for their members but for stakeholders in the maritime economy and the country”.

Adding that it is of utmost importance for NIMASA to have a through briefing and regular consultation with ships owners, in other to have insight on the challenges facing the ship owners.

“It is of utmost importance for NIMASA to have a thorough briefing and regular consultations with shipowners, to receive insight on the challenges they face, and how the Agency can assist in solving them and encouraging them to invest and participate in the maritime sector, for its development. 

“NIMASA should see them as partners in progress because, if they do not invest in buying ships and registering them in Nigeria, there would be no Nigerian-owned ships in its Register and NIMASA would be unable to discharge its main objective.

The Maritime lawyer also urged NIMASA  to disburse the Cabotage Vessel Financing Fund (CVFF)that currently stands at about N44.6 billion.

“Lest it be forgotten, what is on the lips of almost every shipowner, is the need to disburse the Cabotage Vessel Financing Fund (the CVFF’), which was established by the Coastal and Inland Shipping Act, 2003. It was established to promote the development of indigenous ship acquisition capacity, by providing financial assistance to Nigerian citizens and shipping companies wholly owned by Nigerian operating in the domestic coastal shipping, to purchase and maintain vessels and build shipping capacity. 

“Research shows that this fund has grown to about N44.6billion; and that due to its non-disbursement, financial institutions have repossessed some vessels, resulting in a 43% reduction of the number of operational indigenous shipping companies in Nigeria, in the past few years. 

“Without beating around the bush, to promote indigenous maritime development, prompt action must be taken by NIMASA to commence the disbursement of this Fund to qualified shipowners pursuant to the extant Cabotage Vessel Financing Fund (“CVFF”) Regulations.

Mike Igbokwe (SAN)

“Indeed, as part of its statutory functions, NIMASA is to enforce and administer the provisions of the Cabotage Act 2003 and develop and implement policies and programmes which will facilitate the growth of local capacity in ownership, manning and construction of ships and other maritime infrastructure. Disbursing the CVFF is one of the ways NIMASA can fulfill this mandate.

“To assist in this task, there must be collaboration between NIMASA, financial institutions, the Minister of Transportation, as contained in the CVFF Regulations that are yet to be implemented”, the legal guru highlighted further. 

He urged the agency to create the right environment for its stakeholders to build on and engender the needed capacities to fill the gaps; and ensure that steps are being taken to solve the challenges being faced by stakeholders.

“Lastly, which is the main reason why we are all here, cessation of ministerial waivers on some cabotage requirements, which I believe is worth applause in favour of NIMASA. 

“This is because it appears that the readiness to obtain/grant waivers had made some of the vessels and their owners engaged in cabotage trade, to become complacent and indifferent in quickly ensuring that they updated their capacities, so as not to require the waivers. 

“The cessation of waivers is a way of forcing the relevant stakeholders of the maritime sector, to find workable solutions within, for maritime development and fill the gaps in the local capacities in 100% Nigerian crewing, ship ownership, and ship building, that had necessitated the existence of the waivers since about 15 years ago, when the Cabotage Act came into being. 

“However, NIMASA must ensure that the right environment is provided for its stakeholders to build and possess the needed capacities to fill the gaps; and ensure that steps are being taken to solve the challenges being faced by stakeholders. Or better still, that they are solved within the next 5 years of its intention to stop granting waivers”, he further explained. 

Continue Reading


Breaking News: The Funeral Rites of Matriarch C. Ogbeifun is Live



The Burial Ceremony of Engr. Greg Ogbeifun’s mother is live. Watch on the website: and on Youtube: Maritimefirst Newspaper.

Continue Reading


Wind Farm Vessel Collision Leaves 15 Injured



…As Valles Steamship Orders 112,000 dwt Tanker from South Korea***

A wind farm supply vessel and a cargo ship collided in the Baltic Sea on Tuesday leaving 15 injured.

The Cyprus-flagged 80-meter general cargo ship Raba collided with Denmark-flagged 31-meter wind farm supply vessel World Bora near Rügen Island, about three nautical miles off the coast of Hamburg. 

Many of those injured were service engineers on the wind farm vessel, and 10 were seriously hurt. 

They were headed to Iberdrola’s 350MW Wikinger wind farm. Nine of the people on board the World Bora were employees of Siemens Gamesa, two were employees of Iberdrola and four were crew.

The cause of the incident is not yet known, and no pollution has been reported.

After the collision, the two ships were able to proceed to Rügen under their own power, and the injured were then taken to hospital. 

Lifeboat crews from the German Maritime Search and Rescue Service tended to them prior to their transport to hospital via ambulance and helicopter.

“Iberdrola wishes to thank the rescue services for their diligence and professionalism,” the company said in a statement.

In the meantime, the Hong Kong-based shipowner Valles Steamship has ordered a new 112,000 dwt crude oil tanker from South Korea’s Sumitomo Heavy Industries Marine & Engineering.

Sumitomo is to deliver the Aframax to Valles Steamship by the end of 2020, according to data provided by Asiasis.

The newbuild Aframax will join seven other Aframaxes in Valles Steamship’s fleet. Other ships operated by the company include Panamax bulkers and medium and long range product tankers.

The company’s most-recently delivered unit is the 114,426 dwt Aframax tanker Seagalaxy. The naming and delivery of the tanker took place in February 2019, at Namura Shipbuilding’s yard in Japan.

Maritime Executive with additional report from World Maritime News

Continue Reading
ADEBAYO SARUMI: Doyen of Maritime Industry Marks 80th Anniversary, Saturday 

Editor’s Pick